A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The key May art sales at major auction houses are expected to be down from last year, as wealthy...
Year: 2024
Sweetgreen, Chipotle and other fast-casual chains are bucking the consumer slowdown
A food delivery messenger carries a take-out bag outside a Sweetgreen in Manhattan, New York City, on Sept. 14, 2023.Jeenah Moon | The Washington Post | Getty ImagesHigh-income consumers helped Chipotle Mexican Grill, Wingstop and Sweetgreen report strong sales this quarter, bucking the broader consumer slowdown that's been hurting other...
Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting
Artist Yu Shu creates sculptures of Charlie Munger. Courtesy: Yu ShuOMAHA, Neb. — A 24-inch tall, bronze bust sculpture of the late Charlie Munger became a conversation piece for guests who lodged at the Omaha Marriott last weekend for the Berkshire Hathaway annual meeting.The hotel, next to Berkshire-owned jewelry store Borsheims,...
Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
Getty ImagesAt American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there's a strong interest in microloans as cash-strapped Americans try to scrape by.That juxtaposition underscores the growing picture of bifurcation among income brackets in America. And adds...
Sinclair explores selling roughly 30% of its broadcast stations, sources say
Signage stands outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S., on Friday, Aug. 10, 2018. Andrew Harrer | Bloomberg | Getty ImagesSinclair, one of the largest owners of broadcast stations in the U.S., is looking to sell more than 30% of its footprint, according to people familiar with...