Author: Press Room
Denim-crazed consumers are turning to Levi Strauss & Co for new jeans, but the company’s overall business is being dragged down by its Dockers brand, which the company is now considering selling off, it announced Wednesday. Sales at Levi’s brand were up 5% during its fiscal third quarter — the biggest gain in two years — but overall revenue came in flat and lower than Wall Street had expected. Shares of Levi’s fell more than 8% in extended trading Wednesday.Here’s how the denim-maker performed compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per share: 33…
A federal appeals court in Washington, DC, on Wednesday allowed a prediction market to offer election betting, denying a government watchdog’s request to halt a ruling that made way for legal political gambling in the United States. Kalshi, an online platform where users can bet on the outcomes of future events, relaunched its congressional control contracts a few hours after the ruling, letting Americans bet on which party will control the House and Senate in 2025. It is unclear whether the New York-based startup will launch more election markets. A panel of three judges unanimously ruled Wednesday that the Commodity…
This article was written byFollowAfter 43+ years working for one investment research company or another, I finally retired. So now, I’m completely independent. And for the first time on Seeking Alpha, I won’t be working based on anybody else’s product agenda. I have only one goal now… to give you the best actionable investment insights I can.I have long specialized in rules/factor-based equity investing strategies. But I’m different from others who share such backgrounds. I don’t serve the numbers. Instead, the numbers serve me… to inspire HI (Human Intelligence) generated investment stories. I definitely understand quant investing, including factors and…
Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseVice-presidential candidates JD Vance and Tim Walz are facing off in a debate in New York, laying out sharply contrasting visions of the US at a pivotal moment in the final stretch of the 2024 White House race.With just over a month until polling day, it is the first, and probably only, debate between Donald Trump’s and Kamala Harris’s running mates, and a chance for Vance, in particular, to improve his tepid approval ratings.An Associated Press poll last week…
A Georgia judge signaled Tuesday that he sees a need to bring clarity to the meaning of a “vague” new election certification rule approved by Donald Trump allies that critics say will inject chaos into the battleground state after Election Day. State and national Democrats have sued the GOP-controlled Georgia State Election Board over a pair of rules passed in August that require county election officials to conduct a “reasonable inquiry” into election results before certifying them and allow them to “examine all election related documentation created during the conduct of elections prior to certification of results.” During a bench…
One of the goals of the Inflation Reduction Act is to lower drug costs for Medicare beneficiaries. The biggest step toward that goal will be the implementation of the $2,000 cap on Part D out-of-pocket costs starting in January 2025. Nearly 19 million Part D enrollees could save $400 and almost two million with the highest costs could save, on average, $2,500 per year. Last year, Medicare took a baby step toward that goal by eliminating the 5% coinsurance in the Catastrophic Coverage payment stage. This should save approximately 1.5 million enrollees about $3,100 each this year. Both these initiatives…
The U.S. housing market has remained stagnant, with just 25 out of every 1,000 homes changing hands in 2024, according to recent data from real estate firm Redfin. The first eight months of the year marked the lowest turnover rate in at least 30 years, according to Redfin, which conducted an analysis of housing turnover by comparing the first eight months of 2024 across different metro areas, home and neighborhood types. It is using turnover as a way to measure housing availability. Comparatively, there were 37% fewer homes sold this year compared with during the middle of the COVID-19 pandemic…
As the Southeast U.S. recovers in the aftermath of Hurricane Helene’s destruction, consumers looking to change their air travel plans to or from affected areas without taking a financial hit may be out of luck, experts said.”The big-picture issue that happens in U.S. air travel: When there is a significant disruption, air passengers have very, very limited rights” when it comes to compensation, said Eric Napoli, chief legal officer at AirHelp, an online service that assists airline passengers.’Catastrophic damage’The North Carolina Department of Transportation urged people to avoid unnecessary travel in the western part of the state due to hundreds…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are starting the first day of October and the fourth quarter on a lower note, following a similar trend we saw at the start of August and September. The pullback in early August occurred after the popular “yen carry trade” imploded, causing forced liquidation of stocks. The September sell-off was based on an economic growth scare and concerns that the Federal Reserve was too slow to cut interest rates.…
New York magazine writer Olivia Nuzzi is publicly accusing her ex-fiancé Ryan Lizza, a prominent political journalist with Politico, of orchestrating a harassment and blackmail campaign against her after their split and while Nuzzi had a personal relationship with Robert F. Kennedy, Jr. The accusations — which Nuzzi made in a filing and before a judge in Washington, DC’s Superior Court this week and which he denies — are the latest explosive twist to emerge from the fallout of her previously undisclosed relationship with Kennedy, the former independent presidential candidate, and as the national political press has turned the saga into a discussion of journalism ethics. Nuzzi wrote in a court filing…
