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WEEHAWKEN, NJ – OCTOBER 5: The sun rises behind buildings along Billionaire’s Row in New York City, as seen from Weehawken, New Jersey, on October 5, 2025. (Photo by Gary Hershawn/Getty Images)Gary Hershawn | Corbis News | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter by Robert Frank, a weekly guide for high-net-worth investors and consumers. Sign up to receive future editions directly to your inbox.New York City’s proposed tax on second homes worth more than $5 million is likely to spark costly legal battles over how the city’s most expensive properties are valued, appraisers…

As Apple struggles to remain competitive in the AI ​​space while navigating tariffs and supply chain uncertainty, the company’s future is about to change under new leadership. Apple announced Monday that John Tarnas will replace Tim Cook as CEO later this year. Mr. Cook turned Apple into a $4 trillion global powerhouse, expanded its services business and oversaw some of the most profitable years in technology history. Ternus brings a different kind of skill set. The longtime hardware executive has spent his career building Apple devices rather than managing the broader business. Ternus joined Apple in 2001 and rose through…

Ohio gubernatorial candidate Casey Putsch speaks with supporters at a campaign event in Toledo, Ohio, on Thursday, April 9, 2026. He is far behind in the polls, but Putsch is part of a nationwide message of economic populism and is promoting “right to repair” legislation.Sue Ogrocki | APIt used to be that if your iPhone or Galaxy was damaged, you were at the mercy of Apple or Samsung to get it fixed as manufacturers snowed customers with a blizzard of unattainable proprietary parts and software diagnostics. But that pain hasn’t been limited to smartphones, and a legal movement challenging who…

The US naval blockade of Iran has severed the Islamic Republic’s main economic corridor, leaving Tehran facing an impending oil storage crisis and its population struggling with soaring food prices and soaring unemployment. But unless the United States is prepared to continue its naval blockade for many more months, it will be difficult to completely dismantle Iran’s economy, which has spent years adapting to American pressure and crippling sanctions. And as much as Iran is suffering, Iranian leaders are likely aware that the pressure is on Trump as well, as the US president faces a growing backlash at home over…

procter and gamble on Friday reported quarterly profit and sales that beat analysts’ expectations as product sales volumes increased for the first time in a year.But looking ahead, executives warned of uncertainties posed by the war with Iran, including the impact on the company’s input costs and consumer spending. P&G will not release its outlook for fiscal 2027 until its next financial report in July. “We are very pleased that we no longer need to provide guidance today (for 2027),” Chief Financial Officer Andre Schulten said in a Friday earnings call. “Because with what we know today, what do we…

Every major technology conference has a theme. Most of the time, it’s so vague that it means everything and nothing at the same time. SusHi Tech Tokyo 2026 is doing something different. There are four precisely defined technology areas, each backed by live demonstrations, dedicated exhibition floors, and sessions featuring the people who are actually building and funding these technologies around the world. TechCrunch is partnering with SusHi Tech Tokyo 2026 as an official media partner, and the Startup Battlefield team will be on-site to select one outstanding semi-finalist from the SusHi Tech Challenge to advance to one of the…

Check out the companies making the biggest premarket moves: Intel — Shares rose nearly 27% after the chipmaker reported first-quarter profits that beat Wall Street expectations. Intel posted adjusted earnings of 29 cents per share on sales of $13.58 billion, while analysts surveyed by LSEG had expected earnings of 1 cent per share on sales of $12.42 billion. Intel’s second-quarter forecast also far exceeded analyst expectations. Procter & Gamble — The consumer products giant soared more than 3% after better-than-expected fiscal third-quarter results. Proctor had adjusted earnings of $1.59 per share on revenue of $21.24 billion. Analysts polled by LSEG…

tesla Owner Mike Nelson has been using an AI chatbot called Grok in his car for several months. He finds it both convenient and almost irresistible and dangerous.Nelson, a lawyer with a background in auto insurance, told CNBC how he uses the Grok on drives around the New York metropolitan area. Nelson said that while he is very happy with his Model Y SUV, he has sued or represented owners who have sued Tesla in more than 10 lawsuits.The in-vehicle version of Grok, developed by xAI and still in beta, allows drivers to give voice commands to the car’s navigation…

When bombs started falling on Tehran in February, we heard much about the political ramifications, including the death of Ayatollah Ali Khamenei, Iran’s supreme leader. But what about the ordinary people who call the capital home? Maryam Rahmanian, an Iranian-American photojournalist living in Tehran, wants to tell their stories. She took portraits of civilians who decided to stay in the city, asking them what the war meant to them and how it has affected their lives. “Some people had to keep working. Some stayed home and endured the hours in uncertainty. Some were focused on protecting loved ones. Others tried…

The return of white jean shorts in summer 2026 signals a major shift in denim right now. It’s a move away from extreme movements and toward wearable, balanced, and versatile pieces. Once sidelined in favor of longer Bermuda shorts and sporty pull-on styles, denim shorts are making a comeback. This time it’s a more sophisticated mid-length silhouette. like bella hadid I’ve mastered the style of white jeans for spring. white denim This trend continues even into the warmer months. The updated shorts eschew the overly short cuts of the past while also avoiding overly large and heavy shapes. Rather, it…