• Gap is struggling to keep up with its sister brands - we visited the store and saw why

    20 days ago - By Chron

    Business Insider/Jessica Tyler
    Gap is struggling to keep up with its sister stores Old Navy, Banana Republic, and Athleta.
    Gap Inc.'s sales were flat in the third quarter, but the Gap brand reported that comparable sales were down 7%.
    We visited a Gap store to see why it's struggling.
    Gap is struggling to keep up with its sister stores.
    Gap Inc., the parent company of Gap, Banana Republic, Old Navy, and Athleta, saw flat sales this quarter. Prior to this quarter, the company saw seven consecutive quarters of positive comparable sales growth.
    The Gap brand itself is struggling - comparable...
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  • Tech Industry Stocks Are Fueling A Drop In The Markets

    21 days ago - By NPR

    U.S. stocks tumbled on Tuesday, thanks to a technology industry selloff that crossed into other sectors. The stock market has been quite volatile over the past month.
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  • Lowe's reports disappointing sales; to exit Mexico

    21 days ago - By Chron

    NEW YORK - Lowe's Cos. reported disappointing numbers for a key sales measure in the third quarter and said it would exit its Mexico operations in its bid to compete better with home improvement leader Home Depot.
    The home improvement chain said Tuesday it would also exit its contracting service, Alacrity Renovation Services, and its Iris Smart Home businesses in the U.S.
    The moves come as Lowe's is trying to focus on running a basic home improvement chain under CEO Marvin Ellison, who took the reins this past summer. Ellison, a former Home Depot executive, had been the CEO at J.C. Penney...
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  • Banking industry profits hit another record: $62 billion

    21 days ago - By Washington Post

    The 29 percent increase in quarterly profits is the latest indication that a decade after a global financial crisis that wiped out trillions in wealth, the country's 5,400 banks have not just recovered but are even stronger.
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  • Wall Street sells off again

    21 days ago - By Reuters

    U.S. stocks sold off for a second day as energy shares dropped with oil prices and retailers, like Target and Kohl's, tumbled after weak earnings and forecasts. Roselle Chen reports.
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  • Caleres Inc.: Fiscal 3Q Earnings Snapshot

    21 days ago - By Stl Today

    ST LOUIS - Caleres Inc. on Tuesday reported fiscal third-quarter earnings of $29.2 million.
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  • Israel to turn to U.S. government over Airbnb removal of settlement listings

    21 days ago - By Reuters

    Israel plans to consult with the U.S. government over a decision by home-renting company Airbnb to remove listings in Jewish settlements in the Israeli-occupied West Bank, according to a cabinet minister. Sonia Legg reports.
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  • Foot Locker soars after beating on sales and profits

    Foot Locker soars after beating on sales and profits

    21 days ago - By Business Insider

    Foot Locker beat on both the top and bottom lines in the third quarter and its comparable sales topped Wall Street estimates.
    Shares jumped as much as 12.7% after Tuesday's closing bell following the announcement.
    Watch Foot Locker trade live.
    Foot Locker rallied by as much as 12.7% after Tuesday's closing bell after the company reported better-than-expected earnings for the third quarter.
    The shoe retailer said it earned $0.95 a share on an adjusted basis, topping the $0.92 that was expected by analysts according to Bloomberg data. Its sales came at $1.86 billion, beating the $1.84...
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  • U.S. seeks halt in civil suit accusing JP Morgan of manipulating metals market, citing criminal case

    21 days ago - By CNBC

    The move comes days after a lawyer sought permission to reopen questioning of two former J. P. Morgan traders and the bank's top metals trader and after one of those traders pleaded guilty in Connecticut federal court.
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  • Trump says he would like to see the Federal Reserve lower interest rates

    21 days ago - By CNBC

    President Donald Trump once again took a shot at the Federal Reserve on Tuesday, saying he would like to see lower rates from the U.S. central bank.
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  • Banking industry profits hit another record, $62 billion

    21 days ago - By Washington Post

    The 29 percent increase in quarterly profits is just the latest indication that a decade after a global financial crisis that wiped out trillions in wealth, the country's 5,400 banks have not just recovered but are even stronger.
    Read more ...

     

  • Federal Resources Are Paying Undercover Informants in the Migrant Caravan: Report

    21 days ago - By Fortune

    Department of Homeland Security officials are gathering information on the migrant caravan moving through Mexico to the U.S. border via paid undercover informants and the monitoring of group text messages, NBC News reports.
    The migrants use WhatsApp message groups to coordinate their journey, according to the report. DHS officials have joined these groups to monitor the caravan's size and activity, combining the information with that of paid informants and DHS officials working with the Mexican government to prepare for the migrants' arrival.
    The caravan consists of roughly 4,000 migrants...
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  • U.S. banking sector reports $62 billion profit in third quarter: FDIC

    21 days ago - By Reuters

    The U.S. banking sector reported $62 billion in profits in the third quarter, up 29.3 percent from the same period a year ago, according to quarterly data from the Federal Deposit Insurance Corporation.
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