gain

This federal shutdown is different: Trump is using it to gain power

The government shutdown, already the second-longest in history, with no end in sight, is quickly becoming an additional way for President Trump to exercise new command over the government.

It wasn’t always this way. In fact, it all started with an attempt to tighten Washington’s observance of federal law.

The modern phenomena of the U.S. government closing down services began in 1980 with a series of legal opinions from Atty. Gen. Benjamin Civiletti, who was serving under Democratic President Carter. Civiletti reached into the Antideficiency Act of 1870 to argue that the law was “plain and unambiguous” in restricting the government from spending money once authority from Congress expires.

In this shutdown, however, Trump has used the funding lapse to punish Democrats, as he tried to lay off thousands of federal workers and seized on the vacuum left by Congress to reconfigure the federal budget for his priorities.

“I can’t believe the Radical Left Democrats gave me this unprecedented opportunity,” the Republican president posted on his social media platform at the outset of the shutdown.

Democrats have only dug into their positions.

It’s all making this fight that much harder to resolve and potentially redefining how Washington will approach funding lapses to come.

Why does the U.S. government even have shutdowns?

In the post-Watergate years, Civiletti’s tenure at the Department of Justice was defined by an effort to restore public trust in Washington, sometimes with strict interpretations of federal law.

When a conflict between Congress and the Federal Trade Commission led to a delay in funding legislation for the agency, Civiletti issued his opinion, later following it up with another that allowed the government to perform essential services.

He did not know that it would set the groundwork for some of the most defining political battles to come.

“I couldn’t have ever imagined these shutdowns would last this long of a time and would be used as a political gambit,” Civiletti, who died in 2022, told the Washington Post six years ago.

How shutdowns evolved

For the next 15 years, there were no lengthy government shutdowns. In 1994, Republicans retook Congress under House Speaker Newt Gingrich of Georgia and pledged to overhaul Washington. Their most dramatic standoffs with Democratic President Clinton were over government shutdowns.

Historians mostly agree the shutdowns did not work, and Clinton was able to win reelection in part by showing he stood up to Gingrich.

“The Republicans in the Gingrich era, they do get some kind of limited policy victories, but for them overall it’s really kind of a failure,” said Mike Davis, adjunct professor of history at Lees-McRae College.

There was one more significant shutdown, in 2013, when tea party Republicans sparred with Democratic President Obama. But it was not until Trump’s first term that Democrats adopted the tactic of extended government shutdowns.

How is this shutdown different?

During previous funding lapses, presidential administrations applied the rules governing shutdowns equally to affected agencies.

“A shutdown was supposed to close the same things under Reagan as under Clinton,” said Charles Tiefer, a former acting general counsel for the House and a professor emeritus at the University of Baltimore School of Law. He said that in this shutdown, the Trump administration has used “a kind of freewheeling presidential appropriation power, which is contrary to the whole system, the original Constitution, and the Antideficiency Act.”

The administration has introduced a distinctly political edge to the funding fight, with agencies updating their websites to include statements blaming Democrats for the shutdown. The Department of Defense has tapped research and development funds to pay active-duty service members. (And a private donor has helped out.) Trump has tried to initiate layoffs for more than 4,000 federal employees who are mostly working in areas perceived to be Democratic priorities.

During a luncheon at the White House with GOP senators last week, Trump introduced his budget director Russ Vought as “Darth Vader” and bragged how he is “cutting Democrat priorities and they’re never going to get them back.”

Democrats have only been emboldened by the strategy, voting repeatedly against a Republican-backed bill to reopen the government. They argue that voters will ultimately hold Republicans accountable for the pain of the shutdown because the GOP holds power in Washington.

Democrats are confident they have chosen a winning policy demand — opposing big rate hikes in healthcare plans offered under Affordable Care Act marketplaces — but there is an undercurrent that they are also fighting to halt Trump’s expansion of presidential power.

Sen. Tim Kaine (D-Va.) acknowledged that his state has more to lose than perhaps any other due to the large number of federal employees and activity based there. But he argued that his constituents are fed up with a “nonstop punishment parade” from Trump that has included layoffs, cancellation of money for economic development projects, pressure campaigns against universities and the dismissal of the U.S. attorney for Virginia.

“It kind of stiffens folks’ spines,” Kaine said.

Democratic resolve will be tested in the coming week. Federal employees, including lawmakers’ own staffs, have now gone almost an entire month without full paychecks. Supplemental Nutrition Assistance Program, or SNAP, which helps about 1 in 8 Americans buy groceries, faces a potential funding cliff on Nov. 1. Air travel delays threaten to only grow worse amid air traffic controller shortages.

Sen. Angus King (I-Maine) said he hopes his colleagues start negotiating quickly to end the impasse.

He said he’s been one of the few members of the Democratic caucus to vote for ending the shutdown because “it empowers the president beyond what he would be able to do otherwise, and it damages the country.”

Groves writes for the Associated Press.

Source link

Why HBT Financial Stock Cruised to a 4% Gain on Monday

It did particularly well in one important area of its operations.

Bank holding company HBT Financial (HBT 4.15%) published its latest set of quarterly figures Monday morning, and investors were clearly impressed by the results. They pushed up the company’s stock price by a bit over 4% in the trading session, a rate that was several times the 1.1% gain of the benchmark S&P 500 index.

Growth where it counts

For HBT’s third quarter, the company earned $59.8 million in total revenue, which was up from the $56.4 million in the same period of 2024. Non-GAAP (adjusted) net income also saw a rise, advancing by 6% year over year to just under $20.5 million, or $0.65 per share.

Person stuffing money into a piggy bank and smiling.

Image source: Getty Images.

On average, analysts tracking HBT’s stock were modeling $0.62 per share for profitability. It wasn’t clear what they were estimating for revenue.

In the earnings release, HBT pointed to its asset quality as being a key factor in its growth during the period. The company’s ratio of non-performing assets to total assets was less than 0.2% for the period.

A boost in borrowing

The growth of loans also helped drive those fundamentals higher. On an annualized basis HBT’s loans rose by more than 6%, which the company attributed to what it describes as “higher loan pipelines.”

HBT showed discipline during the quarter, and that loan growth figure indicates it knows how to advance that crucial part of its business. The bullish investor response to its performance seems justified.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Source link

Why Rumble Stock Powered to a Nearly 16% Gain Today

The company is notably deepening its commitment to harnessing AI technology.

Niche video streaming service and cloud computing company Rumble (RUM 15.83%) rumbled the stock market Friday but in the best way possible for investors. Its stock surged almost 16% higher on news of a business tie-up in the revolutionary artificial intelligence (AI) space. That pop felt especially impressive when matched against the flat performance of the ultimately sleepy S&P 500 index.

Deepening integration with AI

Shortly after market close on Thursday, Rumble announced that it was partnering with privately held Perplexity AI, a developer that has concocted an “answer engine” harnessing AI technology.

Happy person using headphones and a phone while lying on a couch.

Image source: Getty Images.

The collaboration between the two will see them combine on several initiatives for Rumble, including souped-up search functions on its web portal and a new subscription for users that bundles the AI company’s Perplexity Pro service.

In the press release trumpeting this arrangement, Rumble wrote that it “addresses a fundamental product challenge in digital video: helping users discover relevant content in an increasingly crowded media landscape.”

It explained that “by integrating Perplexity’s AI search technology into Rumble.com, the partnership aims to improve content discoverability for both creators seeking to reach their audiences and viewers looking for specific topics or discussions.”

Gradual uptake

Rumble did not provide any financial details of its partnership with Perplexity AI. It did say the integration of the latter company’s tech will occur in stages.

Although it’s tough to determine what effect the collaboration will have on Rumble’s fundamentals, it feels like a sensible, potentially quite beneficial move to hone the company’s competitive edge. Any enhancement to the user experience can make Rumble that much more “sticky” with the public.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Source link

Why AbbVie Stock Cruised to an Almost 6% Gain Today

A new expansion project and a win for a peer pharmaceutical company were attracting investors to the shares.

The announcement of a new buildout, as well as developments on the political front, were the factors driving up AbbVie (ABBV 5.72%) stock on Wednesday. The pharmaceutical company’s shares rose by nearly 6% in value as a result, during a session when the S&P 500 (^GSPC 0.34%) crept up a comparatively modest 0.3%.

Getting out the shovels

On Tuesday afternoon, AbbVie reported that it had begun construction on a $70 million expansion of its AbbVie Bioresearch Center (ABC) in the Massachusetts city of Worcester. The project is aimed at bolstering both research and development (R&D) of investigational medicines and manufacturing, specifically of biologics.

Healthcare professional inspecting charts.

Image source: Getty Images.

The buildout will see an expansion of existing manufacturing spaces, in addition to the construction of a three-story building to house warehouse, office, and laboratory facilities.

Dovetailing with the Trump administration’s goal of locating more corporate assets such as factories in this country, AbbVie said that this is part of a $10 billion-plus aim to support the advancement of biologics.

The company quoted COO Azita Saleki-Gerhardt as saying that the project will also “build upon its impressive track record of developing, manufacturing, and launching next-generation complex biologic medicines.”

A deal with Trump

AbbVie also benefited from the latest moves of a major peer in the pharmaceutical realm. On Tuesday, Pfizer CEO Albert Bourla formally agreed to lower the prices of a clutch of its drugs, apparently for the Medicaid program. His company will also get a break from the pharmaceutical industry tariffs planned by the Trump administration, as Pfizer has pledged to invest more in the U.S.

If Pfizer can do it, so can AbbVie. It seems the two major threats hanging over the pharmaceutical industry — pricing and tariffs — might not be as scary as they first appeared.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AbbVie and Pfizer. The Motley Fool has a disclosure policy.

Source link

Imelda to gain hurricane strength south of Florida by Tuesday

Tropical Storm Imelda gained a bit of strength early Monday and was expected to be a hurricane on Tuesday. Photo courtesy of NOAA

Sept. 29 (UPI) — Tropical Storm Imelda, which formed in the Atlantic on Sunday, strengthened slightly overnight, according to forecasters, who said recent modeling showed the risk of dangerous wind impacts along the southeastern U.S. coast was diminishing.

Imelda, the ninth named storm of the 2025 Atlantic hurricane season, had maximum sustained winds of 45 mph, up 5 mph from late Sunday, the National Hurricane Center said in its 2 a.m. EDT update.

It was located about 130 miles northwest of the Central Bahamas and about 315 miles southeast of Cape Canaveral, Fla., according to the forecasters, who said it was moving north at 8 mph.

“Strengthening is expected during the next few days, and Imelda is forecast to become a hurricane by Tuesday,” the NHC update said.

“On the forecast track, the center of the system is expected to move across the northwestern Bahamas today and then turn east-northeastward, moving away from the southeastern U.S. by the middle part of this week.”

A tropical storm warning is in effect for the Central Bahamas and San Salvador, as well as portions of the northwestern Bahamas.

Eastern Cuba is expected to see 2 to 4 inches of rain, while the northwest Bahamas could receive between 4 and 8 inches through Tuesday, the forecasters said.

“This rainfall will likely produce flash and urban flooding,” NHC said. “Mudslides are also possible in areas of higher terrain across eastern Cuba.”

Coastal southern North Carolina and southeast areas expected to see between 2 and 4 inches of rainfall with a maximum of 6 inches through Tuesday. This could also result in flash and urban flooding, the forecasters warned.

Swells generated by the cyclone, as well as Hurricane Humberto, are affecting parts of the Bahamas and are predicted to spread to the southeast U.S. coast early next week.

The potential for swells could cause life-threatening surf and rip current conditions, NHC said.

Source link

Bath 14-23 Exeter Chiefs: Visitors gain Prem Cup revenge

Bath: Woods; Emens, Hennessey, Butt, Offiah; Linegar, Carr-Smith; Kirk, Spandler, Verden; Cuckson, Richards (C), Staddon, Cowan, Green.

Replacements: Pearce, Summerfield, A.Griffin, Jeanes, Ridgway, le Roux, C.Griffin, Timmins.

Yellow Card: Summerfield, Kirk.

Exeter Chiefs: Hodge; Brown-Bampoe, Hammersley, Slade, John; Skinner, Varney; Blose, Yeandle (C), Tchumbadze; Tuima, Pearson, Roots, Tshiunza, Vintcent.

Replacements: Dweba, Goodrick-Clarke, Iosefa-Scott, Zambonin, James, Chapman, Coen, Lilley.

Yellow Card: Tuima.

Referee: Craig Maxwell-Keys

Source link

WXV Global Series: Women’s home nations gain control of autumn games

England, Scotland, Ireland and Wales have gained control of their autumn fixtures as part of World Rugby’s alterations to the women’s global calendar.

The new WXV Global Series, which will replace the WXV competition, will run from 2026-2028 and feature the top 12 teams in the world.

Seeking to build on the success of the Women’s Rugby World Cup in England, national federations and unions will be able to choose their own home and away games in September and October.

Alongside each of the home nations, Australia, Canada, France, Italy, Japan, New Zealand, South Africa and the United States qualify as the top 12 sides.

Those 12 nations are locked in to the WXV Global Series until the next Rugby World Cup in 2029.

Each side will receive the same amount of money from World Rugby to compete in the fixtures no matter how many Tests they choose to play.

Fixtures will be announced by each nation after the World Cup.

“This is really important in the context of [breakaway league] R360 and other competitions that are being discussed as we need to give the national federations, players and fans certainty,” World Rugby chief executive Alan Gilpin said.

“This allows that certainty over a four-year cycle that allows the national federations and unions to go and have those conversations [on contracts] with the player groups. It is a really important milestone.”

Teams ranked 13-18, who World Rugby describe as facing greater “financial challenges”, will play their fixtures in a single destination in 2026 and 2028, funded by the global governing body.

Those teams are Brazil, Fiji, Hong Kong China, the Netherlands, Samoa and Spain.

This means WXV – a three-tier competition introduced in 2023 to supply more meaningful games before the World Cup – will no longer run.

BBC Sport understands the top 12 sides will play between 9-16 Tests in a calendar year, outside of World Cup years, with a maximum of six Tests.

The total of games will include fixtures played by home nations in 2027 when they also provide players for the first British and Irish Lions women’s tour to New Zealand.

World Rugby says there will be over 100 games across the three-year Global Series competition and £9m will be invested, which is hoped will build on the World Cup in England that has seen record viewing figures and the final at Twickenham on 27 September sold out.

“The launch of the WXV Global Series marks another landmark moment for the women’s game, following what will be an era-defining Women’s Rugby World Cup in England,” World Rugby chairman Brett Robinson added.

“It delivers on our commitment to raise standards, provide consistent and competitive fixtures, a clear international calendar that prioritises welfare, and create sustainable commercial outcomes for the women’s game globally.”

In 2023, World Rugby announced a new men’s competition starting in 2026 made up of 24 teams, split into two divisions.

Source link

Asana Posts 10% Revenue Gain in Q2

Asana (ASAN 2.48%), the work management software company known for its cloud-based platform that helps teams organize and track projects, reported its second quarter fiscal 2026 results on Sept. 3, 2025. The most important news was that revenue (GAAP) totaled $196.9 million, up 9.9% from the same period last year, beating analyst estimates. Adjusted earnings per share were $0.06, a swing from a $(0.05) loss in the same period last year, while adjusted operating margin improved notably to 7.1%.

The company also raised its full-year guidance, signaling greater confidence in Asana’s ability to drive long-term, durable growth and sustained profitability. The quarter showed strong cost discipline, higher profitability, and ongoing innovation.

Metric Q2 FY26 Q2 FY25 Y/Y Change
Adjusted EPS $0.06 ($0.05) n/a
Revenue $196.9 million $179.2 million 9.9%
Adj. operating margin 7.1% (8.7%) 15.8 pp
Adj. free cash flow $35.4 million $12.8 million 176.6%

Source: Asana. Note: Fiscal 2026’s second quarter ended July 31, 2025. Fiscal 2025’s Q2 ended July 31, 2024.

Business Overview and Recent Focus

Asana delivers a cloud-based work management platform that enables organizations to plan, track, and manage tasks and projects across teams. The platform helps streamline workflows, break down complex initiatives, and improve team collaboration in businesses of all sizes. Its core functionality unites task management with progress tracking, goal setting, and automation — all delivered through a user-friendly interface.

Recently, Asana has prioritized expanding its AI-driven feature set, deepening security certifications, and scaling its platform for large enterprises. The company has focused on integrating artificial intelligence to automate tasks, provide predictive insights, and improve workflow adaptability, aiming to attract larger customer cohorts and address complex business needs. Key success factors include driving customer retention, accelerating adoption of AI-powered offerings, and maintaining security and compliance as more highly regulated industries become customers.

Key Achievements and Developments in the Quarter

Revenue grew 9.9% over the prior year period, slightly outpacing the high end of the company’s own guidance. Asana also achieved its highest-ever non-GAAP operating margin of 7.1%, marking a sharp improvement from a negative 8.7 % a year earlier. The company posted non-GAAP net income of $15.1 million, or $0.06 per diluted share, turning around from an $11.1 million non-GAAP net loss in the prior year and $(0.05) per share in the prior year. Adjusted free cash flow reached $35.4 million, compared to $12.8 million in the prior year period.

Expenses as a percentage of sales fell across core functions: research and development dropped to 24.2% of revenue from 31.5% last year (non-GAAP), and sales and marketing dropped to 44.8% from 50.9% (non-GAAP). This tighter cost control helped produce both margin expansion and a $27.3 million reduction in operating loss on a GAAP basis.

Product innovation remained central. During the quarter, Asana launched the Smart Workflow Gallery, a suite of prebuilt, AI-powered workflows aimed at making it easier for customers to embed artificial intelligence in their daily work routines. Further, management referenced upcoming releases such as “Teammates” and expanded partnerships, including Asana’s presence in the Amazon Web Services Marketplace. AI Studio, Asana’s tool for embedding workflow automation and insights, continued to gain traction, especially among larger enterprise clients.

On the customer side, large enterprise customer momentum persisted. The number of customers spending $100,000 or more annually rose 19% year over year to 770, with 42 net additions since the prior quarter. Core customers, defined as those spending $5,000 or more annually, grew 9% year over year to 25,006, and revenue from this group rose 12% compared to the prior year period. Despite these gains, management noted that net retention rates — a measure of customer renewal and expansion — have plateaued at 96%.

Security and compliance advanced as differentiators. Asana achieved “FedRAMP In Process” designation, signaling its intent to serve more public sector and regulated industry clients. Ongoing certifications such as ISO compliance and annual SOC 2 Type II reporting were cited as ways the company maintains trust with larger organizations. Management also called out the integration of Asana’s platform in environments demanding strict security requirements as a foundation for future enterprise expansion.

Looking Ahead: Guidance and Strategic Considerations

Management forecast revenue of $197.5 million to $199.5 million, implying year-over-year growth of 7.4% to 8.5%. Full-year revenue guidance increased slightly to a range of $780.0 million to $790.0 million. The full-year non-GAAP operating margin target was raised to 6%. However, top-line growth is slowing: management anticipates revenue growth slipping to high single digits (7% to 9%). Non-GAAP operating income is expected in the $12 million to $14 million range, with non-GAAP earnings per share of $0.06 to $0.07.

Company leadership highlighted that sustaining margin gains now relies on both continued cost discipline and improvements in net retention and expansion, as discussed in the context of non-GAAP results. The company’s net retention rate was 96%. Product innovation, especially in AI, will be crucial in driving increased usage and contract sizes with large enterprise customers. Investors should monitor adoption of AI Studio features, international expansion, customer cohort growth, and any material customer contract renewals or downgrades, as in the $100 million-plus renewal that occurred last quarter.

Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted.

Motley Fool Markets Team is a Foolish AI, based on a variety of Large Language Models (LLMs) and proprietary Motley Fool systems. The Motley Fool takes ultimate responsibility for the content of these articles. Motley Fool Markets Team cannot own stocks and so it has no positions in any stocks mentioned. The Motley Fool recommends Asana. The Motley Fool has a disclosure policy.

Source link

Gap Posts 6% EPS Gain in Fiscal Q2

Gap (GAP -0.18%), the well-known apparel retailer behind the Old Navy, Gap, Banana Republic, and Athleta brands, posted its second quarter fiscal 2025 results on Thursday, Aug. 28. The company reported flat revenue at $3.7 billion. Earnings per share came in at $0.57, outpacing the $0.55 consensus. Comparable sales, which measure sales at stores open at least a year, rose 1%, extending a string of positive results. Gross margins (GAAP) and operating profits (GAAP) slipped, with pressures from higher tariffs and last year’s one-time revenue boost falling away.

Overall, the quarter matched forecasts, with GAAP profits a bit higher than Wall Street expected, but growth was modest and margins tightened.

Metric Q2 2025 Q2 2024 Y/Y Change
EPS $0.57 $0.54 6%
Revenue $3.7 billion $3.72 billion (0%)
Gross margin 41.2% 42.6% (1.4 pp)
Operating margin 7.8% 7.8% 0.0 pp
Free cash flow (26 weeks) $127 million $397 million (68%)
Cash, cash equivalents & short-term investments $2.4 billion $2.1 billion 14%

Source: Gap. Note: Fiscal 2025 second quarter ended on Aug. 2, 2025, and fiscal 2024 second quarter ended on Aug. 3, 2024.

Gap’s Business and Key Focus Areas

Gap operates four major apparel brands: Old Navy, Gap, Banana Republic, and Athleta. Each targets a different segment of the clothing market, from value and casual basics to athletic wear and modern business fashion. The company relies on both brick-and-mortar stores and online platforms, aiming to offer a seamless shopping experience across channels.

Recently, Gap has focused on strengthening its brand identity for each label, improving the efficiency of its supply chain, and investing in technology and digital sales capabilities. Management considers brand relevance, omni-channel retail strength, supply chain adaptability, and inventory discipline as key to success. Sustainability and talent development remain priorities, with ongoing work to foster a responsible and inclusive business culture.

Quarterly Highlights: Financial and Operational Review

GAAP net sales held steady year over year at $3.7 billion, closely aligning with company guidance and analyst forecasts. Comparable sales increased 1%, compared to a 3% increase in the same quarter last year. Sales at Old Navy, the company’s largest brand, ticked up 1% and comparable sales rose 2%. The Gap brand also delivered 1% higher sales, with comps up 4%, shrugging off the maturity headwinds typical among legacy brands. Banana Republic’s revenue dipped 1%, but comparable sales moved to a positive 4%, suggesting signs of stabilization in the brand’s repositioning efforts.

In contrast, Athleta, the company’s athletics and lifestyle brand, remains a weak spot. Sales sank 11%, and comparable sales dropped 9%. The segment continues to undergo a strategic reset, with management stating that further improvements will “take time.” Store sales overall declined 1%, while online sales increased 3%, now accounting for 34% of total revenue, highlighting the ongoing shift toward digital retailing.

Profitability was affected by cost and margin pressures. Operating income was $292 million, flat from the prior year. The operating margin edged down to 7.8%. Gross margin, which is the share of revenue left after paying for goods sold, narrowed by 1.4 percentage points year over year to 41.2% (GAAP). Management attributed this to a combination of higher input costs from increased tariffs, and the absence of a positive impact from a previous year’s credit card partner agreement. Merchandise margin, which isolates the profitability of actual product sold, also decreased by 1.5 percentage points year over year. Rent, occupancy, and depreciation costs were slightly improved as a percentage of sales, providing a modest offset.

Inventory levels climbed 9% to $2.3 billion. This increase stemmed from faster receipts and higher costs per item due to tariffs, rather than excess inventory. Nonetheless, With sales pacing flat, elevated inventory levels could pose a risk of future markdowns if consumer demand softens. Free cash flow (non-GAAP) slowed dramatically to $127 million for the first half (26 weeks) of FY2025, reflecting a drop from $397 million in the same period of FY2024. The company’s cash position improved, with $2.4 billion available in cash and short‑term investments at quarter-end, up 13% year over year.

Gap continued to return capital to shareholders, distributing $62 million in dividends and repurchasing $82 million in stock. The quarterly dividend was $0.165 per share. The company ended the quarter with 2,486 company-operated stores, down by 20 for the year to date, as it continued to optimize its store footprint. Franchise stores held steady at approximately 1,000 locations worldwide as of August 2.

Brand and Channel Performance in Detail

Old Navy remains Gap’s largest and most consistent brand. Its product mix focuses on family casual apparel, activewear, and denim. Comparable sales increased by 2%, offsetting some softness elsewhere, though the year-over-year growth rate slowed from recent quarters. Strategic efforts to reinvigorate the brand and focus on active and denim categories are ongoing.

The Gap brand, known for its modern essentials and collaborations, posted a 4% comparable sales increase, delivering its seventh consecutive quarter with positive comps. Marketing initiatives and new partnerships helped drive renewed relevance, which management described as part of a systematic brand “reinvigoration playbook.”

Banana Republic, which aims for modern business and elevated casual wear, reported a 1% drop in total sales but a 4% comp sales increase, suggesting better performance at well-established locations. Ongoing brand repositioning, with a focus on storytelling and marketing, may be starting to have a positive effect, though leadership continues to watch this segment closely.

Athleta, specializing in performance-driven women’s apparel and lifestyle products, struggled as its “reset” continues. With a double-digit sales decline and comparable sales down 9%, further improvements are expected to take time. Management has flagged the need to bolster both product and marketing efforts for this segment. Elsewhere, online sales remain a bright spot, up 3% from a year prior and now accounting for 34% of total revenue. Physical store closures continue, a legacy of ongoing store optimization and an attempt to focus on more productive square footage.

Looking Forward: Management Guidance and Key Watchpoints

Management reaffirmed its financial outlook for fiscal 2025. It expects overall net sales to grow 1%–2% and forecasts a full-year operating margin in the range of 6.7%–7%, lowered from last year due to an expected 1.0–1.1 percentage point negative impact from tariffs. Leadership projected net sales to rise by 1.5%–2.5% year over year in Q3 FY2025 and guides for a notable decrease in gross margin from the prior year, driven largely by increased tariff costs and timing of certain investments.

Investors should watch for developments related to inventory management, margin trends as tariff impacts lift costs, and the pacing of the Athleta turnaround. Digital sales growth and continued omni-channel investments also remain key themes as the apparel market continues to evolve.

Revenue and net income are presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted.

Source link

PVH Posts 4% Revenue Gain in Fiscal Q2

PVH (PVH 1.09%), the owner of Calvin Klein and Tommy Hilfiger, reported its fiscal second quarter earnings on August 26, 2025. The Q2 FY2025 results featured better-than-expected revenue (GAAP) and earnings (non-GAAP), but gross margin declined in Q2 FY2025 compared to the prior year. Non-GAAP EPS of $2.52 for Q2 FY2025 exceeded guidance of $1.85–$2.00, although it fell short of last year’s $3.01. Total revenue (GAAP) for Q2 FY2025 was $2.17 billion, up 4% in the second quarter of 2025 compared to the same period last year and above expectations for a “low single digit” revenue increase in Q2 FY2025. Overall, the quarter delivered sales outperformance and showed core brand resilience but also highlighted persistent cost, margin, and inventory challenges.

Metric Q2 2025 Q2 2024 Y/Y Change
EPS (Non-GAAP) $2.52 $3.01 (16.3 %)
Revenue (GAAP) $2.17 billion $2.07 billion 4.8 %
Revenue vs. Guidance Midpoint (Non-GAAP) Exceeds low single-digit increase guidance; in line with constant currency guidance
Operating Margin (Non-GAAP) 8.2 % N/A N/A
EPS (GAAP) $4.63 $2.80 65.4%
Inventory $1.79 billion $1.58 billion 13.3 %

Source: Analyst estimates provided by FactSet. Management expectations based on management’s guidance, as provided in Q1 2025 earnings report.

Business Overview and Recent Priorities

PVH is a global apparel company known primarily for its Calvin Klein and Tommy Hilfiger brands. It operates in over 40 countries through wholesale, retail, and digital platforms, with its core offering being branded clothing and accessories. Together, Calvin Klein and Tommy Hilfiger accounted for more than 90% of PVH’s revenue in FY2024, reflecting their central importance.

Recent business focus has centered on strengthening its core brand positioning, expanding digital commerce offerings, and bringing more product categories in-house rather than licensing them out. Within this strategy, success depends on steady demand for branded products, investment in marketing and innovation, a balanced global footprint, and supply-chain resilience. The ability to manage costs while maintaining brand value and adapting to shifting consumer behavior is crucial for PVH’s longer-term growth.

Quarterly Developments and Performance Drivers

In Q2 FY2025, PVH posted GAAP revenue growth above expectations, led by both Calvin Klein and Tommy Hilfiger. Tommy Hilfiger generated $1,135.9 million in sales in Q2 FY2025, up 3.9% year over year (GAAP). Calvin Klein delivered $980 million in revenue (GAAP) for Q2 FY2025, rising 5.3%. The Americas region was a particularly strong driver, with 11% revenue growth in Q2 FY2025, attributed mainly to wholesale and from moving previously licensed women’s categories in-house in Q2 FY2025, which shifted revenue streams and timing. Europe, the Middle East, and Africa (EMEA) saw a smaller gain of 3.4% in Q2 FY2025 (GAAP), but on a constant-currency (non-GAAP) basis, it was down 3% in Q2 FY2025. Asia-Pacific region revenue fell 1% year over year in Q2 FY2025 (GAAP), mainly due to continued pressure in China and a soft wholesale market.

Direct-to-consumer (DTC) channels, including the company’s own stores and e-commerce platforms, recorded 3.7% revenue growth in Q2 FY2025. However, when excluding exchange rate effects, DTC was flat. Digital commerce specifically was up 3% in Q2 FY2025, but also flat in constant currency, indicating that digital sales are not yet outpacing the overall market or translating brand engagement into rapid growth.

Gross margin, the percentage of sales remaining after accounting for production and sourcing costs, declined from 60.1% in the prior year period to 57.7% in Q2 FY2025 on a GAAP basis. Management attributed this decline in Q2 FY2025 to several factors, including promotional discounting, cost pressures from higher tariffs on goods imported into the U.S, and the impact of bringing previously licensed women’s categories in-house. These in-house transitions typically generate more reported revenue but often at a lower margin at the outset. Additional sources of margin impact in Q2 FY2025 included an unfavorable mix between wholesale and retail channels, increased freight costs, and some incremental discounting to customers as a result of Calvin Klein delivery delays.

Inventories at the end of Q2 FY2025 were up 13% from the prior year. Management described this build as mostly strategic, aiming to ensure better availability of “core” product categories, especially moving into the next quarter. This can aid sales if demand holds, but it also introduces risk if the market stalls and excess stock leads to heavier discounting. Licensing revenue—money earned from letting other companies use PVH’s brands—declined 3% year over year in Q2 FY2025 as women’s product lines shifted from licensing to direct management. No significant new acquisitions or licensing expansions were announced during the quarter.

In terms of product lines, Calvin Klein’s best performance was in underwear and fashion denim, with management highlighting product innovation and new marketing campaigns featuring celebrity talent like Bad Bunny. Tommy Hilfiger focused on summer campaigns including collaborations with major sports events and teams, such as the F1® The Movie and the US SailGP racing team. Both major brands benefited from targeted investment in product innovation and broad marketing engagement, though the company did not break out detailed sales growth numbers for specific sub-categories beyond the main brands.

The ongoing transition of product categories from licensed to in-house models as part of the branded strategy had notable financial effects. While this contributed to higher reported revenue in Q2 FY2025, it initially pressured gross margins and reduced licensing income. The company also continues to face increased U.S. tariffs, which are expected to produce a $1.15 per share drag on FY2025 non-GAAP earnings per share, up from previous projections of $1.05. Ongoing operational initiatives are aimed at mitigating these cost pressures, but full offset has yet to be realized.

Looking Ahead: Management Guidance and Key Issues

Management updated full-year revenue guidance for FY2025 to “increase slightly to up low single digits,” an improvement from previous forecasts of “flat to increase slightly.” The outlook for full-year non-GAAP operating margin held steady at about 8.5% for FY2025, a significant step down from last year’s 10.0% non-GAAP margin. Full-year non-GAAP earnings per share guidance for FY2025 was reaffirmed at $10.75–$11.00, compared to $11.74 (non-GAAP) last year, and continues to reflect substantial tariff-related and margin headwinds. Q3 FY2025 is projected to see flat to modest revenue growth and non-GAAP EPS between $2.35 and $2.50, compared to $3.03 in Q3 FY2024.

Investors and observers will want to track whether inventory build translates into improved sales or heavier future markdowns, as well as any recovery in Asia-Pacific performance. Additional focus areas include the ability to maintain brand health, especially as elevated promotional activity persists and margin recovery efforts continue. Management flagged continued cost pressures, especially from tariffs and promotional activity, while reiterating its focus on digital and brand-building initiatives. No dividend is currently paid on PVH shares.

Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted.

Source link

What will Uganda gain from accepting US deportees? | Human Rights News

Uganda is the latest of several countries to strike a deportation deal with the United States as President Donald Trump ramps up controversial efforts to remove migrants from the country.

In a statement on Thursday, Uganda’s Ministry of Foreign Affairs stated that Kampala had agreed for Washington to send over third-country nationals who face deportation from the US, but are unwilling to return to their home countries. The ministry said that the agreement was made under certain conditions.

Rights groups and law experts have condemned Trump’s controversial plans to deport millions of undocumented migrants. Those already deported include convicted criminals and “uniquely barbaric monsters,” according to the White House.

African countries, such as Eswatini, formerly known as Swaziland, have accepted similar deals, reportedly in exchange for lower tariffs. The US’s actions are exploitative and tantamount to treating the continent as a “dumping ground,” Melusi Simelane of the Southern Africa Litigation Centre (SALC) told Al Jazeera, adding that Washington was especially focusing on countries with weak human rights protection.

Here’s what you need to know about the Uganda deal and what countries might be getting in return for hosting US deportees:

What did Uganda agree to?

In a statement posted on X on Thursday, Bagiire Vincent Waiswa, the permanent secretary of Uganda’s Foreign Ministry, said the country had agreed to a “temporary arrangement” with the US. He did not state the timelines for when the deportations would begin or end.

There are caveats regarding the people who would be transferred, the statement continued, including that Uganda will not accept people with criminal records or unaccompanied minors and that it “prefers” that Africans be transferred as part of the deal.

“The two parties are working out the detailed modalities on how the agreement shall be implemented,” the statement added.

A US State Department statement confirmed that Ugandan President Yoweri Museveni and US Secretary of State Marco Rubio had held discussions over the phone regarding “migration, reciprocal trade, and commercial ties”.

The deal’s announcement came after weeks of speculation in local Ugandan media regarding whether the East African nation would accept US deportees.

On Wednesday, Foreign Affairs Minister Henry Okello Oryem denied the media reports, saying Uganda did not have the facilities to accommodate deportees.

Speaking to The Associated Press news agency, Oryem said Uganda was discussing issues of “visas, tariffs, sanctions and related issues” with the US, but not of migration.

“We are talking about cartels: people who are unwanted in their own countries. How can we integrate them into local communities in Uganda?” he told the AP.

A day later, Uganda’s narrative had flipped.

Ugandan President Yoweri Museveni
Ugandan President Yoweri Museveni gestures as he speaks to the media at a joint briefing with Kenyan President William Ruto (unseen) at the State House during his two-day state visit in Nairobi on May 16, 2024 [Simon Maina/AFP]

What might Uganda gain from this?

The Foreign Ministry’s statement on Thursday did not state what Uganda might be getting in return.

Other countries, including Eswatini, have reportedly accepted deportees in exchange for lower tariffs.

Uganda has been hit with 15 percent tariffs on goods entering the US, as part of Trump’s reciprocal tariff wars. Senior government officials in early August told local media that the tariffs would disrupt Ugandan exports, especially in the agricultural sector, and that Kampala would enter negotiations for a better deal.

Coffee, vanilla, cocoa beans and petroleum products are some of Uganda’s key exports to the US. Kampala is particularly keen on boosting coffee exports to the US and competing with bigger suppliers like Colombia. The US, on the other hand, exports machinery, such as aircraft parts, to Uganda, which imposes an 18 percent tariff on imported products.

The US and Uganda have historically enjoyed friendly ties, with the US routinely sending aid to Kampala. However, after Uganda passed an anti-homosexuality bill into law in 2023, relations turned sour, and the US accused Uganda of “human rights violations”. The law proscribes punishment, including life sentences, for same-sex relations.

Washington thereafter cut aid funding for HIV programs and issued visa restrictions on Ugandan government officials “complicit in undermining the democratic process.” The US also banned Uganda from the African Growth and Opportunity Act (AGOA), a trade programme that helped African countries trade tariff-free with the US, but that Trump’s tariffs have effectively killed.

The World Bank additionally banned Uganda from its loans for two years, although the restriction was lifted this June.

Rights activists say the deal on deportees could make the US administration more favourably inclined towards Uganda, but at the expense of those deported.

“The proposed deal runs afoul of international law,” human rights lawyer Nicholas Opiyo told the AP. He added that such an arrangement leaves the legal status of deportees unclear as to whether they are refugees or prisoners.

“We are sacrificing human beings for political expediency; in this case, because Uganda wants to be in the good books of the United States,” Opiyo said.“That I can keep your prisoners if you pay me; how is that different from human trafficking?”

Does Uganda already host refugees?

Yes, Uganda is Africa’s largest refugee host country. It already hosts some 1.7 million refugees, largely from neighbouring South Sudan, Sudan and the Democratic Republic of the Congo, which are all dealing with armed conflict and unrest.

The United Nations has, in the past, hailed the country as having a “progressive refugee policy” and “maintaining an open-door approach to asylum”.

However, opposition activists are sounding the alarm over the government’s dismal human rights record. Uganda has been ruled by Museveni since 1986, with his party winning contested elections in landslides. Opposition members and journalists are often targeted in arrests. Some report being tortured in detention.

Speaking to the AP, opposition lawmaker Muwada Nkunyingi said the US deal could give Museveni’s government further Western legitimacy ahead of general elections scheduled for January 2026.

The deal was struck to “clear their image now that we are heading into the 2026 elections,” Nkunyingi said. He urged the US not to ignore what he described as human rights issues in Uganda.

Protesters hold up photos of Venezuelans deported to El Salvador from US
Jasmin Ramirez holds a photo of her son, Angelo Escalona, at a government-organised rally protesting against the deportation of alleged members of the Venezuelan Tren de Aragua gang, who were transferred to an El Salvador prison, in Caracas, Venezuela, on Tuesday, March 18, 2025 [Ariana Cubillos/AP]

What other countries has the US sent people to?

Eswatini, Rwanda and South Sudan have struck similar agreements with the US.

Eswatini, in July, accepted five unnamed men from Vietnam, Jamaica, Laos, Cuba and Yemen.

Tricia McLaughlin, Department for Homeland Security assistant secretary, described them as “individuals so uniquely barbaric that their home countries refused to take them back”. She added that they were convicted of offences ranging from child rape to murder, and faced up to 25 years in jail. The men are presently held in detention facilities and will be sent back to their countries, according to officials who did not state a timeline.

Activists accuse the Eswatini government of engaging in the deal in exchange for lower tariffs from the US. The tiny country, which exports apparel, fruits, nuts and raw sugar to the US, was hit with a 10 percent tariff.

“No country should have to be engaged in the violation of international human rights laws, including breaching its domestic laws, to please the Global North in the name of trade,” Simulane of SALC, who is leading an ongoing court case challenging the Eswatini government’s decision, told Al Jazeera. The move, he said, was against the country’s constitution, which mandates that international agreements pass through parliament.

“What we want, at the core, is for the agreement to be published for public scrutiny, and for the public to understand (if) it indeed is in line with our national interest,” Simulane said. “We further want the agreement declared unconstitutional because it lacked parliamentary approval.”

South Africa, which borders Eswatini on three sides, summoned the smaller country’s diplomats earlier in August to raise security concerns about the arrangement.

Similarly, the US sent eight “barbaric” criminals to South Sudan in July. The DHS listed them as being from Cuba, Myanmar, Vietnam, Laos, Mexico and South Sudan. They were convicted of crimes such as first-degree murder, robbery, drug trafficking, and sexual assault, the DHS said.

The men were initially diverted to Djibouti for months pending a legal challenge in the US. However, in late June, the US Supreme Court approved the move to South Sudan.

Rwanda, too, has confirmed that it will take 250 deportees from the US at an unnamed date. According to government spokesperson Yolande Makolo, the deportees will enjoy “workforce training, health care and accommodation”. The country previously struck a controversial migrant deal for a fee with the United Kingdom. That deal, however, fell through when the new Labour government was elected in the UK in 2024.

Outside Africa, El Salvador has taken in 300 migrants, mainly from Venezuela, for a $6m fee.

Costa Rica accepted 200 asylum seekers from Afghanistan, China, Ghana, India and Vietnam. While many have been repatriated, some 28 people were still in detention by June. It is unclear what the US offered in return.

Nearly 300 people from countries like Afghanistan, Pakistan, Iran, and China were sent to Panama in February.

Source link

Navy Fighter Pilots Need To Gain Trust In Pilotless Wingmen By Actually Flying With Them

Naval aviators need to be able to trust any future drone wingmen as much as their human counterparts, a U.S. Navy strike fighter tactics instructor has told TWZ. This echoes past comments from members of the U.S. Air Force and U.S. Marine Corps, and is set to be a critical factor in turning the Navy’s still very nascent and evolving crewed-uncrewed teaming vision into a reality.

Navy Lt. Cdr. Mark “Tugboat” Jbeily talked about ‘loyal wingman’ type drones, now commonly called Collaborative Combat Aircraft (CCA), and crewed-uncrewed teaming, and how they factor into his service’s plans for future carrier air wings, with our Jamie Hunter at the Tailhook Association’s annual symposium today. Jbeily is a career F/A-18 pilot and TOPGUN graduate currently assigned as an instructor to the Strike Fighter Weapons School, Pacific (SFWSPAC) at Naval Air Station Lemoore in California.

An F/A-18F Super Hornet takes off from Naval Air Station Lemoore. USN

“I think, currently, we’re [the Navy] still figuring out exactly what the specific type of [CCA] platform is going to look like, how it’s going to integrate into the air wing, [and] how we’re going to use it for maximal advantage,” Jbeily explained. “But I think some common themes … are going to be consistent regardless of the specific platform, range, vendor, whatever it is.”

“You know, the wings on your chest are a sign of trust, ultimately, right? They represent that you’ve been through an established training pipeline. You’re going to behave in a predictable manner, in a standardized manner. We can trust you with this awesome power of an F-18 or F-35,” he continued. “How do we take that concept of trust and now bring it to collaborative autonomy, or manned-unmanned teaming? How do we train to get them comfortable so, in the same way that if you and I were flying, if you were my wingman, I would know you’re going to behave in a repeatable, consistent [manner]?”

“I can have insight on your behaviors. We can do a thorough debrief about why did you do this or why did you do that?” Jbeily added. “And the key, I think, is going to be, regardless of the specific platform, how do we build that element of trust, and how do we get folks comfortable to be able to use it in a combat scenario if we have to.”

The video below from Collins Aerospace offers a vision of what a future conflict involving U.S. CCAs, including ones launched from carriers, teamed up with crewed fighters might look like.

When it comes to advanced autonomous capabilities, whether they be integrated into drone wingman or another platform, the essential need for trust has now been a common refrain from members of the U.S. military for years. This trust will be just as critical during routine training and other day-to-day activities involving crewed-uncrewed teams as it will be during any future combat scenario, for exactly the kinds of reasons that Lt. Cdr. Jbeily cited today.

At a separate conference earlier this year, a U.S. Marine Corps aviation officer highlighted how just making sure that CCA-type drones do not collide with their crewed companions remains a challenge. TWZ noted at the time that this underscored the many basic problems still to be solved before CCAs can be regularly deployed, launched, recovered, supported, and otherwise operated at all, let alone employed tactically.

In speaking with TWZ today, Lt. Cdr. Jbeily further talked about how CCAs could be incorporated in training in the future using what are called live, virtual, constructive (LVC) concepts. As the name indicates, LVC training blends together real and simulated elements in real-world and virtualized settings using a mixture of systems networked together, as you can read about in more detail here. LVC concepts are already regularly used as part of research, development, test, and evaluation activities related to advanced uncrewed capabilities. In line with his comments on trust, Jbeily put particular emphasis on the need for the live component.

“We already, within the Navy, have an established process of, if you take, for example, live-fires for missiles, air-to-air missiles, folks will go down to our test and evaluation ranges and actually live employ a real missile against some sort of drone or something,” he said. “And that is meant to build that comfort, so, ultimately, when game day comes, you’re not going to rise to another level, you’re going to fall back to your basic level of training.”

“I think that when you think about the Live, Virtual, Constructive piece of this, there’s absolutely going to be a component, because you’re never going to see these collaborative combat aircraft, potentially, right? They may be dozens or hundreds of miles away, even,” he continued. “So, there’s got to be a constructive bit, but I think, ultimately, if we want to get that comfort level of having another piece of metal in the sky that you either join on, or you trust to employ weapons, or you trust to execute your mission command, there has to be some element of live flight. What the specific combination will be and where we can realize optimizations, I think, is still kind of to be determined, but it’s a place that I think we can realize gains on both ends, both the live and the sort of virtual, constructive piece.”

On a broader level, the Navy still has yet to settle on a clear vision for how it will incorporate CCAs into its future carrier air wings and what forms those drones might take, as a result. In the past, the service has put forward a concept for lower-cost carrier-capable drone wingmen in the past that envisions them being “consumable,” and expended as one-way kamikaze drones or aerial targets for training or testing use at the end of relatively short service lives. In recent years, the Navy has also openly talked about a more general goal to eventually see the aircraft in its carrier air wings become at least 60 percent uncrewed.

In addition, the Navy is party to a tri-service CCA agreement with the Air Force and the Marines, but, by its own admission, is trailing behind those services on all fronts. The Air Force currently has two CCAs – General Atomics YFQ-42A and Anduril’s YFQ-44A – under development, and is already looking toward future designs. The Marines are in the process of transforming their work with the XQ-58A Valkyrie into an operational capability.

A composite rendering of the YFQ-42A (at bottom) and YFQ-44A (at top). USAF composite artwork courtesy General Atomics Aeronautical Systems, Inc. and Anduril Industries
A Marine XQ-58A Valkyrie. USAF An XQ-58A seen during the type’s first flight in Marine Corps service in October 2023. USAF

The Navy’s current stated focus is on getting the MQ-25 Stingray tanker drone into service, which it hopes will lay the foundation for adding more uncrewed aircraft to its carrier air wings. The service has also expressed a strong interest in Boeing’s MQ-28 Ghost Bat, a loyal wingman-type drone.

An MQ-28, at left, alongside a demonstrator Boeing has been using in the development of the MQ-25, called the T1. Boeing An MQ-28 Ghost Bat, at left, alongside an MQ-25 Stingray. Boeing

“I think right now, within the experimental community, the VXs [air test and evaluation squadrons], there’s a lot of discussion there,” Lt. Cdr. Jbeily told TWZ today about what might be on the horizon drone-wise for the Navy. “I think that the Air Force has potentially taken the forefront on this with their Collaborative Combat Aircraft program.”

The Air Force’s CCA program does appear to be the leading effort in this vein across the services, as you can read about more in TWZ‘s past reporting.

“I think that those decisions about what we’re going to buy, when we’re going to buy it, are a little bit above my level, but I know that the Navy is still deeply interested in looking in terms of how we can, for the purpose of maintaining warfighter advantage, how we can keep the Navy and the Air Wing relevant with this sort of precision, mass and collaborative autonomy,” Jbeily added. “[The] Air Boss’s big initiative has been MQ-25 in ’25 to get sort of that specific aerial refueling platform, [to] lessen the burden on Super Hornets, which currently perform the aerial fueling role. So I think what that’ll end up being is a good model for how do we integrate autonomous systems into the air wing and ensure that we can get folks comfortable to accomplish these missions.”

The T1 demonstrator Boeing has been using in the development of the MQ-25 links up with a Super Hornet during a test. USN

The “Air Boss” that Jbeily is referring to here is Vice Adm. Daniel Cheever, head of Naval Air Forces. “MQ-25 in ’25” refers to the goal for the Stingray to fly for the first time before the end of this year, a milestone that has already been much delayed, reflecting larger schedule slips and cost growth for the program.

“There’s so much sense of urgency and purpose amongst our junior officers who recognize the peer competition that we’re in and recognize the role that the Navy will play in providing peace through deterrence, and we want to prepare for the future fight,” the strike fighter tactics instructor told TWZ today, speaking more generally. “That urgency that you see amongst the junior officers is focused on being the change and bringing the change, and not simply accepting business as usual.”

“We just want to keep the carrier relevant and effective, and that’s the energy that’s shared amongst junior officers.”

As noted, the Navy does see drones as a key element of its future carrier air wings. Ensuring that there is trust in those uncrewed aircraft to perform, especially among the junior officers who will be flying alongside them, will be of vital importance.

Contact the author: [email protected]

Joseph has been a member of The War Zone team since early 2017. Prior to that, he was an Associate Editor at War Is Boring, and his byline has appeared in other publications, including Small Arms Review, Small Arms Defense Journal, Reuters, We Are the Mighty, and Task & Purpose.


Source link