Gap shares were abruptly halted on Thursday morning due to the early release of their quarterly earnings results. This unexpected turn of events left investors and analysts puzzled as they awaited the official announcement scheduled for later that day. The apparel retailer’s second-quarter earnings report was eagerly anticipated, but the premature disclosure created a stir
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The Biden administration recently announced that it will resume offering free at-home Covid-19 tests to American households starting in late September. This decision comes at a time when the virus is making a resurgence in the U.S. during the summer months. Through the COVIDtests.gov website, Americans will have the opportunity to request up to four
E.l.f. Beauty continues to impress with its remarkable growth story, surpassing quarterly estimates once again. The cosmetics retailer reported a substantial 50% increase in sales, reaching $324.5 million in its fiscal first quarter. CEO Tarang Amin highlighted that the company experienced growth across all categories, with the Bronzing Drops serum quickly becoming a best seller
Bill Ackman, a billionaire investor, has decided to postpone the listing of Pershing Square’s U.S. closed-end fund, as stated on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed with a new date yet to be announced. Ackman is now aiming to
Many Americans are not fully aware of their Social Security benefits despite it being a significant source of income during retirement. According to the National Institute on Retirement Security, only 11% of non-retired Americans know exactly how much they stand to receive in benefits. This lack of awareness can have serious implications for individuals as
The Social Security Administration is currently in the process of updating its online services, and it is crucial for account holders to take action. Particularly for those who created their online “my Social Security” account before September 18, 2021, the agency is urging individuals to log in and transition to a Login.gov account. This transition
The world of competitive eating saw a new champion emerge at the Nathan’s Hot Dog Eating Contest this year. Patrick Bertoletti, a 39-year-old from Illinois, stole the show by consuming a whopping 58 hot dogs in the 10-minute competition. This victory not only earned him the coveted Mustard Yellow Belt in the men’s category but
In today’s rapidly evolving retail landscape, traditional brick-and-mortar stores are facing increasing competition from e-commerce giants like Amazon. One such struggling retailer is Target, which is now turning to Shopify in a bid to revamp its online offerings. By teaming up with Shopify, Target hopes to attract new and trendier brands to its marketplace, Target
In today’s corporate world, the issue of employees abusing corporate expenses is all too common. A 2016 global survey of CFOs revealed shocking requests made by employees, such as doggie day spa visits, taxidermy services, dance classes, a side of beef, and even a welder. These bizarre requests highlight the lack of control that companies
The CEO of VanEck, Jan van Eck, has highlighted a significant sentiment shift in the cryptocurrency market following the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. Van Eck expressed his amazement at this development, stating that it is one of the most remarkable occurrences he has witnessed