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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)...

December 3, 2025

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...

December 3, 2025

Economy

Music Has No Economic Value

Music doesn’t have economic value.  Now, that’s an eye-popping proposition if I ever saw one, so please allow me to flesh it out. The...

December 23, 2023

Economy

Inflation Undershoots Fed Projections

After years of underestimating inflation, Federal Reserve officials now appear to be overestimating it. The personal consumption expenditures price index (PCEPI), which is the...

December 23, 2023

Economy

Dollarization Is Not Magic

In a recent New York Times article, Paul Krugman dismisses the idea that dollarization might improve Argentina’s economy. He describes dollarization as a magical...

December 23, 2023
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