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Prada Group says it has purchased fashion rival Versace in a deal worth nearly $1.4 billion

MILAN — The Prada Group announced Tuesday that it has officially purchased Milan fashion rival Versace in a 1.25 billion euro (nearly $1.4 billion)...

4 days ago

Stock

Apple’s AI chief abruptly steps down

Apple’s top artificial intelligence executive is stepping down and will retire in 2026, the company announced Monday. John Giannandrea had been at Apple since...

4 days ago

Economy

On Monetary Premia

In chapter six of Paul Seabright’s great Company of Strangers: A Natural History of Economic Life, we’re treated to an account of the monetary...

January 1, 2024

Economy

Inflation: It’s Not the Supply Side

Many influential figures claim that supply-side improvements explain easing price pressures. This view is especially common among those affiliated with the Biden administration. A...

January 1, 2024
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