Gap is making a comeback.The brand reported 5% same-store sales growth for its fiscal first quarter of 2025. Its the sixth consecutive quarter of same-store sales growth.Gap was one of the most popular retail names of the 1980s and 1990s, but fell out of favor among consumers at the start of the new millennium. From fiscal 2001 to 2021, the brand closed about 2,000 stores and annual sales fell by about $3.5 billion.Despite multiple turnaround attempts from a revolving door of CEOs, the company couldn’t sustain momentum.”They would have a couple quarters where things looked like they were doing well.…
Author: usaeverydaylife
Investigative officials stand at the site of Air India Boeing 787 which crashed yesterday, on June 13, 2025 in Ahmedabad, India. An Air India Boeing 787 Dreamliner, flight AI-171, carrying 242 passengers and crew members en route from Ahmedabad to London Gatwick, crashed shortly after takeoff on June 12, 2025, after the pilot issued a mayday call to air traffic control. Ritesh Shukla | Getty Images News | Getty ImagesIndia’s aviation regulator has ordered all Boeing 787s being operated by local carriers to be inspected after an Air India crash killed 270 people this week, the aviation minister said on…
Olga Rolenko | Moment | Getty ImagesThere are all sorts of ways for consumers to misuse credit cards, from failing to pay monthly bills in full to running up your balance. But here’s one risky behavior that experts say you likely haven’t heard of: “credit cycling.”Credit cards come with a spending limit. Cardholders are usually aware of this limit, which represents the overall cap to how much they can borrow. The limit resets with each billing statement when users pay their bill in full and on time.Users who credit-cycle will reach that limit and quickly pay down their balance; this…
Marine One lands at the White House with U.S. President Donald Trump behind workers putting up a riser in front of the White House ahead of the Army’s 250th birthday parade and celebration on June 9, 2025 in Washington, DC.Kayla Bartkowski | Getty ImagesWASHINGTON — President Donald Trump’s military parade here on Saturday — a celebration of the Army’s 250th birthday that happens to coincide with the commander in chief’s 79th birthday — comes at a time when American forces are supporting domestic deportation efforts and Israel’s defense against Iranian missiles.The first such parade since Washington welcomed victorious U.S. troops home from…
Managing Asia’s Christine Tan travels to Bangkok to sit down with the chairman of Thai Airways’ rehabilitation plan, Piyasvasti Amranand, to explore how the national carrier is navigating its path to recovery. Plus, CEO Chai Eamsiri shares renewed ambition as the airline gears up for a relisting on the Stock Exchange of Thailand.Managing Asia’s Christine Tan traveled to Bangkok to sit down with the chairman of Thai Airways’ rehabilitation plan, Piyasvasti Amranand, to explore how the national carrier is navigating its path to recovery after being on the brink of bankruptcy.He and CEO Chai Eamsiri shared renewed ambition as the…
Here’s my first dilemma of the day: the new Luckin Coffee near my office in Hong Kong wants me to download their app for a $2 drink. Without it, it’s $3.75.Fine. I register, get a WhatsApp code and scroll through their menu: fruity Americanos, a seasonal kale tea and the coconut milk latte — a bestseller with five sweetness levels.The menus are something else. This coconut comes from Luckin’s own grove in Indonesia, it says, blessed by volcanic ash and ocean nutrients. The milk is cold-pressed within four hours of cracking the fruit open. Sure, Luckin. I click iced, no…
new video loaded: In L.A.’s Little Tokyo, Protests Draw Sympathy and FrustrationtranscriptBacktranscriptIn L.A.’s Little Tokyo, Protests Draw Sympathy and FrustrationBusiness owners and locals in Little Tokyo say they are conflicted: frustrated as they scrub graffiti and clean up after looting, but also holding a deep sense of solidarity with anti-immigration raid protesters and their cause.The last three days since Friday, since the demonstrations started, have been progressively getting a little bit more crazier and a little bit wilder. “ICE is not welcome here.” Friday and Saturday, we noticed that most of the crowd was being kept just north of us,…
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Emmanuel Macron, France’s president at the 2025 VivaTech conference in Paris, France, on Wednesday, June 11, 2025. Nathan Laine | Bloomberg | Getty ImagesNvidia boss Jensen Huang has been on a tour of Europe this week, bringing excitement and intrigue to everywhere he visited.His message was clear — Nvidia is the company that can help Europe build its artificial intelligence infrastructure so the region can take control of its own destiny with the transformative technology.I’ve been in London and Paris this week following Huang around as he met…
Rizwan Vahora lost three relatives on the Air India flight that crashed in Ahmedabad, India. His family was among the many grieving and waiting for answers about loved ones. Source link
CNBC’s Eamon Javers joins ‘Fast Money’ with the latest on conflict between Israel and Iran. Source link
