450 MILLION FOR A PAINTING

November, 16, 2017|

Da Vinci's Painting Shatters Auction Highs

After 19 minutes of dueling, with four bidders on the telephone and one in the room, Leonardo da Vinci's "Salvatore Mundi" sold on Wednesday night for $450.3 million with fees, shattering the high for any work of art sold at auction...

CENTRAL BANKERS DEFEND BEING CLUELESS

November, 15, 2017|

Top Central Bankers Defend Stimulus Efforts

The heads of four of the world's most important central banks defended their sweeping crisis-fighting measures in a rare joint appearance, and discussed how words themselves have become a vital policy tool...

General Electric Under Pressure

November, 14, 2017|

General Electric is slashing its coveted stock dividend in half and getting even smaller by selling storied businesses such as its railroad and light bulb unit. The dividend cut, only GE's second since the Great Depression, shows the depths of the iconic company's financial problems...

Tax Plan Huge Disappointment

November, 13, 2017|

On Thursday November 9, 2017, the Senate Finance Committee came out with their idea of a tax plan that will ultimately stick it to the middle class, one week after the house came out with their idea of destroying small business...

AFFORDABLE CARE

November, 10, 2017|

Open Enrollment

Heading into the second week of the Affordable Care Act’s annual open-enrollment period, early sign-ups and traffic appear strong, according to industry and government officials, with more than 600,000 people selecting plans...

TRUMP IN CHINA

November, 9, 2017|

China and Trump

Xi Jinping welcomed Donald Trump to China with a series of business deals and a private tour of the Forbidden City, seeking to impress the U.S. president even as he stepped up pressure on Beijing to curb financial ties with North Korea...

SNAPPED

November, 8, 2017|

Snap Shares Plunge

Snap’s rough ride on the public market just got even rougher. Shares plunged as much as 20% in after-hours trading on Tuesday, after the company missed expectations for revenue, earnings, and user growth in its third quarter as a public company...

CHIPS AHOY IN TECHNOLOGY TAKEOVER

November, 7, 2017|

Broadcom Targets Qualcomm

Broadcom Ltd. made an unsolicited $105 billion takeover bid for Qualcomm Inc., the chip industry's boldest bet yet that size will equal strength at a time of technological upheaval...