“Is it ever sad when fast fashion bites the dust?” Kim France, the founding editor of the seminal Condé Nast shopper Lucky and producer of the popular newsletter “Girls of a Certain Age” said on Tuesday, reacting to news that Forever 21 had filed for bankruptcy. The answer depends on how passionate a consumer is … Read more
In Germany, a country with one of the world’s most extensive public transportation systems, traveling has gotten a whole lot simpler. That’s thanks to the Deutschland-Ticket, or Germany-Ticket, a new type of (almost) all-inclusive travel pass. Priced at just 58 euros, or about $63, for a month of travel, it lets you crisscross the country … Read more
President Trump fueled new speculation this week about a meeting with China’s top leader, Xi Jinping, when he told reporters that Washington needed to be cleaned up to prepare for a summit between the two leaders in the “not too distant future.” Mr. Trump provided no details, and China has said nothing publicly about any … Read more
The stock market has fallen fast over the past month. Business and consumer sentiment is souring, and investors are afraid that economic data will soon start to show deeper cracks. The question on Wednesday: Will the Federal Reserve also express concern about the path ahead? So far, Fed officials have largely avoided commenting on an … Read more
The Federal Reserve is set to extend its pause on interest rate cuts on Wednesday as President Trump’s aggressive approach to tariffs and other economic policies fuel extreme uncertainty about the outlook for inflation, growth and unemployment. A decision to stand pat would keep interest rates at 4.25 percent to 4.5 percent, a level that … Read more
As questions continue to swirl around Washington about the future of TikTok, the name of one potential suitor for the popular video app keeps coming up: Oracle. On Tuesday, Oracle met with top aides on Capitol Hill to talk about how the U.S. tech giant, which processes and serves TikTok user data, plans to work … Read more
California regulators granted Tesla a permit on Tuesday to operate a ride service in the state, an early step toward the electric car maker’s ambitions of having its own robot taxi fleet. The permit, issued by the California Public Utilities Commission, allows Elon Musk’s company to “transport Tesla employees on a prearranged basis and in … Read more
The Justice Department on Tuesday charged Carl Erik Rinsch, whom Netflix hired to make a science-fiction series that was never completed, with an $11 million scheme to defraud the company. According to the indictment, which was announced by prosecutors for the Southern District of New York and the Federal Bureau of Investigation’s New York Field … Read more
The agriculture industry has plenty of complaints about trade. The National Pork Producers Council says the European Union puts the U.S. pork industry at a disadvantage. The council is none too happy with trade practices of Ecuador and Brazil, either. The USA Poultry and Egg Export Council, for its part, has a gripe with India. … Read more
The newly appointed head of one of the nation’s top housing regulators tightened his grip on the agency with a major board shake-up on Monday at two government-controlled mortgage finance firms. William Pulte, the director of the Federal Housing Finance Agency, ousted 14 board members at Fannie Mae and Freddie Mac and named himself chairman … Read more