JPMorgan Chase’s third-quarter profit soared 35% from last year, fueled by a rapid rise in interest rates, but the bank’s CEO, Jamie Dimon, issued a sobering statement about the current state of world affairs and economic instability

IKEA had the most hilarious response to the luxury designer brand Balenciaga selling a towel skirt for $925. Spanish brand Balenciaga turned heads recently when it revealed a new product release, which is essentially a wrapped-around bath towel, for almost $1000 (£695). On the Balenciaga website, the model wore the towel skirt over the top of some beige cargo trousers and wore a black hoodie and a pair of black sunglasses. The beige terry cotton “skirt” features aspects such as an adjustable belt on the inside, buttons at the waistline and the Balenciaga logo embroidered on the front. But, despite being marketed as clothing, it is essentially an overpriced bath towel. Responding in the most hilarious way possible, IKEA revealed its very own “dupe” using one of its own VINARN towels to recreate the look for £16 (approximately $17). In a post shared on the company’s UK Instagram, they wrote: “Introducing the new VINARN Towel Skirt. A 2024 Spring fashion essential.” The model wore similar clothing and held the same pose as the Balenciaga model, except the beige towel “skirt” he wore cost several hundred pounds less. Almost 4,000 people have liked the post from the famous Swedish homeware company and many commended them for their expert trolling. “Serving BALENCIKEA,” one tickled Instagram user wrote. Another called it “Genius” adding, “Well played IKEA”. Someone else commented: “Take that Balenciaga!” It’s not the first time the two giant brands have gone head-to-head. In 2017, IKEA responded equally brilliantly to Balenciaga’s £1,670 blue bag, which closely resembled their iconic shopping tote bag. How to join the indy100's free WhatsApp channel Sign up to our free indy100 weekly newsletter Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

TL;DR: A wide range of free online courses from Georgia Tech are available to take

Supreme Court Justice Clarence Thomas is acknowledging that he took three trips last year aboard a private plane owned by Republican megadonor Harlan Crow

Leaders from across the continent are heading toward Iceland for a rare summit of the 46-nation Council of Europe that will once more step up support for member state Ukraine and condemn Russia for inflicting war on its neighbor

U.S. Sen. Bob Menendez is returning to Manhattan federal court to enter a not guilty plea to a conspiracy charge alleging that he acted as an agent of the Egyptian government even as he chaired the Senate Foreign Relations Committee

The Phillies recalled first baseman Darick Hall from Triple-A Leigh Valley and he batted eighth in Sunday’s game against Washington

By David Shepardson WASHINGTON U.S. Commerce Secretary Gina Raimondo said on Tuesday she does not expect any revisions

Kim Kardashian addresses rumors she and Pete Davidson rekindled romance last year

Foo Fighters guitarist Chris Shiflett unveils plans for his third solo album, 'Lost At Sea', alongside his new single.

WASHINGTON Former U.S. President Donald Trump's comments calling Hezbollah "smart" and criticizing Israel's defense minister were "dangerous and

Just three weeks into the deadliest war between Israel and Hamas, it is already clear that the bloodshed has shaken the region for years to come and flipped long-standing Israeli assumptions upside down