Finance

Andy Warhol’s artwork, ‘Silver Car Crash (Double Disaster)’ is displayed while being auctioned at Sotheby’s on November 13, 2013 in New York City. Andrew Burton | Getty Images Check out the companies making headlines midday Monday: Sotheby’s — Sotheby’s shares jumped 57.2% on news that European art collector Patrick Drahi planned to acquire the art
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Actor/producer Brad Pitt accepts the PGA Visionary Award during the 26th Annual Producers Guild Of America Awards last January in Los Angeles. Getty Images Hollywood star Brad Pitt, Steve Job’s widow Laurene Powell Jobs and UK-based stock-picker Neil Woodford are all reportedly investing in a little known “cold fusion company,” the Financial Times said on
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Truist. That’s the new name for the combined banks SunTrust and BB&T, which are in the process of a “merger of equals.” The two banks will operate as Truist Financial, the companies announced on Wednesday, with a new headquarters in Charlotte, North Carolina. Truist came about through a partnership with consultant Interbrand. The companies said
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Bernard Charles, chief executive officer of Dassault Systemes SA. Simon Dawson | Bloomberg | Getty Images French technology company Dassault Systèmes is nearing a deal to acquire Medidata Solutions, according to people familiar with the matter. The likely agreement was reported earlier by Bloomberg, which also published a story in April saying the companies were in
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The “Fast Money ” traders shared their first moves for the market open. Pete Najarian was a buyer of Snap. Brian Kelly was a seller of the S&P 500 ETF. Steve Grasso was a buyer of Ford. Dan Nathan was a seller of Microsoft.  Trader disclosure: Pete is long calls ALLY, CSCO, CYRX, DBX, DVN, FCX,
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Economic forecaster Lakshman Achuthan sees a bearish trend unfolding that should keep Treasury yields at multi-year lows longer than Wall Street anticipates. Achuthan, co-founder of the Economic Cycle Research Institute, builds his case on a single chart showing forward looking inflation measures. His major takeaway: Inflation is in a downturn, and it’s creating an even
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