Coca-Cola shares jumped more than 4% after the company posted earnings and revenue that topped analyst expectations. United Technologies advanced nearly 2%.US Marketsread more
The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
In advance of Amazon's earnings report on Thursday, Craig Johnson says the stock chart is pointing to big gains. Mark Tepper also likes the stock.Trading Nationread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a month-long truce.Marketsread more
Lawmakers, industry representatives and advocates are testifying to the Senate committee about the challenges that cannabis companies face in states where medical or...Health and Scienceread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The Rockefeller sale may have set a new record for records.
The sale of the Peggy and David Rockefeller Collection at Christie's, which wrapped up Friday night, reached a total of $832.6 million. It is now officially the largest auction of a single collection ever.
And there were 22 records set during the auction for certain artists or items, including new auction highs for Monet (a water lilies painting that went for $84.7 million) and Matisse ( "Odalisque Couchee aux Magnolias" went for $80.7 million).
The sales total blew past the estimate of $500 million, as bidders from 53 countries vied for a piece of Rockefeller family history. Some of the pieces sold for 10 times or even 100 times their estimates. Over 80,000 people visited the exhibit as it toured the world in Hong Kong, London, Paris, Los Angeles, Beijing, New York and Shanghai.
Picnic set given to the Rockefellers by the king of Morocco
"The level of engagement around the world reaffirms the resonance of Christie's name as well as continued global interest in collecting," said Marc Porter, chairman, Americas for Christie's.
Among the more colorful highlights:
All of the proceeds of the auction will go to charities that were designated by David Rockefeller before his death in 2017. Among the beneficiaries: Harvard will get $100 million, the Museum of Modern Art will get $100 million and the Rockefeller Brothers fund will receive $250 million.
Other beneficiaries include the Council on Foreign Relations, the American Farmland Trust and the Maine Coast Heritage Trust.
Set of china used by Napoleon
"These funds will provide very meaningful support to important institutions and foundations devoted to scientific research and higher education, support for the arts, foreign policy, and the conservation of coastal and agricultural lands," said David Rockefeller Jr., David Rockefeller's son. "This was an experience that beautifully and thoroughly conveyed Peggy and David Rockefeller's great passion for art, design, craftsmanship and beauty. Just as my siblings and our own children are full of pride and gratitude at the end of this historic week, we know our parents would feel the same."