Sunrise over Hong Kong’s Sky 100 Observation Deck. Anuchit Kamsongmueang | Moment | Getty Images Asia’s ultra-high-net-worth population declined by about 10.9% last year, marking the largest regional drop in the world, a report by data firm Altrata showed. “Asia’s ultra wealthy population fell by 11% in 2022, the most of any region, to 108,370
Wealth
The Maharajas of India’s past built magnificent palaces as a symbol of their power. But in 1971, India abolished “privy purses,” or governmental payments made to these rulers. Several of them transformed their vast estates into heritage hotels, or leased them to renowned hotel chains which carefully restored them to their former glory. From the
Most people imagine reaching their career goals will result in lifelong happiness. The opposite was true for Airbnb CEO Brian Chesky. For Chesky, the goal was an IPO, he recently told Dax Shepard’s “Armchair Expert” podcast. Even as Airbnb’s popularity and private valuation soared throughout the 2010s, Chesky didn’t feel successful, he said — and
It may have seemed like a good idea at the time. In an apparent attempt to create a shortcut, two people allegedly used heavy machinery to remove a sizeable section of the Great Wall of China in Shanxi province, according to an online notice by local authorities. The duo used an excavator to widen a
I’ve been a professor of economics for nearly 40 years. My goal has always been to make the subject as accessible as possible for everyone, on both a personal and global level. One of the biggest lessons I share with my students — and people who ask me for personal finance tips — is that
Hundreds of millions of people have crypto investments. A new report shows how many crypto millionaires and billionaires exist. Antonio_diaz | Istock | Getty Images Hundreds of millions of people around the world have some form of crypto holdings, whether that is in bitcoin or one of the many other digital currencies. To be exact,
Yearning for a good night’s sleep? Join the club. Globally, more people searched about sleep this year than ever before, according to data released by Google Trends last week. People are turning to the internet to learn about bedtime routines, sleep positions and to understand — “Why am I so tired all the time?” —
An image of the Honor V Purse. Chinese smartphone giant Honor showed off the concept device at the IFA technology show in Berlin as it looks to highlight its innovation. Honor Chinese smartphone firm Honor on Friday unveiled a concept smartphone designed to be worn like a handbag. The concept phone, displayed at the IFA
Prospective buyers visit an open house for sale in Alexandria, Virginia. Jonathan Ernst | Reuters With record-high home prices and soaring mortgage interest rates, homeownership has become increasingly unaffordable — and hidden costs can surprise first-time buyers, experts say. Indeed, everyday home expenses, including utility bills, property taxes, insurance and home maintenance, cost the average
Powerball’s jackpot has risen to a sizable $420 million ahead of Saturday night’s draw, although the take-home amount will vary based on your choice of payout and the state taxes where you live. There are two payout options when you win the jackpot: The amount spread out over 30 years as an annual payment, or
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