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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)...

6 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...

7 days ago

Economy

FOMC Raises Rates in July

As expected, the Federal Open Market Committee raised its target for the federal funds rate. The new range is 5.25-5.50 percent. The Federal Reserve’s...

July 26, 2023

Economy

Central Bankers, Let the Price System Work!

Inflation is coming down, but the future of monetary policy remains uncertain. There’s widespread disagreement about central bankers’ next move. That includes some members...

July 26, 2023
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