Gap on Thursday announced a new CEO for its Old Navy banner, effective Nov. 2, as the retailer tries to reinvigorate sluggish sales performance at the brand. Michael Francis, who was appointed the chief customer officer at Old Navy in May, will take over the reins from current CEO Haio Barbeito, who will become an…
It’s Nvidia earnings week, which means investors will get their clearest read yet on the AI boom. Oh, and there’s also the not-so-small matter of the Fed’s influential confab at Jackson Hole and what it could signal about the future path of interest rates. Those are the biggest market-moving events of the week, but we’ll…
China was once one of the most attractive and fastest-growing markets for many American brands. With its population of more than 1.4 billion people and massive opportunities for businesses, companies were racing to take advantage of the boon that China could offer. But in recent years, some consumer brands, including Nike, Starbucks and General Motors,…
My top 10 things to watch Friday, Aug. 7 1. Futures rose after nonfarm payrolls unexpectedly fell 23,000 in July. Big miss from the projected 83,000 increase, according to Dow Jones. But the unemployment rate ticked down to 4.1%. The market’s first take was that this bad news for the labor market was good news for…
Rita Ferro at Disney Upfront 2026. Courtesy: Disney Co. As Rita Ferro, Disney president of global advertising, prepared to take the stage at the company’s recent upfront presentation, she had actor Paul Anthony Kelly on her mind. Kelly recently portrayed John F. Kennedy Jr. in the limited FX TV series “Love Story,” and met Ferro…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The S & P 500 and Nasdaq powered higher on Thursday, with both indexes touching all-time highs during the session. Helping fuel the gains, Axios reported…
It may be a holiday-shortened week of trading on Wall Street. But the four days are filled with updates on some of the market’s biggest debates: Is AI eating software? Is the American consumer OK? And what’s happening with inflation? Let’s get into it. 1. Earnings: Salesforce reports on Wednesday night. Unfortunately, the stock has…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets are closing out Friday on a higher note, with the S & P 500 reapproaching 7,500 and on pace for its eighth straight week of gains….
Lululemon is showing its teeth. The Vancouver-based athleticwear company is taking its battle with activist founder Chip Wilson public, writing in a letter to shareholders on Monday he has “outdated perspectives” and “troubling conflicts of interest” that will derail its turnaround plan, materials reviewed by CNBC show. The letter, Lululemon’s first major public response to…
President Donald Trump on Tuesday told CNBC that he will gratefully “remember” U.S. companies that do not seek refunds for the tariffs he unilaterally imposed, which the Supreme Court later ruled were illegal. Trump’s comment on “Squawk Box” came a day after U.S. Customs and Border Protection opened a portal for importers to seek more…
