A B.C. court has blocked billionaire Ruby Liu’s bid to take over former Hudson’s Bay stores, citing concerns about her financial capacity and lease commitments.
Japan’s Okada Museum is auctioning 125 works—including Hokusai’s The Great Wave—to help its founder Kazuo Okada pay a $50 million legal bill tied to his dispute with Steve Wynn.
Amid rising costs and slowing art sales, Art Basel is offering booth-fee discounts—20 percent for first-time galleries and 10 percent for second-timers—to help sustain the fair ecosystem and support emerging exhibitors.
French investigators are analyzing DNA evidence and new video footage after a $102 million jewelry heist at the Louvre’s Apollo Gallery. The daring eight-minute theft has renewed scrutiny of the museum’s security system.
The Palais de Tokyo removed Cameron Rowland’s Replacement (2025)—a work that replaced the French flag with Martinique’s—after deeming it “potentially illegal.” The act has ignited discussion about colonial legacies and artistic freedom in France.
Gen Z is reshaping the art world by merging fine art, fashion, and digital collectibles into one identity-driven culture. From sneakers and handbags to AI-generated art, the new generation is collecting as a form of self-expression—where the gallery meets the Instagram feed.
Nearly half of Kalshi users faced glitches during college football games, but the company confirmed no funds were lost. The platform resumed normal operations after temporary delays affected web and app services.
Global companies are slashing jobs amid AI adoption, but experts say the technology is often used as an excuse for layoffs. Overhiring and business pressures may be the real reasons behind the cuts.
Anthropic, the AI startup founded by the Amodei siblings, faces criticism from Trump’s AI czar while racing against OpenAI for market leadership. The company champions stricter safety and transparency rules, contrasting with OpenAI’s regulatory stance.
Gold fell more than 2% on Friday after reaching a record above $4,300 per ounce, pressured by a stronger dollar and President Trump’s tariff remarks. The metal is still poised for a strong weekly gain amid safe-haven demand.
