A Nike and Athleta store.Kylie Cooper | Reuters | Michael Brochstein | SOPA Images | LightRocket | Getty ImagesGap’s Athleta has tapped the head of Nike’s women’s business in North America as its next CEO, delivering a blow to the sneaker company as it tries to win back more female shoppers. Maggie Gauger, who has spent more than 20 years at Nike, is the third CEO hired to helm Athleta in the last two years as the women’s athleisure brand’s sales decline. She’ll replace Chris Blakeslee, the former Alo Yoga executive who was hired to replace Mary Beth Laughton in 2023. Under…
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Britain said on Tuesday it would recognize a Palestinian state unless Israel takes steps to relieve suffering in Gaza, where starvation is spreading, and reaches a ceasefire in the nearly two-year war with Hamas.The warning came after a hunger monitor said a worst-case scenario of famine is unfolding and immediate action is needed to avoid widespread death. Palestinian authorities said more than 60,000 Palestinians were now confirmed killed by Israel’s air and ground assault on the Gaza Strip.The hunger alert and the new death toll are grim milestones in a conflict that began almost two years ago when Hamas attacked Israel, sparking an offensive…
Medications are stored on shelves at a pharmacy on May 12, 2025 in Los Angeles, California. Eric Thayer | Getty ImagesPresident Donald Trump is slated to impose tariffs on pharmaceuticals imported into the U.S. any day now – and the duties may have a bigger impact on some drugmakers than others, according to some analysts. Trump told reporters earlier this month that his administration will begin implementing low pharmaceutical levies as early as Aug. 1 and increase the rate in about a year or 18 months. He has threatened to impose up to 200% tariffs on imported drugs.It is still unclear…
Consumers walk in front of a Starbucks coffee shop in Galeria Krakowska shopping mall in central Krakow, Poland, on July 11, 2025.Dominika Zarzycka | Nurphoto | Getty ImagesStarbucks is expected to report its fiscal third-quarter earnings after the bell on Tuesday.Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report:Earnings per share: 65 cents expectedRevenue: $9.31 billion expectedFor five straight quarters, the coffee giant has reported shrinking same-store sales as demand flounders in the U.S. and China, its two largest markets. Analysts are forecasting that the streak will continue in its latest quarter, with same-store sales…
A slate of companies that have posted “consistent and superior” earnings growth over the past 10 years could be poised for strong performances and are worth watching, according to Bank of America. “Since data began in 1998, the Global Steady Compounders have annualized 5.2% outperformance versus the MSCI AC World Index and have outperformed in more months than most strategies we monitor,” strategist Nigel Tupper wrote in a Tuesday note. “Stocks screening as Steady Compounders tend to outperform for extended periods.” There are circumstances in which “steady compounders” don’t fare well. Tupper wrote that the names tend to underperform when…
Jeffrey Epstein and Ghislaine Maxwell attend de Grisogono Sponsors The 2005 Wall Street Concert Series Benefiting Wall Street Rising, with a Performance by Rod Stewart, at Cipriani Wall Street in New York City on March 15, 2005.Joe Schildhorn | Patrick McMullan | Getty ImagesThe House Committee on Oversight and Government Reform “will not consider granting congressional immunity for” any testimony from Jeffrey Epstein accomplice Ghislaine Maxwell, a spokesperson for the panel said Tuesday.That statement came shortly after Maxwell’s lawyer told the committee in a letter that she would invoke her Fifth Amendment rights against self-incrimination and refuse to testify under…
Smoke stacks from the Hugh L. Spurlock Generating Station are seen on June 12, 2025 in Maysville, Kentucky.Jeff Swensen | Getty ImagesThe Trump administration is seeking to repeal a landmark finding that greenhouse gas emissions pose a threat to public health, the head of the Environmental Protection Agency said Tuesday.”This has been referred to as basically driving a dagger into the heart of the climate change religion,” EPA administrator Lee Zeldin told the conservative “Ruthless Podcast.” “Repealing it will be the largest deregulatory action in the history of America,” Zeldin saidThe EPA under the Obama administration issued an endangerment finding…
Anthropic is in talks to raise between $3 billion and $5 billion in a funding round led by Iconiq Capital that would value the artificial intelligence startup at $170 billion, CNBC has confirmed.The OpenAI competitor has been reeling in billions of dollars at a rapidly increasing valuation reflecting investors’ thirst for a piece in the fastest growing AI companies. In March, Anthropic closed a $3.5 billion round at a $61.5 billion, led by Lightspeed Venture Partners. Bloomberg was first to report on the latest talks, which CNBC confirmed with a person familiar with the matter who asked not to be…
Royal Caribbean raised its full-year guidance Tuesday on the back of strong cruise bookings.The company now expects 2025 earnings of between of $15.41 and $15.55 per share on an adjusted basis, up from prior EPS guidance of $14.55 to $15.55.CEO Jason Liberty noted traveler preferences are evolving, saying more people are choosing to vacation more frequently and are opting for experience-driven travel. Royal Caribbean said 75% of consumers report they plan to spend the same amount or more on leisure travel over the next 12 months.”Our experiences are designed to meet these evolving expectations,” Liberty said.Royal Caribbean reported growth in…
Apple could be set to release an entirely new iPhone design as part of its lineup in the second half of next year, according to JPMorgan. “With the upgrades to the iPhone 17 series to be released this fall expected to be fairly limited, investor focus has already turned to the 2026 fall launches with Apple expected to launch its first foldable iPhone as part of the iPhone 18 lineup in September 2026, featuring a book-style fold similar to Samsung’s Galaxy Z Fold series,” analyst Samik Chatterjee wrote on Tuesday. The new foldable iPhone is expected to feature a 7.8-inch…
