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Rep. Mike Johnson’s Largest Donor Was AIPAC. He’s Trying to Cut Free Tax Filing to Send Weapons to Israel.

Published Tue, 05 Nov 2024 10:40:05 GMT

The American Israel Public Affairs Committee, or AIPAC, was the top donor to Rep. Mike Johnson during his most recent campaign, chipping in $25,000 between 2021 and 2022, according to an OpenSecrets analysis of his political contributors. Johnson’s first order of business as speaker of the House is to seek budget cuts in exchange for a $14 billion aid package for Israel.The Louisiana Republican’s proposal for the aid to Israel, which comes as the country continues its unchecked bombardment of Gaza, would strip $14 billion from the Internal Revenue Service, including for a program the agency is developing to allow Americans to file their taxes for free.AIPAC, for its part, is pushing Congress to provide additional funding to Israel amid the ongoing war. In an ominous statement on Monday, AIPAC tweeted, “We strongly support the measure to fully fund critical security assistance for Israel in its fight to destroy Hamas. We recognize that this is the first step in a process t...

GOP Representative Denies Existence of “Innocent Palestinian Civilians” and Tries to Hobble Aid to Gaza

Published Tue, 05 Nov 2024 10:40:05 GMT

Congress is considering a bill that would significantly slow down humanitarian aid to the Gaza Strip amid ongoing airstrikes and a ground invasion by Israel that have left at least 8,000 dead and strained critical resources in the already besieged Palestinian territory.The debate over the bill comes two weeks after its sponsor said U.S. officials should make all efforts to slow down any humanitarian aid to Palestinians in Gaza and suggested that there is no distinction between civilians — including children — and the militant group Hamas that massacred some 1,300 Israelis in an October 7 surprise attack.The original text in the bill — the Hamas International Financing Prevention Act, or H.R. 340 — allowed a humanitarian exemption to provide food, medicine, and medical devices to civilians in Gaza. During committee markup, Rep. Brian Mast, R-Fla., the sponsor, offered an amendment to remove the language and replace it with a provision that would require President Joe Biden to issue a...

Faro Technologies: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 10:40:05 GMT

LAKE MARY, Fla. (AP) — LAKE MARY, Fla. (AP) — Faro Technologies Inc. (FARO) on Wednesday reported a loss of $8.8 million in its third quarter.The Lake Mary, Florida-based company said it had a loss of 46 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 2 cents per share.The computer-aided measurement and imaging devices and software company posted revenue of $86.8 million in the period.For the current quarter ending in December, Faro Technologies expects its per-share earnings to range from 18 cents to 34 cents.The company said it expects revenue in the range of $92 million to $100 million for the fiscal fourth quarter._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FARO at https://www.zacks.com/ap/FAROSource

Franklin Covey: Fiscal Q4 Earnings Snapshot

Published Tue, 05 Nov 2024 10:40:05 GMT

SALT LAKE CITY (AP) — SALT LAKE CITY (AP) — Franklin Covey Co. (FC) on Wednesday reported fiscal fourth-quarter profit of $6.8 million.On a per-share basis, the Salt Lake City-based company said it had profit of 49 cents.The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 49 cents per share.The corporate training and consultanting company posted revenue of $78 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $81.6 million.For the year, the company reported profit of $17.8 million, or $1.24 per share. Revenue was reported as $280.5 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FC at https://www.zacks.com/ap/FCSource

Axcelis: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 10:40:05 GMT

BEVERLY, Mass. (AP) — BEVERLY, Mass. (AP) — Axcelis Technologies Inc. (ACLS) on Wednesday reported third-quarter profit of $65.9 million.The Beverly, Massachusetts-based company said it had profit of $1.99 per share.The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.The semiconductor services company posted revenue of $292.3 million in the period.For the current quarter ending in December, Axcelis said it expects revenue in the range of $295 million.The company expects full-year revenue of $1.1 billion.Axcelis shares have increased 61% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $127.50, more than doubling in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACLS at https://www.zacks.com/ap/ACLSSource

C.H. Robinson: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 10:40:05 GMT

EDEN PRAIRIE, Minn. (AP) — EDEN PRAIRIE, Minn. (AP) — C.H. Robinson Worldwide Inc. (CHRW) on Wednesday reported third-quarter profit of $81.9 million.On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of 68 cents. Earnings, adjusted for restructuring costs, came to 84 cents per share.The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.The trucking company posted revenue of $4.34 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $4.37 billion._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHRW at https://www.zacks.com/ap/CHRWSource

Northern Oil and Gas: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 10:40:05 GMT

MINNETONKA, Minn. (AP) — MINNETONKA, Minn. (AP) — Northern Oil and Gas Inc. (NOG) on Wednesday reported third-quarter earnings of $26.1 million.On a per-share basis, the Minnetonka, Minnesota-based company said it had net income of 28 cents. Earnings, adjusted for non-recurring costs, came to $1.73 per share.The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.The independent oil and gas company posted revenue of $314 million in the period. Its adjusted revenue was $511.7 million, beating Street forecasts. Seven analysts surveyed by Zacks expected $504 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NOG at https://www.zacks.com/ap/NOGSource

Revolve Group: Q3 Earnings Snapshot

Published Tue, 05 Nov 2024 10:40:05 GMT

CERRITOS, Calif. (AP) — CERRITOS, Calif. (AP) — Revolve Group Inc. (RVLV) on Wednesday reported third-quarter net income of $3.2 million.On a per-share basis, the Cerritos, California-based company said it had net income of 4 cents.The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.The online women’s fashion retailer posted revenue of $257.6 million in the period, which beat Street forecasts. Nine analysts surveyed by Zacks expected $255.1 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RVLV at https://www.zacks.com/ap/RVLVSource

Coldest night of the season — by far — expected Wednesday in DC region

Published Tue, 05 Nov 2024 10:40:05 GMT

Don’t let the leftover Halloween décor fool you. It may only be Nov. 1, but Wednesday night is expected to bring an early taste of winter, with the coldest temperatures of the season so far prompting a freeze warning in the D.C. area.Wednesday was already shaping up to be the coolest day this week with temperatures forecast to be in the 30s to 40s during the evening hours and wind gusts up to 30 mph. Highs during the day only reached around 50 degrees — far below the average high for this time of year of 62 degrees.“Don’t be fooled by the sunshine this afternoon. Even though we’ll see a lot of it, it is going to be very very chilly,” said 7 News First Alert Meteorologist Steve Rudin.After dark, lows are expected to dip into the 20s and 30s making it easily the coldest night of the season so far and winds will calm down to 2-5 mph.That chill has prompted the National Weather Service to issue a freeze warning for the D.C. area for effect Thursday morning ...

DC Council works on cracking down on consequences for convicted drunken drivers

Published Tue, 05 Nov 2024 10:40:05 GMT

During a hearing Wednesday morning on new bills aimed at cracking down on dangerous driving, the D.C. Council expressed concern over a lack of enforcement of a current law to prevent drunken driving.As council members were preparing for a hearing on four proposed bills to keep dangerous drivers off District streets, it was discovered that only eight D.C. residents convicted of driving under the influence have interlocking devices on their vehicles.The other 335 people who are required to have them to drive, do not have them installed.“Three-hundred and thirty-five people fell through the cracks here,” said D.C. Council member Charles Allen.D.C. made the Breathalyzer ignition program mandatory for drunken driving offenses last year in order to get a reinstated license. The driver must blow into the device and if their breath alcohol level is at 0.020 or above, the vehicle will not start.“We’ve got to crack down on this a lot harder and a lot faster, with a muc...