Luxury good

CHICAGO, ILLINOIS - DECEMBER 30: Pedestrians walk past a Saks Fifth Avenue store on December 30, 2025 in Chicago, Illinois. Recent reports indicate that Saks Global Enterprises, the parent corporation of Saks Fifth Avenue, may file for Chapter 11 bankruptcy as they face a more than $100 million debt payment due at the end of December. (Photo by Scott Olson/Getty Images)

SAKKED

Saks Global Files for Bankruptcy as High-End Buy Turns Sour

Analysts say Saks paid too much to buy a high-end retail rival.

Harry Thompson

Photo illustration of Melania Trump carrying Hermes bags

STICKER SHOCK

Melania’s Favorite Handbag Company Ups Prices Over Tariffs

Hermès is raising prices on its goods in the United States to offset the impact of the president’s trade war.

Janna Brancolini

Peruvian President Dina Boluarte insists that her hands are clean amid a corruption probe.

‘ROLEX CASE’

Peruvian Police Raid President’s Palace in Search of Watches

Her wrists may be icy but her hands are clean, Peruvian President Dina Boluarte insists.

Amanda Yen

CHECKING OUT

Did the First ‘The White Lotus’ Death Just Happen?

The premiere of “The White Lotus” previewed that several characters would die this season. Is it too soon to find out the identity of the first? (Warning: Spoilers!)

Fletcher Peters

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WISH FULFILLMENT

The Fixers Who Do the Impossible for the Filthy Rich

When a billionaire wants a sold-out Mercedes or a hot sax player, this is who they call.

Emily Shugerman

CRUISIN’ to JAIL

PPP Scammer Bought a Bentley With $1.9 Million He Stole

“Leon Miles selfishly enriched himself by defrauding a program designed to alleviate the economic suffering caused by the COVID-19 pandemic,” a federal prosecutor said.

Alan Halaly