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Gap shares plummet as retailer says tariffs could cost between 0 and 0 million

Gap shares plummet as retailer says tariffs could cost between $100 and $150 million

Business News

People walk past the entrance of a Gap store in Paris, France, July 1, 2021. Sarah Meyssonnier | Reuters Gap said new tariffs could impact its business by $100 million to $150 million, if they remain in effect, the company said Thursday when announcing fiscal first-quarter earnings.  Shares fell more than 15% in after-hours trading. […]

Gap shares plummet as retailer says tariffs could cost between $100 and $150 million Read More »

American Eagle issues downbeat quarterly guidance as earnings miss expectations

American Eagle issues downbeat quarterly guidance as earnings miss expectations

Business News

A shopper walks past the American clothing and accessories retailer American Eagle store in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images American 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

American Eagle issues downbeat quarterly guidance as earnings miss expectations Read More »

Non-alcoholic beer to overtake ale as the second-largest beer category worldwide this year

Non-alcoholic beer to overtake ale as the second-largest beer category worldwide this year

Business News

Non-alcoholic beers photographed for Food in Washington, DC on March 11, 2024. Scott Suchman | The Washington Post | Getty Images Non-alcoholic beer is on track to overtake ale as the second-largest beer category by volume worldwide this year, according to a new projections from industry tracker IWSR. While overall beer volume fell roughly 1%

Non-alcoholic beer to overtake ale as the second-largest beer category worldwide this year Read More »

Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says

Business News

Boeing Co. 737 Max fuselages at the company’s manufacturing facility in Renton, Washington, on April 15, 2025. Bloomberg | Bloomberg | Getty Images Boeing‘s airplane deliveries to China will resume next month after handovers were paused amid a trade war with the Trump administration, CEO Kelly Ortberg said Thursday, as he brushed off the impact

Boeing to resume airplane deliveries to China next month, ramp up Max production, CEO says Read More »

High school sports at PBS stations could be at risk with potential federal funding cuts

High school sports at PBS stations could be at risk with potential federal funding cuts

Business News

Iowa PBS covers the 2024 State Girls Softball Championships live from Fort Dodge, Iowa in July 2024. Courtesy: Iowa PBS High school sports games and related coverage have become some of the most popular local programs on PBS stations across the U.S., especially in states without professional sports. PBS stations in states like South Dakota,

High school sports at PBS stations could be at risk with potential federal funding cuts Read More »

Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics

Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics

Business News

Logo of Best Buy displayed outside a Best Buy store in Edmonton, Alberta, Canada, on March 22, 2025. Artur Widak | Nurphoto | Getty Images Best Buy on Thursday missed quarterly revenue expectations and cut its full-year sales and profit guidance as higher tariffs increase the costs of many consumer electronics that it sells. For

Best Buy cuts full-year sales and profit guidance as tariffs raise cost of electronics Read More »

United Airlines plans to return to JFK — again — in new partnership with JetBlue

United Airlines plans to return to JFK — again — in new partnership with JetBlue

Business News

A United Airlines plane takeoff as a JetBlue plane is landing at San Francisco International Airport (SFO) in San Francisco, California, United States on June 8, 2023. Tayfun Coskun | Anadolu Agency | Getty Images United Airlines has a new friend in Queens. The airline is returning to New York’s John F. Kennedy International Airport

United Airlines plans to return to JFK — again — in new partnership with JetBlue Read More »

E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to billion deal

E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to $1 billion deal

Business News

Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England.  Dave Benett | Dave Benett Collection | Getty Images E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company

E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to $1 billion deal Read More »

The U.S. now has a third of the world’s millionaires and billionaires

The U.S. now has a third of the world’s millionaires and billionaires

Business News

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The U.S. now accounts for more than a third of the world’s millionaires and billionaires, as tech companies and startups mint

The U.S. now has a third of the world’s millionaires and billionaires Read More »

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