American Express has achieved record quarterly revenue of $17.9 billion, driven by a surge in card member spending. As millennials and Gen Z embrace premium products, the company faces rising expenses but maintains a positive outlook.
In a surprising turn, ultra-wealthy family offices are ramping up investments in biotechnology and entertainment, signaling a shift in investment strategies. Learn about the latest deals and why patience is key in biotech.
In a dramatic Fourth of July showcase, President Trump signed the controversial 'Big Beautiful Bill' that promises massive tax cuts for the wealthy while slashing Medicaid and food assistance for the poor. What does this mean for millions of Americans?
Donald Trump is set to sign a sweeping spending package that cuts safety-net programs while boosting funding for immigration enforcement. Critics warn of devastating impacts on healthcare and low-income families.
In a nail-biting vote, the Republican-controlled House advanced Trump's megabill, despite internal defections. With a final vote looming, tensions run high over welfare cuts and benefits for the wealthy.
Billionaire investor Bill Ackman raises alarms over left-wing candidate Mamdani's policies, fearing an exodus of wealthy New Yorkers could cripple the city's public services and tax base ahead of the November election.
Wall Street is in turmoil over Zohran Mamdani's victory in the NYC mayoral primary. Investors fear tax hikes and stricter regulations, leading to potential exodus from the city. High-profile financiers express alarm at the implications for New York's economy.
Family offices are facing unprecedented hiring challenges, with 80% struggling to recruit key staff. Discover the reasons behind this staffing crisis and what it means for the ultra-wealthy in today's volatile market.
The One Big Beautiful Bill Act proposed by Trump promises tax cuts but reveals a stark divide between high earners and low-income households. Discover the winners and losers in this controversial legislation!
The emerging GOP tax proposal could add over $2.5 trillion to the federal deficit, igniting fierce debate among lawmakers. Critics warn it risks an economic calamity by favoring tax cuts for the wealthy while slashing essential programs.
