Author: Daniel snow
Gap Inc.’s stock drops after the retailer called for flat current-quarter sales. Source link
A shopper walks past the American clothing and accessories retailer American Eagle store in Hong Kong.Budrul Chukrut | Lightrocket | Getty ImagesAmerican Eagle Outfitters reported quarterly earnings on Thursday that missed expectations, reflecting a $75 million write-down in spring and summer merchandise, following the retailer pulling its full-year guidance earlier this month due to macroeconomic uncertainty.”The first quarter was a challenging period for our business,” CEO Jay Schottenstein said in a release. “While we are disappointed with the results, we are taking actions to better position the company and drive stronger performance in the upcoming quarters. Our brands remain resilient.…
Teddy Warner founded Intempus with a mission to make robots more expressive so that bots and humans can communicate better. Source link
The stock market is back to where it started the year, but investors should remember that the economy is looking weaker. Source link
A Dell Technologies sign is seen in Round Rock, Texas, on June 2, 2023.Brandon Bell | Getty ImagesShares of Dell Technologies rose on Thursday in extended trading after the company raised its full-year earnings forecast and issued a stronger-than-expected forecast for the current quarter.However, Dell’s adjusted earnings per share came up short versus LSEG estimates on in-line revenue.Here’s how the computer maker did versus LSEG consensus estimates:Earnings per share: $1.55 adjusted vs. $1.69 estimatedRevenue: $23.38 billion vs. $23.14 billion estimatedDell said it expects $2.25 in adjusted earnings per share for the current quarter, with between $28.5 billion and $29.5 billion…
People walk past the entrance of a Gap store in Paris, France, July 1, 2021. Sarah Meyssonnier | ReutersGap is expecting new tariffs would impact its business by hundreds of millions of dollars, if they remain in effect, the company said Thursday when announcing fiscal first-quarter earnings. Shares fell more than 15% in after-hours trading.In a news release, Gap said new 30% duties on imports from China and a 10% levy on imports from most other countries will cost the company between $250 million to $300 million but, for now, it’s leaving that impact out of its guidance. The company said it’s…
The Labor Department said the number of people filing for unemployment benefits last week was about 6 percent higher than expected. Source link
The meat and snack company says its products seen as offering more value will drive an uptick in business in the second half of the year. Source link
Traders have been overly optimistic about Nvidia’s post-earnings moves. The S&P 500’s potential is much clearer. Source link
The neighborhood once known as Boca Chica Village is seen near the SpaceX facilities where they build rockets in Brownsville, Texas, on May 3, 2025. Gabriel Cardenas | AFP | Getty ImagesStarbase, Texas, has notified some residents that they might “lose the right to continue using” their property as they do today, according to a memo obtained by CNBC.The town, home to Elon Musk’s SpaceX, is considering a new zoning ordinance and city-wide map.The notice, sent to property owners in a proposed “Mixed Use District,” would allow for “residential, office, retail, and small-scale service uses.”Starbase plans to host a public…