DIRS.INFO The most relevant business & tech news

☆ Wall Street embraces biggest IPO in nearly two years
▼ + stars: | 2023-09-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —The largest public offering since 2021 is here. After a nearly two-year drought in the IPO market, UK-based chip designer Arm started trading in New York on Thursday with 95.5 million shares under the ticker ‘ARM’ (ARM) on the Nasdaq. Wall Street views Arm’s listing as a weather balloon for a number of tech companies waiting to go public. A successful debut by Arm could be the big IPO that clears the pipeline for the rest. That would provide a positive market sentiment for the overall stock market.”Goldman Sachs is the lead underwriter in the IPO.

Persons: haven’t, Goldman Sachs, ”, David Solomon, Dave Sekera, ” Goldman Sachs Organizations: New, New York CNN, ARM, Nasdaq, Trading, Apple, Samsung, Nvidia, Companies, Google, AMD, Morningstar Research Services Locations: New York

☆ Ukraine appears to be hunting Russia's formidable S-400 air defense systems in Crimea with modified Neptune anti-ship missiles
▼ + stars: | 2023-09-14 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +5 min

Ukraine modified an anti-ship cruise missile for land-attack missions. The Neptune missile, which was used to sink the Russian ship Moskva, is now hunting down air defense systems. The R-360 Neptune is a subsonic cruise missile that was initially built by Ukraine to counter adversary naval assets. The Ukrainians have long sought the US military's Army Tactical Missile System (ATACMS), but Washington's been reluctant to send these weapons. Smoke rises from the shipyard that was reportedly hit by Ukrainian missile attack in Sevastopol, Crimea, in this still image from video taken September 13, 2023.

Persons: Slava, Oleksiy Danilov, Washington's, Ben Hodges Organizations: Service, Sea Fleet, Ukrainian, National Security and Defense, Neptune Missile, General Staff of, Armed Forces, EG, US military's Army Tactical Missile, Russian, NATO, SA, REUTERS, US Army, Staff, Russian General Staff Locations: Ukraine, Russian, Moskva, Russia, Wall, Silicon, Crimea, Olenivka, Yevpatoriya, France, Ukrainian, Sevastopol, Moscow, US Army Europe

☆ Milley disputes Trump's claim he recommended an attack on Iran
▼ + stars: | 2023-09-13 | by ( Jeremy Herb | ) edition.cnn.com time to read: +4 min

“I can assure you that not one time have I ever recommended to attack Iran,” Milley said. In his book, “The Chief’s Chief,” Meadows references the meeting and the Iran document, claiming Milley urged Trump to attack Iran more than once during Trump’s presidency, but that Trump would not do so. “It contained the general’s own plan to attack Iran, deploying massive numbers of troops, something he urged President Trump to do more than once during his presidency. President Trump denied those requests every time.”Milley told Zakaria he did not know what Meadows had written but reiterated he had never recommended an attack on Iran. “I can tell you with certainty that this chairman never recommended a wholesale attack on Iran,” Milley said.

Persons: Mark Milley, “ Fareed Zakaria, CNN’s Fareed Zakaria, Trump, Donald Trump, Mark Meadows, ” Milley, Milley, Jack Smith’s, Meadows, ” Trump, Zakaria, I’ve, that’s, ”, ” Meadows Organizations: CNN, Joint Chiefs, Staff, White, Army, Milley, Trump, Yorker Locations: Iran, “, Bedminster , New Jersey, ” Meadows

☆ Trinity Site, where first atomic blast was set off, opens for one day in October
▼ + stars: | 2023-09-12 | by ( Kathleen Bangs | ) edition.cnn.com time to read: +12 min

Trinity Site is the national historic landmark that’s home to mankind’s first nuclear blast on July 16, 1945, where plutonium gamma rays lit up the night sky. A caution sign warns of radioactive materials at Trinity Site in New Mexico back in 2008. The open house event, hosted by the US Army, is free but limited to the first 5,000 guests, on a first-come, first-served basis. Trinity Site’s atmosphere during an open house is reminiscent of a small-town carnival from a bygone era. And on April 6, 2024, Trinity Site again opens for a single day.

Persons: CNN —, “ Oppenheimer, ”, Matt McClain, Jonathan Larsen, J, Robert Oppenheimer, McDonald, Sam Wasson, you’ll, Jim Lo Scalzo, Oppenheimer, “, John Dempsey, brightens, Jim Eckles, Trinity, we’ve, Bettymaya, Patricia Henning, Henning, Karl G, Jon G, Fuller Organizations: CNN, Jornada, Trinity, Washington Post, US Army, White, Manhattan Project, Sipa, AP, Albuquerque, Army, Venture, Jumbo, Alamos National Laboratory, New Mexico Gov, National Security Research, Alamogordo Air Base, Radio Astronomy, Getty, “ SETI, Extraterrestrial Intelligence Locations: New Mexico, New York City, Nagasaki, Japan, Trinity, Hiroshima, Socorro, San Antonio . New Mexico, San Agustin, Mexico

☆ Ukrainian company says it's invented a drone resistant to Russian jamming technology, which has been messing up Ukraine's drone warfare
▼ + stars: | 2023-09-12 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

A Ukrainian company said it made jamming-resistant drones and handed the first 15 to the military. But Russian jamming has made many inoperable and forced operators to get closer to the front lines. These latest drones are upgraded versions of the existing Punisher drone, the company said, which has been used to complete scores of successful missions against Russian forces. Yarema, a Ukrainian soldier helping with the Punisher drone effort, told The New Voice of Ukraine that "the most important thing is that the innovative system is resistant to electronic warfare." One Ukrainian drone operator told the BBC that this has meant they have to move closer to the front lines, putting lives in danger.

Persons: Cosmolot, Ukraine Maksym, hasn't, it's Organizations: Russia, Service, Russian, New, Royal United Services Institute, BBC, Russia's Locations: Ukraine's, Wall, Silicon, Ukraine, Ukrainian, Russia, crowdfunding, Bakhmut

☆ North Korean ammunition could offer Russian troops flawed but useful support
▼ + stars: | 2023-09-12 | by ( Josh Smith | ) www.reuters.com time to read: +5 min

North Korean leader Kim Jong Un arrived in Russia on Tuesday for meetings with President Vladimir Putin, where U.S. officials say they expect both sides to pursue an arms deal. The White House has said Russia wants to buy "literally millions" of artillery shells and rockets from North Korea. Hinton told Reuters the question of quality in North Korean artillery shells could have an impact if flaws fall outside accepted tolerances. The performance of North Korea's artillery and crews has been suspect since the North Korean army fired around 170 shells at the South Korean island of Yeonpyeong in 2010, killing four people. "However, it would matter if Korean ammunition is of such poor quality that it is just unsafe to use for Russian soldiers - there have been indications that such quality issues play with Korean ammunition," he added.

Persons: Danish Siddiqui, Kim Jong Un, Vladimir Putin, Joseph Dempsey, Siemon Wezeman, Wezeman, Patrick Hinton, Hinton, Josh Smith, Lincoln Organizations: REUTERS, Danish, Rights, International Institute for Strategic Studies, Western, North, Stockholm International Peace Research Institute, British Army, Royal United Services Institute, Korean, Thomson Locations: Pyongyang, North Korea, Rights SEOUL, Korea, Russia, Ukraine, Stockholm, Korean, Yeonpyeong, Washington

The Federal Aviation Administration indicated Friday that it is moving toward requiring that planes be equipped with technology designed to prevent close calls around airports. The FAA asked an internal advisory panel to make recommendations on how to require systems that would alert pilots if they are lined up to land on the wrong runway or a taxiway, or when the runway they have chosen is too short. The FAA said the move is part of its effort to eliminate “serious close calls.” The National Transportation Safety Board has started investigations into seven such incidents since January. Planes typically have GPS-based systems that warn pilots if they are in danger of hitting the ground or an obstacle. He said the FAA move “sounds like a very good idea.”Preliminary reports about close calls this year point to pilot error in some cases and air controller mistakes in others.

Persons: ”, Douglas Moss, Moss, Chris Manno, ” Manno, Pete Buttigieg, “, Buttigieg, David Boulter Organizations: Federal Aviation Administration, FAA, Transportation, Honeywell, University of Southern, San Francisco International Airport, Air Canada, NTSB, San Diego International Airport, ”, Associated Press, Industry, U.S Locations: University of Southern California, Southwest

LAS VEGAS (AP) — Criminal charges were dropped Thursday against Las Vegas Aces player Riquna Williams after the alleged victim in a July domestic violence incident at their home stopped cooperating with prosecutors ahead of a preliminary hearing to determine if the case should go to trial. Williams’ attorney, Brandon Albright, told reporters that Williams hopes to rejoin the team for WNBA playoffs that begin next week. “It’s our hope that in short order she’ll be able to join her team,” Albright said. Williams played for the University of Miami before she was drafted into the WNBA in 2012 by the Tulsa Shock. ____Associated Press sports writer Mark Anderson in Las Vegas contributed to this report.

Persons: Riquna Williams, Williams, Brandon Albright, “, she’ll, ” Albright, hasn’t, Albright, Taylor Reeves, Amy Wilson, ” Reeves, Wilson, Reeves, Mark Anderson Organizations: LAS VEGAS, Las Vegas Aces, WNBA, Aces, Western Division, Clark, Las Vegas Justice, Police, University of Miami, Tulsa, Los Angeles Sparks, Associated Press Locations: Florida, Las Vegas

☆ The war in Ukraine is pushing Russia away from its WWII-style artillery strategy, and experts say it's 'a concerning trend'
▼ + stars: | 2023-09-07 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Russia and Ukraine have relied heavily on artillery to batter each other's forces. AdvertisementAdvertisement"This is a concerning trend, as over time it will likely significantly improve Russian artillery," write the report's authors, Jack Watling and Nick Reynolds. Russian artillery doctrine is still largely based on extensive analysis of World War II data to determine how many shells were needed to achieve a specific effect. REUTERS/Maxim Zmeyev"First, Russian forces lack the ammunition to sustain this volume of fire," the RUSI report said. According to the RUSI report, Russia continues "to rely heavily" on multiple-launch rockets, 120-mm mortars, and "other imprecise systems," and "corner-cutting in the production of its munitions is becoming apparent."

Persons: Jack Watling, Nick Reynolds, ANDREY KRONBERG, —, Stalin, Operation Bagration, Maxim Zmeyev, Andrey Rusov, Katyusha, Michael Peck Organizations: Service, Britain's Royal United Services Institute, Getty, REUTERS, Russian Defense Ministry, Defense, Foreign Policy, Twitter, LinkedIn Locations: Russia, Ukraine, Wall, Silicon, Western, Moscow, Volgograd, AFP, Berlin, Russian, Saratov, US, Soviet, Forbes

☆ Signal's president doubts Elon Musk can successfully turn Twitter into a 'super app' like WeChat
▼ + stars: | 2023-09-04 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

The leader of tech's favorite texting app suspects there will never be a WeChat in the U.S.Elon Musk is attempting to turn Twitter, renamed X, into just such an app. AdvertisementAdvertisementThe odds of Elon Musk turning Twitter into the next "super app" are slim, according to the president of Signal. Signal is a fully encrypted app for calls and texts that is widely used in the tech industry, including by Musk. "People have been talking about it for years, and we still don't have a super app," she said in an interview with Swiss magazine Schweizer Monat. Meta, formerly known as Facebook, has also been attempting for a couple of years to build WhatsApp into something akin to a super app.

Persons: Elon Musk, Meredith Whittaker, Signal's, Whittaker, Schweizer, Musk, Linda Yaccarino, Mark Zuckerberg, Dara Khosrowshahi, Uber Organizations: U.S, Elon, Twitter, Morning, Google, Swiss, Facebook Locations: China, Asia, WeChat, Japan, Kakao, Korea, U.S, West

☆ These ETFs give investors a way to bet on the next wave of space exploration — and commercialization
▼ + stars: | 2023-09-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Russell and Tunkel pointed to falling launch costs, continued demand for satellites and India's recent moon landing as reasons to be excited about the future for the space industry. The most successful of these funds, both by total assets and performance this year, is Cathy Wood's Ark Space Exploration & Innovation ETF (ARKX) . The ARK fund takes a broad approach to finding space stocks. The Ark fund even has some stocks that are only tangentially related to space, at least for now, like Amazon and Google-parent Alphabet . For investors looking for a more narrow approach, BCA described the Procure Space ETF (UFO) as the "purest play on space exploration."

Persons: Guy Russell, Irene Tunkel, Russell, Tunkel, Cathy Wood's, Trimble, — CNBC's Michael Bloom Organizations: BCA Research, Innovation, Google, BCA, SES, Rocket Locations: Luxembourg

☆ Opinion: Remembering ‘Juice,’ the young fighter pilot who embodied the Holy Grail of aviation
▼ + stars: | 2023-09-01 | by ( Opinion Nolan Peterson | ) edition.cnn.com time to read: +11 min

The young Ukrainian pilot known by the call sign "Juice" campaigned for F-16 fighter jets for his country in its battle against Russia. The joking, the nonchalance, the sterile vocabulary — it’s all part of a well-honed fighter pilot culture, which ingrains the mental resilience needed to survive. “Even with our losses, we are still doing our job in this real combat mood, real fighter pilot mood, with crazy jokes. Beyond their fears and sorrows, there is another emotion, unique to war, which Ukrainian fighter pilots must now also control each time they fly. For its part, the US military plans to start training Ukrainian pilots to fly the supersonic fighters this October.

Persons: Nolan Peterson, Read, CNN —, I’ve, Andriy Pilshchikov —, he’d, Juice, I’m, “ We’re, we’ve, “, …, ” Melaniya, wasn’t, —, Tom Wolfe, ’ Nolan Peterson, ” Jonathan “, ” Juice, it’s, ” Podolyak, ” Organizations: Atlantic Council, US Air Force, Fortem Technologies, CNN, Tactical Aviation Brigade, Russia, Garmin, California National Guard, Kyiv, Ukrainian, Twitter, Facebook, US Air National Guard Locations: Ukraine, Kyiv, Ukrainian, Afghanistan, Russian, Kyiv’s outskirts, ” Jonathan “ Jersey, Soviet, Netherlands, Denmark, Norway, California

The Liberian-flagged oil tanker Ice Energy transfers crude oil from the Iranian-flagged oil tanker Lana (former Pegas), off the shore of Karystos, on the Island of Evia, Greece, May 26, 2022. The United States has sought to limit Iran's oil exports since Donald Trump exited a 2015 nuclear accord in 2018 and re-imposed sanctions aimed at curbing revenues to Iran's government. SVB International, a consultant, estimates Iran's oil production increased in August to 3.15 million barrels per day (bpd), the highest since 2018, with crude oil and condensate exports at just under 2 million bpd. Kpler, a provider of flows data, expects August crude exports to average about 1.2 million bpd, down from a 2018 high of 1.54 million bpd reached in May. Iran's oil minister was quoted by state media as saying crude output will reach 3.4 million bpd by the end of September.

Persons: Costas Baltas, Donald Trump, Joe Biden's, Sara Vakhshouri, Jake Sullivan, Biden, Kevin, Ben Cahill, Vakhshouri, Alex Lawyer, Timothy Gardner, Andy Sullivan Organizations: Liberian, Ice Energy, REUTERS, Analysts, United, SVB, Reuters, White, National, ClearView Energy Partners, U.S . State Department, Treasury Department, Center for Strategic, International Studies, Organization of, Petroleum, Tanker, Thomson Locations: Karystos, Evia, Greece, WASHINGTON, Tehran, China, United States, Iran, South Korea, U.S, Syria, Venezuela, OPEC, Russia, London, Washington

☆ A woman and her dog were swept away by flash flooding that suddenly surged through a Utah slot canyon. They were saved after the SOS emergency feature on her iPhone notified rescuers.
▼ + stars: | 2023-08-29 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

A woman was hiking with her dog in a Utah slot canyon Thursday when she heard flash flooding coming. Rescuers were able to find them after she used the emergency satellite SOS feature on her iPhone. AdvertisementAdvertisementShe then used the emergency satellite SOS feature on her iPhone to send a message for help. However, the woman got a message back to her phone that said, "Emergency Services: Message Send Failure." It's unclear why the woman received a message to her iPhone that said her request for help was not sent.

Persons: Mary Jane Canyon, GCSAR Organizations: Rescuers, Facebook, Apple Locations: Utah

☆ Indexes end higher in volatile trade as investors assess Powell speech
▼ + stars: | 2023-08-25 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. Powell "is demonstrating that he is pleased with how far monetary policy has come and how inflation has been reduced. All of the major S&P 500 sectors rose, with consumer discretionary (.SPLRCD), technology (.SPLRCT) and energy (.SPNY) among the top gainers. Reuters GraphicsThe S&P 500 and Nasdaq also ended higher for the week, with the Nasdaq rising about 2.3% and ending a three-week streak of losses. The S&P 500 posted 6 new 52-week highs and 7 new lows; the Nasdaq Composite recorded 23 new highs and 202 new lows.

Persons: Jerome Powell, Powell, Michael Arone, Brendan McDermid, Nordstrom, Caroline Valetkevitch, Amruta Khandekar, Lewis Krauskopf, Shinjini Ganguli, Deepa Babington Organizations: Marvell Technology, Nordstrom, Dow, Nasdaq, Federal, State Street Global Advisors, Dow Jones, Reuters, Traders, New York Stock Exchange, REUTERS, Hostess Brands, Hawaiian Electric Industries, NYSE, Thomson Locations: U.S, , Wyoming, Boston, New York City, Hawaii, Maui

☆ Indexes end higher in volatile trade as investors take in Powell speech
▼ + stars: | 2023-08-25 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Powell also acknowledged that price pressures have eased in his much-anticipated morning speech at the Economic Policy Symposium at Jackson Hole, Wyoming. According to preliminary data, the S&P 500 (.SPX) gained 29.01 points, or 0.66%, to end at 4,405.32 points, while the Nasdaq Composite (.IXIC) gained 125.16 points, or 0.93%, to 13,589.13. All of the major S&P 500 sectors ended higher, with energy (.SPNY), consumer discretionary (.SPLRCD) and technology (.SPLRCT) among the top gainers. The S&P 500 and Nasdaq also ended higher for the week, with the market gaining in the run up to Nvidia's (NVDA.O) second-quarter results.

Persons: Brendan McDermid, Jerome Powell, Powell, Michael Arone, Nordstrom, Amruta Khandekar, Lewis Krauskopf, Shinjini Ganguli, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Nordstrom, Federal, Nasdaq, Dow Jones, State Street Global Advisors, Hostess Brands, Reuters, Thomson Locations: New York City, U.S, , Wyoming, Boston, Hawaii, Maui, New York

☆ Gap shares jump as investors focus on profit beat over weak forecast
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +1 min

Aug 25 (Reuters) - Shares of Gap (GPS.N) climbed as much as 8% on Friday, after the apparel retailer's quarterly profit beat indicated that the Old Navy parent's cost cuts were paying off even as easing demand weighed on its sales forecast. Gross margin increased 310 basis points to 37.6% in the second quarter from a year earlier. "(It's) no easy task at hand, but the ground work has been laid," said Barclays analyst Adrienne Yih. Still, the company forecast a steeper-than-expected drop in current-quarter sales and missed sales expectations for the second quarter and also warned it was losing market share to rivals including Shein, Amazon and T.J. Maxx. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Barbie, Richard Dickson, Adrienne Yih, Ananya Mariam Rajesh, Sriraj Organizations: Old Navy, Jefferies, Bank of America, Mattel, Republic, Barclays, Maxx, Thomson Locations: Bengaluru

☆ Morning Bid: Jitters mount as Powell retakes centre stage
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

Any hints about the Fed's rate outlook are sure to reverberate across asset classes. Stock markets around the globe slid as nerves grew, with Wall Street taking a tumble overnight and Japan's Nikkei (.N225) dropping 2% in the Asian morning. Stoxx 50 futures didn't offer much hope for the coming day after Europe's benchmark (.STOXX) drooped on Thursday. The pristine U.S. resiliency story took a hit earlier this week after surveys showing dismal business activity shook confidence. Reuters GraphicsFed officials squeezed in some final public comments before the boss's speech: Philadelphia Fed President Patrick Harker leaned towards holding policy steady for the rest of the year, while Boston Fed President Susan Collins kept the door open for additional hikes.

Persons: Brigid Riley, Jerome Powell, Jackson, drooped, Patrick Harker, Susan Collins, Christine Lagarde, Kevin Buckland, Edmund Klamann Organizations: Silicon Valley Bank, Credit Suisse, REUTERS, Staff, Japan's Nikkei, Thursday, Fed, Reuters Graphics, Philadelphia Fed, Boston Fed, Thomson Locations: Frankfurt, Silicon, Germany, U.S, Sweden

☆ 3-Stock Lunch: ULTA, AFRM & GPS
▼ + stars: | 2023-08-25 | 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 Email3-Stock Lunch: ULTA, AFRM & GPSNancy Tengler, Laffer Tengler Investments, joins 'Power Lunch' to discuss three stocks: Ulta Beauty, Affirm and Gap.

Persons: Nancy Tengler Organizations: Investments

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. While inflation has come down from its peak, Powell said, it still remains high and policymakers would "proceed carefully" in deciding further interest rate moves. "But he also threatened to drop the hammer again if the economy and job market run too hot. The S&P index recorded two new 52-week highs and seven new lows, while the Nasdaq recorded 12 new highs and 149 new low. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Nordstrom, Jerome Powell's, Powell, David Russell, advancers, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Dow, Nasdaq, Jackson, Treasury, Fed, Dow Jones, NYSE, Thomson Locations: New York City, U.S, Maui

☆ Gap eyes weak third quarter sales as consumer spending weakens
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

Aug 24 (Reuters) - Gap Inc (GPS.N) forecast third-quarter sales below expectations and missed Wall Street estimates for quarterly sales on Thursday, hit by softness in demand as budget-strained American customers cut back their spending on accessories and apparel. The owner of Banana Republic and Athleta brands expects third-quarter net sales to decrease in the low double-digit percentage range, compared with analysts' expectations of a 6.76% decline, according to Refinitiv data. The company's net sales fell to $3.55 billion in the second quarter from $3.86 billion a year earlier. Analysts on average had estimated sales of $3.57 billion, according to Refinitiv data. Reporting by Ananya Mariam Rajesh in Bengaluru and Kate Masters in New York; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Ananya Mariam Rajesh, Kate Masters, Krishna Chandra Organizations: Banana Republic, Thomson Locations: Bengaluru, New York

☆ Gap Revenue Falls on Weaker In-Store and Digital Sales
▼ + stars: | 2023-08-24 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/gap-gps-q2-earnings-report-2023-170c2a7f

Persons: Dow Jones

☆ Gap reports another period of declining sales across all brands, warns of 'uncertain consumer'
▼ + stars: | 2023-08-24 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +7 min

In this article GPS Follow your favorite stocks CREATE FREE ACCOUNTPedestrians walk past Old Navy and GAP stores in Times Square, New York City. The company is projecting net sales to decrease in the low double-digit range for the fiscal third quarter compared to last year's net sales of $4.04 billion. Sales declined 6% at Old Navy, on top of a sharp 13.6% decline in the prior-year period. Gap is betting Dickson can breathe new life into Gap's brands: its namesake banner, Old Navy, Banana Republic and Athleta. "We know that regardless of market conditions, strong brands, brands that matter, win," said O'Connell.

Persons: Drew Angerer, Katrina O'Connell, Neil Saunders, StreetAccount, Richard Dickson's, Mattel's Barbie, Dickson, Here's, Chris Blakeslee, Alo Yoga, O'Connell Organizations: Navy, GAP, Refinitiv, Old Navy, Mattel, Banana, Republic Locations: Times Square , New York City, Banana Republic, women's, men's, Gap China, North America

☆ Solar Orbiter observes jets of material escaping the sun
▼ + stars: | 2023-08-24 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —The Solar Orbiter mission has discovered jets of material rapidly releasing from the sun’s outer atmosphere. An artist's concept shows the Solar Orbiter spacecraft circling the sun. The advanced instruments aboard Solar Orbiter, as well as NASA’s Parker Solar Probe, are helping to unlock the biggest mysteries that remain about the sun. The sun’s magnetic field is so massive that it stretches beyond Pluto, providing a pathway for solar wind to travel directly across the solar system. Solar Orbiter works in tandem with Parker Solar Probe, which is orbiting the sun on a seven-year mission after launching in August 2018.

Persons: “, ”, Lakshmi Pradeep Chitta, Max Planck, NASA’s Parker, Andrei Zhukov, ESA’s Daniel Müller, Parker Organizations: CNN, Orbiter, NASA, European Space Agency, Solar, ESA, Max, Max Planck Institute, Solar System Research, Probe, Space, Royal Observatory of, Solar Orbiter, Parker Locations: Germany, Royal Observatory of Belgium

☆ I'm a Dallas mom who left Uber and Lyft to drive for Alto where I can get health insurance and a 401(k) — here's why it's a much better side gig
▼ + stars: | 2023-08-23 | by ( Jamie Killin | ) www.businessinsider.com time to read: +6 min

I tried driving for Uber and Lyft from 2015 until 2020 off and on. AdvertisementAdvertisementIf I work one 10-hour shift a week, I can remain an Alto driver, and as a driver you're paid by the hour — not by how many trips you book. I recently had a schedule change at my full-time job to mornings, so now I work evenings as an Alto driver. Driving with Alto has the structure and certainty of a full-time jobWith Alto, we have set shifts, like regular employees going into an office. As an Alto driver, you also have the option to get health benefits and a 401(k) because all drivers are W2 employees.

Persons: Tamara Smith, Uber, I've, It's, Lyft, overnights —, isn't, Tamara Smith's Organizations: Service, Alto, Foods, FAA Locations: Dallas, Wall, Silicon, Dallas , Houston, Los Angeles, Miami, Washington, San Francisco, Alto, New Orleans, RideCheck

Search resuls for: "GPS"

25 mentions found