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☆ What screams 'status' on Wall Street? Here's how the movers and shakers of finance are spending their money.
▼ + stars: | 2024-10-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

That said, everyone seemed to agree that the days of logo-forward purchases and other conspicuous signs of wealth are over — even on Wall Street. The industry's movers and shakers are still into name brands but are leaning into those that exude "quiet luxury." And where there are celebrities and influencers, there tend to be Wall Street dealmakers. It's not surprising that high-earners on Wall Street would have second homes (or, in many cases, multiple). The HamptonsThe beach towns of the Hamptons have long been a Wall Street favorite thanks to their proximity to Manhattan.

Persons: —, Ken Griffin, David Solomon, Goldman Sachs, Stephen Schwartzman, Blackstone, Jessica Cadmus, Cadmus, Marie Kondo —, I've, I'd, Zegna, Tom Ford, Claudio Lavenia, Van, Cartier, Jeremy Moeller, Hermes, Gucci, Jeremy Strong, Armani, Max Mara, Celine, Bottega, It's, it's, Sean Zanni, Wall Streeters Organizations: Service, Goldman, JPMorgan, Business, Paris Olympics, Bloomberg, Citadel, Anadolu, Getty, Wall Street, Street, BI, Wall, HBO, Hamptons Locations: Queens, New York, New York City, Africa, Costa Rica, Bottega Veneta, Manhattan, Montauk, Nantucket, Cape Cod, East Hampton , NY, Hudson

☆ Fund manager reveals the under-the-radar global automation stock he prefers to its U.S. rivals
▼ + stars: | 2023-11-21 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

But for those investors who fear they might have missed the boat, portfolio manager Karen Kharmandarian has an under-the-radar global tech pick. "This company would be one we would prefer to U.S. companies when it comes to machine vision systems," Kharmandarian, senior portfolio manager at Thematics Asset Management, told CNBC Pro on Nov. 8. Machine vision systems use cameras and other technology to help automate inspections at manufacturing facilities. Keyence's counterparts in the U.S. include Cognex and Zebra Technologies , which both manufacture machine vision systems and related technologies. 6861.T-JP YTD mountain Year-to-date shares in Keyence Year-to-date, shares in Keyence were up around 22% to 62,280 Japanese Yen ($418.95) on Nov. 20.

Persons: It's, Karen Kharmandarian, Kharmandarian, Keyence, Jason Kondo, Kondo — Organizations: Big Tech, U.S, Nvidia, Meta, Thematics Asset Management, CNBC Pro, Zebra Technologies, Thematics, Robotics Fund, Morningstar Locations: U.S, Covid, Keyence

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