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Tarpon Island, a private island in Palm Beach, Florida, has sold for $150 million in May 2024.CNBCA version of this article first appeared in CNBC’s Inside Wealth newsletter, a weekly guide for high-net-worth investors and consumers by Robert Frank. Sign up to receive future editions directly to your inbox.Sales of ultra-luxury homes surged in New York, Miami and Palm Beach, Florida, in the second quarter, even as prices declined in many other parts of the world, according to a new report.Real estate firm Knight Frank reported that sales of homes priced above $10 million in the second quarter rose 44…

United Spirits Ltd’s shares were trading at Rs 1,514.3, up 0.68 per cent, as of 11:51 am IST on Tuesday. During trading hours, it touched a high of Rs 1,515.0 and a low of Rs 1,497.7. The stock had a 52-week high of Rs 1,515.0 and low of Rs 981.25. The stock has a return on equity of 19.77 percent. Around 11,708 shares have been traded so far. Its beta, which measures volatility relative to the overall stock market, was 1.06. The stock has performed well in the past one year, rallying 43.52% compared to the Sensex index’s 24.25% gain.…

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, September 9, 2024. Brendan McDiarmid | ReutersStocks @ Night is our daily after-hours newsletter, bringing you the latest on what’s on the horizon for tomorrow and what’s on the horizon for today. Sign up for free to receive it straight to your inbox.Here’s what CNBC producers were watching as stocks surged on Monday, and what to watch in the coming session.Apple’s big iPhone launchapple Apple unveiled its latest iPhones, Apple Watches and AirPods at a highly-anticipated “Glow Time” event on Monday, but investors…

Goldman Sachs CEO David Solomon during an interview on an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” on August 6, 2024 in New York.Gina Moon | Bloomberg | Getty ImagesGoldman Sachs The bank continues to shrink its ill-fated consumer business and is on track to post a pretax loss of about $400 million in its third-quarter results.Chief Executive Officer David Solomon said at a conference on Monday that the sale of Goldman’s GM Card business and a separate loan portfolio will hit earnings when the bank reports results next month.It’s the latest turmoil related to Salomon’s push into consumer…

Americans continue their love affair with cash, despite the Federal Reserve’s expected interest rate cut next week. But experts warn that if they want to lock in attractive yields, they should take action. Money market fund assets hit $6.3 trillion in the week ending Wednesday, another record high, according to the Investment Company Institute. These funds attract inflows due to favorable dividend payout ratios. The seven-day annualized yield of the Crane 100 list of the top 100 taxable money funds is currently at 5.08%. Bank of America expects these inflows to continue even after the Fed starts cutting interest rates.…

Here’s a look at some of the companies that caught our eye in midday trading: Palantir Technologies, Dell Technologies – After Friday’s close, Palantir and Dell soared 14% and nearly 4%, respectively, following announcements that both will join the S&P 500 before the market opens on Sept. 23. Palantir will take over American Airlines’ position, while Dell will take over Etsy’s. Summit Therapeutics – The biotech stock soared about 56% after the company said its lung cancer drug candidate outperformed Merck’s Keytruda in a Phase 3 clinical trial. Merck shares fell about 2% on the news. JetBlue Airways – The…

PN Gadgil Jewellers has raised Rs 3,300 crore from anchor investors by allotting 6,874,000 shares to 25 anchor investors ahead of the open share issue on Tuesday.The shares were allotted at the upper end of the price band of Rs 480 per share. Of the total anchor book, around 3,354,000 shares were allotted to 10 domestic mutual funds through a total of 18 schemes.Some of the notable anchor investors who participated in the anchor round include HDFC MF, Tata MF, Edelweiss MF, LIC MF, Invesco India, Citigroup, etc.The company’s IPO comprises of a fresh issue of shares for Rs 8,500…

Dive Overview: Huntington Bank Expanding in North and South CarolinaThe Columbus, Ohio-based financial institution said Monday that it aims to open 55 branches in those states over the next five years. The first North Carolina branch The first branches are established in Charlotte, Raleigh, and Winston-Salem, and in South Carolina in Charleston, Columbia, and Greenville. With CFO Zach Wasserman Brant Standridge, president of Huntington’s consumer and community banking division. Attending a Barclays meeting. With the expansion, the bank will add about 350 employees across its business units, executives said. “This investment expands our complete relationship-building approach across wealth management, consumer…

A Big Lots store in Los Angeles on Sept. 7, 2024. Discount home goods retailer Big Lots Inc. filed for Chapter 11 bankruptcy protection on Sept. 9, 2024, and said it plans to close about 300 stores while remaining open.Eric Thayer | Bloomberg | Getty ImagesDiscount home goods retailer Big Lots The company filed for bankruptcy on Monday as high interest rates and a sluggish housing market have slowed demand for low-cost furniture and decor. As part of its Chapter 11 bankruptcy filing, Big Lots agreed to sell the business to private equity firm Nexus Capital Management for $2.5 million…