Gap is set to lay off over 500 employees in a bid to reduce costs and streamline its operations, according to sources who spoke to CNBC. The exact number of job cuts is not yet known, but it is believed to be larger than the 500 corporate positions that the company announced last September. The
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Alzheimer’s disease is a growing concern in the United States, with approximately 5.8 million people living with the disease as of 2020, and projections indicating that number will triple to 14 million by 2060. While there is no cure for Alzheimer’s, technology offers hope for improving diagnosis and treatment. Wearable devices like watches and bracelets
The banking crisis that started two months ago is showing signs of being a slow bleed that could act as a catalyst for a recession later this year. Banks are reporting the impact of a run on deposits on their operations, and the picture is mixed. Larger institutions like JPMorgan Chase and Bank of America
The Writers Guild of America (WGA) may go on strike if they don’t receive fair pay and protections for their work, according to Raphael Bob-Waksberg, a WGA West board member and creator of the show BoJack Horseman. The WGA is in the final week of negotiations with the Alliance of Motion Picture and Television Producers
Harry Belafonte, the iconic singer who became synonymous with calypso music and civil rights activism, passed away on Tuesday at the age of 96. Belafonte was born Harold George Bellanfanti Jr. in Harlem, New York in 1927. He spent his formative years in Jamaica with his mother before returning to the United States to complete
McDonald’s recently reported its Q1 earnings, which exceeded Wall Street expectations as the fast-food giant’s customers continued to purchase popular items like Big Macs and Shamrock Shakes. However, the company’s executives did express concerns over a possible recession looming in the United States and Europe, reiterating similar warnings from the previous quarter. McDonald’s customers in
After much anticipation, Apple has finally launched two retail stores in India this month. The stores are located in Mumbai and Delhi, and customers have been welcomed by staff members donning green t-shirts. The staff members are described as highly educated and tech-savvy, with Apple reportedly paying them up to four times more than their
General Motors (GM) CEO Mary Barra announced that the company will be halting production of its popular electric Chevrolet Bolt models by the end of this year. The Bolt EV and EUV models currently account for the majority of GM’s electric vehicle sales. However, the battery cells used in the cars are of an older
WhatsApp has just announced a new feature that allows users to sign in to their accounts from multiple devices at the same time, a feature that has been requested by users for several years. The new feature will be rolled out to users worldwide over the coming weeks. Multiple Device Sign-in WhatsApp has introduced a
Tottenham Hotspur’s first-team squad has apologized and decided to refund supporters who travelled to watch their humiliating 6-1 defeat at Newcastle United on Sunday. Following a dreadful display at St James’ Park, Spurs interim coach Cristian Stellini was sacked after his team went down 5-0 in just 21 minutes before Harry Kane struck a second-half