Wealth

Is there an AI bubble on the go? Yes. Obviously. Artificial intelligence-related stocks have accounted for some 75% of S&P 500 returns and 90% of capital spending since OpenAI’s ChatGPT launch in 2022.  Based largely on outsized valuations for America’s big tech companies, the index’s forward P/E ratio is much like where it was at the top of the dotcom days. You can argue about the scale of it and how this new technology should be measured, but however you cut it, it looks like a Capex bubb

After making its name on millennials and meme stocks, the popular brokerage app is riding its Trump bump into the S&P 500 and beyond.

Italy plans to increase by 50% a levy on foreign income for wealthy new residents who’ve flocked to the country to take advantage of the tax break.

There are a lot of canaries in this coal mine all of a sudden.

With proposals for a 450-foot statue of Prometheus and a 650-foot George Washington, a new class of monuments men are statue-maxxing.

Being a millionaire isn’t what it used to be. This isn’t a lament, it’s a fact: As Bloomberg News reported last week, almost one-fifth of US households have a net worth of more than $1 million. Fully one-third of them have gained that status since 2017.

The Perrodo oil billionaires’ family office is exploring new residential property deals in the US, reflecting the firm’s growing status as a major real estate and private equity investor.

New York-based investment firm Nahla Capital bought the Raleigh hotel and condo development in Miami Beach for roughly $270 million, according to people familiar with the matter.