Business

Chanel unveils sandal that only covers heel, sparking mixed reactions

A new design from luxury fashion house Chanel is raising eyebrows, with some critics wondering if high fashion has gone a step too far. Chanel unveiled its Cruise 2027 collection Tuesday in Biarritz, France, featuring a sandal design that leaves most of the foot exposed, covering only the heel with…

What a UAE exit from OPEC means and why it matters

The United Arab Emirates (UAE) announced Tuesday it would quit membership in the Organization of Petroleum Exporting Countries (OPEC) and OPEC+. It comes after 59 years at the club. But it could be good news for the world in the long run, experts say. To understand what happened, it’s important…

Purdue Pharma sentenced to .5B in opioid criminal case

Purdue Pharma, the manufacturer of OxyContin, was sentenced in federal court on Tuesday and ordered to pay $5.5 billion for its role in fueling the opioid epidemic. The sentencing comes after Purdue pleaded guilty in 2020 on charges of deceiving federal regulators and paying doctors to boost opioid sales. According…

United pilot reports midair drone scare near airport during landing approach

A United Airlines pilot reported a potential collision with a drone Wednesday morning while approaching its destination at San Diego International Airport, according to a flight audio recording. The flight, a Boeing 737 that departed from San Francisco, reportedly struck the object at an altitude of roughly 3,000 to 4,000…

LARRY KUDLOW: Time to say goodbye, Jay Powell

So I guess the Fed chairman, Jay Powell, is not going off quietly into the night. Today is his last meeting as chairman, but he announced his ungentlemanly decision to stay on as a Fed board member for who knows how long. “I’ve said that I will not leave the…