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The UK is poised to lose more millionaires in 2025 than any other country — a dramatic reversal for a nation long seen as a hub for the world’s rich.According to the Henley Private Wealth Migration Report 2025, Britain is set to lose a record 16,500 millionaires this year — more than double the projected net outflow from China, which has held the top spot every year for the past decade.This marks the highest millionaire exodus ever recorded from any country since Henley & Partners and global wealth intelligence firm New World Wealth began tracking the data 10 years ago.”2025…

When my husband and I signed our new lease, we were pumped for a fresh start. We were in our mid-20s and ready for a new adventure, but who knew we’d be stepping into one of the most expensive mistakes of our lives?It all started last April when we felt the itch for change. We wanted to remain in the same city because it was close to family, but our current routines felt draining. We’d also just faced a lengthy insurance claim and repair costs from severe storm damage.We thought: What if we could sell our starter home to pay…

US cities are getting more and more expensive to live in.The likes of New York, Boston, and San Francisco are catching up with their Swiss counterparts, the Deutsche Bank Research Institute’s annual Mapping the World’s Prices report found. Authors tracked the cost of living in 69 cities relevant to financial markets by standardizing the cost of goods and services and converting all amounts into dollars.”When we launched this report in 2012, US cities were relatively cheap compared with their developed market peers, with costs of goods and salaries generally outside the global top 10,” wrote Jim Reid, the bank’s head…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldUS Senator Elizabeth Warren has demanded that some of the country’s biggest private investment groups give up information about their lobbying efforts to secure tax breaks in Donald Trump’s spending bill, as debate intensifies about the landmark legislation’s winners and losers.The senator from Massachusetts, one of the leaders of the Democrats’ liberal wing, called on Blackstone, KKR, Apollo Global Management, Bain Capital and Thoma Bravo to provide details on any lobbying and political contributions intended to maintain “special-interest tax loopholes”.“It…

Utah Archers Midfielder Tre Leclaire (44) carries the ball during the Premier Lacrosse League Cash App Championship between the Maryland Whipsnakes and the Utah Archers at Subaru Park in Chester, Pennsylvania, on Sept. 15, 2024.Terence Lewis | Icon Sportswire | Getty ImagesESPN is renewing its media deal with the Premier Lacrosse League and taking an equity stake in the organization.The five-year deal will begin with the 2026 season and include all PLL regular-season games as well as All-Star, playoff and championship games. The deal comes as pro lacrosse has seen gains across broadcast, partnerships and attendance. It will also be…

The US has flirted with the dreaded S-word for much of this year, and it’s not out of the woods yet. That’s according to Torsten Sløk, the chief economist at Apollo Global Management who thinks the US is at a critical inflection point for stagflation, an dire scenario in which economic growth slows while inflation remains high.That problem is often regarded as even harder for policymakers to solve than a typical recession, as higher inflation can prevent the Fed from cutting interest rates to boost the economy.The scenario has largely been triggered by President Donald Trump’s tariffs, Sløk wrote in…

Emil Bove, then Donald Trump’s personal attorney, looks on at Trump’s sentencing hearing in front of a New York state judge at Manhattan Criminal Court on Jan. 10, 2025, in New York City. Angela Weiss/Pool/Getty Images hide caption toggle caption Angela Weiss/Pool/Getty Images The White House describes Emil Bove as an ideal nominee for a position on the federal courts. And that’s exactly what critics fear. Bove spent years as a federal prosecutor, registering convictions and generating complaints about his work before he left to defend Donald Trump through four criminal indictments. More recently, he’s had a hand in some…

This as-told-to essay is based on a conversation with a Microsoft employee in their 20s who works in an AI-related role. They discussed how their work experience relates to a trend some have called the “Great Flattening,” which refers to corporate efforts at companies like Google, Walmart, and Microsoft that have led to a reduction in middle managers or an increase in the number of direct reports per manager. The employee is based in the US and has been granted anonymity to speak candidly about their experience. The following has been edited for length and clarity.When I started at Microsoft,…

Jennifer Knoll got the first email from Zillow shortly after 5 p.m. on a Wednesday in late May. The next day, she received another. By the time the weekend arrived, she had three warnings from the home-search giant sitting in her inbox.Knoll has been helping people buy and sell houses in the Washington, DC, area for roughly two decades, the last six of which she’s spent as an agent with the real estate brokerage Compass. But with the flurry of messages from Zillow, she found herself in unfamiliar territory: The most popular real estate website in the country was threatening…

If you don’t like reading books about your career, you should choose another one, according to Ken Griffin.In an interview with S&P Global released on Tuesday, Citadel’s founder and CEO said that young graduates need to read about the domains they are in and change careers if they don’t find those books interesting.”Stay current in the body of knowledge that represents the career you’ve chosen,” Griffin said. “And by the way, if it’s not interesting to you, you picked the wrong career. It’s that simple.”Griffin, who founded Citadel in 1990 — a year after graduating from college — added that…