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Auction sales fall 6% in the first half, raising fears of an art market shift

Auction sales fall 6% in the first half, raising fears of an art market shift

Business News

Ups and Downs by KAWS, estimated£30000-£50000, on display during a preview at the Phillips showroom in central London, ahead of their forthcoming Evening and Day Editions auction. Picture date: Friday January 17, 2025. (Photo by Ian West/PA Images via Getty Images) Ian West – Pa Images | Pa Images | Getty Images A version of […]

Auction sales fall 6% in the first half, raising fears of an art market shift Read More »

Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions

Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions

Technology News

Thiago Prudencio | LightRocket | Getty Images Tesla missed on the top and bottom lines in the second quarter, but another miss was buried in its investor deck The company’s digital assets are currently valued at $1.24 billion. That’s up substantially from $722 million a year ago. But anyone who’s been following the crypto market

Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions Read More »

Microsoft’s Satya Nadella says job cuts have been ‘weighing heavily’ on him

Microsoft’s Satya Nadella says job cuts have been ‘weighing heavily’ on him

Finance News

Microsoft CEO Satya Nadella talks with Indonesia’s Minister of Communication and Information Technology Budi Arie Setiadi, on the day of their meeting with Indonesian President Joko WIdodo, at the Presidential Palace in Jakarta, Indonesia, April 30, 2024. Willy Kurniawan | Reuters Microsoft has laid off over 15,000 people so far in 2025. The stress of

Microsoft’s Satya Nadella says job cuts have been ‘weighing heavily’ on him Read More »

Apple releases public preview of iOS 26, its biggest iPhone software redesign since 2013

Apple releases public preview of iOS 26, its biggest iPhone software redesign since 2013

Finance News

Apple announces a new design language for its operating systems called “Liquid Glass” during the annual Apple “Worldwide Developers Conference” (WWDC) at Apple Park, the corporate headquarters of Apple Inc., in Cupertino, California on June 9, 2025. Josh Edelson | AFP | Getty Images Apple released the public beta preview version of its next iPhone

Apple releases public preview of iOS 26, its biggest iPhone software redesign since 2013 Read More »

McDonald’s to test CosMc’s-inspired drinks at more than 500 restaurants

McDonald’s to test CosMc’s-inspired drinks at more than 500 restaurants

Business News

Something Bold (and Delicious) is Brewing at McDonald’s: A First Sip into the Future of Beverages Courtesy: McDonald’s McDonald’s said Thursday it is planning to test new coffee drinks, refreshers and flavored sodas at more than 500 restaurants later this summer, hoping to cash in on younger consumers’ love for fun, colorful drinks. “We’re seeing

McDonald’s to test CosMc’s-inspired drinks at more than 500 restaurants Read More »

Comcast spinoff Versant announces board of directors. Here’s the slate

Comcast spinoff Versant announces board of directors. Here’s the slate

Business News

Versant signage on the floor at the New York Stock Exchange (NYSE) in New York, US, on Monday, July 21, 2025. Michael Nagle | Bloomberg | Getty Images Comcast on Thursday announced the expected board members of its cable networks spinout, Versant. They come from backgrounds in media, technology, finance and other industries, according to

Comcast spinoff Versant announces board of directors. Here’s the slate Read More »

Southwest profit drops, but airline says travel demand has stabilized

Southwest profit drops, but airline says travel demand has stabilized

Business News

Southwest Airlines on Wednesday posted second-quarter earnings and revenue that fell short of Wall Street’s estimates but said travel demand has stabilized, echoing other airlines in recent weeks. Shares fell roughly 9% on Thursday morning. The airline also announced a new $2 billion share buyback. Here’s how Southwest performed in the second quarter compared with Wall

Southwest profit drops, but airline says travel demand has stabilized Read More »

UnitedHealth says it is cooperating with DOJ investigation into Medicare billing practices

UnitedHealth says it is cooperating with DOJ investigation into Medicare billing practices

Business News

The UnitedHealth logo on a laptop arranged in New York, US, on Friday, July 7, 2023. Gabby Jones | Bloomberg | Getty Images UnitedHealth Group revealed Thursday it is facing a Justice Department investigation over its Medicare billing practices, adding to a string of setbacks for a company that owns the nation’s largest and most

UnitedHealth says it is cooperating with DOJ investigation into Medicare billing practices Read More »

American Airlines scales back 2025 profit outlook as third-quarter forecast falls short

American Airlines scales back 2025 profit outlook as third-quarter forecast falls short

Business News

American Airlines shares slumped Thursday after the carrier’s third-quarter profit forecast fell short of Wall Street’s expectations and it reinstated its 2025 financial forecast well below its outlook at the start of the year. CEO Robert Isom told CNBC’s “Squawk Box” that the results are driven by consumer weakness, flat corporate travel demand that continued

American Airlines scales back 2025 profit outlook as third-quarter forecast falls short Read More »

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