Author: News Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A strike at Boeing has cast doubt on the company’s production goals for the 737 Max and raised the spectre of a cash crunch, as its chief financial officer on Friday said the company would fight to preserve its investment-grade credit rating.Boeing’s investment-grade rating is crucial to its operations and losing it would be a serious blow, meaning the company could face a punishing increase in borrowing costs given a debt load that has swelled to $53bn. The options to keep it…

Read More

Last month, I wrote an article praising Signet Jewelers Limited (NYSE: SIG) as a strong earner and market leader trading at a fairly low price. The stock has gone up quite a bit since I wrote that piece, and is going up again today on news of a strong earnings release for the second quarter. It beat estimates and importantly included full-year guidance, which was higher than the consensus estimates suggested. Today I want to revisit Signet Jewelers, following the new earnings announcement, to see whether the stock is still worth considering for investors, trading as it does well below…

Read More

Right-wing media outlets are ignoring Donald Trump’s embrace of far-right conspiracy theorist Laura Loomer, shielding their audience from the uproar amid condemnation from top Republicans. In recent days, Donald Trump has mingled with Loomer, the radical conspiracy theorist who has a well-documented history of pushing racist, sexist, Islamophobic and homophobic hate. Loomer has been banned from most social media platforms for her vile rhetoric, though her account was restored in 2022 on X after Elon Musk, himself an avid Trump supporter, purchased the platform. Loomer’s presence with Trump at this week’s presidential debate and 9/11 memorial ceremonies has drawn widespread attention from mainstream news outlets, with major publications and television outlets spotlighting…

Read More

Billionaire Jared Isaacman made history in space — again.On Thursday, Isaacman spent 10 minutes floating in the vacuum of space outside of a SpaceX capsule. Isaacman, the billionaire CEO and founder of payment processing company Shift4 Payments, is part of the first-ever all-civilian spacewalk — three years after he led a 2021 SpaceX mission as commander of the world’s first all-civilian mission to reach orbit.Both private space missions were funded for undisclosed sums by Isaacman, who boasts an estimated net worth of $1.9 billion, according to Forbes.”I decided I was going to go to space when I was 5 [years…

Read More

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. Comeback continues: The S & P 500 is rallying for the fifth session in a row, up nearly 4% this week and almost completely erasing all of last week’s brutal sell-off to start September. Tech stocks are the big winner, with semiconductor companies such as Nvidia , Broadcom and Advanced Micro Devices all posting double-digit percent gains this week. All three chipmakers are Club holdings. Jim Cramer said earlier Friday that…

Read More

It’s that time of year when many of those who have Part D prescription drug coverage experience sticker shock. Here is a sample of what’s happening with my clients. Can this be right? The $141 copay for my expensive eye drops just shot up to $520 and the costs for my other drugs dropped to between $0.75 and $4. Did I pick the wrong plan? After meeting the plan’s deductible, I have been paying $11 for one medication. This month, I got a bill for $201. Yes, unfortunately, these costs are likely correct and no, you probably didn’t pick the…

Read More

The Justice Department is expected to soon announce criminal charges against the Iranian government-backed hackers who carried out a hack-and-leak operation targeting former President Donald Trump’s campaign, four sources familiar with the matter told CNN. The criminal charges against the Iranian hackers could be unveiled as soon as next week, two of the sources said. The Iranian hackers stole internal Trump campaign documents and shared them with news organizations in an attempt to sow discord during the presidential election, according to US officials. The hackers breached the email account of longtime Trump ally Roger Stone to target campaign staff in…

Read More

US regulators have identified lapses in Wells Fargo’s anti-money laundering and financial crimes risk management practices, the latest compliance issue for the US bank. The Office of the Comptroller of the Currency, one of the main US banking regulators, said on Thursday that Wells, the fourth-largest US lender by assets, had agreed to take remedial steps. “We have been working to address a substantial portion of what’s required in the formal agreement, and we are committed to completing the work with the same sense of urgency as our other regulatory commitments,” Wells, said in a statement. Shres in the bank, which remains…

Read More

Farmer Bros. Co. (NASDAQ:FARM) Q4 2024 Earnings Conference Call September 12, 2024 5:00 PM ET Company Participants John Moore – President and CEOVance Fisher – CFO Conference Call Participants Gerard Sweeney – ROTH CapitalEric Des Lauriers – Craig-Hallum Capital Group Operator Good afternoon, and welcome to the Farmer Brothers Fiscal Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. As a reminder, this call is being recorded. Earlier today, the company filed its Form 10-K and issued its fourth quarter and full year earnings results press release, which is available…

Read More

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Married for seven years, Hansen and his wife Momo care for six little ones at their apartment in downtown Beijing. But they adopt a slightly different parenting routine from your typical mom and dad: They play fetch with them and take them out for daily walks. These little ones are not their offspring, but “fur babies,” or “mao hai zi,” in Chinese, and the couple loves them so much they refer to them…

Read More