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2 mins read

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   


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2 mins read

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   


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2 mins read

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   


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1 min read

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   


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1 min read

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   


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2 mins read

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   


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1 min read

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   


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24 mins read

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   


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2 mins read

Insider Inc.   


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2 mins read

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   


Robert Davis   


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5 mins read

Hannah Towey,Jason Lalljee   


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5 mins read

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   


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2 mins read

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   


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2 mins read

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   


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2 mins read

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   


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2 mins read

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   


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3 mins read

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   


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3 mins read

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   


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1 min read

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…

Dennis Green