Number of millionaires to soar globally but plunge in the UK, research finds
The 2024 Global Wealth Report from UBS forecasts a continued increase in the number of millionaires, with the U.K. a notable outlier.
Suspected carjacker shot outside home of Supreme Court Justice Sonia Sotomayor
An officer tasked with protecting Supreme Court justices’ homes shot an alleged armed carjacker near the residence of Sonia Sotomayor, authorities said.
It suddenly looks like there are too many homes for sale. Here’s why that’s not quite right
Inventory of both new and existing homes is finally rising, but the supply of newly built homes appears to be way too high.
UiPath to lay off 10% of workforce in companywide restructuring
Software developer UiPath will cut 10% of its workforce, or about 420 jobs, as part of a broader company restructuring.
Senators seek special counsel probe of Supreme Court Justice Clarence Thomas
Justice Clarence Thomas “secretly accepted gifts and income potentially worth millions of dollars,” the Democratic senators said evidence suggested.
Watch Fed Chair Jerome Powell testify live before Senate banking panel
Powell speaks Tuesday to the Senate Banking Committee as part of his semiannual address to Congress on monetary policy.
Go long Hilton and Walmart: HSBC’s stock strategy for playing the divided U.S. consumer
A K-shaped recovery means stocks that cater to high-end consumers, as well as those focused on value creation for lower incomes, are HSBC’s top picks.
Etsy CEO says company is escaping ‘race to the bottom’ and getting back to its artisan roots
Etsy is making policy changes as it faces pressure to compete with Amazon and emerging e-commerce players Temu and Shein.
At least 7 dead and more than 2 million without power in Hurricane Beryl aftermath
Beryl is now a tropical depression, but more than 21 million people are under flood watches from Arkansas to Michigan as it continues to moves northeast.
San Francisco’s AI boom can’t stop real estate slide, as office vacancies reach new record
Office vacancies in San Francisco hit another record in the second quarter, and rent prices fell to their lowest since 2015, according to Cushman & Wakefield.
