Sales at Gap‘s largest brand Old Navy fell short of expectations during its fiscal first quarter, leading the retailer to cut its sales guidance on Thursday. During the quarter, Old Navy’s comparable sales grew 1%, while analysts expected them to grow 3%, according to StreetAccount. As a result, Gap cut its sales outlook and is…
American Eagle‘s two key brands are moving in different directions. Revenue at the retailer’s namesake banner fell during its fiscal first quarter, even after it ramped up its marketing campaign with actress Sydney Sweeney. Meanwhile, sales at its intimates brand Aerie spiked during the quarter. The trends at the retailer appeared to disappoint Wall Street,…
Brendan Carr, commissioner at the Federal Communications Commission (FCC), during a Senate Commerce, Science, and Transportation Committee oversight hearing in Washington, DC, US, on Wednesday, Dec. 17, 2025. Kent Nishimura | Bloomberg | Getty Images Disney shot back at the Federal Communications Commission on Thursday as part of an early renewal process for broadcast licenses…
People load their car after shopping at a Costco Wholesale store on March 21, 2026, in Bayonne, New Jersey. Gary Hershorn | Corbis News | Getty Images Costco Wholesale on Thursday reported an increase in net sales for its fiscal third quarter, beating Wall Street revenue expectations for the period. The company reported net sales…
Nick Bilton speaks EPIX “Berlin Station” LA premiere at Milk Studios on Sept. 29, 2016 in Los Angeles, California. Joshua Blanchard | Getty Images Paramount Skydance’s CBS News has hired Nick Bilton as the new executive producer of “60 Minutes,” ushering in a new era for the No. 1 rated news broadcast for the past…
Abraham Gonzalez Fernandez | Moment | Getty Images Americans are saving less as the everyday cost of living rises and wages struggle to keep up. The personal savings rate — defined as the share of income Americans have after taxes and expenses — hit 2.6% in April, according to data from the Bureau of Economic…
An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. Shelby Knowles | Bloomberg | Getty Images CVS Health on Thursday said it will restore coverage of Eli Lilly‘s blockbuster weight loss injection Zepbound and start covering its new obesity pill on its…
The 220 Central Park South building, center, stands in New York, U.S., on Wednesday, Jan. 23, 2019. Just days after buying one of the most expensive residential properties in London, Citadel founder Ken Griffin set a U.S. record with the $238 million penthouse at 220 Central Park South. Jeenah Moon | Bloomberg | Getty Images…
Shoppers walk in front of a Kohl’s store in Mount Kisco, New York. Scott Mlyn | CNBC Kohl’s stock jumped more than 15% in premarket trading Thursday after the retailer reported its best comparable sales performance in four years. CEO Michael Bender told CNBC the quarter marked the company “knocking on the door of growth.”…
A customer shops at Handy Market on May 14, 2026 in Burbank, California. Justin Sullivan | Getty Images Inflation continued to hit consumer wallets in April, likely keeping the Federal Reserve on the sidelines until the current wave subsides, fresh pricing data released Thursday showed. The personal consumption expenditures price index increased a seasonally adjusted…