Year: 2025

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

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

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. […]

Read More
Dell shares climb after company raises full-year profit outlook on AI demand
Technology

Dell shares climb after company raises full-year profit outlook on AI demand

A Dell Technologies sign is seen in Round Rock, Texas, on June 2, 2023. Brandon Bell | Getty Images Shares of Dell Technologies rose on Thursday in extended trading after the company raised its full-year earnings forecast and issued a stronger-than-expected forecast for the current quarter. However, Dell’s adjusted earnings per share came up short […]

Read More
Trump tariffs reinstated by appeals court for now
Politics

Trump tariffs reinstated by appeals court for now

A federal appeals court on Thursday granted the Trump administration’s request to temporarily pause a lower-court ruling that struck down most of President Donald Trump’s tariffs. The Trump administration had earlier told the U.S. Court of Appeals for the Federal Circuit that it would seek “emergency relief” from the Supreme Court as soon as Friday […]

Read More
Trump administration emerges as a staunch defender of Germany’s far-right AfD
World

Trump administration emerges as a staunch defender of Germany’s far-right AfD

US Vice President JD Vance attends a meeting of the White House Task Force on the FIFA World Cup 2026, in the East Room of the White house in Washington, DC, on May 6, 2025. The soccer world championship will take place from June 11 to July 19, 2026, and will be hosted by the […]

Read More
Synopsys pulls full-year guidance, citing new China export restrictions
Technology

Synopsys pulls full-year guidance, citing new China export restrictions

Sassine Ghazi, CEO of semiconductor design software firm Synopsys, explains the company’s plans to have artificial intelligence take over parts of designing computer chips at the company’s annual user conference in Santa Clara, California, on March 19, 2025. Stephen Nellis | Reuters Synopsys pulled its guidance for the full fiscal year on Thursday, citing a […]

Read More
Stocks making the biggest moves Thursday: Boeing, Nvidia, Salesforce, E.l.f. Beauty and more
Finance

Stocks making the biggest moves Thursday: Boeing, Nvidia, Salesforce, E.l.f. Beauty and more

Check out the companies making headlines in Thursday trading. Salesforce — The customer relations management software maker’s shares traded 5% lower on Thursday after the company posted its latest quarterly results. RBC Capital Markets downgraded the stock, citing execution risks if the company continues acquiring. Salesforce did beat fiscal first-quarter estimates and raised its full-year outlook, […]

Read More
Musk-Altman AI rivalry is complicating Trump’s dealmaking in Middle East
World

Musk-Altman AI rivalry is complicating Trump’s dealmaking in Middle East

Sam Altman, CEO of OpenAI, is seen through glass during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, Feb. 11, 2025. Aurelien Morissard | Via Reuters Elon Musk tried to derail a major artificial intelligence infrastructure deal in the Middle East after learning that his startup, xAI, would be excluded […]

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

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

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% […]

Read More
Meta and Anduril defense startup partner on VR, AR project intended for U.S. Army
Technology

Meta and Anduril defense startup partner on VR, AR project intended for U.S. Army

Palmer Luckey, Founder @ Oculus VR Andutil Industries, during day two of Collision 2019 at Enercare Center in Toronto, Canada. Stephen McCarthy | Sportsfile | Getty Images Meta and Anduril, the defense-tech startup founded by Palmer Luckey, announced Thursday that they’ve formed a partnership to create virtual and augmented reality devices intended for use by […]

Read More
Fed Chair Powell told Trump in Thursday meeting that rate decisions would be based on ‘non-political’ analysis
World

Fed Chair Powell told Trump in Thursday meeting that rate decisions would be based on ‘non-political’ analysis

President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell amid the president badgering the central bank for lower interest rates. The central bank confirmed in a release that the meeting occurred, stressing that the future path of monetary policy was not discussed. “At the President’s invitation, Chair Powell met with the President today […]

Read More