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Dive Brief: - Following a series of quarterly sales misses, Old Navy is getting a new CEO. On Nov. 2 Haio Barbeito will move into an advisory role after four years at the helm. - Replacing him is Michael Francis, who took dual roles at Gap Inc. when he arrived in March, includi

Gap on Thursday announced a new CEO for its Old Navy banner, effective Nov. 2, as the retailer tries to reinvigorate sluggish sales performance at the brand. Michael Francis, who was appointed the chief customer officer at Old Navy in May, will take over the reins from current CE

The Food and Drug Administration approved a once-daily HIV pill from Gilead that could help simplify care for some patients, the company announced Thursday. The drug, marketed as Bixlenvo, is aimed at patients whose virus is already under control but who remain on complicated tre

'Cowboy builders' targeted in new government clampdown - Published People carrying out home renovations will gain greater protections against "cowboy builders" through a new database of trusted traders and a payment system offering more safeguards, the government has said. Trader

Rape and sex offence specialists on all police forces by 2027, PM says - Published Investigators specialising in rape and sex offences will be introduced to every police force in England and Wales by the end of 2027, the government has said. Ministers are speeding up the rollout

The powerful United Arab Emirates official known as the "spy sheikh" is behind the largest stake in the holding company for the Trump family's planned crypto bank, further deepening his financial ties to President Donald Trump's business empire, The Wall Street Journal reported T

The powerful United Arab Emirates official known as the "spy sheikh" is behind the largest stake in the holding company for the Trump family's planned crypto bank, further deepening his financial ties to President Donald Trump's business empire, The Wall Street Journal reported T

Market watchers are closely listening to how elaborate Federal Reserve Chairman Kevin Warsh will be about the central bank's next decision in September and whether he'd acknowledge the U.S. Treasury's intervention in bond markets last week. Kalshi traders, though, see low odds th

(Bloomberg) -- Gold traded above $4,600 an ounce as investors turned their focus to the Federal Reserve’s interest-rate path ahead of the annual Jackson Hole gathering.Bullion swung between gains and losses on Thursday after snapping a five-day winning streak the prior day. US ec

President Donald Trump on Thursday signed an executive order that he said will "immediately" change the name of Lake Ontario to "Lake America." Trump's attempt to rename the Great Lake, which straddles the U.S. northern border with Canada, came as a recent breakdown in trade talk

Clean-up of illegal waste supersite costs taxpayers £6m - Published The clear-up of one of England's largest illegal waste tips has been completed - landing taxpayers with a £6m bill. The government has vowed to recoup the clearance costs for the Kidlington dump in Oxfordshire -

xAI has now been accused of training Grok on child sex abuse materials (CSAM), as regulators and courts continue to probe how far the problem goes, and some Grok users have been arrested. In a complaint filed on Wednesday, a plaintiff known as Jane Doe explained that she was pres

'Mortified' McInnes takes responsibility for Rangers' European exit - Published Manager Derek McInnes says he takes "full responsibility" for Rangers' "embarrassing" Conference League exit at the hands of Jablonec. Rangers, who held a 1-0 lead going into the second leg of the pla

Rivian’s chief financial officer Claire McDonough is resigning her position at the end of October, the company announced in a regulatory filing Thursday. The company said McDonough is stepping down to “pursue a new opportunity and relocate to the East Coast to be closer to her fa

After adding support for longer videos just yesterday, open social network Bluesky on Thursday introduced a new algorithmic opt-out feature that allows users to stop their posts from appearing in the app’s main Discover feed. That algorithmic feed can currently surface any post o

Artificial intelligence has rocketed to the front of next Tuesday's Massachusetts Senate Democratic primary, as Rep. Seth Moulton tries to unseat Bay State political titan Sen. Ed Markey. Moulton, a six-term House member, has capitalized on a fumbling answer from Markey during a

Artificial intelligence has rocketed to the front of next Tuesday's Massachusetts Senate Democratic primary, as Rep. Seth Moulton tries to unseat Bay State political titan Sen. Ed Markey. Moulton, a six-term House member, has capitalized on a fumbling answer from Markey during a

CrowdStrike and Okta shares surged on Thursday after earnings showed that artificial intelligence adoption is pushing customers to spend more on cybersecurity tools. Both companies beat Wall Street's estimates for the fiscal second quarter and raised their forecasts, citing the A

CrowdStrike and Okta shares surged on Thursday after earnings showed that artificial intelligence adoption is pushing customers to spend more on cybersecurity tools. Both companies beat Wall Street's estimates for the fiscal second quarter and raised their forecasts, citing the A

Republican campaign committees want the Supreme Court to mandate lower prices for election commercials on broadcast TV stations. If the court agrees, broadcasters would be forced to offer their lowest ad prices to political parties and joint fundraising committees. For a more tho

Off the Wire Press Releases Aug. 27, 2026 — Lawrence Livermore National Laboratory’s (LLNL) Kathryn Mohror has been selected as general chair of the 2027 International Conference for High Performance Computing, Networking, Storage, and Analysis, more commonly known as SC27. Mohro

Off the Wire Press Releases Aug. 27, 2026 — Since announcing Jalapeño, OpenAI’s first custom inference chip, the company has been testing the chip and the system built around it. The results show a significant performance advance: Jalapeño can serve more AI work per unit of power

In addition to paying out up to $18 billion and adding child safety measures, Meta’s settlement agreement with attorneys general from 29 states includes an interesting provision: The states have agreed not to sue Meta under existing child safety laws over its retention and use of

Shares of Salesforce jumped 22% Thursday after the company reported a beat on second-quarter earnings and announced an expanded partnership with artificial intelligence startup Anthropic. The stock notched its second-best day ever, trailing only August 2020, when shares jumped ro

Shares of Salesforce jumped 22% Thursday after the company reported a beat on second-quarter earnings and announced an expanded partnership with artificial intelligence startup Anthropic. The stock notched its second-best day ever, trailing only August 2020, when shares jumped ro

Mike Ashley attacks Burnham plans as 'populist' - Published Billionaire Sports Direct founder Mike Ashley has criticised recent cost of living and retail policies from Andy Burnham as "populist reactions". In a letter to the prime minister, the entrepreneur accused him of "jumpin

Nvidia is reportedly moving forward to acquire Hugging Face for $12.9 billion. The acquisition could help the hardware giant expand and fortify its deep integration with the wider AI industry. Among other things, Hugging Face is a cloud repository for AI models, similar in some r

YouTube announced on Thursday that eligible creators in the U.S. can now tag Amazon products in their content and receive a cut of sales. Creators can link Amazon products in their shorts, long-form videos, and livestreams. The update turns product recommendations into a more dir

The game of musical chairs for AI executives continues. Barret Zoph, a co-founder of the AI startup Thinking Machines who left the company earlier this year to rejoin OpenAI, has found yet another job. Zoph spent two years at OpenAI and left in October 2024 to co-found Thinking M

In March, Donald Trump Jr. told Republican state attorneys general not to go after prediction markets, The New York Times reported on Thursday. The president's son, who had been speaking at an event in New Orleans, said states were being misled by gambling companies that are worr

Off the Wire Press Releases Amazon’s Annapurna Labs will be the first to collaborate on NVHBM technology alongside NVLink Fusion. Aug. 27, 2026 — The next wave of AI is placing new demands on infrastructure. As AI agents and trillion-parameter workloads become mainstream, the per

Google’s AI note-taking app, Gemini Notebook, can now pull information from the books you’ve purchased. The new “Expert Intelligence” feature allows you to bring titles from Google Play Books directly into Gemini Notebook, which means you can ask questions about the material, as

(Bloomberg) -- Oil rose after a report said US President Donald Trump has told mediators he’s uninterested in returning to terms of a June ceasefire deal signed with Iran, casting doubt on a sustainable increase in energy flows through the Strait of Hormuz. West Texas Intermediat

* Shares down more than 29%, down about 55% YTD* Co lowers FY 2026 revenue outlook to $500 mln-$525 mln* Co says it is unable to renew partnership with WalmartBy Caroline ValetkevitchNEW YORK, Aug 27 (Reuters) - Shares of Build-A-Bear Workshop plunged on Thursday and were on pace