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-- Consumer stocks were mixed Friday afternoon with the Consumer Staples Select Sector SPDR Fund declining 0.2% and the Consumer Discretionary Select Sector SPDR Fund rising 0.9%. In corporate...
-- Gap may have posted an encouraging fiscal third-quarter earnings beat, but its exposure to credit income and deteriorating sales at Athleta represent ongoing challenges for the clothing and...
ChancellorJeremy Hunt is expected to use his speech to Tory party conference to confirm an increase in the national living wage to at least £11 an hour from next April. The Conservatives said the move will benefit two million of the lowest paid, with Mr Hunt also expected to announce ministers will look again at the benefit sanctions regime in a bid to get the unemployed back into work. It comes as Rishi Sunak resisted calls from fellow Tories to commit to tax cuts in a pre-election giveaway and vowed to prioritise reducing inflation rather than taxes.
The Gap, Inc. (NYSE:GPS – Get Rating) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 40,530,000 shares, an increase of 28.9% from the May 15th total of 31,450,000 shares. Based on an average daily trading volume, of 10,240,000 shares, […]
The Gap, Inc. (NYSE:GPS – Get Rating) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 40,530,000 shares, an increase of 28.9% from the May 15th total of 31,450,000 shares. Based on an average daily trading volume, of 10,240,000 shares, the days-to-cover ratio […]