In this article LEVI An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019. David Paul Morris | Bloomberg | Getty Images Levi Strauss & Co. on Thursday reported a double-digit sales decline for its fiscal first quarter, as ongoing
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The Netherlands is the world’s second-largest exporter of food. But right now, its livestock sector is facing a controversial environmental challenge: reducing its nitrogen emissions. Along with that, farmers also have some tough longer-term climate change targets to hit. The FT’s Mehreen Khan finds out how they’re tackling the problems and whether their strategies are
In this article DIS New superhero recruits will be able to experience Disneyland’s Avenger Campus on June 4, Disney said during a theme park webcast Thursday. The new area is an extension to Disney’s California Adventure theme park in Anaheim, California and features Marvel’s mightiest heroes from Earth and the stars. “What I can tell
New York Governor Andrew Cuomo speaks at Rochdale Village Community Center in Queens, New York, on April 5, 2021. Brendan McDermid | AFP | Getty Images The highest-earning New Yorkers are about to be hit with a tax hike. The New York state Senate and Assembly late Wednesday passed a $212 billion budget proposal after
Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020. George Frey | Bloomberg via Getty Images Plaid raised a new round of capital that nearly triples its valuation a few months after a deal to be bought by Visa fell
Gone are the days when booking a private jet required a long conversation on the phone. Now, mobile apps let flyers book charter flights in a matter of minutes. Major players in private aviation, as well as emerging competitors, now have apps. Many follow a similar process: Customers choose where they’re coming from and their
A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short sellers. Paul Weaver | LightRocket | Getty Images Check out the companies making headlines in midday trading. Costco – The retailer’s
A United Airlines Holdings Inc. pilot walks past the check-in counter at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Thursday, Oct. 1, 2020. David Paul Morris | Bloomberg | Getty Images A rare sighting in the aviation industry over the past year is becoming more common: help wanted signs. Several U.S.
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a delay Wednesday to two debt-collection rules issued in the waning days of the Trump administration. Those rules broadly addressed how debt collectors may communicate with and make disclosures to consumers. Kathy Kraninger, the former CFPB head during the Trump administration, said the measures
Win McNamee | Getty Images News | Getty Images Taxes on retirement savings are inevitable — it’s really a question of now or later. President Joe Biden’s tax plan may make it better to pay Uncle Sam now. Taxpayers can do that by saving in a Roth account or converting a traditional, pre-tax account to
Larry Connor The Connor Group Larry Connor, the leader of eponymous Ohio-based real estate firm The Connor Group, earlier this year signed on to fly to the International Space Station. But first, before beginning his astronaut training, Connor will dive to the bottom of the ocean. Connor is partnering with deep sea specialist EYOS Expeditions
In this article JPM Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images Democrats pushing for a repeal of the SALT cap have an unlikely opponent: Jamie Dimon. In his annual shareholder letter, the chairman and CEO of JPMorgan Chase took aim at a host of carve-outs
Investors should be able to take advantage of bullish momentum in tech stocks for at least the next couple of months. In my last post on the subject on Feb. 4, the takeaway was “tech’s reign of relative dominance has come to an end.” The tech sector as measured by the XLK ETF went on
In this article OKTA Okta sees big growth ahead as it expands its service offerings. The cybersecurity company said Wednesday it expects revenue for the fiscal year to grow by 30% as it unveiled two new products, one in “privileged access management” and another in “identity governance and administration.” Privileged access seeks to protect data
Customer Tamara Jenkins tries on a hat with Meeka Robinson Davis, owner of One-Of-A-Kind Hats, at the store in the Windsor Hills neighborhood of Los Angeles on Nov. 24, 2020. Patrick T. Fallon | AFP | Getty Images Small businesses are realizing they might not have much time to tap the Paycheck Protection Program as
Getty Images A fourth batch of more than 25 million $1,400 stimulus payments has been sent, and this time Social Security beneficiaries received most of the money. The IRS announced on Wednesday that new stimulus checks totaling more than $36 billion had been issued. Those payments began processing on Friday, April 2, and had an
An illustration of the SpaceMobile satellite constellation. AST SpaceMobile Shares of satellite-to-smartphone broadband company AST SpaceMobile began trading on the Nasdaq on Wednesday, with the company the first among a flurry of recent space companies to close its SPAC deal. AST SpaceMobile trades under the ticker ASTS, with shares previously listed under the SPAC New
Sawitree Pamee / EyeEm | EyeEm | Getty Images The recent ascent of bitcoin and other cryptocurrencies has enriched early investors with returns more akin to the lottery than your typical bread-and-butter investment. After all, a $10,000 investment at $100 per bitcoin would currently be worth an estimated $5 million. Of course, when an asset
Take a look at some of the biggest movers in the premarket: Beyond Meat (BYND) – Beyond Meat announced the opening of a new manufacturing facility in China, its first outside the United States. The plant-based food company said the new factory would significantly increase its ability to deliver products in the region. Beyond Meat
In this article DAI-DE Mercedes-Benz can brag that it gave the world the first production automobile. It has long been an innovator, a relentless pursuer of quality and engineering excellence. Many consumers say owning a Mercedes-Benz is a sign they have finally made it in life. It is considered one of the most aspirational brands
Lightning Ridge is a small mining town outside of New South Wales, Australia renowned for its black opal, which can sell for over $10,000 per carat. But even for an expert miner, finding high-quality black opal isn’t easy. After investing tens of thousands of dollars, a miner might not find a single gem. But as
Are you stuck at your desk dreaming of another working life? Many consider switching careers but few are brave enough to do it. The FT’s Emma Jacobs wants to know what it’s like to leave a job as a teacher and enter the very different world of coding or software programming, and how to do
Jeff Greenberg | Universal Images Group | Getty Images Around 1 in 10 people have fallen victim to gift card scams, according to a survey from AARP, the advocacy group for older Americans. In these scams, criminals convince targets that they need to purchase a gift card, sometimes called an electronic voucher, to pay bills,
Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York. Michael Nagle | Bloomberg | Getty Images The night before the Archegos Capital story burst into public view late last month, the fund’s biggest prime broker quietly unloaded some of its risky positions to hedge funds, people with
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock index futures advanced during overnight trading, after the major averages finished Tuesday’s session in the red. Futures contracts tied to the Dow Jones Industrial Average gained 27 points. S&P 500 futures rose 0.05%, while Nasdaq 100 futures were up 0.04%. The
In this article GM The new 2019 Chevrolet Silverado 1500 makes its official debut at the 2018 North American International Auto Show January 13, 2018 in Detroit, Michigan. Bill Pugliano | Getty Images DETROIT – Shares of General Motors reached a new record during intraday trading Tuesday after the automaker confirmed plans to produce an
Guido Mieth | DigitalVision | Getty Images (State of financial education: Many money problems Americans face could have been avoided if financial literacy was taught earlier in school. That knowledge helps create a foundation for students to build strong money habits early and avoid many mistakes that lead to a lifelong of money struggles. This story is part of
bymuratdeniz | iStock | Getty Images That early withdrawal from your retirement account last year may have been a life saver. Now, it’s time to start paying the taxman. Most retirement savers did not take a distribution under legislation that authorized penalty-free early withdrawals amid the pandemic. However, for those who did, the majority (69%)
David Solomon, the CEO of Goldman Sachs, speaks during the Bloomberg Global Business Forum in New York, September 25, 2019. Shannon Stapleton | Reuters Goldman Sachs, Starbucks and a range of other organizations across the U.S. announced Tuesday a collaborative effort aimed at narrowing the racial wealth gap between Black and white Americans. The initiative,
JGI | Getty Images The IRS is automatically recalculating and refunding money to Americans who filed their tax returns without claiming a new tax break on unemployment benefits. However, taxpayers will have to file an amended tax return, in some cases, to get their maximum refund. That situation applies to people who, thanks to the