The Daily Factum
Deprogramming the News
Breaking News
Lululemon Reports Strong Q3 Results but Forecasts Lower Holiday Quarter Sales
Broke On: Thursday, 07 December 2023Lululemon earned $249 million in the third quarter, slightly lower than the previous year. The company forecasts holiday quarter sales to fall between $3.14 billion and $3.17 billion, lower than analysts' expectations. Lululemon expects fourth-quarter revenue to grow by 13% to 14% and 2023 revenue to grow by 18%. Lululemon announced a $1.0 billion share repurchase program. California Grapples with Record $68 Billion Budget Deficit
Broke On: Thursday, 07 December 2023California is facing a record $68 billion budget deficit, the largest in its history. The deficit is due to a combination of factors, including a slump in hiring and homebuying, rising prices, economic slowdown, and misjudged tax collections. Governor Newsom is seeking major changes to a healthcare wage law, which would raise the minimum wage for healthcare workers to $25 an hour. 82nd Anniversary of Pearl Harbor Attack Commemorated Across the U.S.
Broke On: Thursday, 07 December 2023The National World War II Museum in New Orleans commemorated the 82nd anniversary of the Pearl Harbor attack with a display of artifacts, photos, and personal accounts. President Joe Biden issued a proclamation declaring December 7 as National Pearl Harbor Remembrance Day. Centenarian survivors of the Pearl Harbor attack attended the commemorations, sharing their experiences and stories. Former La Habra Police Chief Sentenced to Over 11 Years for Role in Capitol Riot
Broke On: Thursday, 07 December 2023Alan Hostetter, a former police chief from La Habra, California, has been sentenced to over 11 years in prison for his involvement in the January 6th Capitol riot. Hostetter was convicted of multiple felonies, including conspiracy to obstruct an official proceeding and disorderly conduct. During his sentencing, Hostetter praised Republican presidential candidate Vivek Ramaswamy's suggestion that the Jan. 6 attack could have been an 'inside job.' Hostetter has announced plans to appeal his conviction. TSMC and Arizona Labor Unions Reach Agreement, Resolving Disputes at Phoenix Chip Plant
Broke On: Wednesday, 06 December 2023TSMC and Arizona labor unions have reached an agreement to resolve labor disputes at TSMC's chip plant construction site in Phoenix. The agreement comes after months of negotiations between TSMC and the Arizona Building and Construction Trades Council. The complex represents the largest single foreign direct investment in Arizona's history and will create thousands of permanent jobs. Hayley Erbert, Wife of Derek Hough, Undergoes Emergency Craniectomy
Broke On: Thursday, 07 December 2023Hayley Erbert was diagnosed with a cranial hematoma and required an emergency craniectomy. Derek Hough expressed gratitude to the first responders and medical personnel and asked for prayers and positivity. Their dance tour has been postponed, and it is unclear if the remaining tour dates will proceed as planned. Global Stock Markets Fluctuate Amid Labor Market Data and Federal Reserve Rate Policy Speculations
Broke On: Monday, 04 December 2023Tech stocks led the major averages higher, with the Nasdaq Composite rising nearly 1.4%. The latest weekly jobless claims data revealed that 220,000 claims were filed in the week ending Dec. 2. Global stocks have been retreating as investors await further labor market data. Crude prices are lower due to investor skepticism over the latest OPEC+ decision on supply cuts and uncertainty surrounding global fuel demand. U.S. stock futures were little changed early Thursday as global bond yields rose and traders eyed two more jobs reports that may impact the chances of the Fed cutting interest rates next year. National Retail Federation Retracts Claim on Organized Retail Crime's Impact on Inventory Losses
Broke On: Wednesday, 06 December 2023The National Retail Federation (NRF) has retracted a claim that organized retail crime accounted for nearly half of all inventory losses in 2021. The claim was based on two-year-old testimony from Ben Dugan, former president of the advocacy group Coalition of Law Enforcement and Retail. Retailers have difficulty quantifying losses from organized retail crime, which involves thieves working in groups to steal merchandise and resell it on the black market. Global Bond Market Pauses as Investors Await US Jobs Report
Broke On: Thursday, 07 December 2023The global bond market has paused ahead of the US jobs report Japanese debt slumped after a weak auction and comments from the central bank governor Traders are betting on rate cuts by major central banks next year US labor market is being held back by high interest rates African Honeyguide Birds Respond to Local Human Calls in Mutualistic Relationship
Broke On: Thursday, 07 December 2023The Greater Honeyguide bird in Africa responds to the distinct calls of local human honey foragers, leading them to honey sources. This mutualistic relationship is a rare example of collaboration between humans and wild animals. Honeyguides learn the calls from their elders, mirroring the way human foragers pass down knowledge. Honeyguides are more responsive to local calls used by honey-hunters from their respective regions.