Business

In an increasingly unpredictable economic landscape, the ultra-wealthy are shifting their investment strategies toward alternative assets like real estate, private credit, and infrastructure. Recent data from a BlackRock survey highlights this pivotal trend, revealing family offices are now allocating an average of 42% of their portfolios to non-traditional investments—up 3% from the previous year. This
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Southwest Airlines has long been synonymous with low-cost travel, captivating customers with its quirky approach and no-frills service. However, the recent announcement by CEO Bob Jordan at an airport industry conference signals a significant pivot for the airline. The company is considering introducing airport lounges, revamped seating configurations, and even the prospect of long-haul international
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In 2024, the United States reached an astonishing milestone, housing 23.8 million millionaires, a stark testament to the nation’s economic prowess and seemingly endless opportunity. According to a notable report from UBS, this figure includes around 379,000 new millionaires minted in just a single year—a revelation that sounds impressive on paper. However, as this statistic
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The competition among premium credit cards is rapidly intensifying, as two financial giants, JPMorgan Chase and American Express, prepare to up the ante in a game that could redefine consumer loyalty. Last week, JPMorgan hinted at a significant overhaul of its already-acclaimed Sapphire Reserve card—an offering that previously lit a fire in the credit card
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In a dramatic display of geopolitical tensions, airlines worldwide have abruptly halted flights to Israel, showcasing the fragile state of security in the region. The recent missile strikes by Israel on Iran were not just another escalation in an ongoing saga of conflict. They resulted in a palpable ripple effect within the aviation industry, quickly
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