Australiapw

Christie's CEO Bonnie Brennan discussed the significant increase in memorabilia sales, noting a 300% rise, and addressed whether this trend represents the future focus of Christie's auctions. She emphasized that memorabilia is just one chapter in a diverse auction portfolio. She speaks with Romaine Bostick on "The Close."

Sotheby's Chief Executive Officer Charles Stewart says demand for luxury items has been very strong. He says a highlight was the sale of a Tyrannosaurus Rex skeleton named Gus that went for $50.1 million on Tuesday. Bidding lasted about 10 minutes. Stewart speaks on "Bloomberg The Close."

President Donald Trump holds an event in the Oval Office to mark the launch of Trump Accounts, a new investment vehicle for children. Michael and Susan Dell, who made a $6.25 billion donation to support the program, and other executives were on hand. Trump says many companies are "putting up a lot of money."

Hong Kong has overtaken Switzerland as the world’s largest cross‑border wealth centre, holding about US$2.95 trillion of foreign assets compared with Switzerland’s US$2.94 trillion.

Bernstein Private Wealth CIO Alex Chaloff says the market's explosive earnings growth is being fueled by trillion-dollar AI spending from hyperscalers. But while AI may drive productivity and IPO demand, he warns the labor market could be the weak spot as companies increasingly ask what jobs AI can replace.

Citadel founder Ken Griffin says it's clear that New York City Mayor Zohran Mamdani doesn't welcome success because he wants to put special taxes on billionaires. Griffin spoke Tuesday during an interview at the Milken Global Conference.

Pershing Square CEO Bill Ackman says he feels "not great" about New York City Mayor Zohran Mamdani and his idea of taxing billionaires like Ken Griffin on their second homes here. Ackman tells Bloomberg Television that Mamdani should not be trying to drive Griffin out of New York.