(Reuters) - Shares of Gap climbed nearly 25% at $28.04 in premarket trading on Friday after the apparel retailer raised its full-year sales forecast in fresh signs that its turnaround strategy to bring in newer styles is starting to work.
The stock has risen nearly 8% this year, building on the 85% surge it saw in 2023 when it brought in former Mattel executive Richard Dickson as its new executive chief to revive its struggling business.
... (continue reading...)(Reuters) - U.S. stock index futures dipped on Friday ahead of a key inflation report that will test investor optimism about the scale and pace of interest-rate reductions by the Federal Reserve this year.
Wall Street paused this week after a recent rally, with the benchmark S&P 500 index and the tech-heavy Nasdaq on track for their first weekly losses in six. A spike in Treasury yields pressured riskier assets, following a weak debt auction and... (continue reading...)
MOSCOW (Reuters) - The Kremlin said on Friday that Moscow supported China's refusal to take part in a peace summit on Ukraine next month in Switzerland because it was futile to hold such an event without Russia's participation.
The talks were convened at the initiative of Ukrainian President Zelenskiy who has said Russian President Vladimir Putin should not attend.
Switzerland has not invited Russia, which sent tens of thousands of... (continue reading...)
By Takaya Yamaguchi
TOKYO (Reuters) - Japanese Prime Minister Fumio Kishida will announce a new economic and fiscal plan for the next six years on Tuesday aimed at boosting economic growth, two sources with direct knowledge of the matter told Reuters.
Kishida will instruct the government to discuss details of the new plan when he makes the announcement, said the sources, who declined to be named as the matter is private.
The... (continue reading...)
PARIS (Reuters) - Veterans and world leaders will meet in Normandy, northwestern France, on June 6 to mark the 80th anniversary of the 1944 D-Day landings, when more than 150,000 Allied soldiers invaded France to drive out the forces of Nazi Germany.
Eighty years later, Normandy's beaches and fields still bear the scars of the fighting that erupted on D-Day, history's largest amphibious invasion.
Here is what you need to know about... (continue reading...)
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