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  • Reuters

    Levi Strauss cuts 2022 profit forecast on inflationary pressures, strong dollar

    Levi Strauss & Co cut its full-year profit forecast on Thursday, as decades-year high inflation hits consumer spending and a strengthening U.S. dollar adds to worries alongside higher costs. Consumers are increasingly prioritizing their spending on essentials and shifting focus away from higher-priced products and clothes due to high inflation, affecting Levi's and other apparel makers such as Abercrombie & Fitch Co and Gap Inc. The jeans maker, which has been battling supply chain disruptions since the pandemic began and now further strained due to the Russia-Ukraine war, has been raising prices of its denims as Levi's aims to battle rising costs.

  • Yahoo Finance

    Stock market news live updates: Stocks fall as September jobs report looms

    U.S. stocks sank again on Thursday after a dramatic two-day rally that kicked off the quarter sputtered. Investors await the Labor department's jobs report due out Friday morning.

  • Business Wire

    AM Best Comments on Credit Ratings of Talcott Resolution Life, Inc. and Its Subsidiaries Following Reinsurance Announcement

    OLDWICK, N.J., October 06, 2022--AM Best has commented that the Credit Ratings (ratings) of Talcott Resolution Life, Inc. (Delaware) and its insurance subsidiaries, Talcott Resolution Life Insurance Company (TRL) (Windsor, CT) and Talcott Resolution Life and Annuity Insurance Company (Windsor, CT) (collectively known as TRG), remain unchanged following the Oct. 6, 2022, announcement of a reinsurance transaction between TRL and Guardian Insurance & Annuity Company, Inc. (GIAC), a wholly owned sub