Trump’s pick for Iceland ambassador apologizes for joking about Arctic nation becoming 52nd state

Former Rep. Billy Long, who was nominated by President Donald Trump to be ambassador to Iceland, has apologized after privately joking to House lawmakers that the Arctic island would become the ’52nd state’ with him as its governor. Long, a Republican who represented Missouri from 2011 to 2023 and served a brief stint as IRS […]

Saks files for bankruptcy as luxury market struggles

The company that owns the iconic luxury retailer Saks Fifth Avenue filed for bankruptcy late Tuesday. The move comes after Saks Global struggled with debt it took on to buy rival Neiman Marcus, lagging department store sales and a rising online market. It’s one of the largest retail collapses since the Covid pandemic, and casts […]