Multimillion-Dollar Restaurant CEO Scaled Back His Luxury Spending on Range Rovers and McLarens Amid Economic Uncertainty
Multimillion-dollar restaurant CEO used to splurge on Range Rovers and McLarens—but he’s reining it in now, because today’s economy makes no sense When the big paychecks roll in after building a successful business, it may be tempting to splurge on designer clothes, luxury mansions, and high-tech gadgets. When Derrick Hayes—an entrepreneur who grew up in […]
Housing Market: Leading Economist Issues Stark Warning as Homebuilders’ Resolve Wanes
Housing market: Top economist escalates warning as homebuilders are ‘giving up’ The housing market is getting so weak that it’s poised to become a significant drag on overall economic growth, according to Moody’s Analytics chief economist Mark Zandi. In a series of posts on X last week, he noted that he sent off a “yellow […]