Latest in As Art Sales Fall, Christie’s and Sotheby’s Pivot to Luxury
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IGM Biosciences to cut 73% of workforce as latest pivot fails to pan out, sending stock down 69%
IGM Biosciences is again cutting staff as it scraps an autoimmune-drug trial after failing to achieve the desired results.MarketWatch - 31m -
Italy’s luxury wineries rely on illegal migrant workers
Barolo, Barbaresco and other high-end wines made in Langhe region grapple with dependence on undocumented labourersFinancial Times - 6h -
Robert Laemmle, longtime head of local art-house chain Laemmle Theatres, dies at 89
Robert Laemmle, who took over from his father, co-founder Max Laemmle, would eventually hand over the beloved local art-house chain to his son Greg.Los Angeles Times - 11h -
As Art Sales Fall, Christie’s and Sotheby’s Pivot to Luxury
With both supply and demand for big-ticket art in a slump, Sotheby’s and Christie’s are making major bets on selling handbags, classic cars and niche experiences.The New York Times - 22h -
Germany Approves Tribunal to Decide Nazi-Looted Art Claims
The new body will be easier to access and its decisions will be legally binding. But some lawyers and Jewish heirs are not happy with the reform.The New York Times - 18h -
Birkenstock sues ‘copycat’ rivals claiming its sandals are applied art
German maker of fashionable cork-based footwear files three lawsuits alleging copyright infringement. Once sneered at as the preserve of muesli-loving, Guardian-reading hippies, Birkenstocks have ...The Guardian - 19h -
Greggs shares drop on sales slowdown
UK bakery chain blames ‘subdued high street footfall’ for weaker earningsFinancial Times - 23h -
Why Milan looks like an art capital of the future
Gallerists and collectors are drawn by an impressive cultural heritage — and attractive tax arrangementsFinancial Times - 1d -
British luxury carmaker Rolls-Royce says super rich fueling a demand boom for bespoke models
BMW-owned Rolls Royce Motor Cars, like other luxury car brands, has seen an uptick in demand for bespoke and complex car models in recent months.CNBC - 1d -
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How Mark Zuckerberg pivoted Meta to the right
Meta CEO Mark Zuckerberg said Tuesday that he was ending professional fact-checking on Facebook and Instagram.NBC News - 2d -
Six things that will shape women's pro basketball in a pivotal 2025
WNBA free agency (and potentially big trades), Unrivaled's inaugural season, a new WNBA playoff format and possibly a new CBA are coming in 2025.ESPN - 2d -
A Timeline of Justin Trudeau’s Rise and Fall
The Canadian prime minister, who said on Monday he would step down, has spent a quarter-century in the political spotlight.The New York Times - 2d -
Escape from the terrordome: how Netherlands panopticon prisons are being reborn as stunning arts hubs
They were built to instil fear. Now these giant domed jails, which date back to the 1700s, are being turned into creative centres – complete with cells for rent and escape rooms. One of the ...The Guardian - 2d -
December sales provide little cheer for retailers
Black Friday boosted monthly sales, but overall 2024 was a lacklustre year for retail, figures show.BBC News - 3d -
Martial arts head and Trump ally Dana White joins Meta board
Mark Zuckerberg’s move comes as Silicon Valley seeks to build bridges with the incoming presidentFinancial Times - 3d -
Steph drops great one-liner on fiery exchange between Kerr, Christie
Warriors guard Steph Curry responded to Steve Kerr and Doug Christie's fiery exchange with a fitting one-liner after Golden State's loss vs. Kings.Yahoo Sports - 4d -
Broncos clinch playoff berth: Bo Nix breaks Peyton Manning franchise record in pivotal Week 18 win
Nix ended his rookie regular season with a bangCBS Sports - 4d -
Assad’s fall is an opportunity for a US win over China
Trump may believe that Syria is “not our fight,” but the competition with China is very much ours and will undoubtedly be a focus of his administration.The Hill - 4d -
The Art and Importance of Scanning in Soccer
Lionel Messi does it at children’s birthday parties and Xavi was a master of it. But what is it?The New York Times - 4d -
Monk states interim coach Christie has ‘simplified' things for Kings
Malik Monk explained on NBC Sports Californa's "Kings Postgame Live" how interim head coach Doug Christie has "simplified" things for Sacramento.Yahoo Sports - 5d -
Biden plans $8bn arms sale to Israel
Last-minute show of support for US president’s close ally as he nears his final days in officeFinancial Times - 5d -
The Trump sentencing: Curtain to fall on Merchan's Hamlet on the Hudson
After years and millions spent in the various Trump cases, Trump will likely receive an unconditional discharge and sent along his way . . . to the White House.The Hill - 5d -
Man dies in Lake District ridge fall
Members of Keswick Mountain Rescue Team thank fell walkers who went to help.BBC News - 5d -
‘There will be a bit of a slump’: London braced for luxury hotel glut
Biggest number of room openings in more than a decade prompts concerns about oversupply and price cutsFinancial Times - 6d -
Biden Blocks Sale of U.S. Steel to Nippon Steel
The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership from political leaders and the United Steelworkers union.The Wall Street Journal - 6d -
Biden blocks US Steel sale
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Biden blocks US Steel sale President Biden has announced he will block the sale ...The Hill - 6d -
Thai PM declares luxury handbags, watches among $400 million in assets
Thailand's youngest-ever leader has more than 200 designer handbags worth over $2 million, as well as property in London and Japan, her party said.CBS News - 6d -
Ford, Rivian stocks get boost from sales after rival Tesla’s numbers fall short
Rivian and Ford shares are on the rise after both carmakers touted growth in EV sales.MarketWatch - 6d -
Risers and fallers: Max Christie, Jimmy Butler trending in opposite directions
Steve Alexander highlights five names trending upwards and five downwards, with key takeaways for each.ESPN - 6d -
UK mortgage approvals fall in November
Unexpected decline interrupts recovery in housing market activityFinancial Times - Jan. 3 -
With Anthony Davis out, LeBron James and Max Christie lead Lakers past Portland
LeBron James ties Michael Jordan on an NBA record and Max Christie scores a career-high 28 points to lift the Lakers to victory over the Trail Blazers.Yahoo Sports - Jan. 3 -
Tesla sales declined for first time in a decade
Tesla sales for 2024 declined for the first time in 10 years despite enticing financing offers and low-priced leases. CBS MoneyWarch correspondent Kelly O'Grady has more on the alarming trend. ...CBS News - Jan. 2 -
TV, Movies, Music and Art to Look Forward to in 2025
“Severance” is finally back for its second season, three New York art museums are set to reopen and ballet goes extreme.The New York Times - Jan. 2 -
Reinsurance costs fall as sector deploys record capital
Decrease follows two years of bumper profits for providersFinancial Times - Jan. 2 -
Tesla's annual sales drop for the first time in a decade
Tesla's increase in global sales in the fourth quarter was not enough to overcome a sluggish first half of the year.CBS News - Jan. 2 -
The Erdoğan whisperer behind Turkey’s economic pivot
Vice-president Cevdet Yılmaz has played a crucial backstage role managing the turn to financial orthodoxyFinancial Times - Jan. 2 -
All the music, TV, film, art and more to get excited about in 2025
These big comebacks, awards contenders and cultural heavyweights should be highlights of the year.BBC News - Jan. 1
