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New signs of a slowdown in high-end spending are emerging as two luxury leaders — Hermes and Richemont — forecast slower sales or smaller profits.
"The rich have gotten richer and the poor have gotten poorer," the EPI reports.
Rich investors have been pouring more money into private equity to avoid a potential stock market downturn.
Sotheby's on Saturday sold a bottle of cognac for $134,750, making it one of the most expensive ever auctioned.
The move, which was prompted by the launch of a new strategy, gives existing clients a significant increase in their stakes in the fund.
There are some lessons to extract from the financial behavior of the wealthy. All of them have certain habits whereby they save money.
How Warren Buffett, Mark Cuban and other highly successful people start their days.
These schools have produced a striking number of today's billionaires.
Hillary Clinton hauled in $143 million in August for her presidential bid and the Democratic party, her best month yet.
Russia is the most unequal major economy in the world, with almost two-thirds of its wealth controlled by millionaires, a wealth research company has said.
Latest players to use the iconic Walkman brand, which dates back to 1979, comes in two models - the WM1Z and WM1A.
Sales of million-dollar homes are softening. It's not a correction, but the result of stock volatility and an oversupply of luxury homes.
Warren Buffett has averaged a gain of wealth of $2 million per day — for every day of his life.
In a recent report, GOBankingRates determined the most financially successful states in America.
The hip-hop mogul says his job is to hire people who are smarter than him to help execute his ideas.
A one-time janitor and gas station attendant demonstrated that you can become a multimillionaire with a modest salary.
A company recently won government approval to land on the moon, but private exploration faces a bigger legal question: Who owns outer space?
Rafael Nadal, the world's No. 5 tennis player, likes to keep his meal plans simple.
The latest Forbes numbers came out this week, showing the highest-paid actors and actresses, but they don't match up with top performance
Tiffany reported an unexpected rise in profit, driven by lower raw material costs, price hikes and high-margin jewelry sales.
The rationale for a contract guaranteeing income while allowing for potential growth in markets remains intact.
Cybersecurity is steadily, if slowly, growing and venture capitalists and average investors are getting interested.
Investors pay an average 3.5 percent annually in advisor fees, but many don't know how much they pay or what they get.