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The US housing market is tanking - and the banking fiasco could make things worse, RH CEO Gary Friedman says
Home sales and mortgage refinancing have plunged as soaring interest rates continue to hammer deman…
Theron Mohamed
RH CEO Gary Friedman sounds the alarm on mortgage costs, rate hikes, and luxury-home sales - after invoking 'The Big Short' in a previous warning
Friedman underlined the risks of inflation, record house prices, and rising interest rates in March…
Theron Mohamed
Warren-Buffett backed RH stock has skyrocketed 1,600% in 4 years - and just hit a record high
"RH has outperformed Apple, Amazon, Google, Facebook, Nike, Starbucks, LVMH, Home Depot, Hermes, an…
Theron Mohamed
Restoration Hardware CEO Gary Friedman is selling his $10.5 million Napa Valley home - and it's just as stunning as you'd imagine
The massive mansion called Eight Palms was fully renovated by the luxury furnishing company's desig…
Brittany Kriegstein
Upscale homeware brand RH, which sells $5,000 dining tables and $10,000 couches, admits its pricing was 'arrogant'
Gary Friedman, the CEO of the upscale homeware store, admitted that the company has become "too arr…
Mary Hanbury
A luxury-furniture CEO warns that 'the housing market is collapsing at a level I haven't seen since 2008'
RH CEO Gary Friedman is known for his candid commentary, but other industry leaders believe the out…
Robert Davis
RH stock plunges 8% after Warren Buffett's Berkshire Hathaway dumps its entire stake in the home furnishings company
RH CEO Gary Friedman has been a fan of Warren Buffett, having quoted him often during company earni…
Matthew Fox
All I wanted was a swimming pool. What I got was a $31,000 lesson in Zelle fraud.
In search of a status symbol, I wound up getting ripped off big-time. But the real scam is how Amer…
Devin Friedman
RH's CEO gave a no-nonsense breakdown of the 'chaotic' challenges facing businesses right now: 'I've never been more excited. I've also never been more uncertain.'
In a wide-ranging earnings call, Gary Friedman summarized what it's like to manage the headwinds fa…
Insider Inc.
RH falls 13% as furniture retailer reports mixed earnings results and CEO warns of 'big short' style economy
"I couldn't be more excited, but I couldn't be more uncertain, and that's just the story," RH CEO G…
Matthew Fox
The CEO of one of America's biggest homebuilders said we're already in a 'housing recession,' and there are two other key signs that the real-estate market is still cooling
Sheryl Palmer of Taylor Morrison said that rising interest rates could cause homebuilders to slow d…
Robert Davis
From Elon Musk's 'super bad feeling' to Jamie Dimon's warnings of an economic 'hurricane,' CEOs are shouting that 2023 is going to suck. Here's what 10 are predicting.
Elon Musk and Jamie Dimon are among the CEOs warning of a rough year ahead. 91% of US execs anticip…
Hannah Towey,Jason Lalljee
Central banks around the world are willing to risk recession to fight inflation — and early signs suggest widespread pain for everyone, everywhere
More than 80 central banks are raising interest rates to cool inflation. The synchronized effort co…
Ben Winck
Buffett-backed Restoration Hardware is betting a mysterious 'Guesthouse' will put it on the luxury map
"We're one of the few that is trying to make the climb," he continued. "The people at the top of th…
Theron Mohamed
Warren Buffett invested $200 million in a fancy furniture retailer with a CEO who likes to quote him
"If you've ever seen 'Finding Nemo,'" he added, "The fish tried to get out of the fish tank and the…
Theron Mohamed
Restoration Hardware soars after earnings beat, says it won't see a big impact from the trade war
The home furnishings company reported a 7.4% increase in revenue to $598 million, which was ahead o…
Daniel Strauss
Billionaire investor Dan Loeb trumpeted his bets on Buffett-backed RH, crypto, and private companies in his Q2 letter
Loeb's Third Point fund joined Warren Buffett's Berkshire Hathaway as a RH shareholder last year, a…
Theron Mohamed
Goldman Sachs' Sumit Rajpal is retiring, dealing a blow to CEO David Solomon's plan to build a Blackstone-like alternatives investment platform
Solomon was warned by other Goldman execs that something like this might happen when he shared plan…
Dakin Campbell
Goldman Sachs is infiltrating the Fed in ways that most people haven't noticed
This is what happened: Stephen Friedman was chairman of the New York Fed at the height of the crisi…
Pedro Nicolaci da Costa
The CEO of Restoration Hardware has finally sold his catalog-like home for $7.5 million
Friedman bought the home for $5.9 million in 2013. Clad in neutral colors with precise lines and vi…