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The global wealth boom is fueling the creation of record numbers of family offices. It also comes with its own problem of scammers. Fundraisers and scammers are posing as family office representatives to scam gullible investors, but some are just in it to “pump their egos,” several industry veterans told CNBC. “Fake family offices are rapidly increasing,” said Ronald Diamond, who runs Diamond Wealth, a co-investment syndicate of more than 100 families. “There’s all the money in family office space right now. So every bank, every law firm, every accounting firm wants a piece of (that money). So if you…
Ripple Labs has become one of the world’s largest crypto companies, but its management team is much more than that, CEO Brad Garlinghouse told CNBC. Over the past year, the company has ramped up its efforts to bridge the Web3 world with traditional finance, an industry long seen as Web3’s foil.In an interview with CNBC’s “Crypto World” at the Ripple Swell 2025 conference in New York, Garlinghouse said his company aims to capitalize on the growing institutional adoption of digital assets to offer a wide range of traditional financial services built on blockchain infrastructure.Blockchain is a distributed digital ledger that…
Traders at work at the New York Stock Exchange on November 3, 2025. new york stock exchangeof S&P500 It rose on Monday after senators took a key step toward a potential deal to end the historic U.S. government shutdown.The broader market index rose 1.1%; Nasdaq Composite It advanced by 1.8%. of Dow Jones Industrial Average It rose by 182 points (0.4%).Nvidia, broadcom Other artificial intelligence bull market leaders led the rally as the possibility of an end to the shutdown put investors back in a risk-taking mood. microsoft The stock also rose nearly 1%, on pace to end an eight-day…
Google Maps is adding new AI features such as Builder Agent and MCP Server (a tool that connects the AI Assistant to Google Maps technical documentation) to help developers and users create interactive projects using Maps data and code. The company said it is using Gemini models across the board to enhance these features. Among these new tools, Builder Agent is a tool that, like many other coding tools, allows you to write a text description of the type of interactive map-based prototype you want to build and then create it. For example, you can type “Create a street view…
Hong Kong — A Chinese coffee chain has apologized and changed its name after state media promoted it as misusing a word respected by China’s Communist government. People’s Cafe is decorated mostly in bright red, often with stars painted on its storefronts, reminiscent of the Chinese Communist Party’s aesthetic. It also uses a typeface inspired by the calligraphy of China’s first communist leader, Mao Zedong. The company apologized on Saturday, days after state media named it as participating in a “contraption economy.” As in many officially communist states, the term “people” (“people” in Mandarin) is used liberally and seriously by…
Jessica Alba and Danny Ramirez kick off their relationship in earnest with sweet new photosJessica Alba made it official with Honey. The Dark Angel alum and her boyfriend, Danny Ramirez, made their relationship official on their respective Instagram accounts four months after debuting their relationship in July with a photo from the Nov. 8 Baby2Baby Gala (and also the first tagged photo of each other). In her Merry-Go-Round post, Jessica sported a strapless black dress with a diamond Cartier snake necklace as she posed with Serena Williams, Olivia Munn, Kerry Washington and Alicia Keys. But perhaps most notable was the…
Panoramic view of Busan, South Korea, taken at sunrise.Alex Veplik | Moments | Getty ImagesAsia-Pacific markets rose on Monday after concerns over artificial intelligence valuations spurred market declines across the region last week.Asian investors were also analyzing October inflation data released by China over the weekend, which was better than expected.The headline consumer inflation rate was 0.2% year-on-year, compared to zero growth expected by economists compiled by Reuters. The wholesale inflation rate was expected to decline by 2.2% from the previous year, but it fell by 2.1%, a slower-than-expected decline.Korean Kospi Banking and insurance stocks led the way, rising 3.02%…
The Instacart logo will appear on your smartphone and PC screen.Pablo Gonchar | SOPA Images | Light Rocket | Getty Imagesinstacart The company posted its highest third-quarter revenue and announced a positive outlook under new CEO Chris Rogers.Inventories on grocery delivery platforms were flat.Here’s how the company performed against LSEG’s estimates:Earnings per share: 51 cents adjusted vs. 49 cents expected Earnings: $939 million vs. $934 million expectedSales increased 10% from $852 million in the same period last year. Total transaction value, which measures the value of goods sold, rose 10% to $9.17 billion from $8.3 billion a year earlier, beating…
Reuters — At least eight people were killed in an explosion near the landmark Red Fort in a densely populated area of India’s capital, New Delhi, city police said. The explosion occurred in a car near the Red Fort, but the exact cause was not immediately known and an investigation is currently underway, city police spokesperson Sanjay Tyagi said. Local television stations said at least 11 people were injured. Footage from local media showed flames and smoke billowing from several vehicles on a busy street near a metro station in Old Delhi. At least six vehicles and three auto-rickshaws were…
Tua Tagovailoa, Miami DolphinsAfter his fifth-year option was picked up by the Dolphins in March 2023, Tua admitted to reporters that he was considering retiring after the injury-plagued 2022 season. And most of all, he had so many great things to do at home. “No one ever made my private life public. But this is worth posting,” Tua wrote on July 17, 2023, sharing a one-off snap of his beloved Anna Tagovailoa. “Happy one year anniversary to my beautiful wife. I love you.” Tua gave a rare glimpse into the world off the field in November 2022, telling reporters he…