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Investing

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…
Investing

Starbucks to pay about $35M to NYC workers to settle claims it violated labor law

Starbucks will pay about $35 million to more than 15,000 New York City workers to settle claims it denied them stable schedules…
Investing

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…
Investing

Airbus says most of its recalled 6,000 A320 jets are now modified

PARIS — Airbus fleets were returning toward normal operations on Monday after the European plane maker pushed through abrupt software changes faster…
Investing

Campbell’s fires executive accused of racist remarks and labeling food for ‘poor people’

Campbell’s has fired an executive accused of making racist comments and mocking its products and customers, the company announced on Wednesday. The…
Investing

Bitcoin and other crypto assets sink in flight from risk

Bitcoin and ether slumped to multi-month lows on Friday, with cryptocurrencies swept up in a broader flight from riskier assets as investors…
Investing

Stock market sinks as AI and interest rate worries grip investors

What began as a banner day for stocks turned into a major rout, as investors signaled ongoing skepticism about the longevity of…
Investing

Bargain hunters drive Walmart sales and outlook higher

Shoppers are still flocking to Walmart. The company raised its full-year earnings and sales outlook Thursday, heading into the crucial holiday shopping…
Investing

U.S. added 119,000 jobs in September, but there are signs of a weakening labor market

The United States added 119,000 jobs in September, a stronger-than-expected figure and a sign that the economy was adding jobs at a…
Investing

What AI bubble? Nvidia’s strong earnings signal there’s more room to grow

U.S. stock markets were poised for lift off Thursday, after a strong earnings report from computer chip giant Nvidia signaled that there…
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