Retailers Scale Back
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Target’s plan to scale back Pride Month merchandise puts it in ‘a no-win situation,’ retail expert says
Target said its 2024 Pride collection will be available on its website “and in select stores, based on historical sales performance.”MarketWatch - Business -
U.K. Retail Footfall in May Shows Improvement
U.K. retail footfall fell almost 4% in May, year-on-year, but was an improvement on April’s sharp drop.The Wall Street Journal - World - United Kingdom -
Gap’s stock jumps 23% as the retailer swings to profit and raises guidance
Gap Inc. shares rallied in the extended session Thursday after the retailer reported first-quarter earnings and sales well above investors’ expectations, raised its guidance for the year and pared down its inventory.MarketWatch - Business -
JD Sports shares slump as retailer scrapes bottom end of profit guidance
JD Sports reported an 8% drop in its pre-tax profits, to £917 million, that saw it achieve the bottom end of its £915-£925 million guidanceMarketWatch - Business -
Retailers like Gap and Foot Locker had a strong week. That doesn’t spell a consumer comeback
Gap profits were 9 times higher and Foot Locker beat estimates — unlikely winners in Q1 retail earnings. But, this says more about the companies than consumers.CNBC - Business -
It was a strong week for retail earnings. That doesn't spell a consumer comeback
Retail’s biggest winners during first-quarter earnings aren’t thriving because consumers are suddenly spending more on discretionary goods — it’s because they’re executing well and cash-strapped shoppers are choosing them over competitors.NBC News - Top stories -
Biden dons helmet, lauds Chiefs for 'back to back'
President Joe Biden welcomed the Chiefs back to the White House, making note of their "back-to-back" Super Bowl wins while being gifted a helmet by coach Andy Reid.ESPN - Sports - Joe Biden -
Education Department vows 'full-scale review' of financial aid office after FAFSA debacle
Education Secretary Miguel Cardona promises “transformational changes” after technical issues caused months of delays and errors with the overhauled aid form.NBC News - Top stories -
UK government cuts NatWest stake after suspending plans for retail share sale
Disposal of £1.24bn of shares via a buyback reduces state’s holding to under 23%Financial Times - Business - United Kingdom -
Chinese online retailer Temu latest to face EU's strictest level of digital scrutiny
The European Union is adding Chinese online retailer Temu to its list of platforms facing the bloc’s highest level of digital scrutinyABC News - Tech -
Gap's Look Is Finally Back on Point
The apparel retailer’s new leadership is bringing excitement back to all of its brands without sacrificing profitability.The Wall Street Journal - World -
Is commuting into the office back? Well, sort of
Traveling for hours every week to and from the office temporarily went out the window during the Covid-19 pandemic. For some people, working from home provided sweet relief from commuting stress, leading to greater job satisfaction. But others ...The Hill - Politics -
Global M&A lurches back to life
After a weak 2023, a recent flurry of deals is the latest sign of a revival in activity. However political uncertainty is holding back some takeoversFinancial Times - Business -
Telecom Italia Backs Outlook After Earnings Rise
Telecom Italia maintained its financial targets for the year after reporting higher first-quarter revenue and earnings.The Wall Street Journal - Business -
Netanyahu criticizes Biden administration for not backing ICC sanctions
Israeli Prime Minister Benjamin Netanyahu criticized the Biden administration for not backing sanctions against the International Criminal Court (ICC) over the Israel-Hamas war. “I'm surprised and disappointed, because I think it's to the ...The Hill - Politics - Joe Biden -
Day 8 of the UK electoral campaign: as it happened
Deselected candidate for Chingford and Wood Green hits out at ‘culture of bullying’ as party row intensifiesFinancial Times - Business - United Kingdom -
How to analyse an M&A deal on the back of a napkin
Whether you own the aggressor or acquiree, here’s the playbookFinancial Times - Business -
'We'll be back': Wolves hungry for more after loss
Timberwolves star Anthony Edwards said he and his teammates would "be ready" next season after being eliminated by the Mavericks in Game 5 of the Western Conference finals.ESPN - Sports -
Ex-QB Buchner back with Irish, but as receiver
Former QB Tyler Buchner will play wide receiver for the Irish after serving as a reserve midfielder for Notre Dame's lacrosse team, which won its second straight national championship Monday against Maryland.ESPN - Sports -
WATCH: Rehabilitated koala released back into wild
A rehabilitated koala that was injured in a car collision was released back into the wild, surrounded by a contingent of police officers to see the marsupial off.ABC News - Top stories -
Trump hits back after historic felony conviction
One day after he was convicted of 34 felony counts, former President Trump slammed the judge, the Democratic district attorney, and star prosecution witness Michael Cohen. Mr. Trump received tens of millions of dollars in campaign contributions in ...NBC News - Politics - Donald Trump -
Hedge fund billionaire Bill Ackman likely to back Trump
Financier’s anticipated announcement comes as Wall Street warms to former US presidentFinancial Times - Business - Donald Trump -
McDonald's Pushes Back, Calls $18 Big Mac Meal an 'Exception'
In response to a mounting storm of social media criticism, it saysnews reports overstated its price increases.Inc. - Business -
Keir Starmer put on the back foot over treatment of Diane Abbott
Labour spent the day in a muddle of its own making over whether or not the north London MP would be standing again. Keir Starmer began his day by taunting Rishi Sunak for the faltering start to the Conservative’s election campaign.. On a visit to ...The Guardian - World -
Saudi fund invests in China effort to create rival to OpenAI
Aramco’s Prosperity7 takes part in investment round for start-up Zhipu AIFinancial Times - Business - China -
Hungary's Orbán pushes back on EU and NATO proposals to further assist Ukraine
Hungarian Prime Minister Viktor Orbán is pushing back against some NATO proposals that would allow Ukraine to use Western weapons to strike targets within RussiaABC News - World - Ukraine -
Missing girl's dad goes to No 10 to hand back medals
Richard Lee is travelling from Hartlepool to hand back his army medals in protest.BBC News - Top stories -
Music Review: Willie Nelson takes it back to Texas, with notes of Mexico, on 'The Border'
Willie Nelson is showing no signs of slowing down at 91 years oldABC News - Entertainment -
The Long Climb Back for Fernando Tatis Jr., Once the Next ‘Face of Baseball’
The Padres star is known for his loud, uninhibited style of play. But now he’s also known for something else: steroid use.The New York Times - Sports -
Grant Thornton Is Now the Biggest Accounting Firm to Get Private-Equity Backing
The firm’s Chicago-based U.S. unit closed a deal led by New Mountain Capital that creates a new limited liability company for nonaudit services.The Wall Street Journal - World -
Woman is back on dialysis after doctors remove transplanted pig kidney
Doctors say a woman who received a pig kidney transplant is back on dialysis after surgeons removed the gradually failing organABC News - Health -
Top running backs for 2024 fantasy football, according to our experts
The Yahoo Fantasy football analysts reveal their first running back rankings for the 2024 NFL season.Yahoo Sports - Sports -
Biden hits back at Trump’s ‘dangerous’ claim hush-money trial was rigged
US president says it is ‘reckless’ and ‘irresponsible’ for Republicans to malign integrity of America’s justice system. Donald Trump conviction – live updatesJoe Biden warned on Friday that it was reckless and “dangerous” for anyone to claim ...The Guardian - World - Joe Biden -
The Walking Dead: The Ones Who Live review – Andrew Lincoln is back!
The latest spin-off features the return of Rick and lover Michonne – as well as some very overwrought plots. Although there is something totally new at one point: an actual joke. Like many, I had to remove myself from The Walking Dead’s viewership ...The Guardian - World -
Obama backs Israel-Hamas cease-fire road map: 'It can save lives'
Former President Obama offered his endorsement of the Israel-Hamas cease-fire road map that President Biden announced Friday, arguing “it can save lives” and provide some security for both Israel and Palestinians in Gaza. Obama called it a ...The Hill - Politics - Israel -
'This is a bad day for America' - voters split on Trump verdict
We asked independent voters and Republicans who have doubts about Trump if conviction changes anything.BBC News - Top stories - Donald Trump -
Woman has pig kidney transplant removed after issues, back on dialysis
A woman who received a pig kidney transplant is back on dialysis because surgeons had to remove the gradually failing organ after just 47 days.NBC News - Top stories -
Google Rolls Back A.I. Search Feature After Flubs and Flaws
Google appears to have turned off its new A.I. Overviews for a number of searches as it works to minimize errors.The New York Times - Tech - Google -
What We Know About Israel’s Cease-Fire Proposal Backed By Biden
President Biden outlined a road map put forward by Israel that would begin with an immediate, temporary cease-fire and work toward a permanent end to the war and the reconstruction of Gaza.The New York Times - Top stories - Joe Biden -
Google Rolls Back A.I. Search Feature After Flubs and Flaws
Google appears to have turned off its new A.I. Overviews for a number of searches as it works to minimize errors.The New York Times - Top stories - Google