NBC News Business
Updated: 22 min 9 sec ago
Edward Hopper's famous portrait of economic hardship has just become the new symbol of unbridled wealth. The American realist's 1934 painting, "East Wind Over Weehawken," sold on Thursday for $40.5 million at Christie's sale of American Art.
With its reputation and millions on the line, Adidas has unveiled the "Brazuca," the official soccer match ball of the 2014 World Cup in Brazil.
The U.S. economy grew faster than initially estimated in the third quarter as businesses aggressively accumulated stock, but underlying domestic demand remained sluggish.
Brace yourself: the U.S. is about to go over the "dairy cliff," which could cause milk prices to jump.If Congress is not able to pass a new farm bill before the 2008 farm bill expires at the end of the year, a decades-old law will kick in.
Paper copies of Newsweek, an American news magazine icon that ceased publication last year, will again roll off the presses starting next year.
Detroit's bid to restructure its debts in bankruptcy court — approved by a federal judge Tuesday — marks the beginning of a painful reckoning after decades of financial mismanagement and economic decline.
Billionaire investor Carl Icahn will submit a proposal to Apple's shareholders at the company's annual meeting, calling for Apple to buy back $50 billion in stock, a source told CNBC on Wednesday.
Stocks see-sawed all day before closing little changed on Wednesday as Wall Street sifted through economic reports for hints as to when the Federal Reserve would reduce its stimulus, with investors on shaky ground two days before the release of the November jobs report.
PALO ALTO, Calif. — In an out-of-the-way Google office, two life-size humanoid robots hang suspended in a corner.
The Justice Department plans to bring mortgage fraud cases against several financial institutions early in 2014, using as a template the case that ended last month in JPMorgan Chase's $13 billion settlement, U.S. Attorney General Eric Holder said on Wednesday.
On Nov. 10, 1963, John and Jackie Kennedy spent a quiet weekend with their family at their new custom estate in Middleburg, Va. It was only the second time they had visited; the home had just been finished the month before. The visit ended up being the last family visit to the sprawling ranch home.
Grandparents, have you changed what you buy or how much you spend on your grandchildren because of the weak economy? If so, we want to hear from you for an upcoming story.
When you owe over $18 billion, does selling off a few paintings for $800 million make much difference?
Following news of a strong Black Friday and better-than-expected November sales, a new report on the auto industry is showing signs of a strengthening consumer.
It was the sharpest jump in more than three decades, but housing watchers are already poking holes in the new home sales numbers. After delays due to the government shutdown, data for both September and October were released together, in addition to a large downward revision for August.
One maker has traditionally ranked at the top of the quality, reliability and dependability charts, the other has spent years struggling to reverse its early image of building low-quality econoboxes.
Your colleagues probably do not want to overhear you talking on your cell phone about your cat’s digestive problems.Also, they generally don’t like to see your gaze slip to your iPhone while you are supposed to be having an in-person conversation. Eyes up here, everyone!
Private sector job creation surged in November, with ADP reporting 215,000 new jobs in a number that could put some heat on the Federal Reserve to begin reducing its monthly stimulus.Economists expected ADP to report the private sector created 173,000 new jobs in November.
It's the fastest production car Ferrari ever built. And the most powerful. And, priced at $1.4 million, it's the most expensive.But even if you have the money, you probably can't get the LaFerrari. It's sold out.