The retailer has a new strategic plan. History says it won't matter.

Despite efforts to reinvigorate its Gap, Old Navy and Banana Republic offerings, Gap is laying off 500 corporate workers as consumers snub the once-popular brands.

Stock futures flat, central banks in focus; Fed Chair Powell on deck as September rate bets leap; ECB set for biggest-ever hike as inflation roars, euro slumps; GameStop shares surge on FTX digital asset tie-up and California heat wave scorches, but power grid holds.

"In addition to collaborating with FTX on new ecommerce and online marketing initiatives, GameStop will begin carrying FTX gift cards in select stores," the company said.

The S&P 500 has dropped 17% year to date but rallied in the two months through Aug. 16 amid interest-rate optimism.

GameStop is betting big on its digital asset strategy as traditional gaming sales slow, but its cash burn rate is raising analysts' concern.

A handful of biotech stocks were catapulted higher by short squeezes. Whether they will recover their losses is an open question.

The dollar's unstoppable surge continued Tuesday, lifting the greenback to a fresh 20-year high against a basket of its major global currency peers.

"Our focus is on supporting Gustavo Arnal's family and his team and our thoughts are with them during this sad and difficult time," independent chairwoman Harriet Edelman said.

Fully 89% of Americans say ex-offenders should be given a second chance, a survey says.

Participation in this sport grew the fastest of any in the U.S. from 2019-21, reaching the 4.8 million-player mark.

DocuSign said the job cuts will "improve operating margin and support the company’s growth, scale and profitability objectives".