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Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group
Saks Fifth Avenue store at the Waterside Shops. John Greim | Lightrocket | Getty ImagesSaks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers.The…
An education scandal years in the making
Members of the Youth Congress are protesting against the alleged government irregularities, paper leaks, and a sharp rise in perfect scores in the state of Jammu and Kashmir. (Photo by Firdous Nazir/NurPhoto via Getty Images)Nurphoto |…
Bitcoin (BTC) price slides to 2-month low after Fed meeting minutes
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year.STR | Nurphoto via Getty ImagesBitcoin's price slumped to around $57,000 apiece Thursday, hitting a…
Gen Zers, millennials ‘quiet vacation’ during Fourth of July week
A record 70.9 million people are expected to travel this week for the Fourth of July, AAA reports, marking the busiest Independence Day holiday ever — but not everyone is asking their boss for time off.More than half of Gen Z workers and…
This travel company teaches Americans how to move to another country
For some people, the goal of traveling abroad is to go somewhere entirely different from home. For Ikiah McGowan, much of her international travel is fueled by the desire to find a place that feels like home — but outside the U.S.That's…
China EVs hit with EU tariffs; Nio says it may have to raise prices
The European Union on Thursday confirmed its decision to hike tariffs on electric vehicles imported from China — with one automaker issuing fresh warnings that it may have to raise prices as a result. The European Commission, the…
Is inflation Biden’s or Trump’s fault? The answer isn’t so simple
Former President Donald Trump, left, and President Joe Biden face off in the first debate of the 2024 presidential campaign, in Atlanta, June 27, 2024.Andrew Harnik | Getty Images News | Getty ImagesThe recent U.S. presidential debate…
Novo Nordisk weight loss drugs linked to rare eye condition: study
A box of Ozempic and contents sit on a table in Dudley, North Tyneside, Britain, October 31, 2023. George Frey | ReutersNovo Nordisk investors appeared unperturbed Thursday by a critical Harvard report that linked weight loss drugs to a…
SoftBank shares hit record high after 24 years on Arm and AI boost
Masayoshi Son, CEO of SoftBank, speaks during the company's annual general meeting in Tokyo on June 20, 2024.Kosuke Okahara | Bloomberg | Getty ImagesSoftBank Group shares hit a record high on Thursday, just as the company's massive tech…
China hopes for solution with EU on EV tariffs ‘as soon as possible’
Employees work on the assembly line of electric vehicles in a digital automotive factory of Jiangling Motors on May 17, 2024. Vcg | Visual China Group | Getty ImagesBEIJING — China hopes to reach an agreement with the European Union soon…