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Michael Kors nears to buy Versace for $US2 billion

And it comes as the Michael Kors business still hasn't been turned around, despite some progress made. Models present creations at the Versace show during Milan Fashion Week Spring 2019 in Milan on Friday. "They didn't feel the need to invest...

Amazon to open 3,000 brick-and-mortar stores by 2021

The initial store's hardware alone cost more than $1 million, according to AdAge .According to AdAge, an anonymous source revealed Amazon is considering a plan to open about 10 Amazon Go locations by the end of the year. It would also give Amaz...

Coca-Cola in talks to create marijuana-infused ‘wellness drinks’

Coke's possible foray into the marijuana sector comes as beverage makers are trying to add cannabis as a trendy ingredient while their traditional businesses slow. Aurora was up more than 15% in early trading Monday following the report. Rather, the ...

Apple Issues Letter Responding to President Trump’s Proposed Tarrifs

By 2021, based on International Monetary Fund economic forecasts, the USA would lose about 1 percent of its annual output or about $230 billion while China would lose 0.6 percent of its $18 trillion economy that year or $110 billion. On Apple's ...

New NAFTA deal sought between USA and Canada, World Business Report

At the same time, Trump needs a win on trade ahead of the US midterm elections in November that will test the president's ability to keep control of Congress. One of the major sticking points in the talks is a so-called dispute resolution system, con...

Chinese Billionaire Arrested in Minneapolis, Later Released

But, contrary to the company's statement , Minneapolis police have not actually cleared Liu of wrongdoing and have instead said that they are now investigating the allegation against him. Elder said he did not know if Liu was being represented in ...

Trump threatens Congress - Stay out of my plans for NAFTA

While the law, on average, added an extra $33,000 to the coffers of the richest taxpayers, only two percent of workers reported receiving a pay increase or bonus after their corporate employers benefited enormously. "I think the key decision was fr...

China's Xi offers $60 bn Africa aid, says 'no strings attached'

All but six of the over 40 African leaders and heads of state and government attended the 3rd Summit chaired by the Communist leader Xi Jinping to definitely tighten China's grip over Africa and to deepen Africa's dependency on China. A study by the ...

Donald Trump Cancels Pay Raises For Federal Employees

Trump wanted to freeze federal pay in the 2019 budget, but the Senate included a 1.9 percent increase in its plan. Trump said he was nixing a 2.1 percent across-the-board raise for most workers as well as separate locality pay increases averaging...

Trump announces trade deal with Mexico, says he will ditch Nafta name

He announced the progress from the Oval Office, with Mexican president Pena Nieto joining in on speakerphone. The North American Free Trade Agreement (NAFTA) has drawn most of Trump's criticism. US automakers have opposed raising the North Americ...

National Enquirer boss granted immunity in Cohen probe

His company allegedly was involved in the hush-money deals, involving payments to porn star Stormy Daniels and former Playboy model Karen McDougal to shut down allegations of affairs with President Trump . " Trump certainly would not have autho...

Trump asks U.S. SEC to consider switch to half-year corporate filings

On Twitter , Trump said that one executive had suggested the change as a way to boost business, but did not name the individual or the company. While some business leaders have groaned about the rigours associated with having to disclose financial...

U.S. tariffs to stay on Turkey, Qatar offers Ankara aid

Lawmakers in Washington passed a bill effectively delaying the shipping of F-35 fighter jets to Turkey. The US pastor, who has already spent almost two years behind bars in Turkey, has denied the charges , calling them "shameful and disgusting"....

White House Calls On Turkey to Release American Pastor Andrew Brunson

Turkey's lira , meanwhile, dropped nearly 3 percent to almost 6 per dollar again, having recovered ground rapidly in recent days. "We have put sanctions on several of their cabinet members", Mnuchin told President Donald Trump in a cabinet m...

White House apologizes over wrong African-American jobs claim

During the briefing, as she sought to defend the President's record on race, Sanders said Trump has already tripled Obama's record over eight years for creating jobs for black workers. The lack of diversity in President Donald Trump's administratio...

President Erdogan says crash of lira ‘political plot’ against Turkey

Since some of Turkey's debt is in dollars, it's also making the country's financial situation worse. In an interview with the newspaper Hurriyet, Treasury and Finance Minister Berat Albayrak also said the government had no plans to seize foreign cu...

Elon Musk Reveals Details of Tesla V9.0 Software, Including Early Access

Tesla did not immediately respond to a request for confirmation or clarification. They did come from Musk's verified Twitter account but it's possible that someone could have hacked the account and published the tweets to manipulate share value for...

Apple is officially worth more than $1 trillion

Since the death of legendary Apple co-founder and pitchman Steve Jobs in 2011, analysts have watched for the company to wow the world with the next "big thing" that will shake up culture and fuel revenue like the Macintosh, the iPod or the iPhon...

Harley goes adventure-touring | Meet the Pan America 1250

In an investor communication, Harley-Davidson said, "We intend to enter into a strategic alliance in Asia to launch a 250-500cc motorcycle within 2 years in India, and into other emerging markets in Asia over time". Lastly, the company announced that...

Trump touts economy: 'These numbers are very, very sustainable'

Few economists outside the administration agree with this claim . "If one controls for the impact of the one-time increase in government spending, temporary tax boost and exports, that robust topline growth rate is closer to 3 percent". Spending on ...

Facebook shares sink on flawless storm of bad news

Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma, in recent years has trimmed, but not eliminated, the amount of Facebook shares in his clients' accounts, and he said he sees the company as a three-year inve...

USA to impose sanctions on Turkey over detained pastor

Vice President Mike Pence in a tweet threatened to impose "significant sanctions on Turkey until this innocent man of faith is free". Perkins, who is also the president of the Family Research Council, said he does not think it a mere coinci...

Trump blasts Fed, threatens to put tariffs on all Chinese goods

Excerpts of the CNBC interview were released yesterday in which Trump criticized the Federal Reserve for raising interest rates. More than 70 percent of Republican and Republican-leaning US adults believe increased tariffs between the United St...

Trump Blasts EU's Fine on Google

The bundle contains 11 apps, including YouTube, Maps and Gmail, but regulators focused on three that had the biggest market share: Google Search, Chrome and the company's app store, called Play Store. European Union officials on Wednesday also ordere...

May says her Chequers plan on #Brexit is not dead

Earlier this month, on the 9th, rumours spread that Mrs May was about to face a leadership challenge from pro-Brexit Tories as she met in private with the 1922 Committee. "Instead we dithered. We burned through negotiating capital". "We must try ...

EU Fines Google $5 Billion for Breaching Antitrust Rules in Android

The EU Commission said that Google committed antitrust violations in three ways: It required manufacturers to pre-install Google Search and the Chrome browser on Android devices, paid manufacturers and mobile operators on the condition that they ...

Tesla sells 200,000th auto, starting phaseout of federal tax credits

The change represents a net price increase for Tesla buyers. In an email exchange with Tripp, Tesla CEO Elon Musk called him "a terrible human being". The category - which includes battery-powered, plug-in hybrid and fuel-cell automobiles - r...

Iran's oil minister has hit back at Trump over production demands

Canadian oil prices are poised to continue their slow, steady march upward next year as shipping bottlenecks ease and U.S. refiners look north to fill the gap created by decreasing output from Venezuela, according to Deloitte. OPEC together with a ...

Tesla to close a dozen solar offices in nine states

Before the merger, Musk had served as chairman of SolarCity's board of directors. The locations to be closed include those in the high-volume markets of California, Maryland, Arizona, New Jersey and NY, as well as smaller and less promising marke...

Markets fall after Beijing accuses Washington of 'blackmail'

Separately, the Chinese Commerce Ministry has hit back accusing the USA of blackmailing by threatening to slap additional tariffs on Dollars 200 billion of Chinese goods and warned that it would hit back with comprehensive measures if Washington went...

One deputy killed, another in critical condition in Kansas City, Kansas

The surviving deputy is female. The suspect also was shot and was operated on at the hospital. The investigation into the shooting is continuing. One of them said he heard gunfire, looked outside, and heard a woman screaming that her husband ha...

GREAT AGAIN: Fed RAISES 2018 Economic Outlook, HIKES Interest Rates

The central bank raised its key short-term rate today by a modest quarter-point to a still-low range of 1.75 percent to 2 percent. Other changes included referring to "further gradual increases " instead of "adjustments". Eighteen of the 23 dealers ...

IHOP changes name to IHOB, internet has a lot of fun

The news website says that they changed their name because they now " burger " just as well as they "pancake". A week later, IHOb announced that the "b" in their new name stands for "burgers". It remains to be seen whether the change will be perm...

Trump delivers warning on trade as he leaves G-7 summit

Russian President Vladimir Putin walks to speak to the media after his annual call-in show in Moscow, Russia, Thursday, June 7, 2018. Previous G7 summits have seen large-scale anti-globalization protests, but Trump was a main target of the demonstr...

US Reaches Deal With China's ZTE - Secretary of Commerce

Bureau of Industry and Security within the Commerce Department. US President Donald Trump came under criticism for announcing last month that he would reverse the ban , with some lawmakers warning that payments do not address security concerns ove...

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Breaking News

Why Cold Snaps Don't Disprove Climate Change

The climate assessment is required by law every few years. One benefit the report may have, even despite a lack of media coverage, may be to weaken the administration's legal...

Bitcoin Dips Below $5,000 For The First Time In 13 Months

The free fall in crypto prices is pretty steep at the moment. BTC/USD is down more than USD 1,000 and it is now (UTC 08:30 AM) trading below the USD 4,500 level. Past year the ...

Amazon Has Made its Decision...Ocasio Cortez Is Not Happy

Amazon has amassed an unduplicated database of available sites and cities' strengths and weaknesses from the volumes of HQ2 proposals submitted. The company said the new fac...

MI becomes first Midwest state to legalize recreational marijuana

Many opposed to the measure argued that the proposal was too unstructured as it would have allowed for people to grow and possess as much cannabis as they want. "This is yet anothe...

What you need to know about the Pa. midterm elections

Laying into the tangled legal scandals enveloping the Trump administration - especially the possible collusion between his presidential campaign and Russian operatives - Obama sc...

Apple Will No Longer Report Hardware Sales Figures

Apple's faithful customers aren't snapping up iPhones quite as enthusiastically as anticipated heading into the crucial holiday shopping season. Sure enough, in the three month p...

Crude oil is doing something it hasn't done in years

The reign as world's biggest oil producer may be short-lived: Russian Federation in September produced 11.37 million barrels a day and they may be above 11.4 million in October....

IBM buying North Carolina-based Red Hat in $34B deal

Both Red Hat and IBM said the combined company will accelerate "hybrid multi-cloud adoption". "IBM's commitment to keeping the things that have made Red Hat successful - always t...

Wall Street resumes selloff; S&P flirts with correction

The Dow Jones Industrial Average lost more 2.4 percent, losing more than 600 points to end at 24,583.42. The Dow dropped 296.24 points, or 1.2 percent, to 24,688.31. Caterpill...

China 'creates two billionaires a week'

According to the Billionaires Insight Report , "China's billionaire entrepreneurs are leading their country's economic transformation, and by extension that of the rest of Asia"....

Special Reports

Lottery boom in Arizona continues; another $1M ticket sold near Phoenix

Lottery boom in Arizona continues; another $1M ticket sold near Phoenix

The six winning numbers drawn on Tuesday night were 5, 28, 62, 65, 70 and 5 again as the special Mega Ball. No ticket matched all six numbers for the prize Wednesday night, makin...

Saudi Arabia has 'no intention' of 1973 oil embargo replay

Saudi Arabia has 'no intention' of 1973 oil embargo replay

Khalid al-Falih said if the kingdom has to use its oil reserves if it wants to cover 3 million barrels per day of oil loss from Iran. The United States warned Russian Federation ...

Jamal Khashoggi case: Liam Fox rejects Saudi summit

Jamal Khashoggi case: Liam Fox rejects Saudi summit

Karen Attiah, the Global Opinions editor at The Post , wrote a note at the top of Khashoggi's newest article. "I do think it's important that everyone keep in their mind that we...

Trump says allegations against Saudis are example of

Trump says allegations against Saudis are example of "guilty until proven innocent"

Saudi Arabia has denied these reports . Turkish officials would not comment on the disposal method for the body, pending investigation and a planned search of the consul's resi...

Netflix surges on user gains, strong profits

Netflix surges on user gains, strong profits

These new subscribers brings Netflix total subscribers to 137 million a userbase that is only behind YouTube's 192 million when looking at streaming services. During the September ...