Francis Bacon’s “Triptych Inspired by the Oresteia of Aeschylus.” Source: Sotheby’s Sotheby’s plan to auction off a $60 million painting on Monday night marks the first real test of the global art market since the coronavirus pandemic — and is a bold experiment in the centuries-old model for sales auctions. Sotheby’s aims to sell more
There’s just a handful of interventions proven to curb the spread of the coronavirus. One of them is contact tracing, and “it’s not going well,” White House health advisor Dr. Anthony Fauci said Friday. Contact tracing occurs when trained personnel contact infected people to investigate where they might have been infected and who they might have
Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters This is a live blog. Check back for updates. 7:14: Stock futures point to mixed open U.S. stock index futures pointed to
Do you believe Donald Trump is a “prudent man” capable of rationally, intelligently managing your … [+] pension, your 401k and your health care? Like it or not, he’s making unprecedented decisions that undermine the financial security and health of Americans. Getty Regardless of whether you love or hate him, do you believe Donald Trump
TOPLINE With Joe Biden surging in the polls, Wall Street executives are preparing for a potential scenario where he becomes president—with some firms warning clients the stock market could take a hit. As Biden surges in the polls, Wall Street grows more concerned about a likely corporate tax hike. Joshua Roberts/Getty Images KEY FACTS The
Bruce W. McNeilage, CEO Kinloch Partners. Getty With over 40 million people applying for unemployment benefits since March, it is clear that the Covid-19 pandemic is having a significant ripple effect on the economy. One of the main sectors impacted appears to be new home construction. Consider these statistics: • U.S. housing starts dropped by 22.3%
Sam Seagraves Source: Sam Seagraves Almost all of the money Sam Seagraves used to make as an actor in Portland, Oregon, went toward her monthly student loan bill of $1,083. Then the coronavirus pandemic hit. With many production companies postponing or cancelling operations, Seagraves hasn’t been hired for a role since March. The CARES Act granted
Biologist Beth Cameron spent nearly two decades preparing for a biological threat like Covid-19. Most notably, in 2014, Cameron, then the Obama Administration’s director of countering biological threats, helped create a “pandemic playbook” to guide the White House in handling a pandemic. They knew one was eventually coming. “[W]e starting working on the playbook following the
Jeffrey Ubben, CEO of ValueAct Capital Partners Ann Johansson | Corbis | Getty Images On paper, this trade has already been a home run for Jeff Ubben and ValueAct, turning $154 million of its investors’ money into $1.46 billion in possibly the best example so far in the new stakeholder era that mitigating issues associated
A worker wearing a protective mask cleans a table in front of a pizza restaurant in San Francisco, California, U.S., on Monday, June 15, 2020. David Paul Morris | Bloomberg | Getty Images San Francisco Mayor London Breed said in a tweet Friday that the city will temporarily delay its planned reopening for Monday, which included
Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks
By Sherri Snelling, Next Avenue Contributor Getty When Harvard Business School published its 2019 Caring Companies report, finding that 3 out of 4 employees are also caregivers, the researchers couldn’t have predicted that the workplace caregiving crisis was about to collide with the coronavirus crisis. Nor that the combination would accelerate a sea change in
TOPLINE Chinese officials recently expressed “strong dissatisfaction” with U.S. sanctions that came in response to a new national security bill on Hong Kong, warning that crossing “red lines” and meddling in what China considers its own internal affairs could put the trade deal at risk, The Wall Street Journal first reported on Friday. U.S. President
Founder, managing member of PointOne Holdings, owners of a diversified portfolio of multifamily assets valued in excess of $730 million Getty As cities and businesses begin to reopen following weeks or months of stay-at-home orders, many sectors of the economy face the reality of a downturn. Amid that climate of uncertainty, multifamily remains strong as an
A patient arrives to Wyckoff Hospital in Brooklyn, New York, on April 5, 2020. Bryan R. Smith | AFP | Getty Images An unfortunate side effect can accompany a job loss: no more employer-subsidized health insurance. For people age 65 or older in that situation, Medicare is generally the solution. While some in that age
Everybody has an opinion on Tesla CEO Elon Musk. Some, like Charlie Munger, don’t agree with his methods, but others are fans of his brash entrepreneurial spirit. Count fellow billionaire Mark Cuban in the latter category. “I like Elon Musk,” Cuban told The New York Post in a story that published on Saturday. ”He can be full of himself
Good news for investors: Your broker-dealer is going to have to disclose a lot more about what he or she is advising you to buy or sell. Regulation Best Interest, or Reg BI, is coming into effect June 30 after more than two years of controversy and discussion. It requires broker-dealers — those who
Dr. David Callender, CEO of Memorial Hermann Health System in Houston, told CNBC on Friday that its hospitals continue to have adequate capacity despite Texas’ growing coronavirus outbreak. “We actually still think we have plenty of capacity to meet the demand for Covid, as well as non-Covid patients” Callender said on “The Exchange.” “We’re always busy
Hanna Budzko 1. Technical writer Nycretoucher | Getty Images Average annual pay: $68,640 Number of job openings as of June 10: 2,308 2. Financial analyst Andrew Brookes Average annual pay: $67,900 Number of job openings as of June 10: 5,242 3. Proposal writer WavebreakMedia | Getty Images Average annual pay: $67,047 Number of job openings
By Sarah McKinney Gibson, Next Avenue Contributor John Frick and students Courtesy of John Frick While the pandemic has put in-person mentoring on indefinite hold, a growing number of older adults are finding virtual ways to make and broaden meaningful intergenerational connections. Here are five of their stories: Ervan Caesar: Mentoring Teens in the Youth