Business News

Shares of Gap (NYSE-GPS) are down after they announced the cutting of 500 jobs.The clothing company has been struggling with declining sales and the job cut looks to be a result.  Gap was under fire recently when Kanye (Ye) West accused the company of falling short of their agreement with Yeezy. “Ye said Gap failed to distribute Yeezy products at its stores by the second half...

Even though gas prices have fallen since the baffling peak in June, don’t get used to it. Although the rise is not predicted to be of the same magnitude seen in Europe, CEO of Chevron Mike Wirth told CNN’s Poppy Harlow that "there's certainly a risk that costs will go up" for American consumers. Mike Wirth also told CNN natural gas prices could be "significantly higher" this...

Steph Curry is reportedly set to achieve a new level of wealth. In an interview with Rolling Stone, Curry revealed he is closing in on a deal $1 billion lifetime contract with Under Armour. Currently earning around $20 million annually from his deal with Under Armour, Curry continues to make moves within the company. However, it hasn’t always been smooth sailing between Curry and Under Amour. Founder...

Starbucks (NASDAQ:SBUX) presented its first investor day since naming Laxman Narasimhan as the company’s next chief executive officer. And here are 8 things that went down during Tuesday’s meetings, as stated by Starbucks themselves.   Reinvention plan positions Starbucks for the next chapter of growth Starbucks is focused on reinventing the partner experience The Starbucks brand is building on strength Going Global: The digital Starbucks experience is...

The founder of Patagonia has given away his company for a good cause…saving the planet. Yvon Chouinard and his family transferred their ownership in the company to environmental nonprofit the Holdfast Collective and the Patagonia Purpose Trust.   Chouinard did not settle for other options which were to go public or sell the company and donate all the money, so he created his own to preserve Patagonia’s mission....

King of streaming services, Netflix (NASDAQ: NFLX), is offering a cheaper option for watching your favorite shows and movies, but there’s a catch. Netflix’s new ad-supported tier will cost between $7 to $9 a month and consist of four minutes of ads for every hour of content. Users interested in this plan can certainly save a few bucks compared to the current plans: Netflix Basic, $9.99/mo,...

Milk? Who needs it? Now you can just add water. Kellogs (NYSE-K) debuted their newest product, Insta-bowls. They claim you can have “the same great taste anywhere, anytime – no milk required!” This new cereal comes pre-portioned in a single-serve portable bowl and is “perfect for on the go.” Marketing Director Chris Stolsky gave insight into the reasoning behind this new launch. “We created Kellogg's Instabowls as an...

Kanye West Expresses Displeasure with Apparel Companies, Adidas and Gap “No more companies standing in between me and the audience.” Kanye West has stirred up drama yet again on social media, this time with corporate partners The Gap (NYSE:GPS) and Adidas (OTCQX:ADDYY).  In true Kanye fashion, the posts have already been deleted, but not before multiple news outlets regurgitated his statements. According to footwearnews.com, the rapper/fashion pioneer aired...

The drama behind Instagram Reels, the video feature closely compared to TikTok, continues. Recently, many users have voiced their concerns about the presence of Reels on Instagram. Even some of Instagram’s most followed content creators shared their disapproval. Kylie Jenner and Kim Kardashian along with others shared a graphic declaring “Make Instagram Instagram again. (Stop trying to be TikTok I just want to see cute photos...

In recent times, we were reminded of the high inflation rate every time we got in the car and drove down the road. You know, those big signs that advertise gas prices, prices that made you actually cringe. But since the average gas price has significantly lowered since July when it reached its peak, you would think the inflation rate would fall as well, right? Wrong. Yahoo...