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By Will Dunham WASHINGTON Dwarf planet Eris, similar in size to its better-known cosmic cousin Pluto, has remained

By Amina Niasse NEW YORK Growing confidence that U.S. bond yields have hit their peak and could head

The Cleveland Browns and Pittsburgh Steelers meet for the second time this season. Kevin Stefanski’s club will be down its starting quarterback once again.

By Howard Schneider WASHINGTON With gas prices and airfares falling it will be cheaper for Americans to get

Post Malone and iiTzTimmy called for Pathfinder and R-301 buffs in Apex Legends Season 19 during a stream for the Post Malone x Apex Legends Event.

Warren Buffett’s Berkshire Hathaway Inc. reduced the number of stocks in its portfolio in the third quarter, exiting

A state commission in Ohio has voted to approve fracking for oil and gas drilling in state parks and designated wildlife areas

By David Shepardson WASHINGTON (Reuters) -An independent U.S. aviation review team called on Wednesday for "urgent action" to prevent plane

Ahead of the meeting between U.S. President Joe Biden and Chinese President Xi Jinping, senior White House officials said Biden would walk away from the talks with major announcements expected on curbing the flow of chemicals used in the production of fentanyl and concrete steps to revive military to military communications

Warren Buffett's company unloaded a number of the smaller investments in its portfolio in the third quarter including GM, Mondelez, Johnson & Johnson, UPS and Procter & Gamble

People can’t decide whether Balenciaga’s new $925 bath towel skirt is an example of clever marketing or just a ploy to wipe wallets. The unparalleled high fashion house, piloted by long-time creative director Demna Gvasalia, regularly releases peculiar designs, made to look beaten down and wrecked, with purposeful outlandish price tags – see its $1,850 fully destroyed sneakers or $1,800 trash bag tote. But this particular pick from the brand’s Spring 2024 collection sparked widespread debate online as soon it became available for pre-order on 14 November. A $927 terry-cloth towel, fashioned to be a wrap skirt, comes after the Georgian designer faced backlash for a controversial 2022 holiday ad featuring children holding teddy bears in leather bondage. Following the extensive criticism, Demna said he planned on tapping into his “roots in fashion as well as to the roots of Balenciaga, which is making quality clothes – not making image or buzz”. He told Vogue his plan in February a few weeks ahead of his fall 2023 debut. But while the designer intended to find motivation from Balenciaga founder Cristóbal moving forward, this quirky bathroom garment prompted further conversation about the brand’s continued desire to offer “absurd” luxury items. One riled up fashion enthusiast took to X, formerly known as Twitter, to make a larger generalisation. “This is absurd, These brands will sell anything and everything at such ridiculously high prices,” they wrote. “Balenciaga is so unserious,” another critic commented, while someone else said: “I’ll say it again... Balenciaga is conducting an experiment. It’s a behavioral science study. You can’t convince me otherwise.” Amid the flock of immediate criticism, brand supporters pointed out the platform and intended buyers Balenciaga targets. “In economics we’d say they are discovering the true demand curve. They are checking their customer base to see how elastic they are. If it’s a fairly inelastic demand curve of which it’s very likely to be. They won’t lose anything by being selling s*** like this, in actual fact…” one person wrote. “I need customers like theirs,” another fan proclaimed. One candid reviewer wrote: “What kind of madness is this? At least I’m not their target market.” Other X users added remarks about how they could make their own towel skirt with their fluffy fabric at home. “I already got a towel skirt, it cost $10 and it’s from Walmart,” one individual commented. Playing off the high-end fashion brand’s current visibility, Ikea, the Swedish homewares and furniture brand, dropped a similar advertisement, highlighting its $10 VINARN bath towel. In promotional photos, a model could be seen with the towel wrapped around his waist, layered over a pair of construction pants. On top, the man donned a common Balenciaga identifier with a black hoodie and wrap-around moto sunglasses. Read More Women’s scarves and crocheted ties - what is Robert Peston wearing now? McDonald’s and Crocs collaborate on new Grimace shoes Jacob Elordi reveals why he always carries a purse Women’s scarves and crocheted ties - what is Robert Peston wearing now? McDonald’s and Crocs collaborate on new Grimace shoes Jacob Elordi reveals why he always carries a purse

The Vatican has signed an agreement with Volkswagen to gradually replace its auto fleet with electric vehicles