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Brady Buys U.K.-based Magicard For About GBP 42 Mln – Quick Facts

Veterans Group Hits Josh Hawley With A Damning New Nickname

Sen. Josh Hawley has a blistering new moniker, “Hate Crime Hawley.”

Progressive PAC VoteVets debuted the damning nickname for the Missouri Republican in an online ad released Thursday.

The group, which works to elect Democratic veterans to Congress, used the spot to call out Hawley’s opposition last month to the COVID Hate Crimes Act, legislation that seeks to combat anti-Asian hate crimes.

Hawley was the only senator to vote against the bill.

The House passed the legislation Tuesday. It will now head to President Joe Biden’s desk to be signed.

The video also noted how Hawley’s first political ad “was a xenophobic attack on Asians” and how his role model is ex-President Donald Trump, whose incendiary rhetoric has been linked to an uptick in anti-Asian hate.

“Hate Crime Hawley, it’s right on brand,” the narrator says.

On Twitter, the group said Hawley “doesn’t even try to hide his white supremacy.”

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Opinion: Simone Biles’ new vault move pushes boundaries and motivates her for Olympics

SPRING, Texas — Simone Biles is never quite sure how many world championships medals she has. Ask how many skills are named after her, and she has to think about it.

So more titles and accolades were not what brought the four-time Olympic champion back to gymnastics after a layoff following the Rio Games.

“I had already reached, and passed, all my expectations in the sport already. So going back to, in 2018, worlds, and in 2019, I was kind of like, 'OK, I don’t really have anything to lose at this point. I’ve already stamped my status on the sport,' " Biles said told USA TODAY Sports last month.

“But I’m going to push myself to see how much further I can go in the sport.”

Biles returns to competition Saturday for the first time since the 2019 world championships, where she became the most-decorated gymnast, male or female, with 25 medals.

Gold Set For Third Weekly Gain Amid Taper Talk

Gold prices steadied on Friday, but were on track for a third straight weekly gain as the dollar continued to trend down amid rising inflation expectations and concerns about taper talk.

Spot gold edged up 0.1 percent to $1,878.30 an ounce, while U.S. gold futures were down 0.2 percent at $1,878.65.

The dollar hovered around recent lows and U.S. Treasury yields drifted lower early on Friday after a manufacturing survey from the Philadelphia Fed fell more than expected in May.

The Philadelphia Fed Manufacturing Index fell to 31.5 in May from 50.2 in April. Economists had forecast a score of 43.

Risk sentiment improved somewhat as investors shifted their focus from inflation to economic recovery.

European PMIs as well as U.K. retail sales figures released earlier in the day pointed to an economic recovery in the region.

Canada retail sales for March and wholesale sales for April and U.S. existing home sales for the same month will be published in the New York session.

Video appears to show new violence at the al-Aqsa mosque in East Jerusalem on the first day of the Israel-Hamas cease-fire

Footage on the ground appears to show new clashes at the al-Aqsa mosque in East Jerusalem on Friday, the first day of a cease-fire between Israel and Hamas after two weeks of air attacks.

A video tweeted by Arwa Ibrahim, a journalist with Al Jazeera, shows crowds of people attempting to flee as loud bangs ring out and smoke emanates from inside the compound.

Insider has not been able to independently verify the footage.

Ibrahim reported that Israeli forces entered the mosque and fired tear gas and stun grenades at worshippers. Al Jazeera reported, citing medical sources, that 15 people were wounded.

Micky Rosenfeld, a spokesman for the Israeli police, told Agence France-Presse that the officers had been responding to Palestininans throwing rocks at officers, per the BBC.

The cease-fire came into effect at 2 a.m. local time Friday, and came after Hamas sent thousands of rockets in Israel’s direction and the Israeli military responded by pummeling Gaza with airstrikes. Dozens of people, mostly in Gaza, have died as a result of the fighting.

 

VF Corp. Guides FY22 Above Estimates – Quick Facts

While reporting financial results for the fourth quarter on Friday, VF Corp. (VFC) initiated its adjusted earnings and revenue guidance for the full-year 2022.

For fiscal 2022, the company now projects adjusted earnings to be approximately $3.05, including an approximate $0.25 contribution from the Supreme brand.

The company also now expects full-year revenues to be approximately $11.8 billion, reflecting growth of approximately 28 percent, including an approximate $600 million contribution from the Supreme brand.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.02 per share on revenues of $11.41 billion for the year. Analysts’ estimates typically exclude special items.

Further, VF’s Board of Directors declared a quarterly dividend of $0.49 per share, payable on June 21, 2021, to shareholders of record on June 10, 2021. Subject to approval by its Board of Directors, VF intends to continue to pay its regularly scheduled dividend.

Brady Buys U.K.-based Magicard For About GBP 42 Mln – Quick Facts

Brady Corp. (BRC) announced Friday that it has acquired U.K.-based Magicard Ltd. for approximately 42 million British pounds or $59 million. Brady will fund the transaction with cash held outside the United States.

Magicard, with forecasted sales of approximately 23 million pounds or approximately $32 million for the year ending December 31, 2021, is a pioneer of ID card-printing technologies with a full range of desktop devices to meet a wide variety of local, on-demand, secure ID card issuance requirements.

Brady is a leader in high-performance niche application industrial printers and materials. The acquisition of Magicard allows Brady to expand its product offering into rigid-card printing and encoding.

Magicard has a complementary product offering that allows Brady to offer new printing capabilities to a diverse set of customers and industries. It also intends to expand Magicard’s addressable market through Brady’s global footprint throughout Europe, Asia and the Americas.

Excluding one-time acquisition-related costs, Brady expects this acquisition to be slightly accretive to earnings per diluted share for the remainder of the fiscal year ending July 31, 2021.