The global art market faces pivotal changes, indicating a period of decline that many did not foresee. According to the latest report from The Art Basel and UBS Survey of Global Collecting, auction sales at prestigious houses like Christie’s and Sotheby’s have plummeted significantly—26% from the previous year and a staggering 36% from the peak
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As Wall Street braces for a pivotal week, the spotlight will be on earnings reports from major players such as Nvidia, Walmart, and TJX. CNBC’s Jim Cramer recently stressed that while some stocks present tantalizing buying opportunities, current market conditions necessitate a cautious approach. With the backdrop of postelection uncertainties looming large, Cramer articulated the
Every weekday, investors tune into the CNBC Investing Club with Jim Cramer for insights into the stock market’s dynamics during its “Morning Meeting.” The latest meeting included critical observations following the post-election turbulence in the financial markets. On Monday, the S&P 500 managed to inch upwards, extending its unprecedented gains from the previous Friday. This
In the wake of the recent elections, a notable shift in sentiment has emerged regarding the economic wellbeing of voters aged 50 and older. A recent AARP post-election poll provides clear insights into how this demographic perceives their financial status when compared to four years prior. Almost half of older voters—specifically, 47%—reported feeling worse off
Cathie Wood, the CEO of Ark Invest, has recently found herself defending the performance of her flagship fund, ARK Innovation ETF (ARKK), after experiencing significant volatility. With shares plummeting nearly two-thirds from their peak during the COVID-19 pandemic, Wood’s remarks on CNBC’s “Squawk Box” shed light on her evolving investment thesis. She emphasized that ARKK
In a significant turn of events for the airline industry, Spirit Airlines has filed for Chapter 11 bankruptcy protection, marking a notable moment in the realm of budget air travel. Once regarded as a model for low-cost aviation, Spirit now faces formidable challenges, including financial instability, increased operational costs, and fluctuating consumer preferences. This article
The landscape of holiday travel in America has undergone significant shifts, especially in the wake of the COVID-19 pandemic. This holiday season, a pronounced trend is emerging: the blending of work and leisure travel, empowered largely by the flexibility of remote work. As more Americans seek to balance their professional obligations while exploring new destinations,
The phenomenon of young adults living with their parents has become increasingly prevalent in the United States. The U.S. Census Bureau reports that approximately one-third of adults aged 18 to 34 reside in their parental homes. This statistic underscores a shift influenced by various economic and social factors, particularly the COVID-19 pandemic, which prompted many
The post-election surge in the stock market has not been without its hurdles, as recent fluctuations may be alarming to investors looking for stability. Despite the inherent risks of volatile markets, opportunities abound for those who can discern value amidst the chaos. Investors focusing intently on momentary market swings may overlook the fundamental strengths of
The restaurant sector has endured a tumultuous period in recent years, grappling with the aftershocks of the pandemic, changing consumer behaviors, and rising operational costs. As industry executives look toward 2025, there’s a palpable sense of both hope and trepidation. The sentiments shared at the recent Restaurant Finance and Development Conference in Las Vegas reveal