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BUSINESS NEWS
- Giorgio Armani’s will requires the sale of a 15% stake in his empire within 18 months of his death. LVMH, L’Oréal and EssilorLuxottica may split it
by Colleen Barry, The Associated Press on September 27, 2026 at 6:18 pmChief Executive Giuseppe Marsocci told reporters backstage at the runway show that there were no favorites and that the stake could potentially be split among all three companies.
- The U.S. economy is running hot and stuck on a hamster wheel as GDP growth must outpace borrowing costs—or else get sucked into a debt spiral
by Jason Ma on September 27, 2026 at 5:24 pm"With interest rates on new Treasury bonds and notes at around 5% and medium-term nominal economic growth expected to be closer to 4%, the U.S. is entering a debt spiral."
- British police arrest five men for allegedly preparing a terrorism attack with explosives on a base used by U.S. bombers for Iran war
by The Associated Press on September 27, 2026 at 3:04 pmRAF Fairford, about 100 miles west of London, is one of several bases in Britain that has been used by the U.S. Air Force under an agreement dating from the 1950s.
- As soaring energy prices crush businesses, France rolls out a new $500 million aid package, including help with commuting and heating costs
by John Leicester, The Associated Press on September 27, 2026 at 2:31 pmFuel prices that have spiked since the start of the Iran war on Feb. 28 are dealing a hard blow to small businesses across Europe.
- One of the most biting insults in Alaska politics is hitting someone with the ‘Lower 48’ label — and it’s central to the U.S. Senate race
by Becky Bohrer, The Associated Press on September 27, 2026 at 2:21 pmThe pejorative label reflects a mystique about Alaska, which outsiders often refer to as “The Last Frontier."
- As AI giants warn of existential risk, they can also build a competitive moat via safety. ‘It’s genius and they’re all going to make a lot of money’
by Garance Burke, The Associated Press on September 27, 2026 at 2:04 pmAI giants can block smaller competitors' growth by positioning themselves as the safest bet for investors, according to Harrison Rolfes, a Pitchbook senior research analyst.
- Baby boomers are setting up a showdown with millennials, aging in place and plunking down hundreds of thousands on renovating their homes
by Sydney Lake, Alena Botros on September 27, 2026 at 1:16 pmMillennials need homes, but because of high home prices and mortgage rates, baby boomers have little reason to sell.
- Ex-Meta exec says Mark Zuckerberg taught him a lesson in work-life balance. Now he has strict rules for meetings and emails at his $1 billion tax firm
by Orianna Rosa Royle on September 27, 2026 at 1:13 pmAfter years at Meta, Martin Ott learned from Mark Zuckerberg working smarter beats working longer: “It is making sure that you’re not about 24/7 constant on, but being deliberate.”
- Uber CEO says ‘really demanding’ work culture includes expecting employees to answer emails over the weekend: ‘Don’t come here if you want to coast’
by Emma Burleigh on September 27, 2026 at 1:09 pmUber boss Dara Khosrowshahi said the most important skill in life is working hard: “I’m not going to let anyone outwork me.”
- Travis Kalanick is back: How Uber’s ousted founder went from pariah to Silicon Valley hero
by Jeff John Roberts on September 24, 2026 at 7:00 amThe Uber cofounder returns with a multibillion robotics and AI venture—and a tech sector more receptive to his hard-charging approach.