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Wild swings lashed Wall Street for a fourth straight session as back-and-forth trade threats between the U.S. and China knocked down stocks, erasing an earlier rally that was the biggest since 2022. The S&P 500 fell 1.6%, leaving it on the brink of a bear market. Hopes for a quick end to extreme volatility were […]
Stocks hit by wild volatility on U.S.-China threats Read More »
Photo: Saul Loeb/AFP/Getty Images Autocratic leaders love to have parades that show off military might. And it’s even better if the display of power glorifies them personally in some manner. So, naturally, Donald Trump has long dreamed of holding a military parade in Washington, D.C. For years, he has been thwarted, but now he may
Trump May Get a Military Parade for His Birthday Read More »
There’s a shift happening in the world of luxury. The wealthiest individuals—those who’ve spent decades accumulating everything money can buy—are no longer interested in more. What they want now is better. More refined, more personal, more rare. And nowhere is this more evident than in the rise of the high-design game room. We’ve seen it
Inside the Billionaire’s Game Room: Why the Ultra-Rich Are Spending Millions on Play Read More »
The Federal Emergency Management Agency is cutting more than $300 million in grants that would have helped fund flood protection projects in neighborhoods across New York City, according to Gov. Kathy Hochul’s office. Federal officials have revoked $325.5 million in federal grants to support flood mitigations throughout the state, with funding cut for projects planned
FEMA claws back more than $300M for city flood protections Read More »
Opera at the Met may mean expensively lavish stagings with the world’s biggest stars, but that’s not all you’ll find at Lincoln Center. Running there now concurrently are revivals of two Mozart masterpieces that amply demonstrate that the Met can also deliver wonderfully entertaining ensemble operas. That shouldn’t suggest that their casts don’t include superior
Topflight Teamwork Makes for a Marvelous Met Mozart Read More »
JPMorgan today advised investors to avoid commercial real estate debt, a move that could ramp up pressure on landlords who need to refinance their mortgages for industrial space, shopping centers, or office towers. In the last few days debt investors have started to price in the growing risk of commercial property owners defaulting on obligations
JPMorgan tells investors to avoid commercial real estate debt Read More »
Photo: Timothy A. Clary/AFP/Getty Images Donald Trump’s return to the presidency was made possible by two conclusions reached by a crucial bloc of swing voters: that Democratic management of the economy had become intolerably bad, and that in retrospect Trump’s management of the economy during his first term had been tolerably good, despite dire circumstances
If Trump Breaks the Economy, He Will Own It Read More »
Despite mounting economic and geopolitical turbulence, this year’s just-released Art Basel and UBS Art Market Report delivered a cautiously optimistic message: the global art market might be recalibrating, but it’s not collapsing. While overall figures reflect a period of correction, the sector is broadening its base at the lower and mid-price tiers and drawing in
Hope in a Shifting Art Market: A Breakdown of the 2025 Art Basel and UBS Report Read More »
Wall Street titans had been oddly silent about Trump tariffs—until they became real. Amid market turmoil brought on by the President’s “Liberation Day” tariffs, a growing trickle of prominent bank CEOs and investors are raising the alarm on how these levies could cause irreparable harm to the global economy. Even established Trump supporters, such as
Wall Street Leaders Finally Turn on Trump’s Tariffs Read More »
