CNBC

Vanessa Wachtmeister is originally from Los Angeles, but she’s lived in many places: she’s gone to school in London, where she got her master’s degree, was an emergency aid worker in Turkey, and taught English in China, where she met her German husband, Marcus. For the last five years, they’ve lived in Berlin, Germany. No other place has felt more like home, says Wachtmeister. She loves her community, neighborhood, and her remote 9-to-5 job as a product manager at a travel tech company. She earns six figures a year, and since the cost of living is so affordable, she feels like her money goes further. Read more: cnb.cx/469Rirh

Nearly a fifth of the world’s richest people live in just 10 cities worldwide, according to recent data from wealth intelligence platform Altrata. The city with the most ultra-wealthy people — those with a net worth above $30 million — by a large margin: New York. It’s home to 21,380 such residents, up 23% from 2024, according to the report, which contains data through June and was published on September 30. The report didn’t specify whether that increase comes from ultra-wealthy people moving to New York, extant residents joining the ranks of the ultra-wealthy or both. Hong Kong, the city in the No. 2 spot, also has a growing population of ultra-wealthy people: approximately 17,215, up nearly 23% in the first six months of 2025, the report found. See the full list: cnb.cx/4nutWlM

The price of turkeys is soaring this Thanksgiving, and experts say consumers will have to hunt around to find a bargain for those birds. The U.S. turkey flock has dropped to its lowest size in nearly 40 years because of the highly pathogenic avian influenza, according to the American Farm Bureau Federation. As a result, wholesale turkey prices have surged 75% since October 2024, according to an analysis by the Purdue University College of Agriculture. Find out how much a turkey could cost you this Thanksgiving: cnb.cx/4hYRFJn

"My child won't tell me anything about their day!" It's a common concern I hear from parents in my psychotherapy office. They're hoping to gain a glimpse into their child's world. But asking "How was school today?" usually leads to a one-word answer. As a therapist and the author of "13 Things Mentally Strong Parents Don't Do," I encourage parents to ask questions that are thoughtful and spark meaningful conversations. When kids reflect on their experiences, they practice skills like emotional awareness, problem-solving, and empathy, and develop a growth mindset. Here are seven questions that lead to productive conversations while also helping kids grow mentally stronger:

Bitcoin fell below $95,000 on Friday amid a broader AI-linked stock pullback. CNBC's MacKenzie Sigalos reports. cnb.cx/4r0C00h

JPMorgan Chase has secured deals ensuring it will get paid by the fintech firms responsible for nearly all the data requests made by third-party apps connected to customer bank accounts, CNBC has learned. The bank has signed updated contracts with fintech middlemen that make up more than 95% of the data pulls on its systems, including Plaid, Yodlee, Morningstar and Akoya, according to JPMorgan spokesman Drew Pusateri. Read the full story: cnb.cx/4i6hRSM

Warren Buffett's Berkshire Hathaway revealed a new position in Alphabet, making the Google parent the conglomerate's 10th largest equity holding at the end of September, according to a regulatory filing. Read more: cnb.cx/4r2uXnM

The fall auction sales in New York next week are expected to top $1.4 billion, marking a 50% increase from last year and a potential rebound for the art market after three years of declines, according to art experts. Full details: cnb.cx/47FSRhx

When incoming Walmart CEO John Furner steps into the retailer's top role, he will try to follow up a period of dramatic share growth that many of Walmart's rivals have failed to match. Walmart's stock has more than quadrupled since outgoing CEO Doug McMillon began in the role in February 2014. Across nine of the 12 calendar years when was Walmart's leader, the company posted positive stock returns. Among Walmart's main rivals in the retail and grocery business, only Amazon and Costco have had better stock returns since McMillon took the job. Meanwhile, Walmart's stock has outperformed those of competitors like Target, Dollar General, Dollar Tree, Kroger and Albertsons.

The recent elections have made it very clear that affordability is a central issue right now. One of the factors driving it has been a rise in electricity prices. As a one-time energy reporter, it's been interesting to see that become a hot button political issue. Spencer Littleford Kimball took a deeper look at the issue and what role data centers are playing in the increases we've seen. He reports that in at least three states with high concentrations of data centers, electric bills climbed much faster than the national average during that period. Prices, for example, surged by 13% in Virginia, 16% in Illinois and 12% in Ohio. This is a great package that impacts us all. Take a read. https://lnkd.in/eN4Xz2z8