Estimates are still soaring past the $20 million mark and canvases still bear the signatures of dependable ringers like Warhol, Basquiat and Picasso. But there is a shadow looming over the spring auction season that begins Monday. A cyberattack at Christie’s brought down the company’s website on Thursday, and as of Sunday morning, Christie’s had…
Sohail Prasad, an entrepreneur, launched a fund in March called the Destiny Tech100. The fund owns shares in hot tech start-ups like the payments firm Stripe, the rocket maker SpaceX and the artificial intelligence company OpenAI. Few people get the chance to invest in these privately held companies since their shares are not openly traded….
Difficulties have been piling up for Apple. In recent months, it has been sued by the Justice Department, fined by European regulators and challenged by the resurgence of a Chinese smartphone competitor. On Thursday, the company added to its list of problems, reporting that its business was in a slump. Apple said sales fell 4…
The largest luxury watch fair in Switzerland opens April 9 — just as the Swiss watch industry appears to be entering a slowdown. More than 45,000 visitors are expected to visit Watches and Wonders Geneva and its 54 exhibiting watch brands before the show closes April 15, just weeks after the Federation of the Swiss…
Tesla, which has been accustomed to brisk growth, reported a drop in car sales during the first three months of the year as models from other automakers appeared to gain ground. The company led by Elon Musk said it delivered 387,000 cars worldwide in the first quarter, down 8.5 percent from 423,000 vehicles in the…
President Biden will issue an executive order Wednesday seeking to restrict the sale of sensitive American data to China, Russia and four more countries, a first-of-its-kind attempt to keep personally identifying information from being obtained for blackmail, scams or other harm. The president will ask the Justice Department to write rules restricting the sale of…
Philips Respironics announced on Monday that it would halt sales of all of its breathing machines in the United States after reaching a settlement with the Food and Drug Administration over continuing problems with the devices. Millions of the company’s ventilators and CPAP machines, used to ease breathing at night, were recalled after reports that…
As Teslas and other electric vehicles dazzled car buyers with futuristic technology and dreams of a gasoline-free future, hybrid cars began to seem like yesterday’s news. Sales of the Toyota Prius, the standard-bearer for hybrids, fell 85 percent over a decade. Now, a slowdown in the growth of electric car sales has led General Motors,…
