Business Update

As more people tune in for the “theater” of high-end auctions, Bonnie Brennan is trying to convert them into clients. Source link

Changes in the tax law will have different effects on people who take the standard deduction versus high earners who itemize. Source link

The U.S. seizure of a vessel off Venezuela is likely to squeeze the country’s government, but do little to counter the tankers that secretively move oil from sanctioned countries. Source link

After making a fortune on Wall Street, he bought The Nation magazine and founded The New York Observer, which one writer called a “maypole of Manhattan gossip and intrigue.” Source link

Corporate tax revenue has quickly dipped since Republicans passed tax cuts this summer. But economists think these tax breaks might be worth it. Source link

Fed officials explained their opposition to the central bank’s decision this week to cut interest rates by a quarter of a percentage point. Source link

The lawsuit was a warning to European officials who are racing to agree to a plan to use Russian government assets in Europe to lend money to Ukraine. Source link

The Oracle co-founder has pledged billions to finance Paramount’s takeover bid for Warner Bros. Discovery — which has questions about his commitment. Source link

A retired lawyer lost the money in a tech support scam, a type of online fraud that is surging. Citibank said it couldn’t recover the funds, which criminals wired from inside his account. Source link

Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay. Source link