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A 73-year-old bottle of French Burgundy became the most expensive bottle of wine ever sold at auction, fetching $558,000. The bottle of 1945 Romanee-Conti sold at Sotheby’s for more than 17 times its original estimate of $32,000. Another bottle of the same wine and vintage went for $496,000 moments later at Saturday’s auction. The bottles
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The financial impact from uncovered health-care expenses can be a shock and even affect a person’s financial wellness. But there are ways to alleviate the stress. Let’s create a scenario. Elizabeth is a single mom with two children. She was at home when she suddenly experienced troubling symptoms that turned out to be a heart
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Netflix shares have gotten pounded over the last three months, plunging into a bear market since the streaming giant reported earnings in July. Ahead of its next quarterly report on Tuesday, some investors say there’s more room to fall. “Unfortunately, the stock looks broken,” Todd Gordon, founder of TradingAnalysis.com, said Friday on CNBC’s “Trading Nation.”
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The German luxury carmaker Porsche has denied speculation that it’s planning to pursue an initial public offering (IPO). On Friday, the company’s chief financial officer suggested to reporters gathered at the firm’s development center that such a listing could easily top the success of Ferrari’s foray into public ownership. The Italian supercar maker has an
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Bank of America on Monday beat analysts’ estimate for third-quarter profit and revenue as the nation’s second-largest bank set aside less than expected for loan losses. The bank posted earnings per share of 66 cents, a 43 percent increase from a year earlier, exceeding the 62 cent estimate of analysts surveyed by Refinitiv. Revenue rose
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The man who called the latest sell-off believes earnings hold the key to saving the year’s historic rally. According to Ned Davis Research’s Ed Clissold, the market is going through a panic reaction due to a change in the Federal Reserve’s posture on interest rates. Yet he also believes the damage will ultimately be contained
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Proponents of autonomous vehicles — including Mark Rosekind, the former National Highway Traffic Safety Administration chief — typically cite several reasons to put the technology on the road. That includes better use of existing highway infrastructure, as well as improved safety. Rosekind contends driverless vehicles could all but eliminate highway deaths. Considering more than 40,000
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I’m calling it — we’re in a streaming service bubble. We’ve hit peak OTT. That’s “over-the-top,” which is weird industry lingo for “online TV service.” This week alone, there’s been news of new online video services from WarnerMedia, Viacom, WalMart, Costco, something called Quibi and Apple. The reasons for developing streaming services vary from company
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It’s no secret that the world is growing accustomed to the business of cannabis, but for $9.6 billion Canadian medical marijuana producer Canopy Growth, the future is approaching faster than many expect. On Tuesday, Canopy — which has gained traction on news of several-billion-dollar investments from Corona parent Constellation Brands — announced that it had
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Walmart said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks deeper inroads into the online fashion space. Walmart last week acquired Eloquii, a fashion startup that sells plus-sized clothing. The company also tied up with comedian and
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