(Reuters) -Gap Inc beat revenue estimates on Thursday on strong sales at its Banana Republic division, but withdrew its annual forecasts as the apparel chain struggles with an inventory build-up and tepid demand for outdated Old Navy items. People have been opting for suits, dresses and skirts over casual wear […]
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Dell revenue growth slows on strong dollar, China lockdowns
(Reuters) -Dell Technologies Inc posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. Shares of the company fell more than 7% in extended trading. The greenback surge has this […]
Stocks rise, U.S. bond yields ease ahead of Powell’s Jackson Hole speech
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) – Upbeat economic data in Germany and gains in U.S. mega-cap growth stocks helped lift an index of global stock markets on Thursday, while U.S. Treasury yields slipped as investors waited for the Federal Reserve’s Jackson Hole meeting for insights […]
Texas grid avoids summer blackouts with $1 billion in extra spending
By Swati Verma (Reuters) – Texas’ electric grid operator has powered through record demand this summer by paying more to keep higher reserves and rewarding industrial consumers to cut usage, a combination that has added more than $1 billion to power fees. The Electric Reliability Council of Texas (ERCOT) has […]
U.S. agency to probe how mobile carriers use consumer location data
By David Shepardson WASHINGTON (Reuters) -The Federal Communications Commission said Thursday the agency will investigate mobile carriers’ compliance with rules requiring them to disclose to consumers how they are using and sharing location data. “This information and geolocation data is really sensitive. It’s a record of where we’ve been and […]
Google to clearly label U.S. medical facilities that provide abortion
(Reuters) – Google will clearly label medical facilities in the United States that provide abortions in its search results and in Google Maps to avoid confusing them with anti-abortion centers, its top executive informed lawmakers on Thursday. When users search for “abortion clinics near me”, the results box will display […]
Shipping container suppliers abandon $987 million deal after U.S. probe
By David Shepardson WASHINGTON (Reuters) -Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement on Thursday said they have abandoned a merger plan, citing significant regulatory challenges. China International Marine Containers (CIMC) in September had agreed to buy the Danish shipping company AP […]
Judge rules parts of Trump raid affidavit can be public
WASHINGTON, DC – NOVEMBER 13: U.S. President Donald Trump speaks about Operation Warp Speed in the Rose Garden at the White House on November 13, 2020 in Washington, DC. (Photo by Tasos Katopodis/Getty Images) OAN NewsroomUPDATED 1:18 PM PT – Thursday, August 25, 2022 The judge presiding over the Mar-a-Lago […]
Richard Baris: It’s Clear GOP Voters Not Ready to Move On From Trump
Daniel Baldwin, OAN White House CorrespondentUPDATED 1:24 PM PT – Thursday, August 25, 2022 Democrat Pat Ryan claimed victory in a special election in a bellwether district in New York’s Hudson Valley Tuesday evening. While many election pundits are citing this win as a signal of a dying red wave, […]
Assassination of Daria Dugina at center of western plot to cover up war crimes committed by Ukraine
OAN NewsroomUPDATED 12:10 PM PT – Thursday, August 25, 2022 The assassination of independent Russian journalist Daria Dugina is raising serious questions about who carried out the attack and why. One America’s Pearson Sharp has more. MORE NEWS: Critics Warn Biden Not To Follow Through With Iran Nuclear Deal Free […]