In an era marked by rapid advancements in technology, regulatory bodies like the Commodity Futures Trading Commission (CFTC) find themselves navigating uncharted waters. Rostin Behnam, the chairman of the CFTC, recently addressed key issues at DC Fintech Week in Washington, D.C. The agency is facing profound challenges, particularly regarding the legality of contracts that allow
Wealth
In recent years, the higher education landscape has undergone a profound transformation, evidenced by a noticeable decline in the number of high school graduates opting for traditional four-year colleges. Despite an increase in eligibility for federal financial aid, particularly through the Pell Grant program, fewer students are choosing to pursue what was once considered the
In a rapidly transforming technological arena, Chinese smartphone manufacturers are taking significant steps in enhancing their devices through the integration of artificial intelligence (AI). This move not only represents a leap in innovation for local consumers but also serves as direct competition against established players like Apple. With the anticipated launch of Apple Intelligence on
Recent trends in philanthropy unveil a significant transformation in how young wealthy individuals approach charitable giving. Unlike their predecessors, millennials and Generation Z are prioritizing engagement and activism over mere financial contributions. A revealing survey conducted by Bank of America Private Bank indicates that these affluent individuals, typically under 43 years old, participate actively in
Rolls-Royce, a name synonymous with opulence and excellence in automotive design, is making an ambitious leap into the world of extreme personalization with the launch of its first U.S. “Private Office.” Tucked away in Manhattan’s chic Meatpacking District, this innovative VIP design studio is part of the brand’s strategy to prioritize higher-value sales over sheer
Laurene Powell Jobs, an influential figure in both philanthropy and investment, has recently intensified her focus on artificial intelligence (AI) through her family office, the Emerson Collective. This organization, which operates at the confluence of investment and social change, has significantly ramped up its investment activities in AI startups since 2022. Data sourced from the
A recent UBS survey reveals intriguing voting intentions among millionaire investors, highlighting the dichotomy between electoral choices and economic perceptions. While a significant 57% of wealthy investors are inclined to cast their votes for Vice President Kamala Harris this November, 43% still favor former President Donald Trump. This statistic is particularly striking given that the
The recent trends among family offices—the private investment entities of affluent families—signal a stark shift in their investment approach as we transition into 2024. A new survey from Citi Private Bank paints a picture of optimism, with family offices emerging from a period of cash hoarding and recessionary fears. This newfound bullishness reflects an appetite