Gap Inc. is thriving across all income groups, with both Old Navy and Gap brands showing strength. Stock surged 9% after strong quarterly results, with revenue up 3% and adjusted earnings beating estimates. Online sales now make up 40% of total sales. Analysts praise Gap’s strategy and potential for growth. 1. A new study reveals that the average American spends over 3 hours a day on their smartphone, leading to concerns about screen time and its impact on mental health.

2. The CDC reports that the number of COVID-19 cases in the US has surpassed 33 million, with over 600,000 deaths. Vaccination rates are increasing, but experts warn of a potential surge in cases due to the Delta variant.

3. In economic news, the US unemployment rate has dropped to 5.4%, the lowest since the start of the pandemic. Job growth has also exceeded expectations, with over 900,000 new jobs added last month.

4. Tech giant Apple announces plans to release a new iPhone model with improved camera features and faster processing speeds. The company expects strong sales and high demand for the new device.

5. Climate change activists protest outside a major oil company headquarters, calling for a shift towards renewable energy sources and reduced carbon emissions. The company responds by pledging to invest in green technology and sustainable practices.

Read more at Yahoo Finance: Gap CEO says the company is ‘winning’ across all income cohorts despite macro pressure