Tag Archives: gap

Less than half of respondents to a new Yahoo/Maru poll said they feel very confident in their financial literacy of stocks and bonds. A new survey shows many Canadians feel they have a sufficient level of financial literacy despite acknowledging that investing is still one major area they don’t understand. Seventy per cent of respondents to a new Yahoo poll, conducted by Maru Public Opinion, reported feeling confident in their financial literacy skills and have a “thorough understanding” or… Source link

Economic inequality between the richest and poorest Americans is continuing to widen, boosted by the fallout of the coronavirus pandemic. According to data from the Federal Reserve, household wealth among the top 1% of Americans grew from $17.08 trillion in Q3 2010 to $35.3 trillion in Q3 2020, and currently sits at $42.13 trillion. (Wealth is defined as the value of all assets of worth owned by a person or entity, while income is the money that the person or entity received in exchange for… Source link

Top trending after-hours tickers on Yahoo Finance: Affirm (AFRM): Shares dropped more than 14% after its first quarter and full-year 2023 revenue guidance missed estimates. Affirm sees first-quarter revenue of $345 to $365 million and full-year revenue of $1.63 billion to $1.73 billion. Affirm CFO Michael Linford wrote in the earnings release, “In light of the uncertain macroeconomic backdrop, we are approaching our next fiscal year prudently while maintaining our focus on driving… Source link

New Emergency Connectivity Funding Could Help Schools Support 5G School districts seeking funding for connectivity can also look to the Federal Communications Commission, the organization responsible for E-rate and the Emergency Connectivity Funds. The FCC announced last week that it’s adding $266 million to the Emergency Connectivity Program. The funds will be available to school districts and public libraries in two new rounds, and they must be used to support off-campus learning and… Source link

Struggling retailer Gap (GPS) is in crisis mode ahead of the crucial selling periods of back to school and the holidays, with the stock down nearly 6% in pre-market trading after it revealed the departure of its CEO. Gap surprised a few on the Street Monday evening after the market close by announcing CEO Sonia Syngal would be stepping down as CEO after a “brief” transition period. In her place, executive chairman Bob Martin will assume the role as interim CEO. Syngal was seen as a potential… Source link

As the supply chain crisis threatens to disrupt the holiday shopping season, more people are turning to an unlikely source — used clothing — to fill the gap. November is known traditionally as one of the best months to find deals. This year, however, many hot products are in short supply, or are more expensive than usual because of supply chain bottlenecks. And while discount sales started sooner this year, the secondhand clothing market is increasingly popular. “We’ve seen an explosion… Source link

Retail legend Mickey Drexler — known for making Gap cool in the late 80s and early 90s and then reviving J.Crew in the early 2000s as CEO —apparently didn’t pull any punches in a chat with Kanye West on whether the music icon and celebrated clothing designer should partner up with Gap.  “I probably shouldn’t say this but I told him he shouldn’t do the deal because it doesn’t make any sense in my opinion,” said Drexler, now the CEO of specialty apparel retailer Alex Mill, exclusively on Source link

The executive instrumental in making Alphabet’s Google the largest global corporate buyer of renewable energy and the first company of its size to achieve 100% renewable energy for operations is now looking to propel the nation’s fleet vehicles — from buses to long-haul trucks to delivery vans — toward becoming fully electric. Palmer is the new CEO of TeraWatt Infrastructure, a company founded in 2018 to develop, own and finance electric vehicle charging infrastructure in the… Source link

In a bid to address the skills gap, technology major Google Inc. recently announced the enrollment for its latest Google Career Certificates, in the fields of data analytics, project management and user experience (UX) design. The certifications are aimed at helping some of the country’s largest employers upskill their workforce, Sundar Pichai, chief executive officer of Google and Alphabet Inc. said in a blog post. With more businesses embracing the… Source link

The New York Times When Amazon Raises Wages, Local Companies Follow Suit Amazon has embarked on an advertising blitz this winter, urging Congress to follow the company’s lead and raise the federal minimum wage to $15 an hour. American workers “simply can’t wait” for higher pay, the company said in a recent blog post. In the areas where Amazon operates, though, low-wage workers at other businesses have seen significant wage growth since 2018, beyond what they otherwise might have… Source link