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Persons: we've, Eileen Fisher, Shop's Women's Burt Organizations: Business

PHOENIX (AP) — Democratic Rep. Ruben Gallego began airing the first television ads of his U.S. Senate campaign on Tuesday as the crucial Arizona race takes shape as a one-on-one contest after incumbent Kyrsten Sinema declined to run for a second term. The Arizona race is one of a handful of contests that will determine control of the Senate. In his ad, Gallego says he worked as a cook and a janitor growing up and got into Harvard University with no money or connections. Arizona has long been a Republican stronghold, but Sinema's 2018 election marked a period of ascendance for Democrats. ___Follow the AP's coverage of U.S. Rep. Ruben Gallego at https://apnews.com/hub/ruben-gallego.

Persons: Ruben Gallego, Kyrsten Sinema, Sinema, Gallego, he's, “, Kari Lake, She's, Donald Trump, They've, Trump, gallego Organizations: PHOENIX, — Democratic, U.S, Senate, Marine, Democrat, Democratic, Harvard University, Republican, Arizona, Lake, New, Republicans, U.S . Rep, ruben Locations: U.S, Iraq, Arizona, Phoenix, Iowa, New Hampshire, ascendance

☆ After an earnings blow out, CEO explains how Gap is 'reigniting' its brand
▼ + stars: | 2024-03-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After Gap 's earnings report topped Wall Street's expectations on Thursday, CEO Richard Dickson told CNBC's Jim Cramer how his company is managing to turn its business around. "We've been reigniting this brand and drawing on what the brand was so special in the first place, really taking on trend products and amplifying it in new ways that only Gap can," he said. "We're using music, we're using fashion as entertainment, and we're taking basic product—linen, denim, wovens, pants—and we're amplifying the narrative around these categories and driving share growth." In addition to its namesake brand, Gap owns brands including Old Navy, Banana Republic and Athleta. "Zac's creative expertise, his cultural clarity, it's consistently evolved American fashion," Dickson said.

Persons: Richard Dickson, CNBC's Jim Cramer, We've, Dickson, he's, Mattel's Barbie, Zac Posen, Richard Dickson's Organizations: Mattel, Old Navy, Banana, Navy Locations: Banana Republic

☆ Stocks making the biggest moves after hours: Broadcom, Costco, MongoDB and more
▼ + stars: | 2024-03-07 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Broadcom — Shares dipped 3% after the semiconductor company posted full-year revenue guidance that was in line with analysts' expectations, per LSEG. For the fiscal first quarter, Broadcom reported adjusted earnings of $10.99 per share, while analysts while analysts polled by LSEG had expected $10.29 per share. Gap — The apparel retailer's stock price jumped 7% after earnings blew past analysts' expectations for the latest quarter. Costco Wholesale — Shares dipped 4% after the retailer slightly missed revenue expectations in the fiscal second quarter. Costco posted $58.44 billion in revenue, while analysts had expected $59.16 billion, according to LSEG.

Persons: LSEG, Marvell, Darla Mercado Organizations: Broadcom, Revenue, Marvell Technology, Marvell, Navy, Costco Locations: LSEG

☆ Gap shares pop as company's holiday earnings blow past estimates, Old Navy returns to growth
▼ + stars: | 2024-03-07 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

In this article GPS Follow your favorite stocks CREATE FREE ACCOUNTA general view of an Old Navy store. Sales at Old Navy grew 6% to $2.29 billion, and Gap's overall gross margin surged 5.3 percentage points to 38.9% thanks to fewer markdowns and lower input costs. The extra week contributed about four percentage points of growth during the fiscal fourth quarter, the company said. Last month, Gap announced it had tapped fashion designer Zac Posen to be its creative director and Old Navy's chief creative officer. "His role as chief creative officer at Old Navy is really to harmonize, orchestrate and dial up the storytelling across product and marketing."

Persons: Richard Dickson, We're, Dickson, It's, he's, Zac Posen, isn't, He'll, they've, Eric Chan, Amy Thompson, Mattel's Organizations: Old Navy, Inc, Navy, LSEG, CNBC, Mattel, LA Clippers Locations: Posen

☆ Kate Winslet is a blast in 'The Regime' — but critics say it's not the next 'Succession'
▼ + stars: | 2024-02-28 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +6 min

"The Regime'" is HBO's latest bet on Kate Winslet, who helped carry miniseries like "Mare of Easttown" to critical acclaim. But according to critics, the series doesn't entirely live up to Winslet's excellent performance. But while critics praised Winslet's acting, many noted that if you're looking for more "Succession," this isn't quite it. Matthias Schoenaerts and Kate Winslet in "The Regime." Miya Mizuno/HBOThe show's ensemble cast is underusedIn addition to Winslet and Schoenaerts, "The Regime" has an ensemble cast with several acclaimed actors.

Persons: —, Kate Winslet, Winslet, Elena Vernham, she's, — Vernham, Herbert Zubak, Matthias Schoenaerts, Will Tracy, Winslet's, Daniel Fienberg, Beast's Coleman Spilde, Gregory Lawrence, Miya Mizuno, Judy Berman, Marina Fang, Carly Lane, Lawrence, elucidations, Alexandre Desplat's, Fienberg, Stephen Frears, Jessica Hobbs, Alexandre Desplat, Caryn James, Oscar, Spilde, HuffPost's Fang, Andrea Riseborough, Schoenaerts, Agnes, Hugh Grant, Martha Plimpton, Judith Holt, Guillaume Gallienne, Danny Webb, David Bamber, Henry Goodman, Paste's Elijah Gonzalez, Andrea Riseborough's Organizations: Service, The, French Dispatch, Budapest Hotel, Daily, HBO, State Locations: Austria

☆ Unilever and Dell have shut down some sustainability marketing initiatives as big corporations embrace 'green hushing'
▼ + stars: | 2024-02-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +7 min

Late last month, computing giant Dell cut part of its marketing team that focused on sustainability and other ESG-related marketing roles, Business Insider has learned. This story is available exclusively to Business Insider subscribers. AdvertisementThis is feeding into a growing trend of "green hushing," where companies stop publicizing their sustainability efforts due to concerns around regulatory scrutiny or a consumer backlash, experts say. Other sustainability agencies have been absorbed into wider offerings, R3 EVP of delivery Sarah Tan told Business Insider. Leo Rayman, head of the sustainability consultancy and venture studio Eden Lab, said that the green hushing phenomenon could suggest a sign of maturity in the space.

Persons: we're, Hein Schumacher, hushing, Pimco, , Harriet Kingaby, Sarah Tan, Kingaby, Bud, Bud Light, influencer Dylan Mulvaney, Guy Parker, — that'll, Parker, Leo Rayman, Rayman, Townsend Organizations: Dell, Business, Unilever, JPMorgan, State, ACT Climate Labs, Media, Advertising Network, Brands, Green Guides, Standards Authority, ASA, BMW, Shell, Etihad Airways, Competition, Markets Authority, Eden, Sustainability

☆ Here are Monday's biggest analyst calls: Nvidia, Alphabet, Salesforce, Arm, CVS, BJ's, Super Micro & more
▼ + stars: | 2024-02-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Morgan Stanley reiterates Target at overweight Morgan Stanley stood by its overweight rating on the department store owner. Morgan Stanley reiterates Salesforce as overweight Morgan Stanley said it likes the setup heading into earnings later this week. Morgan Stanley upgrades HashiCorp to overweight from equal weight Morgan Stanley said the software company has a compelling valuation. Morgan Stanley upgrades AvalonBay to overweight from equal weight Morgan Stanley said apartment REIT stocks like AvalonBay are '"cheap for a reason." Morgan Stanley upgrades Sun Country to overweight from equal weight Morgan Stanley said it likes the airline's business model.

Persons: Goldman Sachs, Goldman, Morgan Stanley, Salesforce, Rosenblatt, Jefferies, Amer, Wells, Jane Fraser, Roth MKM, Roth, TD Cowen, TD, DA Davidson, OW, Fannie Mae, KBW, Freddie, Truist, it's, Piper Sandler, Piper, Bentley Organizations: Nvidia, BMO, Apollo, Amer Sports, Citi, Citigroup, Bank of America, KKR, APO, BJ's Wholesale, D.A, Susquehanna, Energy, HSBC downgrades Moderna, HSBC, Moderna, Google, YouTube, " Bank of America, Omega Healthcare, Sun, DuPont's Mobility, JPMorgan, Navy, Bentley Systems Locations: USD75, Asana, ASAN

The small, primarily digital newsrooms are members of the Institute for Nonprofit News. On primary nights and the general election, AP will give these outlets ready-to-publish graphics with national and local results, along with information gleaned from talking to voters from AP's VoteCast survey. AP plays a central role tabulating results across the country on election nights, using them to declare winners of contested races, along with seeking an in-depth view of what is on voters' minds. Some larger and national organizations offer consumers detailed election information, but usually don’t have the capacity to cover local races of interest to readers of INN publications, he said. The organization's members have a median of four staffers and $271,000 in revenue, he said.

Persons: David Scott, Jonathan Kealing, ” Kealing, Newsrooms, ” Scott Organizations: Associated, Google News Initiative, Institute for Nonprofit News, AP, Mississippi Free Press, San Antonio, Iowa, New Locations: AP's, Texas, Charlottesville Tomorrow, Virginia, Fresnoland, California, New Hampshire

☆ Critics are calling Marvel's newest movie a 'Chernobyl-level disaster'
▼ + stars: | 2024-02-13 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +4 min

"Madame Web" opens in theaters on Wednesday. Variety's Peter Debruge called it "a hollow Sony-made Spider-Man spinoff with none of the charm you expect from even the most basic superhero movie." Jessica Kourkounis/SonyThough "Madame Web" is set in the "Spider-Man" universe, this is truly a standalone movie. One critic called it the 'Cats' of superhero moviesDakota Johnson and Sydney Sweeney in "Madame Web." SonySo just how much did critics dislike "Madame Web"?

Persons: —, Tom Holland, Dakota Johnson, Peter Parker, Adam Scott, Sydney Sweeney, Lovia Gyarkye, Peter Debruge, Madame, Cassie, Madame Webb, Jessica Kourkounis, Sony Johnson, Richard Lawson, Lex Briscuso, Fair's Lawson, you'll, isn't, IndieWire's David Ehrlich, David Fear Organizations: Service, Marvel, Sony, Business, Hollywood Locations: Here's

☆ Snap shares drop 30% after company's revenue miss and weak guidance
▼ + stars: | 2024-02-07 | by ( Alex Koller | ) www.cnbc.com time to read: +3 min

Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Snap shares tanked 30% in Wednesday morning trading, a day after the company missed revenue estimates and issued light guidance in its fiscal fourth-quarter earnings report. Snap reported revenue of $1.36 billion for the quarter, slightly below the $1.38 billion expected by analysts, according to LSEG, formerly known as Refinitiv. They noted that strong ad improvements and impression growth at Meta and Amazon could represent another headwind for Snap's ad revenue. "Stepping back, 4Q was a mixed bag, but the acceleration in 1Q gives us confidence that things are getting back on track," the analysts wrote.

Persons: Evan Spiegel, Morgan Stanley, — CNBC's Michael Bloom, Jonathan Vanian Organizations: Snap Inc, Barker, Meta, Barclays, 4Q, SNAP, JPMorgan, CNBC PRO Locations: Santa Monica , California

☆ Snap's content wasn't something advertisers wanted to be associated with: Perion CEO Tal Jacobson
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSnap's content wasn't something advertisers wanted to be associated with: Perion CEO Tal JacobsonTal Jacobson, Perion CEO, joins 'Squawk Box' to discuss Snap's quarterly earnings results, which reported revenue that trailed analysts’ estimates and issued a forecast that came in a bit below Wall Street expectations, the headwinds facing the company, Snap's ad revenue strategy, state of the digital ad market at large, and more.

Persons: Tal Jacobson Tal Jacobson

☆ Watch CNBC's full interview with Snap CEO Evan Spiegel
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Snap CEO Evan SpiegelEvan Spiegel, Snap CEO, joins 'Money Movers' to discuss the chief executive message to investors, the outlook for Snap's bottom line, and how Spiegel will address the difference in size between Snap and Meta.

Persons: Evan Spiegel Evan Spiegel, Spiegel

☆ Amazon has the most 'juice' to the upside among Big Tech stocks, says Evercore ISI's Mark Mahaney
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon has the most 'juice' to the upside among Big Tech stocks, says Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, joins 'Squawk Box' to discuss Snap's quarterly earnings results, Big Tech stocks' bull run, which tech company he likes the most, and more.

Persons: Evercore, Mark Mahaney Mark Mahaney Organizations: Big Tech

☆ Snap CEO on revenue miss and light guidance
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSnap CEO on revenue miss and light guidanceEvan Spiegel, Snap CEO, joins 'Money Movers' to discuss the chief executive message to investors, the outlook for Snap's bottom line, and more.

Persons: Evan Spiegel

☆ Why this self-made millionaire never touches her debit card—it's 'in a drawer'
▼ + stars: | 2024-02-06 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

She makes sure to pay her credit card bills in full and on time each month to avoid costly interest charges. She racks up rewardsOne of Dunlap's favorite perks of only using credit cards for payment is rewards points. It boosts her credit scoreConsistently using your credit card and paying off your bills on time can help boost your credit score, Dunlap says. Since your payment history accounts for 35% of how your credit score is calculated, making on-time payments "benefits your credit score more than any other single factor," according to Experian. How to decide if only using credit cards may work for you

Persons: Tori Dunlap's, Dunlap Organizations: New York Times, CNBC Locations: Seattle, Paris

☆ Snap plunges 30% on revenue miss and light guidance, as Middle East conflict creates 'headwind'
▼ + stars: | 2024-02-06 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +5 min

Revenue : $1.36 billion vs. $1.38 billion expected, according to LSEG. : $1.36 billion vs. $1.38 billion expected, according to LSEG. Global Daily Active Users : 414 million vs. 412 million expected, according to StreetAccount. : 414 million vs. 412 million expected, according to StreetAccount. Daily active users for the first quarter will be 420 million, Snap said, slightly topping analyst estimates of 419.3 million.

Persons: Evan Spiegel, Porte, Debra Aho Williamson, Mark Zuckerberg, Linda Yaccarino, Shou Zi Chew, Jason Citron, Pinterest Organizations: Inc, Viva Technology, Porte de, CNBC, Meta Locations: Paris, Israel

NEW YORK (AP) — Gap Inc. has tapped American fashion designer Zac Posen as the chain's creative director. Dickson had previously been president of toy giant Mattel and was responsible for re-energizing its Barbie and Hot Wheels lines. Gap also operates stores under Athleta and Banana Republic, Old Navy and its namesake brand. Photos You Should See View All 45 ImagesHe'll be executive vice president at Gap Inc. and also chief creative officer for the lower-priced Old Navy chain. Posen will work closely with Haio Barbeito, Old Navy’s president and CEO, reporting directly to him, the company said.

Persons: Zac Posen, Richard Dickson, Dickson, ” Posen, Katie Holmes, Rihanna, Haio Barbeito Organizations: San, Mattel, Navy, ”, Gap Inc Locations: San Francisco, Banana Republic, Posen

☆ Snap's new mass layoffs hit teams across tech, trust and safety, and an internal analytics team aiding DEI efforts
▼ + stars: | 2024-02-05 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Snap's new mass layoff impacted workers in a range of roles across the company. Another perceived Snap in recent months as a company in "managed decline." C-suite executives who were hired or promoted, like Jerry Hunter and Jeremi Gorman, respectively, to build up and manage Snap's business, are gone and are not being replaced, as CEO Evan Spiegel is taking on oversight of the business. Engineering leaders, too, left the company in recent months. Snap has hired some new executives, like Patrick Harris, Ronan Harris, Darshan Kantak and Eric Young, but none are in the c-suite.

Persons: Evan Spiegel, Snap's, Spiegel, Jerry Hunter, Jeremi Gorman, Patrick Harris, Ronan Harris, Darshan Kantak, Eric Young Organizations: Business, Workers, Monday, BI, Meta, Apple, Engineering Locations: North America, California

MUSKOGEE, Okla. (AP) — The hallways of Bacone College are cold and dark. In the college’s historic buildings, there are leaks to plug, mold to purge and priceless works of Native American art to save from ruin. Founded in 1880 as a Baptist missionary college focused on assimilation, Bacone College transformed into an Indigenous-led institution that provided an intertribal community, as well as a degree. Across the country, there are only a few dozen tribal colleges, according to the American Indian College Fund, a nonprofit that supports Native American access to higher education. Tribal colleges must be sponsored by a federally recognized tribe and have a majority Native student enrollment.

Persons: aren't, Nicky Michael, Woody Crumbo, Fred Beaver, Joan Hill, Ruthe Blalock Jones, Bacone, “ Bacone, ”, Robin Mayes, Michael, Gerald Cournoyer, Cournoyer, Patti Jo King, King, Bull, Custer, Johnnie Diacon, Leslie Hannah, he’s, Midgley, Chris Oberle, KOSU, ___ Graham Lee Brewer Organizations: Baptist, Muscogee Nation Tribal Council, Lakota, Center, American, Kiowa, Huber Energy, Muskogee County Sheriff’s, MHEC, Associated Press, National Register of Historic Places, American Indian College Fund Locations: MUSKOGEE, Okla, shuttering, Muscogee, U.S, Cherokee, Bacone, Oklahoma, Ataloa Lodge, Sequoyah, Tulsa, Utah, Muskogee County

☆ Snap begins a new round of layoffs with staffers expecting more next week
▼ + stars: | 2024-02-03 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

The Snapchat company let go of several dozen staffers on Friday, according to two people familiar with the company. Many Snap employees took the memo as a hint that more company changes were coming. Staffers have been "on pins and needles" about layoffs in recent weeks, according to one of the people familiar with the company. In September, Snap let go of about 150 people after shutting down a short-lived division for creating augmented reality tools for businesses. Evercore senior managing director Mark Mahaney said in mid-January that "Snap has yet to snap back."

Persons: Evan Spiegel, Spiegel, It's, Jerry Hunter, Hunter, Snap's, Nima Khajehnouri, Bernstein, Evercore, Mark Mahaney Organizations: Business, Meta, Block, PayPal

☆ Thousands of employees at tech giant SAP signed a petition saying they feel 'betrayed' by the company's 'radical' return-to-office U-turn
▼ + stars: | 2024-02-02 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +1 min

Employees at the German software giant SAP are revolting against its return to office policies. Thousands of staff signed an internal letter that said they were "betrayed" by the firm's "radical" pivot. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementGerman software giant SAP recently announced a return to office mandate, which has been met with backlash by thousands of employees, Bloomberg reported Wednesday . Over 5,000 SAP employees have signed a letter posted internally — and viewed by Bloomberg — criticizing the company's RTO policies and have threatened to quit as a result.

Persons: —, Bloomberg — Organizations: SAP, SAP's, Service, Bloomberg, Works Council, Business

LOS ANGELES (AP) — Victoria Monét and Coco Jones brought smooth R&B and studied choreography, Noah Kahan and Gracie Abrams — friends up for the same Grammy — dueted their introspective folk, and Jelly Roll brought out Lainey Wilson. Ice Spice performed her new single from her forthcoming debut LP “Y2K.”Those artists — save for Wilson — make up the bulk of the 2024 Grammys ' best new artist nominees and were the headliners of Spotify's annual pre-Grammy party, held Thursday at Paramount Studios. While the lineup leaned heavy on those competing for the coveted best new artist Grammy Award, nominee Fred Again... did not perform. Noah Kahan emerged shortly after, like the most charismatic guy at your local open mic. “I'm Noah Kahan and we are Mumford and Sons,” he introduced his folky band — with the second banjo of the night.

Persons: Victoria Monét, Coco Jones, Noah Kahan, Gracie Abrams, —, Jelly Roll, Lainey Wilson, Spice, Wilson —, Fred Again, Diplo, Ross Lynch, Michael Trotter Jr, Coco Jones —, “, ”, Victoria Monét —, “ I'm Noah Kahan, Mumford, — Abrams Organizations: ANGELES, Paramount Studios, Treaty, “ Locations: New York City

Elsewhere, Bank of America raised its price target on Nvidia, calling for more than 25% upside. 7:07 a.m.: Deutsche Bank deals latest blow to regional bank after earnings disappoint Deutsche Bank joined the post-earnings dogpile on New York Community Bank . Analyst Bernard von-Gizycki downgraded the regional bank to hold from buy and slashed to price target to $7 from $15. Analyst Alicia Yap upgraded the consumer internet stock to buy from neutral and raised her price target by $6 to $50. — Alex Harring 5:45 a.m.: Bank of America hikes Nvidia price target Don't expect Nvidia to lose momentum anytime soon, according to Bank of America.

Persons: Goldman Sachs, Bernard von, Gizycki, — Alex Harring, There's, Alicia Yap, Sea's, Shopee, Alex Harring, what's, Tim Cook, Brandon Nispel, AAPL's, AAPL, Morgan Stanley, Erik Woodring, we're, Tim Long, Piper Sandler, Harsh Kumar, Meta, Ross Sandler, Benjamin Black, Mark Kelley, Bernstein, Mark Shmulik, LSEG, Rufus, Eric Sheridan, Brian Nowak, outsized, Brad Erickson, Vivek Arya, Fred Imbert Organizations: CNBC, Apple, Bank of America, Nvidia, Deutsche Bank, New York Community Bank, von, Investors, Traders, Citi, Nasdaq, Conference, Barclays, Vision, Meta, Wall Street, Amazon, RBC Capital, Enterprise, SAP, VMWare, Dell Locations: Wall, New, Thursday's, Friday's premarket, China, genAI, CY25

☆ Investing in Space: NASA panel warns astronaut moon plan may be too ambitious
▼ + stars: | 2024-02-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

The Moon's surface seen from the Orion spacecraft on flight day 20 of the Artemis I mission. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. NASA's Artemis moon mission program regularly faces a wide swath of questions – from legislators, auditors, companies and even just the American public – about goals, timeline, cost and more. Call it an Artemis mission! If Orion flying uncrewed around the moon is an Artemis mission, then the first uncrewed HLS landing should be too, because it's arguably just as important to the goal of landing humans back on the moon.

Persons: Artemis, CNBC's Michael Sheetz, it's Organizations: Orion, Aerospace, NASA, Artemis Locations: –

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