WEALTH

AUTOS

Meanwhile, on Craigslist: Interesting Cars for Sale in the Shadows of the Pebble Beach Auctions

– Among the many highlights of the annual Pebble Beach week are the various car auctions. You know, the ones that make headlines with $30-million Ferraris and Bugattis so expensive that onlookers should be charged five bucks just for making eye contact. While those cars are undeniably great, and we know that every year at least some bargains roll across the auction blocks, what’s the everyman to do? Being everymen ourselves, we hit

Report: Apple Is Scouting Locations to Test Its Self-Driving Car

Apple has long been rumored to be working on an electric self-driving car. The tech giant has been caught poaching experts from the automotive industry, with the apparent goal of taking on fellow Silicon Valley darling Tesla. Today, those rumors were furthered by the discovery that Apple has been working to find a suitable location to test its apparent self-driving car project. – The Guardian reports that a public records

Everything, All the Time: 2015 BMW X5 M Tested

-The BMW X5 M is a perplexing vehicle. Viewed through the eyes of a purist, it is everything a sporting BMW shouldn’t be. Which is to say it’s huge, heavy, and—duh—an SUV. On the other hand, it is also very fast, an attribute that appeals very much to our primal instincts. READ MORE ›› –

REAL ESTATE

Sweltering? Here are 10 Hacks for Living Without AC

Filed under: Home Improvement, How To, Renting Shutterstock / ChameleonsEye By Michelle Hainer No AC? No problem! With these hacks, you can keep cool this summer — and keep your electric bill down. When the temperature creeps past 90 degrees on a hot summer day, it’s natural to regret the decision to rent a place without air conditioning or own a home without AC installed. But don’t despair. With these

Christie fundraiser to be hosted by hedge fund billionaire Cohen

(Reuters) – Billionaire hedge fund manager Steven A. Cohen will host a fundraiser Saturday for Republican presidential hopeful Chris Christie in New York’s summer playground of East Hampton, according to an invitation seen by Reuters. The $2,700-a-pop luncheon at Cohen’s mansion will not be the first time that he has shown support for the New Jersey governor as he seeks the Republican Party nomination for the November 2016 election. Real

Serena and Venus Williams Sell NYC Loft for $2.1 Million

Filed under: Celebrity Homes, Selling Getty ImagesWorld No. 1 Serena Williams will attempt to win the Grand Slam at the U.S. Open in New York in September. By Melissa Allison Serena Williams raked in more money than almost any other female athlete this year, and now she has a little real estate dough to go with it. Williams and her sister, Venus, just sold their 1,800-square-foot Manhattan loft for $2.1

Canada housing agency sees overvaluation, low overheating risk

By Andrea Hopkins TORONTO (Reuters) – While Canada’s overall housing market is at low risk of overheating, its largest city, Toronto, is at high risk of overvaluation, the federal housing agency said on Thursday in a report that highlights the nation’s uneven real estate market. Amid concerns that bubbles are growing in several cities, the Canada Mortgage and Housing Corp said Toronto, Winnipeg and Regina show high risk of overvaluation,

Mortgage Rates Remain Low Despite Prospect of September Hike

ZillowThe weekly mortgage rate chart illustrates the average 30-year fixed interest rate in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed home loans rose this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.77 percent, up 2 basis points from the same time last week. The 30-year fixed rate rose Wednesday, then returned to the current rate and stayed there for the rest of

LUXURY

Madison Avenue BID sees luxury retail growth in H1

Madison Avenue New York high street Madison Avenue saw the opening of 11 retailers in the first half of the year. Between Jan 1. and June 30, Madison Avenue saw new openings including boutiques, art galleries and spa facilities, motioning that the retail stretch between East 57th Street and East 86th Street is popular among consumers and brands. New York real estate is notoriously expensive, with the priciest retail street

The Met’s “China: Through the Looking Glass” may outpace McQueen retrospective

Roberto Cavalli gown on display at The Met The Metropolitan Museum of Art’s Costume Institute has announced the expansion of its current exhibit “China: Through the Looking Glass” through Labor Day Weekend. China: Through the Looking Glass opened on May 7 and explores the influences Chinese culture has had on Western high-fashion through a juxtaposition of couture and avant-garde fashion pieces with Chinese art and cultural artifacts. While many brands

Krug turns the “humble” into sophisticated in potato cook-off

I say potato, you say potato LVMH-owned Champagne house Krug is having international chefs say potato with a culinary challenge. Krug has recruited 15 world-renowned chefs to pair its Grande Cuvée Champagne with potatoes in creative and innovative ways. Krug often emphasizes that its Champagnes pair well with a variety of foods such as lobster and even traditional pub grub, fish and chips. Start your fryers The 15 chefs taking

Luxury’s slowed growth forecast: How brands can come out on top

Patrick Lorentz is strategy director at The O Group By Patrick Lorenz The Boston Consulting Group recently announced its prediction that luxury sales growth will slow to single digits over the next 10 years. Strong sales figures from China have played a huge part in the industry’s near double-digit growth year-over-year for the past decade. With Asian luxury consumers reeling in their spending, and luxury consumers holding steady throughout the

EU fashion sector sees sales loss of 9.7pc due to counterfeiting

Gucci fall/winter 2015 campaign Each year, more than $28.5 billion in profits is lost in the European Union due to counterfeit apparel and accessories, according to a new report by the EU Observatory. The “Quantification of IPR Infringement” report, which looks at the cosmetics and personal care sector as well as apparel and accessories, dissects the economic impact counterfeit goods have on employment in intellectual property rights intensive industries and how