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Gap Shares Plummet After Retailer Lowers Sales Outlook
Gap Inc. shares plunged after it lowered its outlook for net sales growth for the year. The retailer now sees net sales up as much as 2%, after previously forecasting as much as 3% growth. Overall comparable sales, as well as comparable sales for the Old Navy, Banana...
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Mohamed El-Erian warns of financial-crisis red flags after a major private-credit fund freezes withdrawals
Mohamed El-Erian said a recent development in private credit has hints of 2007. He pointed to Blue Owl freezing withdrawals on a private debt fund offered to retail investors. The private credit investing boom may have gone "too far overall," he said. Mohamed...
BofA commits $25 billion to private credit deals, memo shows
Bank of America is committing $25 billion to private credit deals, according to an internal memo seen by Reuters on Thursday, as the Wall Street giant prepares a war chest to further its advance in the lucrative slice of finance. Traditional banks such as BofA have...
Foreigners Rebuff ‘Sell America’ and Buy a Net $1.6 Trillion in Assets
Foreign purchases of US financial assets accelerated in 2025, led by demand for stocks and US Treasuries, data on Wednesday showed — marking a sharp rebuttal of the “Sell America” narrative that’s become a regular feature of discussion among market participants....
ZaiNar, the Foundation Layer of Physical AI, valued at $1B+ with $100M investment
ZaiNar Emerges From Stealth With Breakthrough That Turns Existing Wireless Networks Into a Sensing Platform for Physical AI BELMONT, Calif., Feb. 19, 2026 /PRNewswire/ -- ZaiNar today emerged from nine years of stealth with a breakthrough platform for Physical AI,...
New York’s Robotaxi Plan Pulled in Blow to Waymo Expansion
New York Governor Kathy Hochul has pulled a proposal that would have allowed for commercial robotaxi services outside New York City, a blow to Alphabet Inc.’s Waymo as it seeks to aggressively expand its driverless fleet this year. The proposal, which Hochul...
US Notches One of Its Biggest Annual Trade Gaps Since 1960
The US trade deficit widened in December, capping a turbulent year of erratic tariff policy. The goods and services trade gap expanded from the prior month to $70.3 billion, Commerce Department data showed Thursday. The shortfall culminated in a full-year deficit of...
AI Pioneer Fei-Fei Li’s Startup World Labs Raises $1 Billion
World Labs, a startup from artificial intelligence pioneer Fei-Fei Li, raised $1 billion in a new round of funding to pursue a novel approach to AI development. Autodesk Inc. invested $200 million in World Labs as part of the round. Other backers include Andreessen...
Tesla Avoids California Sales Halt Over Autopilot Marketing
The California Department of Motor Vehicles said Tesla Inc. has come into compliance over marketing practices for its vehicles’ automated-driving capabilities and won’t face a 30-day suspension of sales in the state. The agency said in a statement Tuesday that Tesla...
‘The dark side of AI’: Wall Street weighs recent stock sell-off over disruption fears
The stock market just got a look at how disruptive investor concerns over AI could become across multiple industries. What began as a shake-up in software stocks spread to the wealth management, transportation, and logistics industries last week, raising questions...
Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis
A growing procession of tech industry leaders including Elon Musk and Tim Cook are warning about a global crisis in the making: A shortage of memory chips is beginning to hammer profits, derail corporate plans and inflate price tags on everything from laptops and...
