Stay informed, stay ahead.
India’s art world is in the midst of a historic transformation, with record-breaking auctions, rising collector enthusiasm, and new creative spaces reshaping the country’s cultural landscape. At the center of this surge stands an untitled 1971 masterpiece by Vasudeo Santu Gaitonde, which recently sold for $7.57 million at a Saffronart auction in Delhi — nearly…
The Massachusetts Institute of Technology (MIT) has formally rejected a proposed agreement from the Trump administration that would have granted preferential access to federal funds in exchange for adopting restrictive policies on campus governance, admissions, and free speech. In a letter to U.S. Education Secretary Linda McMahon, MIT President Sally Kornbluth stated that the proposal,…
A new HSBC survey reveals that more than half of the world’s wealthy entrepreneurs are considering relocating to another country — and Singapore has emerged as their top destination. The poll, conducted between April and May, surveyed 2,939 business owners with at least $2 million in investible assets or a net worth of $20 million….
Morgan Stanley is expanding access to cryptocurrency investments across its vast wealth management network, removing long-standing restrictions on which clients can buy crypto funds and where they can hold them. Starting October 15, the bank’s financial advisors will be allowed to offer crypto-related products to all clients, including those with retirement accounts—marking a significant shift…
The meteoric rise in Bitcoin’s price has minted another 70,000 crypto millionaires in the past year, creating a new wave of digital wealth that’s beginning to ripple through the global economy. According to a joint report from Henley & Partners and New World Wealth, there are now about 241,700 individuals with crypto holdings worth over…
Spirit Airlines has won approval for a $475 million financing package and a $150 million payment from its largest aircraft lessor, AerCap, as the budget carrier struggles to stabilize operations following its second bankruptcy since November. The U.S. Bankruptcy Court for the Southern District of New York approved the debtor-in-possession (DIP) financing, a crucial lifeline…
MACAO — NBA Commissioner Adam Silver said Friday that the WNBA could soon play games in China, signaling the league’s next step in expanding its global basketball presence. Speaking exclusively with CNBC from courtside at the first of two NBA preseason games in Macao, Silver said discussions are already underway. “We have to get through…
Washington — The Trump administration announced Friday that it has reached a landmark agreement with AstraZeneca to lower the cost of prescription drugs in the United States, expanding the administration’s push to pressure pharmaceutical companies into offering “most-favored nation” pricing. The deal mirrors a similar pact reached with Pfizer last month and marks another major…
San Francisco — Nvidia CEO Jensen Huang said Wednesday he was “surprised” by rival AMD’s decision to offer 10% of its equity to OpenAI as part of their newly announced multibillion-dollar partnership — calling the deal both “clever” and “unexpected.” Speaking on CNBC’s Squawk Box, Huang praised the creativity of the move but questioned the…
Washington, D.C. — Democratic Senator Elizabeth Warren is demanding that the Trump administration release the September jobs report as scheduled, arguing that withholding key economic data during the government shutdown could distort financial markets and hinder the Federal Reserve’s decision-making. The Bureau of Labor Statistics (BLS), which compiles and publishes the report each month, has…
