Gap Reports Likely Q1 Loss As Retail Slump Deepens
Gap Inc is expected to post a fiscal first quarter loss with reduced revenue from a year earlier. The apparel retailer suspended rent payments in North America and other regions after store closures due to the coronavirus, warning of potential cash shortfalls without funding.
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Trade gap seen narrowing in April as exports slump
Economists expect the U S trade deficit to shrink in April after March’s 11.6 percent rise to 44.4 billion dollars. Exports fell due to weak demand for cars, auto parts, and industrial equipment, while imports also declined amid coronavirus restrictions. The Commerce Department releases the latest trade gap figures today.
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Marshall Lawrence discusses protests and 2020 Senate bid
Marshall Lawrence speaks on national protests over George Floyd killing, urges lawful expression and condemns vandalism. He remains front-runner in Kansas GOP primary for Pat Roberts’s Senate seat, supports Trump, and calls for cautious Covid relief and liability protections as states reopen.
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