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On September 14th, according to foreign media reports, Trump defended his remarks calling for Irish reunification, calling them "fairly routine comments" and sticking to his previous statements. These remarks have sparked controversy in Northern Ireland. Speaking to reporters at the Irish Open in Dornberg, Ireland on Sunday, Trump said, "Ive always liked the Irish people. It seems to me that since theres Northern Ireland and Ireland, uniting them seems like one of the most logical things that has ever happened." "Thats just my personal opinion. By the way, a lot of people agree with that," Trump said. "I made what I consider a fairly routine comment, and I got a lot of support." Trumps remarks on Sunday came in response to a question about whether British Prime Minister Andy Burnham should hold a referendum on Irish reunification, although the US president avoided the specific question.On September 14th, U.S. Energy Secretary Chris Wright warned oil traders not to expect a quick breakthrough on the Strait of Hormuz issue. Iran is planning to propose a shipping agreement to other Gulf states. In an interview on Sunday, Wright stated, "Expecting to reach a consensus agreement with Iran today is clearly not a good option." He said the market still needs to rely on alternative shipping routes. He estimated that these alternative routes can currently still supply about 10 million barrels of crude oil and petroleum products per day. Wright said, "Therefore, the current global oil market supply is indeed tighter than we would like, but not excessively so." Wright also said that Irans nuclear program will end "in some way," adding, "We prefer a negotiated solution. If negotiations fail, they can continue with a secret, hidden, covered-up, and denied nuclear weapons program, but after that, Iran will face the U.S. military, and the U.S. military will ensure they cannot develop nuclear weapons."U.S. Energy Secretary Wright stated that the U.S. will terminate Irans nuclear program "no matter what"; the U.S. expressed concern over the suspension of inspections of Irans nuclear program. Hoping to reach a Hormuz-related agreement with Iran is not a prudent option.Musk confirmed that Tesla will livestream the launch event for its Roadster electric sports car.According to the Iranian news agency IRNA: The Israeli military continues its airstrikes in southern Lebanon, bombing several towns and areas in Nabatieh.

Rent the Runway Predicts Full-Year Revenue to be Lower than Expected; Shares Decline 4%

Aria Thomas

Apr 14, 2022 09:47

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The bearish forecast comes as fashion stores are projected to profit from a post-COVID resurgence in demand for dress and formal wear, as the United States prepares for the highest number of ceremonies since 1984, as the epidemic disrupted weddings and other social occasions.


According to IBES statistics from Refinitiv, Rent the Runway forecasts full-year sales of between $295 million and $305 million, down from previous projections of $305.02 million.


Revenue increased 91% to $64.1 million in the fourth quarter, above analyst projections of $63.22 million.


The company's active subscribers for its fashion rental business increased by more than 110% to 115,240 in the third quarter.


The stock is down more than 70% from its October initial public offering price after Wednesday's after-hours fall.