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Stocks stumble 2.8% as worries about interest rates worsen
Read full article: Stocks stumble 2.8% as worries about interest rates worsenStocks slumped on Wall Street Friday, leaving the S&P 500 with its biggest one-day loss in almost seven weeks, as worries deepen about a surge in interest rates and the U.S. central bank's efforts to fight inflation.
Consumer spending dipped 1% as winter storms raked the US
Read full article: Consumer spending dipped 1% as winter storms raked the US(AP Photo/Steven Senne)WASHINGTON – Consumers spending slumped 1% as severe winter storms raked portions of the U.S. and personal incomes fell sharply as well in February. The drop in spending came after a big 3.4% gain in January, the Commerce Department reported Friday. Consumer spending is closely watched because it accounts for two-thirds of economic activity. Since so much of the weakness was weather-related, economists believe economic activity will remain solid overall in the January-March quarter. AdThe expectation is that the economy will receive a boost from the $1.9 trillion spending bill signed into law by President Joe Biden on March 11.
Gap Sale: Take Up to 75% Off Everything
Read full article: Gap Sale: Take Up to 75% Off EverythingThe Gap sale continues! Take up to 75% off your purchase (prices as marked) and an extra 10% off sale styles with code TREAT. Get the sale discounts on Gap favorites including denim, t-shirts, dresses, leggings, accessories and more. Ahead, ET Style's cute and cozy picks from the Gap sale. RELATED CONTENT:Revolve Sale: Take Up to 30% Off DressesKate Spade Mother's Day Sale: Take 50% Off Select Items and 30% Off Full-Priced PurchasesShoebacca Sale: Shop New Sale Shoe Styles From Puma, Keds and More
Athleta Sale: Buy More, Save More
Read full article: Athleta Sale: Buy More, Save MoreAthleta, sister brand of the Gap, Old Navy and Banana Republic, is having a buy more, save more sale. Get $25 off when you spend $150 and $50 off when you spend $250. You'll also find great Athleta deals on hoodies, jackets, sweaters, swimwear, joggers and more in the sale section of the website. The brand has stylish activewear and performance apparel for women, including tops, yoga pants, Athleta leggings, sports bras, sweatshirts and more. Keep up with your active lifestyle when you can in new workout clothes by shopping ET Style's favorite picks from Athleta apparel, ahead.
Gap to partner with Kanye West
Read full article: Gap to partner with Kanye WestSAN FRANCISCO Gap and Kanye West announced a partnership Friday which is set to bring Wests creative spirit to the brand he once worked with prior to stardom. West raps about his experience in retail on his song Spaceship, where he talks about his life as teen in Chicago where he worked at a Gap retail store. Additionally, Wests design vision will extend to unique YEEZY Gap expressions in Gap stores and digital channels over time, Gap said in a statement. Under terms of the partnership, Gap and YEEZY benefit as the business grows, with YEEZY receiving royalties and potential equity related to sales achievement, Gap said in a statement. The YEEZY Gap line is expected to appear in Gap stores and Gap.com in 2021.