American Eagle shares plunge 17% after it withdraws guidance, writes off $75 million in inventory
American Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise and withdrawing its full-year guidance...
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Investment News
Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty
In a year when the U.S. consumer has been weighed down by economic uncertainty, geopolitical tensions and inflation, Black entrepreneurs...
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Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands
Constellation Brands on Tuesday reported quarterly earnings and revenue that missed analysts’ estimates as beer demand slid and tariffs on...
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Microsoft laying off about 9,000 employees in latest round of cuts
Microsoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its...
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Trump dismisses Musk’s political ambitions as ‘ridiculous’ in sharp rebuke
President Donald Trump slammed former first buddy Elon Musk for starting a third political party, saying such parties have ‘never...
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Iran still wants a nuclear weapon despite ‘serious damage’ from US, Israeli strikes: expert warns
Iran is preparing its next step in what one security expert warns remains its chief objective: developing a nuclear weapon....
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Democrats project doom and gloom, not celebration, with July 4 messages
Prominent Democrats sent messages of doom and gloom rather than celebration on July 4, drawing ire from a multitude of...
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Xi Jinping’s surprise no-show at BRICS Summit fuels speculation about China’s global standing
Chinese President Xi Jinping will not attend this week’s BRICS Summit in Brazil, marking the first time the Chinese leader...
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Iran regime escalates repression toward ‘North Korea-style model of isolation and control’
In the wake of the 12-day war between Israel and Iran, the regime appears to be turning inward — escalating...
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