Author: Editor

A sign hangs in a GAP Outlet store window on May 29, 2025 in Chicago, Illinois. Scott Olson | Getty ImagesGap on Thursday announced it’s expanding into beauty starting with its Old Navy brand, a strategic shift by the apparel company.Its initial test will feature beauty and personal care products at 150 Old Navy stores, including dedicated beauty associates and some shop-in-shops. The company plans to scale the beauty business next year.It was unclear when the company eventually plans to put beauty products in Gap brand stores. The company said it plans to “launch brand-right expressions across the portfolio” next…

A Spirit Airlines jet takes off above two United Airlines airplanes at Newark Liberty Airport on March 23, 2018 in Newark, New Jersey. Gary Hershorn | Getty ImagesSpirit Airlines is ending service in a host of U.S. cities this fall as it fights for survival. Its rivals, meanwhile, are circling its customers, and one is preparing for the possibility the budget travel icon shuts down altogether.United Airlines on Thursday put on sale a slew of new flights in cities where Spirit operates, like its home base of Fort Lauderdale, Florida, and Orlando, Florida, as well as Las Vegas, Houston and…

Key PointsBillionaire family offices inked high-profile investments in an otherwise slow month for deal-making, according to Fintrx.Four billionaires’ private investment firms joined an $863 million fundraise for a nuclear fusion startup.Peter Thiel, a longtime investor in defense tech, backed a German drone maker as other high-net-worth investors flock to the sector.A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. For investment firms of the ultra wealthy, deal-making held steady in August. Family offices made 47…