Fake News jeans are real hit

Topshop jeans that say "Fake News" sold out quickly. (LilaMax Media)

Topshop, the British retailer, has created a pair of jeans in semi-stretch denim, with a red stripe down the side blaring "Fake News" over and over again in white block letters. The jeans cost $90 and were a trending product on the brand's website by Tuesday, with 30 percent of the sales originating in the United States. By Wednesday, they were sold out.

Walmart is abruptly closing 63 Sam's Club locations across the U.S., the company told Business Insider on Thursday. Some stores have already closed, and others will close within weeks. Ten of the closed stores will be turned into e-commerce distribution centers. Sam's Club has not said how many employees are losing their jobs. Each Sam's Club warehouse employed about 175 people, meaning more than 11,000 people could be impacted.

Treasury Secretary Steven Mnuchin said he expects about 90 percent of U.S. workers to see their paychecks increase. The Treasury Department on Thursday released the withholding tables for the new tax law. The tables lay out how much tax to withhold or not withhold from paychecks. With these new guidelines, companies can start adjusting employee paychecks.

McDonald's is making a big change to its soft drink cups in 2018. The chain also said it will switch to packaging made from recycled materials in every location by 2020. The changes are in response to environmental concerns, since foam packaging is hard to recycle.

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