Author: News 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…
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…
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…
Kamala Harris said the US would take “whatever action is necessary” to protect its interests against Iran, as the vice-president and Democratic presidential nominee addressed the growing tensions in the Middle East.Harris spoke after meeting the US national security team alongside President Joe Biden at the White House, as Washington weighed its response to Iran’s move to launch about 200 missiles at Israel on Tuesday. “I am clear-eyed: Iran is a destabilising, dangerous force in the Middle East and today’s attack on Israel only further demonstrates that fact,” she said.“We will never hesitate to take whatever action is necessary to defend…
This article was written byFollowKeith began his career as a research scientist (developmental biology, biochemistry, molecular biology) at the Australian National University, University of Oxford (UK), the Max Planck Institute for Biochemistry (Munich, Germany) and finally Macquarie University (Sydney) where he held a Chair in Biology and established the Centre for Analytical Biotechnology. Pioneering the area of proteomics (with Marc Wilkins in his group coining the term), Keith established the world’s first government-funded Major National Proteomics Facility (Australian Proteome Analysis Facility) which was involved with industrialising protein science. Keith left academe with his team to found Proteome Systems Ltd in…
Former President Donald Trump has backed out of a previously scheduled interview with “60 Minutes,” the most-watched newsmagazine in the United States, CBS News said Tuesday evening. CBS disclosed Trump’s change of plans a few hours before the network hosts a vice-presidential debate between Trump’s running mate, Ohio Sen. JD Vance, and Kamala Harris’s running mate, Minnesota Gov. Tim Walz. “For over half a century, 60 Minutes has invited the Democratic and Republican tickets to appear on our broadcast as Americans head to the polls,” the network said in a statement. “This year, both the Harris and Trump campaigns agreed…
The International Longshoremen’s Association (ILR), representing about 45,000 dockworkers, initiated its first large-scale strike in 47 years — disrupting supply chains ahead of the holiday shopping season. Walkouts at 36 ports along the East Coast and the Gulf Coast, spanning from Maine to Texas, began early Tuesday morning after negotiations failed to produce a new labor contract by the midnight deadline. The ILR wants a 77% pay raise over the six years of a new contract and a ban on automation. The United States Maritime Alliance (USMX), which represents the port owners, offered 50% and promised to limit automation in line…
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.…
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…
This month, the U.S. Senate’s Special Committee On Aging held a hearing to address elder financial fraud. It is entitled Fighting Fraud: How Scammers are Stealing from Older Adults. Ranking member Senator Braun stated that Medicare fraud alone cost taxpayers $60B in 2023. The committee thoroughly explored the broad topic of financial elder abuse and solutions. Here at AgingParents.com, where we see the vulnerability of elders firsthand, and repeatedly hear about clients’ aging parents being ripped off, we are glad to see the Senate paying attention. There was testimony from various qualified witnesses at the hearing, which is recorded. Among…
