Business

Francis Bacon’s “Triptych Inspired by the Oresteia of Aeschylus.” Source: Sotheby’s Sotheby’s plan to auction off a $60 million painting on Monday night marks the first real test of the global art market since the coronavirus pandemic — and is a bold experiment in the centuries-old model for sales auctions.  Sotheby’s aims to sell more

Traders wearing masks work inside posts, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Brendan McDermid | Reuters U.S. stock futures fell on Sunday night as coronavirus cases

Adenilson Souza Costa, 47 years, and his coworkers wearing protective gear carry a coffin at Vila Formosa Cemetery amidst the coronavirus (COVID-19) pandemic on May 18, 2020 in Sao Paulo, Brazil. Alexandre Schneider | Getty Images The coronavirus has now killed more than 500,000 people around the world as the number of confirmed infections exceeded

PeopleImages | E+ | Getty Images Deciding when to take your Social Security retirement benefits is a crucial decision no matter when you make it. Making that call during the coronavirus pandemic can raise the stakes. That’s because the age at which you decide to claim will lock in the amount of monthly income you

A man in a surgical mask walks by the New York Stock Exchange (NYSE) after more cases of coronavirus were confirmed in New York City, New York, U.S., March 10, 2020. Andrew Kelly | Reuters Next week brings an end, mercifully, to the first half of 2020. That’s the good news. The bad news: Wall

Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks

A van is said to have crashed into the Lamborghini on Thursday afternoon. West Yorkshire Police A Lamborghini was destroyed in a collision on a highway in West Yorkshire in the U.K., just 20 minutes after the car left the showroom.  The car is said to have been a Lamborghini Huracan Spyder, which can fetch

Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters This is a live blog. Check back for updates. 8:57 am: Here are Friday’s biggest analyst calls of the day: Amazon, Qualcomm, Snap,

The White House coronavirus task force is slated to hold its first news briefing in nearly two months Friday, as new coronavirus cases continue to surge across large parts of the country. Vice President Mike Pence will lead the briefing, according to the Department of Health and Human Services, but the briefing will take place at

In the wake of Covid-19, colleges will likely outsource more of the student housing needs to companies such as DMG, which owns apartment complexes such as this one in upstate New York serving Cornell University. Source: DMG Investments The days of cramming undergraduates into shared rooms with a communal bathroom down the hall may be

Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Even Nike, often lauded as one of the strongest

Virgin Galactic’s spacecraft Unity comes into land during a glide test flight on May 1, 2020. Virgin Galactic Virgin Galactic successfully completed its second glide flight test in New Mexico on Thursday, a milestone that should set the company up to begin spaceflights next. The company said that after it completes “an extensive data review”

We need to get better at talking with, listening to and learning from each other, says Malcolm Gladwell, host of the popular podcast “Revisionist History.” “You can’t read somebody and make sense of someone in 10 seconds. Don’t even try,” says Gladwell, whose September book, “Talking to Strangers,” analyzes the inadequacies in people’s capacity to do so. “The

An illuminated logo sits on the exterior of Wirecard’s headquarters in the Aschheim district of Munich, Germany. Michaela Handrek-Rehle | Bloomberg | Getty Images Wirecard will file for an application to open insolvency proceedings with the district court of Munich, the company said Thursday. The company said in a short statement that management had decided

The Sleeping Beauty Castle at the Disney California Adventure Park on January 12, 2016. Eric McCandless | ABC | Getty Images Disney is delaying the opening of its California-based theme parks. On Wednesday, the company said its proposed phased opening of its two parks in Anaheim for July 17 would be postponed as state officials

Steven Mnuchin, U.S. Treasury secretary, speaks during a Senate Small Business and Entrepreneurship Committee hearing in Washington, D.C., U.S., on Wednesday, June 10, 2020. Al Drago | Bloomberg | Getty Images This tax season may look more like a tax year, as Treasury Secretary Steven Mnuchin weighs delaying the July 15 deadline once again. “As

Broadcom Corp. signage is displayed outside of the company’s headquarters in Irvine, California. Patrick Fallon | Bloomberg | Getty Images Broadcom on Thursday forecast current-quarter revenue, the mid-point of which was slightly below Wall Street estimates as its chip business was weighed down by the impact of the coronavirus crisis on global supply chains. The

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman, who made a killing this year by nailing the market bottom, on Monday disclosed plans for an initial public offering of a $4 billion blank-check company, which will target so-called “Mature Unicorns.” The new investment vehicle named Pershing Square

The private-jet industry is seeing a rapid rebound from the coronavirus crisis, as new customers who had never flown private splurge to avoid the crowds and lines of commercial flying. While commercial traffic is running about 15% to 17% of last year’s totals, private flights are running at up to 70% or more of normal,

U.S. stock futures were flat in overnight trading, as investors continue to weigh improving economic data against the prospect of new business shutdowns after a resurgence in coronavirus cases.  Dow futures rose 15 points, indicating a gain of 0.07% at the open on Tuesday. The S&P 500 and Nasdaq-100 were also set to open slightly

CNBC’s Jim Cramer on Monday likened music streaming service Spotify‘s story and meteoric rise on the market to that of video streaming service Netflix‘s. Netflix’s pivot toward original content in 2011, Cramer said, was a catalyst behind the stock’s run as the best performing company on Wall Street last decade when it offered investors a

Carlina Teteris Car talk  Milan Markovic People usually ask about the monthly cost of a new car. Wrong question. Don’t just think about the sticker price or the monthly payment when you scout how much you can afford each month. Based on the financing, the dealer says it will be $300, and people can see

Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss, as its supply chain hit a snag amid the coronavirus pandemic, and orders were backlogged.  Absent the fulfillment constraints it experienced, the company said it would have reported sales growth during the period. By the end of March, Stitch Fix said

A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images How to find top stocks primed to outperform during this notably volatile period? Here are a few of the names the best-performing Wall Street analysts are betting on. With reopening optimism tempered by concerns of a second coronavirus wave, it could

1. Don’t underestimate the role of chance in life. It’s easy to assume that wealth and poverty are caused by the choices we make, but it’s even easier to underestimate the role of chance in life. The families, values, countries and generations we’re born into, as well as the people we happen to meet along

Traders wearing masks work inside posts, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Brendan McDermid | Reuters Bluster about bubbles is blowing through Wall Street again, stirring

Attorney General William Barr told the top federal prosecutor in Manhattan, Geoffrey Berman, that he is fired in a letter Saturday, amid a power struggle over who will fill one of the most important federal law enforcement positions in the nation.  The Trump administration moved Friday night to nominate Securities and Exchange Commissioner Jay Clayton

Unlike most people who are now telecommuting due to the coronavirus pandemic, I’ve been working from home for a long time. As in two decades. Between full-time jobs that allowed it (one of them way back in 2000) and freelancing while I raised two children, I’ve truly appreciated the benefits that come with the arrangement