- Gap First-Quarter Profit Rises 43% Reuters
Gap Inc reported a higher first-quarter profit on Thursday, helped by a rise in same-store sales at its Old Navy and namesake chains, and growth in Asia.
- Wall Street Ends Down But Off Session Lows Reuters
Stocks slipped on Thursday but finished sharply off their session lows as a rally in HP's shares offset worries about weak Chinese manufacturing data and the prospects of the Fed reducing its monetary stimulus.
- The Housing Market Gets Bubbly Again The Exchange
“I’m definitely concerned about the potential for an emerging housing bubble,” says Stan Humphries, chief economist for research firm Zillow. “We’re seeing a distortion of the marketplace.”
Cook's appearance before Congress highlighted how much money the company is saving," says Todd Schoenberger, managing partner at LandColt Capital.