Minimalist Prada Buys Maximalist Versace for $1.4 Billion, in Bid to Relaunch Sexier Milan Rival

MILAN (AP) — The Prada Group has officially purchased Milan fashion rival Versace for $1.375 billion. The deal announced Tuesday brings the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal. The highly anticipated acquisition is expected to relaunch Versace’s fortunes. Versace has…MORE

With ‘Trump Accounts,’ Your Baby Could Qualify for $1,000

WASHINGTON (AP) — President Donald Trump’s tax legislation included a provision called “Trump Accounts,” which gives $1,000 to every newborn if their parents open an account. This money is invested in the stock market, and children can access it when they turn 18. The accounts aim to help low-income children build wealth. Congress is funding…MORE

Trump Administration Threatens to Withhold SNAP Management Funds From States That Don’t Share Data

WASHINGTON (AP) — The Trump administration says it will withhold funds for administering SNAP food aid in most Democratic-controlled states starting next week unless they provide data about those receiving the assistance. Agriculture Secretary Brooke Rollins said Tuesday that the action is looming because those states are refusing to provide requested information about the recipients,…MORE