Thomas Barwick | Digitalvision | Getty Images At the highest levels of wealth management, success is measured by more than investment returns. The advisors entrusted with guiding substantial fortunes must combine technical expertise, strategic foresight and an ability to serve clients whose financial lives often span businesses, generations and continents. That’s precisely why CNBC’s Elite…
Wera Rodsawang | Moment | Getty Images The richest U.S. households have financial needs different from those of the average investor and, as such, seek out financial advisors who specialize in managing this echelon of wealth. The inaugural CNBC Elite Advisors list recognizes 25 of the nation’s leading investment advisors serving ultra-high net worth individuals…
Thomas Barwick | Digitalvision | Getty Images The wealth management industry is in the middle of a sweeping shift, as more firms move up the wealth ladder to serve the richest individuals and families. Technology, competition and industry consolidation are pressuring fees and profitability, experts say. At the same time, the population and fortunes of…
Former US President Donald Trump speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Saturday, July 27, 2024. Bloomberg | Bloomberg | Getty Images Cryptocurrency adoption appears to have a political bent — and a significant gender divide. Republicans have adopted crypto with more gusto than Democrats in recent years, data shows, coinciding…
The growing push to restrict Americans from using federal food aid to buy certain processed or sugary products is creating a new challenge for some of the biggest U.S. food and beverage companies. The U.S. Department of Agriculture as of May had approved food restriction waivers for Supplemental Nutrition Assistance Program benefits in 23 states,…
Westend61 | Westend61 | Getty Images Even as home price growth has slowed, the housing boom during the first half of the 2020s means many owners are sitting on substantial equity — and they appear willing to use it. Homeowners tapped an estimated $47 billion in equity — the difference between their mortgage balance and…
The Strip, The Sphere and full replica of the Eiffel Tower in daytime Strekoza2 | Istock Editorial | Getty Images A sparsely-populated state known for its world-class casinos and dry desert climate has been a bright spot in the tepid U.S. job market. Nevada‘s workforce grew 1.9% from April 2025 to 2026, the highest of…
Spend a day at Shanghai Disneyland and you wouldn’t know Chinese consumers are struggling. Wang Jiandong and his girlfriend Yan Xu said they have been skipping meals out and scrimping on day-to-day necessities so they could afford to enjoy the park. “We save in our daily lives so we can spend more on trips,” Wang…
Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 17, 2026. Amirhosein Khorgooi | Reuters Early signs that the Strait of Hormuz is reopening have eased the most acute threat to global energy supplies, but economic damages from the nearly four months of war will take months to unwind, analysts…
U.S. President Donald Trump talks as he meets French President Emmanuel Macron for a bilateral meeting at Hotel Royal Evian on June 15 in Évian-les-Bains, France. Anna Moneymaker | Getty Images U.S. President Donald Trump asserted that he has unlimited power and insisted the deal reached with Iran amounts to “unconditional surrender” by Tehran, in…