Kanye West Ye Yeezy terminates deal with Gap over alleged contract violations

Kanye West, who goes by Ye, said Thursday he’s terminated the contract between his company Yeezy and Gap Inc. The move comes after Gap allegedly failed to meet its obligations in the companies’ agreement, including distributing Yeezy products in its stores by the second half of 2021 and creating dedicated Yeezy Gap stores, according to … Read more

Where Walmart, Amazon, Target are spending trillions in a slowing economy

A Walmart employee loads up a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro-fulfillment center in Salem, Mass. on Jan. 8, 2020. Boston Globe | Boston Globe | Getty Images When the economy slows down, the classic response for consumer businesses is to cut … Read more

Where Walmart, Amazon, Target are spending trillions in a slowing economy

A Walmart employee loads up a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro-fulfillment center in Salem, Mass. on Jan. 8, 2020. Boston Globe | Boston Globe | Getty Images When the economy slows down, the classic response for consumer businesses is to cut … Read more

Lowe’s chief marketing officer Marisa Thalberg leaves company in shakeup

Marisa Thalberg, executive vice president and chief brand and marketing officer. Source: Marisa Thalberg Lowe’s chief marketing officer Marisa Thalberg has left the retailer as part of a broader reorganization, the company said Tuesday. The home improvement retailer has cut her role and moved its marketing team under Bill Boltz, executive vice president of merchandising. … Read more

Dow drops almost 800 points, Nasdaq down more than 3% after Powell warns of pain to households in inflation battle

US stocks tumbled Friday afternoon after Federal Reserve Jerome Powell said the central bank will continue its battle against inflation “until the job is done” of getting the cost of living back to its 2% target. How are stocks traded? The Dow Jones Industrial Average DJIA, -2.49% dropped 798 points, or 2.4%, to almost 32,494. … Read more

Electronic Arts, Gap, Ulta Beauty and more

Check out the companies making headlines before the bell: Electronic Arts (EA) – The video game company’s stock jumped 6.2% in the premarket on a Swedish media report that Amazon.com (AMZN) will announce an offer today to buy EA. Gap (GPS) – Gap rallied 6% in premarket trading after the clothing retailer reported an unexpected … Read more

Gap (GPS) reports fiscal Q2 2022 results

An employee hands a customer a shopping bag at an Old Navy store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. on Thursday withdrew its financial outlook for the year after it swung to a net loss in the fiscal second quarter and its Old Navy chain continued to struggle … Read more

The Federal Reserve’s Jackson Hole meeting could shake up markets in the week ahead

Markets could be volatile, as investors await what could be a very hawkish message from Federal Reserve officials at their annual Jackson Hole economic symposium at the end of the week. Fed Chairman Jerome Powell speaks Friday at 10 am ET, a highlight of the three-day Wyoming conference that begins Thursday. Fed watchers expect tough … Read more

The Federal Reserve’s Jackson Hole meeting could shake up markets in the week ahead

Markets could be volatile, as investors await what could be a very hawkish message from Federal Reserve officials at their annual Jackson Hole economic symposium at the end of the week. Fed Chairman Jerome Powell speaks Friday at 10 am ET, a highlight of the three-day Wyoming conference that begins Thursday. Fed watchers expect tough … Read more

Retailers still opening stores despite recession fears

The biggest shopping mall owners in the United States say retailers are still forging ahead with plans to open new stores in spite of growing recession fears and decades-high inflation that’s squeezing shoppers’ budgets. Simon Property Group, the country’s largest mall owner, said the pipeline of businesses slated to open up at its properties remains … Read more