Month: August 2026
Gap Stock Jumps as Michael Francis Takes Over Old Navy
Gap names retail veteran Michael Francis CEO of Old Navy as the company raises its 2026 profit forecast and Gap shares surge after earnings.
Google plans to buy $10 million of Spirit Airlines business data for AI training
Google plans to acquire $10 million worth of de-identified Spirit Airlines business data for AI training and product development.
AI Promises Less Work, but Tech Employees Report 70- to 90-Hour Weeks
AI companies say automation could shorten the workweek, yet employees at major tech firms report 70- to 90-hour weeks, intense sprints, weekend work, and rising pressure.
Polymarket Seeks $20 Billion Valuation in New $1 Billion Funding Round
Polymarket is reportedly seeking a valuation above $20 billion in a new funding round as prediction markets attract major investors and annualized revenue surpasses $1 billion.
World Bank Raises India Growth Forecast to 6.6%
The World Bank has raised India’s growth forecast to 6.6% for the current financial year, supported by strong domestic demand, resilient exports, tax changes, and new trade agreements.