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Dell Technologies Surges 30% After Raising Full-Year Guidance; American Eagle Outfitters and Gap Experience Significant Stock Drops

05/28/2026, 03:32 PM business review Gap American Eagle Dell Technologies SentinelOne NetApp Okta Elastic

Dell Technologies significantly raised its full-year guidance, leading to a 30% surge in its stock price, while American Eagle Outfitters and Gap faced declines due to disappointing sales and lowered forecasts, impacting investor sentiment in the retail sector.

Disney Challenges FCC’s Early Broadcast License Renewal Process, Citing Political Motivation

05/28/2026, 02:33 PM business announcement Disney

Disney has filed for early renewal of broadcast licenses for eight of its stations while protesting the Federal Communications Commission's (FCC) review process, which it claims is politically motivated and unconstitutional. This situation highlights ongoing tensions between media companies and regulatory bodies regarding diversity and inclusion efforts.

Costco Reports Record Gas Volumes Amid Rising Prices and Increased Membership

05/28/2026, 02:33 PM business growth retail Costco Wholesale

Costco Wholesale reported strong fiscal third-quarter results, driven by record gas sales as customers sought cheaper fuel amid rising prices. This performance highlights the company's ability to attract new members and increase overall sales despite macroeconomic challenges.

Gap Inc. (GPS) shares drop 13% as retailer lowers sales guidance following disappointing Old Navy performance

05/28/2026, 01:33 PM business rating_drop retail Gap

Gap's disappointing sales performance at its Old Navy brand has led the company to lower its sales guidance for the year, despite raising its earnings forecast. This mixed financial outlook has resulted in a significant drop in Gap's stock price.

American Eagle Reports Mixed Q1 Results as Aerie Sales Surge While Namesake Brand Declines

05/28/2026, 01:33 PM business review American Eagle

American Eagle's mixed financial results reveal a stark contrast between its struggling namesake brand and the booming Aerie line, leading to a significant drop in share prices after disappointing sales figures.

Nick Bilton Appointed as New Executive Producer of CBS News' '60 Minutes' to Address Ratings Challenges

05/28/2026, 12:33 PM business announcement

Nick Bilton has been appointed as the new executive producer of '60 Minutes,' marking a significant leadership change for the long-standing news program as it seeks to adapt to evolving viewer preferences and maintain its top ratings.

Wealthy Family Offices Shift Investments Away from U.S. Amid 'De-Dollarization' Trend

05/28/2026, 12:33 PM business review

Family offices are significantly altering their investment strategies, with 60% planning to diversify away from U.S. assets in favor of emerging markets, reflecting growing geopolitical concerns and a desire for jurisdictional diversification.

Americans' Savings Rate Declines to Lowest Level Since 2022 Amid Rising Inflation

05/28/2026, 10:32 AM business decline

The personal savings rate in the U.S. has dropped to 2.6%, the lowest since June 2022, indicating that rising living costs are outpacing wage growth and forcing many Americans to rely on credit to manage expenses.

Investors Focus on Membership Growth as Costco Prepares for Fiscal Q3 Earnings Report

05/28/2026, 09:33 AM business research retail Costco Wholesale

Costco's recent membership growth has slowed, raising concerns among investors as they await the company's fiscal third-quarter results. This trend could impact Costco's premium valuation and overall business model, which relies heavily on membership fees.

New York City Implements Pied-a-Terre Tax on Second Homes Valued Over $1 Million

05/28/2026, 07:33 AM business announcement

New York City's newly enacted pied-a-terre tax will significantly increase property taxes for owners of second homes valued at $1 million or more, aiming to generate $500 million in revenue to address the city's budget deficit. This tax could have substantial implications for the luxury real estate market and wealthy residents.