The global art market stands at an intriguing yet concerning crossroads as it grapples with declining interest and investment often attributed to changing consumer preferences among high-net-worth individuals. According to recent insights derived from the Art Basel and UBS Survey of Global Collecting, auction sales for the first half of the year at prestigious houses
Spirit Airlines, a name synonymous with budget travel in the United States, has recently taken a significant step by filing for Chapter 11 bankruptcy protection. This move marks a historic moment as Spirit becomes the first major U.S. airline to enter bankruptcy since American Airlines did so over a decade ago. This decision, prompted by
In recent years, a notable trend has emerged in the United States: the increasing number of young adults aged 18 to 34 residing in their parental homes. According to the U.S. Census Bureau, around one in three individuals in this age bracket is living with parents. This phenomenon gained significant attention during the COVID-19 pandemic
The landscape of holiday travel in America is undergoing a significant transformation. Fueled by the effects of the pandemic, many Americans are redefining their travel experiences by integrating work and leisure. A recent Deloitte survey illustrates that 49% of employed travelers plan to perform work tasks during their holidays, a noticeable increase from 34% just
The aftermath of an election is often characterized by heightened market activity as investors attempt to navigate the uncertainties ahead. Recently, the postelection rally has faced significant setbacks, resulting in short-term fluctuations that can test even the most seasoned investors. These fluctuations, while daunting, can also create a rich landscape of opportunities for those willing
The restaurant industry is entering a critical transitional phase as it struggles to shake off the impacts of an arduous 2024. Executives are hopeful for the dawn of 2025, after navigating through a minefield of challenges. Statements from finance leaders, such as Kate Jaspon, CFO of Dunkin’ parent Inspire Brands, reflect a weary but optimistic
In a surprising move, Elon Musk took to social media over the weekend to share his thoughts on who should take the prestigious position of Treasury Secretary under President-elect Donald Trump. Musk, known for his influential posts on X, expressed his endorsement for Howard Lutnick, the co-chair of the Trump-Vance transition team and the CEO
As financial markets navigate the potential repercussions of a new administration’s tariff policy, money manager John Davi has struck a cautious note regarding investment strategies. With President-elect Donald Trump’s proposed tariff agenda in play, Davi, the CEO of Astoria Portfolio Advisors, is preparing for potential economic turbulence. His insight hinges on the belief that these
Every year, the five-day stretch from Thanksgiving to Cyber Monday witnesses a surge in consumer spending, often touted as the busiest shopping period of the year. This year promises to be no exception, with the National Retail Federation projecting a record number of shoppers both in-store and online. However, amidst the chaos and deals, there
On a tumultuous Friday for the processed food sector, stocks plummeted amid rising concerns centered around incoming President Donald Trump and his chosen ally, Robert F. Kennedy Jr. The apprehension was palpable among investors as they scrambled to assess potential regulatory changes that could reshape the landscape of the food and beverage industry. With major