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Growing up outside Boston, I loved the city’s arts and culture scene. Loading audio narration… Spending weekends in bookstores and thrift shops, hunting for unique vintage clothes, made me feel cosmopolitan — worlds away from my homogenous suburb. As a queer kid, that was a lifeline.In fact, I loved this energy so much that I eventually decided to move to big cities like New York and San Francisco, before settling closer to the heart of Boston.However, the older I got, the more I started to see things differently. Between the high cost of living and Boston’s aggressive drivers, I found…

The future of the nation’s biggest bank might mean fewer bankers.JPMorgan CEO Jamie Dimon said that AI will impact “every job,” and change the balance of his more than 300,000-person workforce in an interview with Bloomberg that aired on Wednesday.”I think it’ll reduce some of our jobs down the road,” he said. “I think we’ll be hiring more AI people and probably less bankers in certain categories.”He agreed that AI efficiencies will lead to downsizing when asked, but said that similar patterns have been happening throughout his life. Dimon said that JPMorgan sees about 10% attrition each year, equivalent to…

LIV Golf is preparing to take its updated business plan and investor pitch on the road as soon as Thursday, in an effort to raise fresh capital to continue operations past the end of the current season, people familiar with the plans told CNBC. The upstart golf circuit will be seeking financing in the range of $250 million to $350 million from potential investors, according to the people, who requested anonymity given the confidential nature of the discussions. The capital raise plans are being taken to market by boutique investment bank Ducera Partners, which is advising LIV Golf. Parts of…

Ram Rumble Bee launches with the 5.7-liter Hemi V-8 (left), with availability starting late 2026; Rumble Bee 392 (right) and Rumble Bee SRT (center) arrive in the first half of 2027.Courtesy: Ram TrucksAUBURN HILLS, Mich. — Stellantis plans to increase its North American sales by 35% by 2030, including by reviving its beleaguered Chrysler brand that has relied on one product for several years. The expected growth, focused on its traditional U.S. brands, is targeting 60% sales increases for Chrysler and Ram Trucks; 10% for its Dodge performance brand; and 15% for Jeep. It did not disclose targets for Fiat…

Two things prompted my move from Michigan to Colorado in 2017: the mountains and a tight-knit group of friends that loved the outdoors as much as I did. Loading audio narration… As a 20-something hiker who couldn’t get enough trail time, my hometown started to feel stifling, like the state lines were confining my happiness. After backpacking the 2,200-mile Appalachian Trail in 2015, Denver felt like the promised land, so I moved.Within a year, half a dozen hiking friends followed, planting themselves in the foothills alongside me. But thanks to the rising costs, the community I built didn’t last long.Moving…

Walmart says it managed to keep prices steady in the face of rising fuel costs last quarter by taking a $175 million hit to profit growth. Loading audio narration… That might not last.Chief Financial Officer John David Rainey said the company is facing hundreds of millions in new energy costs this year, which would lead to price hikes later in the year if fuel costs don’t come down soon.”We’re confident this was the right approach to reinforce customer trust and support share gains over the long term,” Chief Financial Officer John David Rainey said Thursday on the company’s first quarter…

Andrew Garfield was trying to promote his new movie when Stephen Colbert made him cry on national television. Loading audio narration… Garfield had ostensibly joined “The Late Show with Stephen Colbert” in 2021 to discuss his Netflix musical, “Tick, Tick… Boom!” He began by hitting all the usual talking points: his preparation for the role, his dynamic with the film’s director, Lin-Manuel Miranda, and the tunes he was tasked with singing onscreen.Colbert gamely bantered with the actor, drawing out goofy anecdotes, an impromptu a capella performance, and, of course, plenty of laughs from the audience.Then, as their conversation neared its…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Public stocks are the largest and fastest-growing asset class for family offices, while their real estate assets are shrinking, according to the new CNBC Family Office Portfolio Tracker.Family offices now manage over $5.5 trillion in wealth globally, rivaling hedge funds in total assets. Yet because family offices – the private investment arms of ultra-wealthy families – aren’t required to disclose their investments, their portfolios are largely secret.CNBC has teamed…

AUBURN HILLS, Mich. — Stellantis said Thursday it plans to invest 60 billion euros (US$69.7 billion) under a new five-year strategic plan by CEO Antonio Filosa that also targets annual cost savings of 6 billion euros by 2028.The plan includes putting 36 billion euros toward the company’s massive portfolio of automotive brands, with 60% of the investment expected for North America. The company expects to introduce more than 60 new vehicles and conduct major refreshes of 50 models, including all-electric vehicles, hybrids and traditional internal combustion engines. The other 24 billion euros will be put toward global vehicle platforms and…

Carolina Panthers owner David Tepper looks on before the game against the Atlanta Falcons at Mercedes-Benz Stadium on January 05, 2025 in Atlanta, Georgia. Kevin C. Cox | Getty Images Sport | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.Private investment firms of the ultra-wealthy doubled down on chipmakers in the first quarter of 2026 despite pressures from the Iran war, according to securities filings analyzed by CNBC. Several family offices also leaned…