Finance

Online sales saves Gap 2nd Quarter, revenue down 18 percent due to pandemic

Gap Inc. stated Thursday its overall sales drop 18% throughout the current quarter, as e-commerce income surged 95% from a year ago, but those gains were balanced out by a 48% drop in store sales during the pandemic. It swung...

Americans in 5 states will start receiving the extra 300 unemployment bonus

A minimum of 5 states have actually started paying a federal increase to weekly unemployment benefits. Others have signaled they'll do so within days. Arizona, Louisiana, Missouri, Tennessee and Texas are the first states to pay out the help, a...

Coca-Cola Left with a bad taste, plans restructing with voluntary job cuts

Coca-Cola revealed on Friday a labor force restructuring plan that will consist of voluntary job cuts. Shares of the drink giant, which has a market price of $210 billion, rose 1% in premarket trading. The stock has fallen 12% this...

TikTok US business could be sold by early next week, CEO Kevin Mayer resigns

TikTok is nearing an offer to sell its U.S. operations and might announce a deal in the coming days, according to individuals acquainted with the matter. Kevin Mayer, TikTok's CEO, revealed his resignation Thursday after news of the announcement leaked...

McDonald’s former CEO being investigated for covering up for current employees

McDonald's examination into former CEO Steve Easterbrook's habits includes probing allegations of misconduct fixed the company's personnels department and whether he covered up other staff members' improprieties, according to reports from The Wall Street Journal and Bloomberg. Previously this month,...

Working out at home needs sends Dick’s Sporting Goods Online sales up 194 percent

Dick's Sporting Goods reported jaw dropping quarterly earnings and sales growth Wednesday, saying consumers flocked to its site for sporting gear, kayaks, weights and workout clothes to stay hectic during the pandemic. Its shares leapt as much as 16% in...

J.Crew plans to leave bankruptcy as soon as next week

J.Crew Group stated Tuesday it anticipates to emerge from Chapter 11 in early September, after a bankruptcy court accepted its restructuring plan. The plan, authorized by a Virginia federal court, will equitize over $1.6 billion of secured financial obligation, and...

Overwhelmed Nordstrom post larger than expected loss due to the pandemic

Nordstrom reported a bigger-than-expected loss and a 53% dropped in sales on Tuesday, as its stores were shut for about 50 percent of the reported quarter due to the pandemic, sending the department store chain’s shares down about 7%. Like...

CA Unemployed Residents will get additional 400 per week, timetable undecided

Countless out-of-work Californians will quickly be able to receive an additional $400 in welfare. Officials say $300 will originate from the federal government, and the rest from Sacramento. Authorities hope to have a timeline for when individuals could get the cash...

Papa John’s riding high with increasing demand, sales up 24 percent in August

With consumers opting for carryout and delivery during the pandemic, Papa John's has extended its growth streak into August. From July 27 through Aug. 23, preliminary estimated North American systemwide same-store sales rose 24.2%, while preliminary estimates show worldwide systemwide...
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Shooter’s GF Aolani Pettit arrested in the Cannon Hinnant case

A second individual has been detained and charged in the fatal shootng of a Wilson 5-year-old back in August. Wilson...
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Kim Kardashian Praises JoJo Siwa For Being TIME’s 100 Most Influential People of 2020

JoJo Siwa secured a spot-on TIME's list of 100 Most Influential People of 2020. Kim Kardashian congratulated the Dance Moms Alum. The SKIMS CEO paid...

Dakota Johnson Asks For Better Treatment of Hollywood Assistants

The Fifty Shades of Grey Actress calls Rude Behaviour towards Assistants ‘Boring and Sad’ Dakota Johnson called for better treatment of Hollywood assistants. While talking...

Snipes Teams up with Puma to encourage voting in the 2020 Election

Today, on National Voter Registration Day, SNIPES USA and PUMA are debuting technologies in all 95 Snipes retail locations to make voter registration easy...

Here is Kyle Rittenhouse Lawyer’s video proof his client acted in self defense

A lawyer for thought militia member Kyle Rittenhouse-- who is accused of fatally shooting 2 protesters and wounding a third at a Black Lives...