Author: Press Room

For Vice President Kamala Harris, her Thursday night speech accepting the Democratic nomination marked one of the most high-profile moments of a rapid rise to become the first Black and Asian American woman to lead a major party’s presidential ticket. One image, however, has captured what the moment could mean for young girls. Shot by New York Times staff photographer Todd Heisler, the photo features Amara Ajagu, one of the vice president’s young grandnieces, staring on as Harris delivered her address to the convention. More so than most little girls, Ajagu can say that Harris could be the first president who looks…

By Elana Rabinowitz, Next Avenue “We call it pretirement,” a woman said while gushing about her new life in the affluent resort town of Saratoga Springs, New York. The smile on her face was impossible to hide. “Pretirement?” I asked, as if she made a verbal typo. She explained that it’s a phrase she and her spouse created to describe their new softer life as transplants to bucolic Upstate New York from the hustle and bustle of Manhattan. “Sometimes we check our calendars and if we can we kayak during lunch,” she continued. How dreamy this seemed compared to my…

Mortgage rates fell sharply this week to the lowest level in more than a year, igniting a boost in demand in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage dropped to 6.47% this week from 6.73% last week. The average rate on a 30-year loan was 6.96% a year ago.”Mortgage rates plunged this week to their lowest level in over a year following the likely overreaction to a less than favorable employment report and financial market turbulence for an economy that remains on solid footing,” said…

The U.S. Bureau of Labor Statistics just reported that the U.S. added 818,000 fewer jobs over the last 12 months (through March) than they previously predicted. The -0.5% difference was reported in the preliminary estimate of the annual revision to the BLS employment series. Consumers won’t know the final numbers until February. The largest discrepancy occurred in the professional and business services sector, with the revision showing 358,000 fewer jobs than originally reported. The retail industry had the second-largest revision at 129,000 fewer jobs. Manufacturing came in third with 115,000 fewer jobs.The labor market isn’t in a dire place, but…

Federal Reserve chair Jerome Powell on Friday gave the clearest indication yet that the central bank is likely to start cutting interest rates, which are currently at their highest level in two decades.If a rate cut comes in September, as experts expect, it would be the first time officials have trimmed rates in over four years, when they slashed them to near zero at the beginning of the Covid-19 pandemic.  Investors may be wondering what to do at the precipice of this policy shift.Those who are already well diversified likely don’t need to do much right now, according to financial…

You may have never heard of National Public Data, yet your personal information may have been compromised in the company’s recent massive data breach.The background check company, which is owned by Jerico Pictures Inc., recently released details of the breach after a proposed class action lawsuit alleged 2.9 billion personal records may have been exposed. Other reports suggest the amount of records leaked may have been more than 2.7 billion.In an official data breach notice filed in Maine, National Public Data indicated 1.3 million records may have been breached, said James E. Lee, chief operating officer at Identity Theft Resource…

As opening statements in the murder trial of Robert Telles began last week, the Las Vegas Review-Journal was confronted with a nightmarish question: How does a newspaper cover the trial of a suspect accused of murdering one of its own reporters? The once-unimaginable prospect is one the newspaper and its staff have faced for nearly two years after Telles, a 47-year-old former Clark County public administrator, was arrested and charged in the fatal stabbing of Review-Journal investigative reporter Jeff German. The shocking death of the veteran journalist came after the reporter spent months covering turmoil and allegations of harassment inside Telles’ office.…

Workday, Inc. (NASDAQ:WDAY) Q2 2025 Earnings Call Transcript August 22, 2024 4:30 PM ET Company Participants Justin Furby – VP of IRCarl Eschenbach – CEOZane Rowe – CFODoug Robinson – Co-President Conference Call Participants Kirk Materne – EvercoreKash Rangan – Goldman SachsMark Murphy – JPMorganBrent Thill – JefferiesBrad Sills – Bank of AmericaMichael Turrin – Wells FargoRaimo Lenschow – BarclaysKarl Keirstead – UBSAlex Zukin – Wolfe ResearchDerrick Wood – TD CowenBrad Zelnick – Deutsche Bank Operator Welcome to Workday’s Fiscal 2025 Second Quarter Earnings Call. At this time, all participants are in a listen-only mode. We will conduct a question-and…

Discount apparel retailer Ross has upgraded its guidance after exceeding Wall Street’s estimates for its second quarter, as low-income shoppers seek out deals to offset rising costs.The company reported profits of $1.59 per share last quarter, better than its own guidance and analysts’ expectations. It also raised its profit outlook for the full year to a range of $6 to $6.13 a share, up from $5.79 to $5.98 a share.“Delivering the great values that our off-price customers have come to expect from us is more important than ever, especially given the continued pressures they face from the high costs on…

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