The Rosebud sled from the film "Citizen Kane" sold at auction Thursday for $14.75 million, making it one of the most valuable props in movie history, AP reported.
State of play: The movie props auction included an array of other items.
The whip Harrison Ford's eponymous character used in "Indiana Jones and the Last Crusade" went for $525,000.
Macaulay Culkin's knit snow cap from "Home Alone" was set to go up for bid today.
Zoom in: Heritage Auctions said it was already the second-highest-grossing entertainment auction ever. The successful bidders were not identified.
💭 Nathan's thought bubble: I'd pay more for Indy's whip than the Rosebud sled.
President Trump seeks to use both monetary policy and trade policy to help the U.S. government reduce the burden of its debt. It's a major departure from what has long been considered best practice for economic policy.
Why it matters: The president's arguments for interest rate cuts suggest he seeks "fiscal capture," where monetary policy is set not based on economic conditions, but on what will be most helpful for the government as it seeks to manage its interest costs.
Why it matters: The sweeping law locks in Trump-era tax cuts and rolls out a fresh set of deductions, including tax breaks for tips, overtime pay, car loan interest and seniors.
Volatility spiked in the second quarter of 2025, amid record policy uncertainty thanks to tariffs.
Wall Street used this to its advantage, with Goldman Sachs raking in the best trading revenue in history.
Why it matters: The record quarter offers a lesson for investors about not fearing market down days, which are frequently close in proximity to the best market days as well.
Aggressive dip buying is fading for retail investors, according to J.P. Morgan, with new data indicating they're picking up ETFs instead of individual stocks.
Why it matters: Retail investors were good — or got lucky — in April, staying invested when the "smart" money pulled out and missed the start of a huge rally.
Elon Musk may be gone from the White House, but there's someone far more effective now firming up DOGE's legacy: Russell Vought.
Why it matters: The director of the Office of Management and Budget is helping make DOGE's dreams come through — by clawing back $9 billion in federal funding for the Public Broadcasting Service, National Public Radio and foreign aid.
Federal Reserve chair Jerome Powell responded to a pointed letter from the Trump administration on Thursday, offering the central bank's strongest defense to date in attacks over its building renovations.
Why it matters: The letter comes as President Trump denies he will attempt to fire Powell.
President Trump's push to switch the sweetener in Coke to cane sugar could cost thousands of U.S. jobs, an influential corn industry group said.
Why it matters: A can of soda just became a minor political crisis, adding to a White House pile that includes the Jeffrey Epstein controversy, drama at the Federal Reserve, and a near-boiling trade war.
Retail spending rebounded in June after a pullback in late spring, the Commerce Department said on Thursday.
Why it matters: Consumers ramped up spending more than economists anticipated, a sign of resiliency among American shoppers despite concerns that President Trump's tariffs are weighing on the economy.
If President Trump fires Federal Reserve chair Jerome Powell, it would likely bring a period of short-term market volatility — along with higher long-term borrowing costs, as the Fed would be viewed as more subject to a president's whims.
The big picture: Trump appears to be itching to push out the Fed chief he originally appointed, perhaps by claiming that an over-budget building renovation constitutes legal cause.
President Trump has set a radical new course in the U.S.-China rivalry, ceding ground to Beijing in pursuit of a far narrower vision of America's role in the world.
Why it matters: Six months into office, the Trump administration has hollowed out the machinery of American soft power and retreated from key arenas where the U.S. has sought to blunt China's rise.
