Justin Sullivan | Getty Images 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 […]
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‘Make them riot’ — Trump election case judge unseals special counsel motion on immunity
Republican presidential nominee and former U.S. President Donald Trump makes a campaign stop at manufacturer FALK Production in Walker, Michigan, U.S. September 27, 2024. Brian Snyder | Reuters A federal judge on Wednesday unsealed a motion by Special Counsel Jack Smith detailing evidence against former President Donald Trump in his […]
No need to sell this AI data center play ahead of earnings — and updates on 3 more industrial stocks
Deutsche Bank is striking a cautious tone on Dover ‘s stock ahead of the industrial conglomerate’s upcoming earnings report. Jim Cramer is saying don’t fall for it. The firm’s wariness on Dover lands not long after the Federal Reserve began its rate-cutting cycle – generally seen as a positive development for economically […]
Crude oil holds gains as Israel vows ‘painful’ response to Iran missile attack
U.S. crude oil held to gains Wednesday as Israel vowed to respond to an Iranian missile attack, though prices have come off session highs due to a bearish stockpile build in the U.S. U.S. oil stockpiles rose by 3.9 million barrels last week while gasoline inventories increased by 1.1 million […]
Diamond Sports looks to drop 11 MLB teams from Bally Sports regional networks
A microphone with the Bally logo is used for a post game interview following the Atlanta Braves 3-0 victory over the Minnesota Twins at Truist Park on June 28, 2023 in Atlanta, Georgia. Todd Kirkland | Getty Images Major League Baseball is out of here. Diamond Sports — the owner […]
After a decade of Elon Musk promising Tesla robotaxis, here’s what we know
For a decade, Elon Musk has championed the idea that one day Tesla cars will drive themselves as robotaxis. Next week, the company will unveil the design of its autonomous cabs. Despite years of bold predictions and missed deadlines, fans of the company are holding out hope that Musk will […]
Why your Roth IRA conversions could have ‘unintended’ tax consequences
Baona | E+ | Getty Images As year-end approaches, you may be eyeing Roth individual retirement account conversions. The strategy, however, boosts your income, which can have other tax consequences, experts say. Roth conversions shift pretax or nondeductible IRA funds to a Roth IRA, which provides future tax-free growth. But […]
How much money you need to retire comfortably in every U.S. state
Where you retire can be almost as important as the amount of money you’ve saved, given how much the cost of living varies from state to state. The annual cost of a comfortable retirement can differ by as much as $67,981 depending on where you settle, according to a recent […]
Costco adds platinum bars to its precious metals lineup
Zoom In IconArrows pointing outwards Source: Costco Costco continues to chip away at the gold mine that is the precious metals market. The wholesaler is adding Swiss-made platinum bars to its selection. Costco on Wednesday announced the 1-ounce platinum bars, on sale for $1,089.99 on its website alongside its now-famed […]
OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round
OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech companies. While OpenAI didn’t name the investors in Wednesday’s press release, a person with knowledge of the matter said the […]