Gap Inc's shares fell over 16% following a cautious second-quarter sales forecast and a reduced full-year revenue outlook, despite solid first-quarter results. The company reported $3.5 billion in Q1 revenue, slightly below estimates, with a 2% rise in comparable sales and a strong 40.5% gross margin. The outlook for Q2 predicts flat to slightly down sales, missing analyst expectations, and the full-year sales growth forecast was cut to 1-2%. Performance varied across brands, with Gap brand growing 10%, while Athleta declined 11%. Gap expects improvement in the second half as seasonal challenges ease.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
