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Gold prices held steady on Thursday, hovering near the record high hit the day before, helped by expectations of further U.S. rate cuts and political uncertainty.David Gray | Afp | Getty ImagesAmid global economic turbulence, the prices of precious metals have been climbing higher and higher.The price of gold in particular has skyrocketed over the past year, rising more than 50%. For midsize jewelry companies aiming to offer fine gold necklaces, earrings and more at lower price points than legacy luxury jewelry brands, gold futures could be spelling trouble.Though gold is often subject to market fluctuations, investors have been increasing…
by Mia Taylor Last updated: 6:10 PM ET, Mon October 6, 2025 Move over wellness travel, here comes longevity travel.Not yet acquainted with that term? Now is the time to familiarize yourself because according a panel of industry insiders and experts who spoke at the recent Luxury Summit in Las Vegas (part of the IMM Lux conference), longevity travel is the trend to watch in 2026. “Next year we will be talking about longevity travel,” Melanie Brandman, founder and CEO of Brandman Agency, told a room full of media and public relations professionals. “If you look at what’s going on…
The scourge of modern concrete is, perhaps surprisingly, rust. Most concrete structures are laced with steel rebar to add strength, but if the metal corrodes, it can cause the concrete to fail prematurely. Bridges, which are exposed to water and salt, are some of the most vulnerable. About one third of bridges in the United States need to be repaired or replaced, which could cost nearly $400 billion over the next decade. There are plenty of ways engineers cope with rust, from coating the rebar with epoxy to pouring extra concrete to buy some time before seeping water reaches the…
I just cleaned out and filled a couple of birdfeeders to help my migrating backyard buddies fuel up for their long journeys south. And I’ll keep it well-stocked with high-energy seed mix throughout winter to feed the non-migratory birds that tough it out until spring in my suburban New York garden. After all, it’s now, when the garden is slowing down, that birds need us the most. Providing sustenance is one of several ways that we can support them.When selecting road food (sky food?) for birds, I always seek out options that provide high-quality sources of fat and protein, like…
NEW YORK (AP) — Fiction by Rabih Alameddine, Megha Majumdar and Karen Russell and a memoir of family tragedy by Yiyun Li are among this year’s finalists for the National Book Award. On Tuesday, the National Book Foundation a nnounced five nominees in each of five competitive categories, narrowing long lists of 10 unveiled last month. Winners, each of whom receive $10,000, will be revealed during a Nov. 19 dinner gala in downtown Manhattan. Honorary awards will be presented to fiction writer George Saunders and author-publisher Roxane Gay. Majumdar is a fiction finalist for “A Guardian and a Thief,” her…
LOS ANGELES (AP) — Thirty paintings created by the bushy-haired, soft-spoken Bob Ross will soon be up for auction to defray the costs of programming for small and rural public television stations suffering under cuts in federal funding.Ross, a public television stalwart in the 1980s and ‘90s, “dedicated his life to making art accessible to everyone,” said Joan Kowalski, president of Bob Ross Inc. “This auction ensures his legacy continues to support the very medium that brought his joy and creativity into American homes for decades.”Bonhams in Los Angeles will auction three of Ross’ paintings on Nov. 11. Other auctions…
A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox.At Ares Management’s analyst day last month, the alternative asset manager quietly bumped up its three-year fundraising targets by 25%.CEO Michael Arougheti told CNBC the change was due to better-than-expected momentum among individual, wealthy investors.A recent survey by State Street found that the “retail revolution” will drive more than half of the private market flows in the next few years, a seismic shift from traditional…
by Lacey Pfalz Last updated: 2:00 PM ET, Mon October 6, 2025 Hilton has launched its 25th brand, the Outset Collection by Hilton, a lifestyle brand that prioritizes boutique hotels, with bookings available this November. The new brand will offer over 60 hotels at launch, with up to 500 hotels joining the brand across the United States and Canada alone. All hotels in the portfolio will be part of Hilton Honors. The Outset Collection differentiates itself from Hilton’s other brands by offering unique stays in unique places, from an adventurer’s basecamp in Moab to boutique ACME Hotel Chicago. Each property in…
Elon Musk’s AI company, xAI, now has a new chief financial officer: Former Morgan Stanley banker Anthony Armstrong, the Financial Times reported, citing anonymous sources. Armstrong, who previously advised Musk during the Twitter deal, will oversee the finances of both xAI and X, which were merged in April, the report said. The former banker has been working with xAI for several weeks and was only recently appointed as CFO, the FT added. xAI has been without a CFO since its previous finance head, Mike Liberatore, left the company in July, and Armstrong’s appointment follows a slate of high-profile executive departures…
A sold sign is posted in front of a home for sale on Aug. 27, 2025 in San Francisco, California.Justin Sullivan | Getty ImagesA version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.Real estate investors, both individual and institutional, bought one-third of all single-family residential properties sold in the second quarter of 2025. That is an increase from…