Economy

As the art market shows signs of slowing, London is looking to attract a new generation of art buyers — and showcase young emerging artists in the process. Global art sales slid 4% year-on-year in 2023, according to the Art Basel & UBS Art Market Report 2024falling to $65 billion after two years of growth. […]

Investors should brace for a “wholesale reshuffling of the stock guard” in the next two weeks, CNBC’s Jim Cramer said Friday, with a spate of critical earnings and economic data ahead.Investors should be primed for market-moving earnings releases from the likes of Coca-Cola, industrial concern 3M, consumer favorite McDonald’s, General Electric, General Motors and far… […]

Theo Wargo | Wireimage | Getty ImagesA rough week for Elon Musk was capped Friday when institutional shareholders in Tesla admonished the company’s board of directors to rein in an “over-committed” CEO in an open letter.The letter follows the midair explosion of the SpaceX Starship rocket in its first test flight Thursday and a first-quarter… […]

Demonstrators rally in support of abortion rights at the US Supreme Court in Washington, DC, April 15, 2023. Andrew Caballero-Reynolds | AFP | Getty ImagesThe Supreme Court on Friday ordered the abortion pill mifepristone to remain broadly available as litigation plays out in a lower court.The high court’s decision came in response to an emergency request… […]

Google’s construction site on future San Jose megacampus sits idle as company halts development amid cost-cutting.Jennifer EliasIn June 2021, Google won approval to build an 80-acre campus, spanning 7.3 million square feet of office space, in San Jose, California, the third-largest city in the country’s most populous state. The estimated economic impact: $19 billion.The timing… […]

Tax Day has come and gone. Take a second to breathe a sigh of relief. But don’t pack up your calculator and green plastic visor just yet. Now is the perfect time to make sure you have everything in order for your 2023 taxes.Namely, you’d be wise to assess your withholding, tax experts say.Chances are… […]

Reddit logo on website. Jakub Porzycki | Nurphoto | Getty Images Reddit is ramping up efforts to attract more users outside of the U.S., putting countries like India and Brazil in focus as it looks to unlock new advertising opportunities, a top company executive told CNBC. In a wide-ranging interview, Jen Wong, chief operating officer […]

Containers near a berthed cargo vessel at a terminal in the southeastern port city of Busan on Nov. 24, 2024. Anthony Wallace | Afp | Getty Images The shipping industry is contending with a worldwide shortage of seafarers, and it’s fueling a troubling mix of fake resumes, accidents at sea, and elevated freight rates. “We […]

Skoda Kodiaq automobiles on the production line at the Volkswagen AG plant in Bratislava, Slovakia, on Friday, Dec. 1, 2023. Bloomberg | Bloomberg | Getty Images A small landlocked country in the heart of Europe appears to be uniquely exposed to President-elect Donald Trump’s “America First” economic agenda. Nicknamed the “Detroit of Europe” due to […]

Girl holding shopping bags and walking down the street Pixelseffect | E+ | Getty Images If you’re trying to stay on top of your spending, you might have logged your finances in a spreadsheet, tracked every dollar, and created a strict spending plan, but one expert says budgeting like this can be “toxic.” Dana Miranda […]