Gap Stock Plunged on Wednesday: Can It Recover?

Gap Stock Plunged on Wednesday: Can It Recover?
Adam Levine-Weinberg, The Motley Fool

Gap's Old Navy and Athleta brands have high potential, but Gap stock may have been getting ahead of itself after quintupling in less than seven months.

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  • Psaki announces new White House effort to combat domestic extremism in wake of Capitol riot

    On Friday, White House press secretary Jen Psaki described a multipronged approach to combating domestic extremism.

  • Black clergy joins push to convince skeptical African Americans to get vaccinated

    Black church leaders are joining the effort to convince African Americans, long skeptical of the medical establishment, to put their trust in vaccines to help bring the pandemic to an end. 

  • Navalny's wife detained amid mass arrests as protests sweep across Russia

    Russian police detained Yulia Navalnaya, the wife of jailed Kremlin critic Alexei Navalny, at a protest in Moscow on Saturday as demonstrations in support of the opposition leader swept across Russia. Authorities detained at least 1,600 people at unauthorised rallies in Moscow and dozens of cities across the country, with some reports of violent clashes between protesters and riot police. At least 10,000 people joined protests in Moscow, according to estimates, in a test to Vladimir Putin. Protests began in Russia’s Far East and Siberia on Saturday morning. Seven time zones east of Moscow, about 3,000 people marched across the city of Vladivostok on the Pacific Ocean, chanting “Navalny!” In Novosibirsk, chants “Putin is a thief” rang out in freezing minus 19 C temperatures as opposition supporters walked across the city to the main square.

  • Secretary of Defense Lloyd Austin will re-evaluate military sexual assault prevention programs

    As his first directive in office, Defense Secretary Lloyd Austin issued a memo asking his senior military leaders to send him reports on sexual assault prevention programs and assess which have worked and which haven’t.Why it matters: Military leaders have grappled with a steady increase in sexual misconduct reports since 2006. The consistent trend has concerned senators, who repeatedly asked Austin how he plans to tackle this problem during his confirmation hearings, per AP.Get smarter, faster with the news CEOs, entrepreneurs and top politicians read. Sign up for Axios Newsletters here. * Austin agreed this was an urgent matter, telling senators, “This starts with me and you can count on me getting after this on Day One.” * Lawmakers have repeatedly called for action, including changes in the Code of Military Justice.By the numbers: According to department reports, there was a 13% spike in reports in 2018 and a 3% increase in 2019. * Nate Galbreath, the acting director of the Pentagon’s Sexual Assault Prevention and Response Office, said the increase in reports suggests that more people were willing to come forward, therefore gaining confidence in the justice system. * Last April he also stated that he was cautiously optimistic that the lower increase in 2019 reports suggested a trend in declining assaults.Where it stands: Last year officials announced a new system in which any victim who refuses to file a public criminal report can provide details about their alleged attacker so investigators can evaluate if they have been involved in other crimes.What’s next: Austin plans to host a meeting on the matter with senior leaders in the coming days. * Each leader is to submit a summary of the sexual assault and harassment measures they have taken in the last year and evaluate which ones show promise and which don’t. * Austin also asked for relevant data for the past decade, including efforts to support victims. * He also stated in his memo, “Include in your report the consideration of novel approaches to any of these areas,” adding, “we must not be afraid to get creative.”Support safe, smart, sane journalism. Sign up for Axios Newsletters here.

  • Prominent Senate Republican warns Trump trial could spark more impeachments

    A prominent U.S. Senate Republican warned on Saturday that former President Donald Trump's second impeachment trial could lead to the prosecution of former Democratic presidents if Republicans retake the chamber in two years. Trump this month became the first U.S. president to be impeached twice after the Democratic-controlled House, with the support of 10 Republicans, voted to charge him with incitement of insurrection for a fiery Jan. 6 speech to his followers before they launched a deadly assault on the Capitol.

  • Democrats start reining in expectations for immigration bill

    It's taken only days for Democrats gauging how far President Joe Biden's bold immigration proposal can go in Congress to acknowledge that if anything emerges, it will likely be significantly more modest. As they brace to tackle a politically flammable issue that's resisted major congressional action since the 1980s, Democrats are using words like “aspirational” to describe Biden's plan and “herculean” to express the effort they'll need to prevail. A cautious note came from the White House on Friday when press secretary Jen Psaki said the new administration views Biden's plan as a “first step” it hopes will be “the basis" of discussions in Congress.

  • SNP reveals 'roadmap to referendum' as poll shows support for independence

    The SNP has revealed a "roadmap to a referendum" on Scottish independence, with the latest poll showing a majority want a fresh vote. Mike Russell, the Scottish Government's Constitution Secretary, will present the 11-point document to the party's policy forum on Sunday. It says a "legal referendum" will be held after the pandemic if there is a pro-independence majority following May's election. The roadmap states any attempt by the UK Government to challenge the legality of the referendum in the courts will be "vigorously opposed". A Section 30 order - part of the Scotland Act 1998 which allows Holyrood to pass laws normally reserved to Westminster - was granted by the UK Government ahead of the 2014 independence referendum.

  • Kremlin says Putin ready for dialogue if U.S. willing

    Russia is ready to set up a dialogue with the new Biden administration in which differences are expected to be aired, a Kremlin spokesman said on Sunday, adding that President Vladimir Putin would respond in kind to U.S. willingness to talk. Relations between Moscow and Washington have been at their lowest since the end of the Cold War, with the two sides at odds over Russia's role in Ukraine and allegations of its meddling in U.S. elections, which it denies, among other issues. The United States on Saturday also called on Russian authorities to release protesters and journalists detained at demonstrations supporting detained Kremlin critic Alexei Navalny, and condemned what it called "harsh tactics" used against them.

  • FBI: Texan charged in Capitol riot tweeted 'Assassinate AOC'

    A 34-year-old Texas man has been arrested for allegedly taking part in the storming of the U.S. Capitol this month and posting violent threats, including a call to assassinate Democratic Rep. Alexandria Ocasio-Cortez of New York. Garret Miller, who is from the Dallas suburb of Richardson, was arrested Friday after being named in a five-count federal complaint. Authorities allege that Miller posted photos and videos on his social media accounts that show him inside the Capitol during the Jan. 6 storming of the building by supporters of then-President Donald Trump.

  • The Bidens were reportedly left waiting outside the White House on Inauguration Day because Trump sent the staff home

    The Trumps sent the butlers home "so there would be no-one to help the Bidens when they arrived," a source told The National Journal.

  • Israel expands vaccination drive to include 16 to 18-year-olds in bid to save exams

    Israel has started vaccinating teenagers as it expanded its world-leading Covid-19 vaccination campaign to 16-18 year-olds in an effort to get them back in schools to take their winter exams on schedule. At least one dose has been administered to over 25 per cent of Israel’s 9.25 million population, with just over 10.5 per cent having received a second dose. Working its way down its priority list, the vaccine in Israel is now available to anyone over 40 or, with parental permission, those aged between 16 and 18. The winter matriculation certificate is a large part of university and military admissions. Israel struck a deal with Pfizer at the beginning of January that allowed them to expedite delivery of the vaccine so that all over 16s would be inoculated by the end of March, in return for extensive data on their vaccination campaign to share with the world. Israeli health minister, Yuli Edelstein, told The Andrew Marr Show on Sunday that the data from their vaccination programme suggests a first dose gave just 30 per cent protection from coronavirus. “We are just at the beginning of the (vaccination) campaign, we do see cases of people that after getting the first dose still get sick with the coronavirus,” he said.

  • Sen. Mitt Romney: Need to have trial for Capitol riots, important steps toward unity

    Sen. Mitt Romney, R-Utah, provides insight into Trump’s impeachment trial on ‘Fox News Sunday.’

  • Pirates kidnap 15 sailors in attack on Turkish container ship off Nigeria

    Pirates off Nigeria's coast kidnapped 15 sailors from a Turkish container ship in the Gulf of Guinea on Saturday in a brazen and violent attack that was farther from shore than usual. One sailor was killed in the raid, an Azerbaijani citizen, while those kidnapped are from Turkey, according to the respective governments and a crew list obtained by Reuters. Accounts from crew, family members and security sources described a sophisticated and well-orchestrated attack on Saturday in which armed pirates boarded the ship and breached its protective citadel, possibly with explosives.

  • Supporters' words may haunt Trump at impeachment trial

    The words of Donald Trump supporters who are accused of participating in the deadly U.S. Capitol riot may end up being used against him in his Senate impeachment trial as he faces the charge of inciting a violent insurrection. At least five supporters facing federal charges have suggested they were taking orders from the then-president when they marched on Capitol Hill on Jan. 6 to challenge the certification of Joe Biden's election win. Jacob Chansley, the Arizona man photographed on the dais in the Senate who was shirtless and wore face paint and a furry hat with horns, has similarly pointed a finger at Trump.

  • Boris Johnson first European leader to get call from President Biden

    Boris Johnson told Joe Biden his arrival in the White House was a "moment of hope in a dark time" as he became the first leader outside North America to speak to the US President. The Prime Minister is believed to be the third world leader to speak to Mr Biden after his scheduled call was brought forward by two days in what will be seen as a major boost for the special relationship between the UK and US. Mr Johnson spoke to Mr Biden in a 35 minute phone call from his office at 10 Downing Street. The pair discussed "a very wide range of subjects", sources said, describing the conversation as "very warm, friendly and wide ranging with agreement on key issues". One source said Mr Johnson welcomed the “fantastic initial announcements from the Biden administration and ‘moment of hope’ in a dark time”. Announcing the phone call on Twitter, Mr Johnson said it was "great to speak to President Joe Biden".

  • Guyana says Venezuela detained two fishing vessels in its waters

    Guyana said late on Saturday that a Venezuelan navy vessel detained two vessels that were fishing in Guyana's exclusive economic zone, the latest dispute in a long-running border conflict between the two South American nations. Caracas says much of eastern Guyana is its own territory, a claim that is rejected by Georgetown. The conflict has flared up in recent years as Guyana has started developing oil reserves near the disputed area.

  • Democrats make federal election standards a top priority

    Democrats plan to move quickly on one of the first bills of the new Congress, citing the need for federal election standards and other reforms to shore up the foundations of American democracy after a tumultuous post-election period and deadly riot at the Capitol. Absentee voting allowed for all or just voters with an excuse? Democrats, asserting constitutional authority to set the time, place and manner of federal elections, want national rules they say would make voting more uniform, accessible and fair across the nation.

  • Ted Cruz's 'Pittsburgh over Paris' campaign shows us just how dumb the Biden years are going to be

    Barely any time has passed since President Biden's inauguration, and Republicans have already returned to their bag of shenanigans.

  • U.S. reaffirms commitment to Japan to defending islands disputed with China

    New U.S. Defense Secretary Lloyd Austin, during his first phone call with his Japanese counterpart, reaffirmed America's commitment to Tokyo to defending a group of East China Sea islets claimed by both Japan and China, the Pentagon said. Austin, in talks with Japanese Defense Minister Nobuo Kishi, confirmed that Article 5 of the U.S.-Japan security treaty, which stipulates U.S. defence obligations to Japan, covers the uninhabited islands, the Pentagon said in a statement.

  • New Georgia senators carry John Lewis' influence with them

    Six months after his death, the late civil rights leader and longtime Georgia congressman John Lewis will retain a palpable influence in Congress: The state’s two new Democratic U.S. senators — both personal friends and admirers — promise to carry on his legacy. Sen. Raphael Warnock was Lewis’ pastor and stood at his bedside before Lewis died.