Painting Sells for $110.5 Million, a Record
A painting by artist Jean-Michel Basquiat, who is not a household name, sold for more than $110 million, which is an all-time record for any artwork created after 1980.
All Work
Douglas A. McIntyre
Newspaper Companies Take Pounding From Wall Street
In the past five trading days, many of America's largest publicly traded newspaper companies have been under siege on Wall Street.
Ford Drops to 52-Week Low Despite Layoff Plans
Ford CEO Mark Field's plans have not impressed investors — again. He laid off 1,400 of the company's salaried workers in Asia and North America. Ford's stock promptly hit a 52-week low.
Memorial Day Travel to Be Highest in Over a Decade
Travel during the Memorial Day weekend will be the highest since before the Great Recession. More than 39 million Americans are expected to travel more than 50 miles from home.
Ford to Cut Staff 10%, but Embattled CEO Fields Will Keep Salary
Why, if Ford cuts 10% of its worldwide workforce, does CEO Mark Fields, who caused the company's problems in the first place, keep his job and his salary?
Oil Surges Back Toward $50
OPEC and Russia may have made a deal to extend production cuts in hopes of reducing the world's oil stockpiles, which should raise the price. Oil traders appear to believe the plan will work.
15 Most Famous Cyberattacks of All Time
The WannaCry ransomeware attack has been described at the largest cyberattack of all time. Here are 10 others.
Wal-Mart Up 120,000% Since IPO
Wal-Mart has staggered over the past few years as e-commerce has eroded some of its presence, but since its initial public offering in 1969, its shares are up 120,000%.
Inside The FBI, by the Numbers
The Federal Bureau of Investigation (FBI) was founded in 1908 under the previous name of Bureau of Investigation. It is part of the Department of Justice Office of the Director of National Intelligence and…
Ram Offers Discounts as High as $11,000
Ram was just hit with a massive recall. It is almost certainly a coincidence that the full-sized pickup brand has discounts that total over $11,000 on one model and more than $10,000 on another.
House Across the Street From Warren Buffett Offered at $1.25 Million
According to Realtor.com, the house across the street from billionaire Warren Buffett's Omaha home is for sale. It has been on the market for some time, and the price has dropped sharply.
World’s Largest Hedge Fund Says Economy Is in Trouble
Ray Dalio, the founder of Bridgewater, the world's largest hedge fund, says the economy has gotten as good as it can get. That makes future improvement unlikely.
Huge Cyber Attack Reaches 99 Countries, Spread Slows
The massive cyber attack that has take down almost the entire hospital system in the United States and affected businesses like FedEx that have large global systems, has spread to 99 countries.
4 in 10 Drivers Aren’t Prepared for Emergency Breakdown
The number of drivers hitting the road this year is well into the tens of millions. Many of them will spend time waiting by the side of the road instead of relaxing at their…
Company Offers Cars as Mother’s Day Gifts
Why buy candy or flowers for Mother's Day when you can get mom a car? It is a gift that will last much longer than flowers or a box of chocolates.
Production Problems Could Cut iPhone 8 Sales by 20 Million
Rumors suggest Apple will have trouble meeting demand for the iPhone 8, largely due to problems with suppliers. A new forecast puts the shortfall as high as 20 million.
JC Penney Short Interest at 110 Million Shares
Investors have reason to bet against J.C. Penney shares, which is why its short interest is an extraordinarily high percentage of the retailer's float.
Fitbit Short Interest Above 39 Million Shares
Troubled consumer electronics wearables company Fitbit has a short interest that is an extraordinarily large 25% of its float.
JPMorgan Boosts Investment in Detroit to $150 Million
JPMorgan says it will increase its investment meant to aid a turnaround of the troubled city of Detroit to $150 million. But is it enough?
Gas Prices Dip Below $2 in Some Cities
The price for an average gallon of regular has dropped below $2 in some parts of the United States. In other areas, the price is barely a few pennies higher.