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☆ BRICS nations to see highest surge in millionaire count over the next decade — exceed the rise in G7 countries
▼ + stars: | 2024-02-15 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Millionaire count in the BRICS countries — which together hold $45 trillion in investable wealth — is forecast to rise by 85% over the next 10 years, the investment migration consultancy noted in its report published in partnership with global intelligence firm New World Wealth. The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally. "The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally," Andrew Amolis, wealth analyst at New World Wealth told CNBC. The UAE followed in third place with a 77% wealth growth. Other members in the BRICS coalition, such as South Africa and Iran, have seen a decline in their millionaire populations since 2013.

Persons: Michel Temer, Vladimir Putin, Xi Jinping, Jacob Zuma, Narendra Modi, Andrew Amolis, Dominic Volek Organizations: India's, United, Henley & Partners, Wealth, CNBC, Amolis, European Union, Henley, Partners, UAE Locations: South, Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, United Arab Emirates, Saudi Arabia, Canada, France, Japan, Italy, U.S, United Kingdom, Southeast Asia, UAE

☆ CNBC Daily Open: A bumpy ride to beating inflation
▼ + stars: | 2024-02-15 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Wall Street reboundsU.S. stocks climbed on Wednesday as Wall Street rebounded modestly from the previous session when hotter-than-expected inflation data tanked stocks. [PRO] Berkshire Hathaway's secret betsWarren Buffett's Berkshire Hathaway once again asked regulators to keep its new stock buys a secret.

Persons: Jerome Powell, Dow, Andrew Amolis, that's, Warren Buffett's Berkshire Hathaway Organizations: Federal Reserve, New York Stock Exchange, CNBC, Nasdaq, Henley & Partners, Wealth, Cisco, Berkshire Hathaway's Locations: New York City, U.S, Omaha

☆ CNBC Daily Open: Inflation fight may go down bumpy path
▼ + stars: | 2024-02-15 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Japan's nominal GDP in 2023 totaled 591.48 trillion yen ($4.2 trillion) while Germany's reached 4.12 trillion euros ($4.46 trillion) in the same period. "The 85% forecast for BRICS will be the highest wealth growth of any bloc or region globally," Andrew Amolis, wealth analyst at New World Wealth told CNBC. [PRO] Asia's top picksMorgan Stanley has some stock ideas for February which offer what the bank calls "alpha" opportunities.

Persons: Topix, Dow, Germany's, Andrew Amolis, Morgan Stanley Organizations: CNBC, Nikkei, Nasdaq, Henley & Partners, Wealth, Taiwan Semiconductor Manufacturing Company, Nvidia, Apple, Alpha Locations: Asia, Japan, Germany

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