Manhattan apartment sales fall 30% in June, prices remain high

FUTURE LIGHT | Photodisc | Getty Images Sales contracts for Manhattan apartments plunged by nearly a third in June as the city’s scorching real-estate market started to cool amid recession fears and declining stocks. New York real estate was on a tear through the early spring, with high prices and strong sales. The median sales … Read more

How to buy a carbon-conscious fund in wake of Supreme Court EPA ruling

The Supreme Court last week limited the Environmental Protection Agency’s ability to regulate greenhouse gas emissions to fight climate change – and that may leave eco-conscious investors wondering what they can do. Certain investment managers offer funds meant to promote values ​​such as environmental preservation and social good, and those funds have become more popular … Read more

Where do French people travel in France? Cote d’Azur Burgundy Brittany

International travelers may prioritize visits to the Eiffel Tower and the Louvre when they visit France. But French residents have other ideas. Border restrictions during the pandemic largely gave locals the chance to explore their country without foreign tourists, which in 2019 numbered some 90 million. The French did not squander the opportunity. More than … Read more

LVMH buys California wine giant Joseph Phelps as high-end drinks market soars

LVMH’s Moet Hennessy division on Wednesday announced it has acquired California wine-maker Joseph Phelps Vineyards, as the French luxury goods giant continues to broaden its drinks portfolio. The deal delivers Moet one of the best-known California wine makers, famous for its red table wines and premium Insignia label, and deepens its foothold in the US, … Read more

EssilorLuxottica Chairman Leonardo del Vecchio dies at 87, local media reports

Leonardo Del Vecchio Marka / Universal Images Group via Getty Images Leonardo del Vecchio, the chairman of spectacles maker EssilorLuxottica and one of Italy’s wealthiest business figures, has died aged 87, Italian media reported on Monday. There was no immediate comment from his company but a source confirmed the reports. Del Vecchio rose from a … Read more

Tax return backlog is ‘crushing the IRS’ as pileup exceeds 21 million

IRS Commissioner Chuck Rettig testifies before the Senate Finance Committee on April 7, 2022. Kevin Dietsch | Getty Images News | Getty Images The IRS backlog of tax returns has swelled over the past year, despite efforts to clear the pileup, according to an agency watchdog. There were 21.3 million unprocessed paper returns as of … Read more

Travelers return to Southeast Asia but inflation could hurt recovery

After more than two years of lockdowns and border controls, Southeast Asia is finally experiencing some semblance of the old days of travel. Flights are steadily returning to 2019 levels in the region’s major economies, with Singapore, Thailand and Malaysia being the most popular destinations this year, according to flight data analytics firm Cirium. In … Read more

401(k) plans may not last long enough in retirement

Elena Kurkutova | Istock | Getty Images Older Americans may have a number of different goals with their retirement savings. But usually their main goal is the same: to make it last. Unfortunately, many younger baby boomers and members of subsequent generations who do not have access to a traditional pension could outlive the funds … Read more

Millionaire fear Fed can’t tame inflation and stave off recession

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 9, 2022. Brendan Mcdermid | Reuters American millionaires are raising cash in response to lingering inflation fears, according to CNBC’s Millionaire Survey. Millionaires surveyed by CNBC ranked inflation as the top risk to both the economy and … Read more

Travel costs are up but travelers aren’t canceling their plans yet

Summer travel talk sure is not what it used to be. Rather than sun, sand and surf, many travel discussions now center on inflation, rising fuel costs and flight cancellations, a situation which could derail a much-needed 2022 summer travel comeback. Travel conversations on Twitter decreased 75% from April to May, while discussions related to … Read more