The owners of Gucci on Monday bought a prime Fifth Avenue retail property for a whopping $963 million — and it could mean the boot for rival fashion house Armani from its flagship location. Guccis parent Kering scooped up the 115,000 square-foot, three-level retail space at 715-717 Fifth Ave., at East 56th Street, which sits
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The value of an average used Tesla has toppled more than $1,500 so far this month, according to a new report. On Jan. 1, a used Tesla retailed for $37,090, according to data from auto-shopping website CarGurus. Just 20 days later, as of Jan. 21, the standard used Tesla runs for $35,554, marking a $1,536
Donald Trump stormed out of a courtroom on Friday as closing arguments began in a damages trial in New York. A jury found Trump liable last year for sexually abusing E Jean Carroll in a New York department store in the 1990s and defaming her after she wrote about the incident. The current trial focuses
The BBC has pulled an episode of Dragons’ Den from iPlayer over concerns about “unfounded claims” that a product could cure ME. In the episode, which first aired on 18 January, businesswoman Giselle Boxer said she had used “diet, acupuncture, Chinese herbs and ear seeds” to help her recovery from ME (myalgic encephalomyelitis), also known
A promise by the incoming National Lottery operator to slash the price of a ticket from £2 to £1 is under review. Allwyn has also said delayed plans for new draw-based games will impact sales and the amount of money it can give to good causes in the early part of its 10-year licence. The
In this article INTC Follow your favorite stocksCREATE FREE ACCOUNT Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel shares dropped in extended trading on Thursday after the chipmaker issued an outlook for the first quarter of 2024 that
Kia’s sporty EV6 GT is getting a facelift. The new EV6 GT was spotted for the first time, boasting an aggressive design update and new Active Air Skirt technology. Kia unveiled the EV6 GT in 2022 as its most powerful vehicle. With 576 horsepower, the high-performance EV can sprint from 0 to 60 sprint in
Hyundai sold 268,785 EVs last year as demand for the IONIQ 5 and IONIQ 6 picked up. The South Korean automaker plans to strengthen its leadership in the EV market, with new models gaining momentum. Hyundai sold 268,785 EVs in 2023 During the last three months of 2023, Hyundai sold over 57,975 electric vehicles globally.
The King has gone into hospital for prostate treatment, Buckingham Palace has said. In a statement, it added: “The King was this morning admitted to a London hospital for scheduled treatment. “His Majesty would like to thank all those who have sent their good wishes over the past week and is delighted to learn that
In this article MSFT .BBKA Follow your favorite stocksCREATE FREE ACCOUNT Microsoft CEO Satya Nadella listens to an audience member’s question during the company’s annual shareholder meeting in Bellevue, Washington, Nov. 30, 2016. Stephen Brashear | Getty Images News | Getty Images Microsoft will lay off around 1,900 employees in its Gaming unit, or around
Donald Trump gave evidence for just three minutes on Thursday in a defamation trial to determine how much he may owe a writer for calling her a liar after she accused him in 2019 of rape. E Jean Carroll, 80, is seeking more than $10m (£7.87m) in damages over his denials when he was US
Just three weeks into 2024, one of the most eye-catching developments in financial markets has been a surge in issuance of corporate debt – the activity by which companies raise money selling bonds to investors. According to data from London Stock Exchange Group, investment-grade companies have issued $153bn (£120bn) worth of bonds this month, the
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Slaven Vlasic | Getty Images Elon Musk said Chinese electric automakers will find “significant” success outside of China, even as
Elon Musk has disclosed that Tesla is currently aiming for its next-generation electric vehicles, which will include a much cheaper electric car, to come in late 2025. At Tesla’s 2023 Investor Day in March, the automaker unveiled a new car manufacturing system, which CEO Elon Musk claimed would be faster, more efficient, and enable the production of
Manchester City have been overtaken in an annual global football club money ranking, with an old foe from Spain reclaiming the top spot. The 27th edition of the Deloitte Football Money League placed Real Madrid at the head of the pack for the first time since 2017-18, with Premier League clubs losing ground in the
A prisoner in Alabama is set to become the first inmate in America to be gassed to death with nitrogen after the US Supreme Court declined to halt his execution. Convicted murderer Kenneth Smith is set to be executed on Thursday after his legal bid to have the method declared unconstitutional failed. Smith’s survival following
In this article IBM Follow your favorite stocksCREATE FREE ACCOUNT IBM CEO Arvind Krishna speaks during the Business 20 (B-20) Summit in New Delhi on Aug. 25, 2023. Prakash Singh | Bloomberg | Getty Images IBM shares rose as much as 6% in extended trading on Wednesday after the tech and services provider announced fourth-quarter
The new affordable Kia EV3 and EV4 models are ready for production following the brand’s first EV plant upgrade. Once up and running, the site will exclusively build EVs, including Kia’s new entry-level models. Kia EV3 and EV4 ready for production Following an eight-month transformation, Kia’s manufacturing plant in Gwangmyeong will resume operation next month.
Jan 24, 2024, 03:48 PM ET Open Extended Reactions Argentine Ricardo Gareca will be Chile‘s new coach, tasked with trying to guide them to the 2026 World Cup. Chile’s national team released a video on X on Wednesday showing the national stadium in Santiago that faded to an image of a tiger’s face. Gareca’s nickname
First-time mothers battling apocalyptic flooding – it’s a storyline we’d like to confine to the realms of fantasy drama – but the author of The End We Start From says it’s a case of fiction becoming reality. Megan Hunter tells Sky News: “It was the dystopian future novel. But now when people talk about the