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S&P 500 Falls From Record High on Middle East Worries

Wall Street dipped from record highs on Monday after a South Korean ship was hit by an explosion in the Strait of Hormuz and Tehran demonstrated its grip on Middle East oil, dampening optimism about strong first-quarter earnings reports. Energy stocks rose after the reports of the latest confrontations. An...

Dairy Queen Pauses Middle East Growth Plans, Takes on AI in Drive-Thrus

Middle East tensions including war in Iran have led Berkshire Hathaway-owned Dairy Queen to put expansion plans in the region on hold, as cautious franchisees address supply-chain disruptions, the restaurant chain's chief executive said. Speaking during Berkshire's annual shareholder weekend in early May, Chief Executive Troy Bader said shipping restrictions...

Gap Co‑Founder Doris Fisher Dies at 94

Gap co-founder Doris Fisher, who helped build one of America's most recognizable clothing retailers, has died at the age of 94, CEO Richard Dickson said in a statement. Fisher and her late husband Donald Fisher opened the first Gap store in 1969 on Ocean Avenue in San Francisco, initially selling...

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