Gap announces big loss, declining sales and executive shakeup

[ad_1] Gap reported disappointing holiday-quarter results Thursday and announced a series of executive changes as the struggling retailer continues to search for a permanent CEO. Shares of the company fell…

Retailers could face cost cuts and slower sales this year

[ad_1] Shoppers walk past a Bloomingdale’s store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022. Victor J. Blue | Bloomberg | Getty Images After benefitting…

Microsoft’s Bing A.I. made several factual errors in last week’s launch demo

[ad_1] Microsoft CEO Satya Nadella Jordan Novet | CNBC During last week’s chatbot hype, with Microsoft and Google attempting to outduel each other in showcasing early versions of artificial intelligence-powered…

Inflation is cooling, but prices on many items are going to stay high for months

[ad_1] A grocery store in New York. Wang Ying | Xinhua News Agency | Getty Images Inflation may be cooling. But, for most Americans, the price of a cup of…

Stocks making the biggest moves midday: Microsoft, Moderna, Mobileye, Chegg and more

[ad_1] Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading. J.B. Hunt Transport Services —…