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Sotheby’s CEO sees ‘very strong demand’ ahead of .4 billion art auctions

Sotheby’s CEO sees ‘very strong demand’ ahead of $1.4 billion art auctions

The fall auction sales in New York next week are expected to top $1.4 billion, marking a 50% increase from last year and a potential rebound for the art market after three years of declines, according to art experts. A star-studded lineup of famous trophy works — from a $150 million Gustav Klimt portrait to […]

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New foreclosures jump 20% in October, a sign of more distress in the housing market

New foreclosures jump 20% in October, a sign of more distress in the housing market

fstop123 | E+ | Getty Images Foreclosure filings climbed again in October, after sitting at historic lows in recent years, according to new data released Thursday. While the numbers are still small, the persistent rise in foreclosures may be a sign of cracks in the housing market. There were 36,766 U.S. properties with some type

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Congressional hemp restrictions threaten  billion industry, sending companies scrambling

Congressional hemp restrictions threaten $28 billion industry, sending companies scrambling

The hemp industry is bracing for layoffs, production reductions and billions in lost revenue after Congress passed a government funding bill late Wednesday containing a surprise provision that will ban nearly all hemp-derived consumer products. Hemp, a derivative of the cannabis plant, was legalized in the 2018 Farm Bill for industrial uses like rope, textiles

Congressional hemp restrictions threaten $28 billion industry, sending companies scrambling Read More »

Starbucks workers union launches strike in more than 40 cities on chain’s key holiday sales day

Starbucks workers union launches strike in more than 40 cities on chain’s key holiday sales day

Workers picket in front of a Starbucks outlet in New York City, U.S., Oct. 1, 2025. Brendan McDermid | Reuters Starbucks Workers United launched an open-ended strike in more than 40 cities Thursday on Red Cup Day, one of the chain’s biggest sales days of the year. The protest, which the union says involves more than

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This startup backed by Bezos and Benioff launched a trading platform for shares of rental homes

This startup backed by Bezos and Benioff launched a trading platform for shares of rental homes

Row of single-family detached houses in Alexandria, Virginia. Grace Cary | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors

This startup backed by Bezos and Benioff launched a trading platform for shares of rental homes Read More »

From AI to ESG: Family offices expect heirs will take new path on investing

From AI to ESG: Family offices expect heirs will take new path on investing

Swissmediavision | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Keeping wealth in the family is easier than controlling how your heirs invest it. For investment firms

From AI to ESG: Family offices expect heirs will take new path on investing Read More »

Disney posts mixed results as streaming growth is offset by legacy TV declines

Disney posts mixed results as streaming growth is offset by legacy TV declines

A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images Disney reported fiscal fourth-quarter earnings on Thursday that topped analyst expectations for earnings but

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