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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)...
Outages on Shopify’s e-commerce platform have been resolved, the company said late Monday, bringing to an end a daylong glitch on the annual ‘Cyber...
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...
There’s still a long way to go — but U.S. consumers are starting to feel better about the economy. The University of Michigan’s monthly...
Taylor Swift’s Eras Tour is boosting the U.S. economy. Ticket sales for Swift’s concerts have been so explosive, one Federal Reserve office said, the...
The Federal Reserve raised its key federal funds rate 10 times since March 2022 — something it hasn’t done as aggressively since the 1980s....
It took a while, but people are just about done catching up on experiences lost during the pandemic. While a minority of high-dollar travelers...
Inflation fell to 3% in June — the 12th-consecutive month of declines. Forecasts called for 12-month consumer price increases to slow from 4% in...
For much of the post-pandemic period, U.S. consumers have experienced rapid price increases that touched nearly every aspect of the economy, from food and...
Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without...
As inflation continues to slow, shoppers are finally getting some relief at the grocery store. Rising food prices have been among the biggest drivers...
Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market. Nonfarm payrolls increased 209,000 in June...
Microsoft confirmed Monday that it’s eliminating additional jobs, a week after the start of its 2024 fiscal year. The cuts are in addition to the...