The global art market is navigating through a period of significant transformation, marked by an anticipated second consecutive year of downturn. As per the latest findings illustrated in the Art Basel/UBS Survey of Global Collecting, the auction sales conducted by leading auction houses, including Christie’s, Sotheby’s, Phillips, and Bonhams, witnessed a staggering 26% decline in
Recent polling data, particularly insights from AARP’s post-election survey, has revealed a critical perspective among voters aged 50 and over regarding their financial circumstances over the past four years. The findings indicate that a significant portion of this demographic, almost half at 47%, feels worse off compared to their situation four years ago. This is
Spirit Airlines, once heralded as a trailblazer in the world of low-cost air travel, is currently grappling with a significant financial downturn. The airline has recently filed for Chapter 11 bankruptcy protection, signaling a major shift in its ability to operate as a viable competitor in the bustling aviation sector. The announcement came on a
Cathie Wood, the founder and CEO of ARK Invest, has faced criticism regarding the performance of her flagship ARK Innovation exchange-traded fund (ETF), especially as it transitions from its once meteoric rise during the Covid-19 pandemic to a more challenging investment landscape. Wood herself has openly acknowledged the volatility of the fund, suggesting that it
The holiday season has always sparked the wanderlust in Americans, and in recent years, it has become more pronounced, thanks in large part to the evolution of remote work. This transformation has altered how individuals approach holiday trips, providing them with newfound flexibility and opportunities. Recent studies, like the Deloitte holiday travel survey, underscore how
Recent U.S. Census Bureau data reveals a striking statistic: nearly one-third of American adults aged 18 to 34 reside in their parents’ homes. This trend, particularly pronounced since the onset of the COVID-19 pandemic, reflects broader economic challenges that have forced many young adults to reevaluate their living situations. Despite some fluctuations influenced by extraordinary
The restaurant industry is no stranger to fluctuations and upheavals, but as we stand on the cusp of 2025, sentiment among executives is cautiously optimistic. This year’s challenges have ignited a flame of resilience among industry players, who are eager to leave 2024 behind. At a recent gathering at the Restaurant Finance and Development Conference
In the wake of a tumultuous election and subsequent market fluctuations, investors are navigating a landscape marked by short-term volatility. While this environment can create anxiety, it also presents a unique opportunity for those who are strategically minded. The key lies not in panic or knee-jerk reactions, but rather in recognizing that savvy investors can
On a recent Saturday, renowned entrepreneur Elon Musk took to social media platform X to express his endorsement for Treasury Secretary, a critical position within President-elect Donald Trump’s upcoming administration. Musk’s pick was Howard Lutnick, the well-established CEO and chairman of prominent financial firms such as Cantor Fitzgerald, BGC Group, and Newmark Group. Musk’s comments
As the holiday shopping season unfolds, it marks a critical moment for both consumers and retailers alike. The five-day period from Thanksgiving through Cyber Monday has become a battleground for shoppers chasing the best deals, a scenario that could see an unprecedented influx of participants this year, according to predictions from the National Retail Federation.