Levi Strauss stock jumps after boosting forecast

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Shares of Levi Strauss (LEVI) are jumping on Wednesday in after-hours trading after the company posted its first-quarter earnings, revealing revenue of $1.56...

are jumping on Wednesday in after-hours trading after the company posted its first-quarter earnings, revealing revenue of $1.56 billion, which was in line with expectations. The apparel company also raised its full-year adjusted earnings per share forecast and noted that its direct-to-consumer business accounts for almost 50% of all revenue.break down the latest development for Levi Strauss and give insight into what that could mean for the company moving forward.

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Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead it lost in recent years to Taiwan Semiconductor Manufacturing. Intel said the manufacturing unit had $7 billion in operating losses for 2023, a steeper loss than the $5.2 billion in operating losses the year before. Intel shares were down 4.3% after the documents were filed with the U.S. Securities and Exchange Commission .

Here's how much Americans have saved up in their retirement accounts by age — are you ahead or way behind?Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed. Tech companies, retailers and more have all begun shedding members of their workforce in a bid to navigate the economic downturn.

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