Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
In 1494 Luca Pacioli, known as the Father of Modern Accounting, wrote the first practical how-to book on succeeding in business. It introduced many bookkeeping methods that are used today and is considered to have prefigured many aspects of the modern business world. Now the Italian mathematician's book is set to go on the auction block — and Christie's specialists claim it could fetch as much as $1.5 million.
Pacioli's "Summa de Arithmetica" represents the pinnacle of mathematical knowledge in the Renaissance and is an icon not just of Renaissance learning but of the history of human knowledge, claims the specialists at Christie's.
Pacioli was one of the first to recognize the study of economics as a liberal art. "Summa de Arithmetica" codifies the mathematical foundations of our modern and technological world and includes mathematics, computing and is the first published description of double-entry bookkeeping.
According to Christina Geiger, head of books and manuscripts at Christie's in New York, Pacioli's achievement is one of the great untold stories of the Renaissance. "As Leonardo and others made revolutionary strides in art and Machiavelli did for politics, so too did Pacioli for business. ... The mathematical principles of the most vital features of contemporary finance are all present in the Summa de Arithmetica," she said.
On Monday through March 8, "Summa de Arithmetica: The Birth of Modern Business" will be on display at Christie's auction house in New York City before heading to San Francisco next month, then Hong Kong in May. The book will be returned to New York City to be auctioned off at Christie's on June 12.
In writing the "Summa de Arithmetica," Pacioli sought to include all the mathematical knowledge available at the close of the 15th century, which saw the European adoption of Hindu-Arabic mathematics and its synthesis with rediscovered ancient Greek knowledge.
Pacioli was also collaborator and friend of the famed artist and inventor Leonardo da Vinci. The two shared a home in Milan for five years, where they worked together on mathematics and perspective for several productive years that included Leonardo's creation of "The Last Supper," until both were forced to flee following the French invasion.
In 2018 Christie's global auction, private and digital sales totaled $7 billion.