Taiwan to invest $250B in US semiconductor manufacturing
The U.S. struck a trade deal with Taiwan as the country looks to help boost domestic semiconductor manufacturing.
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Tech
Fashion Brands Are Missing Out on the Resale Opportunity
As secondhand sales soar, brands are finding reselling their own items is an increasingly attractive proposition even as operational hurdles remain, according to the BoF-McKinsey State of Fashion 2026.
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‘Less Cynical, More Human’: Inside Pierpaolo Piccioli’s Balenciaga Vision
With his latest collection for men and women, Piccioli confirms a softer, less confrontational direction for the Parisian house known for its radical fashion statements. ‘There’s nothing worse than trying to be cool,’ the designer said.
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Chanel, Gucci and… Rosen-X? The Brands Topping Saks’ Creditor List
As Saks Global enters a blockbuster Chapter 11 filing, its creditor list shows who’s exposed — and sets off a scramble for ways to recover unpaid bills.
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Mira Murati’s startup, Thinking Machines Lab, is losing two of its co-founders to OpenAI
The abrupt change in personnel was in the works for several weeks, according to an OpenAI executive.
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The FTC’s data-sharing order against GM is finally settled
The order, first proposed a year ago, bans GM from collecting and then selling geolocation data to third parties, like data brokers and insurance companies.
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Who What Wear UK Appoints Jane McFarland Editor in Chief
She succeeded Hannah Almassi, who joined parent company Future Plc as managing director of women’s UK last July.
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How Watchmakers Are Dealing With Soaring Gold Prices
As gold tops $4,600 per ounce, executives including Breitling CEO Georges Kern are bracing for a hit to margins. Solutions range from seeking new materials to raising prices or postponing gold purchases.
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How Brands Avoid the Brick-and-Mortar Trap
Some retailers are closing stores after opening too many in the wake of the pandemic. Those that are plowing ahead are taking a more deliberate approach — even if it means waiting years for a spot on the perfect block to open up.
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Report: Saks Global Nearing $1.75 Billion Financing Plan Ahead of Bankruptcy Filing
The financing would provide an immediate cash infusion of $1 billion through a debtor-in-possession loan from an investor group led by Pentwater Capital Management and Bracebridge Capital, Reuters reported.
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