Business
Levi Strauss hikes dividend as second-quarter earnings exceed expectations
A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Levi Strauss on Thursday reported quarterly revenue and earnings that came in above Wall Street expectations, as the clothing company known for its denim said […]
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Walmart won’t hold rival event to Amazon Prime Day, as it is already offering big markdowns
Walmart Rollback pricing signs are displayed while customers shop during the grand opening of a new Wal-Mart Stores location in Torrance, California. Patrick Fallon | Bloomberg | Getty Images Walmart won’t be doing its own event to rival Amazon Prime Day this year, according to a company spokesperson. The big-box giant, like other retailers, has […]
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U.S. safety regulators to probe crash involving self-driving car from GM-backed Cruise
A robot car of the General Motors subsidiary Cruise is on a test drive in 2019. Andrej Sokolow | picture alliance | Getty Images Federal vehicle safety regulators will investigate a crash last month in which a vehicle struck a self-driving car from General Motors-backed Cruise. The incident resulted in minor injuries. The National Highway […]
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Amazon’s bid to put cargo hub at Newark airport is halted
Amazon workers, environmental advocates, labor groups, and small business owners participate in a rally and news conference to protest plans for a new Amazon air cargo mega-hub at the Newark International Airport on October 6, 2021 in Newark, New Jersey. Spencer Platt | Getty Images Amazon’s plans to put a regional cargo hub at Newark […]
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Citi upgrades Deere to buy, says machinery stock is ‘attractive’ even in a downturn
Shares of Deere are a buy even as growing recession concerns hit machinery stocks, according to Citi. The firm cut estimates and reduced price targets across the board for the group to reflect a broader slowdown. But shares of Deere were upgraded to buy from neutral, with Citi analyst Timothy Thein saying in a Thursday […]
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Dallas Cowboys criticized for announcing partnership with Black Rifle Coffee after mass shooting
Owner Jerry Jones of the Dallas Cowboys attends training camp at River Ridge Complex on July 24, 2021 in Oxnard, California. Jayne Kamin-oncea | Getty Images The Dallas Cowboys are facing a backlash after the football team announced a partnership with gun-themed coffee company a day after the deadly shooting in Highland Park, Illinois. The […]
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James Caan, veteran ‘Godfather’ and ‘Elf’ actor, dies at 82
Actor James Caan attends Humane Society of The United States’ annual To The Rescue! Los Angeles benefit at Paramount Studios on April 22, 2017 in Hollywood, California. Jason Laveris | Filmmagic | Getty Images Movie tough guy James Caan, best known for his work in such big-screen classics as “The Godfather,” “Misery” and “Elf,” died […]
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Donald Trump left the board of his social media company weeks before federal subpoenas
The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Former president Donald Trump left the board of his social media company just weeks before it was issued subpoenas by the Securities […]
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RBC downgrades Boston Beer, cuts price target on waning popularity of Truly hard seltzer
Boston Beer has “too much to overcome” for now as the popularity of hard seltzer fizzles out, and as it fails to innovate on new products, according to RBC Capital Markets. Analyst Nik Modi downgraded shares of Boston Beer to sector perform from outperform, saying in a Thursday note that weak sales of its hard […]
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Gasoline futures are dropping, which could mean more relief at the pump
Brie Olootu pumps gas at an Exxon Mobil gas station on June 09, 2022 in Houston, Texas. Gas prices are breaching record highs as demand increases and supply fails to keep up. Brandon Bell | Getty Images Prices at the pump have retreated from June’s never-before-seen levels but remain stubbornly high. Some relief could be […]
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