Gap shares tumble 14% as retailer cuts sales guidance after disappointing Old Navy performance
Gap issued mixed results as sales at its largest brand, Old Navy, fell short of estimates.
Trump’s Oman outburst throws ‘Switzerland of the Middle East’ into the spotlight
The Trump administration has threatened sanctions and military action against Oman, a longtime ally and close security partner.
Costco says it saw ‘record-breaking’ gas volumes amid rising prices
Costco saw “recording-breaking volumes” of gas sales and said rising fuel prices drove first-time members to its stations.
Russian drone hits apartment block in NATO state Romania; EU prepares fresh sanctions against Moscow
Romania’s president said the collision demands a “firm, coordinated, and appropriate response.”
Disney’s ABC files early broadcast licenses renewal ‘under protest’ against the FCC
Disney said it filed renewals for eight broadcast station licenses “under protest,” after the FCC launched an early review years ahead of schedule.
Michael Dell courted Trump early. His company has reaped rewards
The dynamic is emblematic of how business is seeking to sow favor with the president in his second term, and has departed from the norms of big business philanthropy.
Kohl’s stock spikes 20% as slumping retailer says sales trends are improving
Kohl’s reported its best comparable sales growth in four years on Thursday even as it saw revenue decline.
CFTC bid to vacate order against Winklevoss’ crypto exchange ‘very unusual,’ ex-agency chief says
The Commodity Futures Trading Commission is looking to undo a $5 million civil penalty against the Gemini, which was founded by the Winklevoss twins.
Best Buy stock climbs 15% on earnings beat as retailer aims to reinvigorate sales
Best Buy reported better-than-expected earnings on Thursday as the company works toward turning around its sales slump.
Reality star’s long shot L.A. mayoral candidacy becomes surprise test for Democrats
Spencer Pratt is polling around 22%, just behind Democratic Mayor Karen Bass, in the Los Angeles mayoral primary, raising the odds of a November runoff.