
Royal Enfield Maker Dodged US Tariffs With Early Shipments from India
Eicher Motors Ltd., the owner of the cult brand founded in the UK at the start of the last century, shipped nearly 9,000 motorcycles to the US — compared with about 6,000 units it typically sells in North America a year — just before Trump announced a 25% duty on automobile and automotive parts imports on March 26, said the people, asking not to be identified citing rules.
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Yahoo
a minute ago
- Yahoo
This Top Warren Buffett Stock Continues to Deliver an Impressive Performance
Key Points Occidental Petroleum is one of Berkshire Hathaway's largest holdings. The oil company recently reported solid second-quarter results. It's making excellent progress on its plans to repay debt and grow shareholder value. 10 stocks we like better than Occidental Petroleum › Warren Buffett's company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), continues to be a big believer in Occidental Petroleum (NYSE: OXY). It's easy to see why when looking at the oil giant's recently reported second-quarter results. The company delivered strong performance across the board despite lower oil and gas prices during the period. This consistent execution, even amid market volatility, gives Occidental Petroleum a solid foundation to grow shareholder value for Berkshire Hathaway and other investors in the years ahead. Drilling down into Occidental Petroleum's second-quarter results Occidental Petroleum produced $396 million, or $0.39 per share, of adjusted income during the second quarter. That was down from the $860 million, or $0.87 per share, it earned in the first quarter. The culprit was lower commodity prices. Occidental posted $934 million of pre-tax income in its oil and gas segment, down from $1.7 billion in the first quarter, due primarily to lower oil and gas prices. The average global price of crude oil was 10% below the first quarter's level, while the price of domestic natural gas tumbled 45%. Despite these lower prices, Occidental delivered higher volumes and strong results from its midstream and marketing segment. The company produced 1.4 million barrels of oil equivalent (BOE) per day, exceeding the mid-point of its guidance, while midstream and marketing earnings came in above the high-end of expectations. The company's chemicals business (OxyChem) also delivered solid results that were on par with its first-quarter performance. Additionally, strong well performance and enhanced operational efficiency supported robust cash generation. Operating cash flow before working capital adjustments was $2.6 billion, and free cash flow totaled $700 million, both slightly lower than the previous quarter. More progress on its debt-reduction plan Occidental Petroleum used its healthy free cash flow to pay its dividend and reduce debt. The company also continued to sell noncore assets to accelerate its debt-reduction efforts. It has secured $950 million of additional asset sales since the start of the second quarter. Those sales included $370 million of noncore and select non-operating Permian Basin upstream assets that closed during the quarter. Occidental also recently agreed to sell some gas-gathering assets in the Midland Basin to midstream company Enterprise Products Partners for $580 million. Those sales added to the $1.3 billion of noncore-asset sales it closed during the first quarter. The company has now agreed to sell $4 billion of assets since announcing its deal for CrownRock in late 2023, which has it closing in on the low end of its $4.5 billion to $6 billion target range. The energy company has used a combination of excess free cash and asset-sale proceeds to repay $3 billion of debt so far this year. Since July 2024, it has retired $7.5 billion of debt, saving it $410 million in annual interest expenses. The company has now significantly exceeded its target of delivering at least $4.5 billion of debt reduction within a year of closing its CrownRock deal. More positive catalysts ahead Occidental expects to continue using its excess free cash flow after paying dividends and noncore-asset sales to repay debt. It still has approximately $1.6 billion of 2026 debt maturities to address, as well as another $1.5 billion coming due in 2027. The company shouldn't have a problem paying off that debt, given the anticipated surge in its free cash flow from non-oil sources. The company estimates that a combination of interest expense savings, incremental earnings from upcoming chemicals projects, and midstream contract expirations will boost its free cash flow by $1 billion in 2026 and by an additional $500 million in 2027. As its debt continues to fall, Occidental will be positioned to return more cash to investors, beyond its dividend. It plans to eventually resume share repurchases and the redemption of Berkshire's preferred equity investment that it made in 2019 to support the company's acquisition of Anadarko Petroleum. A well-oiled machine Warren Buffett's Berkshire Hathaway has made a major bet on Occidental's ability to execute its plans to grow shareholder value. The company owns nearly 27% of the oil company's outstanding shares. That position is worth almost $12 billion (approximately 4% of Berkshire's investment portfolio), making it the seventh-largest holding. Occidental's strong second-quarter showing and progress on its debt-reduction plan prove that Buffett's company has made a smart investment. The oil company is in an excellent position to grow shareholder value in the future, despite the continued volatility of crude oil prices. Should you buy stock in Occidental Petroleum right now? Before you buy stock in Occidental Petroleum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Occidental Petroleum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,427!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,119,863!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Matt DiLallo has positions in Berkshire Hathaway and Enterprise Products Partners. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool recommends Enterprise Products Partners and Occidental Petroleum. The Motley Fool has a disclosure policy. This Top Warren Buffett Stock Continues to Deliver an Impressive Performance was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a minute ago
- Yahoo
The Donald Trump Administration Aims to Kickstart a New Social Security Garnishment "Sometime This Summer" -- Will Your Benefit Be Cut?
Key Points Social Security income isn't a luxury for most beneficiaries -- it's an absolute necessity to make ends meet. An estimated 452,000 delinquent federal student loan borrowers who are currently receiving a Social Security check can soon expect a portion of their monthly payout to be garnished. However, a majority of borrowers who are in arrears on their payments may have legal options to completely waive or reduce their repayment liability. The $23,760 Social Security bonus most retirees completely overlook › No government program has played a bigger role in financially supporting Americans than Social Security. In 2023, an estimated 22 million people were pulled above the federal poverty line by their Social Security income, 16.3 million of whom were aged 65 and over, according to the Center on Budget and Policy Priorities. If this program didn't exist, the poverty rate for retirees would jump nearly fourfold to an estimated 37.3%. Getting as much as possible out of Social Security isn't a luxury for most beneficiaries -- it's nothing short of a necessity. But for some of the nearly 70 million people who receive a monthly benefit from America's leading social program, their payout is facing a sizable cut. Beginning July 24, Social Security garnishment recommenced for more than an estimated 1,000,000 beneficiaries who've been overpaid. The Donald Trump administration ended the Joe Biden-era overpayment recovery rate of 10% and instituted a garnishment rate on Social Security income of 50% until the overpayment has been satisfied. Unfortunately, another Social Security garnishment is expected to be reinstated by "sometime this summer." The all-important question is, "Will your Social Security benefit be affected?" Delinquent federal student loan garnishment is back on the table In March 2020, during the early stages of the COVID-19 pandemic and the final year of President Trump's first term in the White House, the collection of federal student loan repayments was suspended. For more than five years, this suspension was never lifted, which allowed a sizable percentage of borrowers to fall into some level of delinquency. Based on data from the U.S. Department of Education (DOE), approximately 42.7 million Americans owe the federal government $1.6 trillion in outstanding federal student loans as of April 2025. Roughly 4 million of these borrowers are between 91 days and 180 days late on their monthly payments, and more than 5 million are more than 360 days late on their payments. When Donald Trump took office for his nonconsecutive second term, he made government efficiency a primary focus. This includes collecting on the federal government's outstanding debts, such as delinquent federal student loans. Though we often think of federal student loan borrowers as being in their teens, 20s, and 30s, loans outstanding for seniors have climbed rapidly. The number of borrowers aged 62 and older jumped by 59%, from 1.7 million to 2.7 million between 2017 and 2023, per the Consumer Financial Protection Bureau (CFPB). Among these aged borrowers, the CFPB estimates 452,000 are currently delinquent on their federal student loan(s) and receiving a Social Security benefit. Although the DOE announced a pause in the expected restart of garnishments at a 15% monthly rate for these 452,000 delinquent federal student loan borrowers in early June, this pause is only temporary. Per the DOE: "If you receive monthly federal benefit payments, such as Social Security benefit payments, and Railroad and Office of Personnel Management retirement benefits you may have received a letter from the Department of Treasury that listed a date when offsets to your payments was scheduled to begin. Please be aware that the Department of Education is delaying offsets of these monthly benefits for a couple of months and plans to resume sometime this summer." While the DOE and Trump administration haven't provided any specific timeline (beyond "sometime this summer") as to when this garnishment may be kick-started, a 15% garnishment rate should be expected very soon for the retired workers, survivor beneficiaries, and workers with disabilities who are among the estimated 452,000 seniors currently in default on their federal student loan(s). Delinquent federal student loan borrowers may be able to legally avoid or reduce their garnishment If there's a bit of a silver lining to be found when it comes to federal student loan garnishment, it's that beneficiaries must be left with a minimum Social Security payout of $750 per month. If you're a lifetime low earner and among the estimated 452,000 delinquent borrowers, your garnishment rate could be less than 15%. For instance, if you receive $800 per month from Social Security, the most that could be garnished is $50 each payout (leaving you with the mandated minimum of $750), which is considerably less than a 15% rate. Beyond this minimum payout mandate, which isn't a requirement of all forms of Social Security income garnishment, delinquent federal student loan borrowers receiving Social Security benefits have two perfectly legal options at their disposal to waive or reduce their liability. To begin with, individuals with qualifying disabilities may be able to completely waive their federal student loan repayment obligations via a total and permanent disability (TPD) discharge. In addition to submitting the TPD application, you'll need documentation from a medical professional certifying that you're unable to "engage in substantial gainful activity," per the application. The CFPB notes that while the DOE and Social Security Administration have automated TPD eligibility and the federal student loan cancellation process for beneficiaries who become disabled before reaching their full retirement age, responsibility for the TPD application process falls entirely onto aging beneficiaries if they become disabled after reaching their full retirement age. The other perfectly legal option available to Social Security beneficiaries who are in arrears on their federal student loan(s) is to file for a financial hardship with the DOE. Similar to TPD eligibility, everything boils down to documentation. To qualify for a financial hardship exemption, you'll need to prove to the DOE that your documented income, less the 15% garnishment rate, would be lower than your qualified expenses. Using data from the Federal Reserve Board's Survey of Household Economics and Decisionmaking, the CFPB estimated that 82% of the 452,000 Social Security recipients currently in default would qualify for a financial hardship exemption. However, statistics show that very few seniors apply for this exemption or know it exists. In other words, this is a missed opportunity for delinquent federal student loan borrowers to potentially reduce what they owe. The $23,760 Social Security bonus most retirees completely overlook If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known could help ensure a boost in your retirement income. One easy trick could pay you as much as $23,760 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Join Stock Advisor to learn more about these Motley Fool has a disclosure policy. The Donald Trump Administration Aims to Kickstart a New Social Security Garnishment "Sometime This Summer" -- Will Your Benefit Be Cut? was originally published by The Motley Fool

Associated Press
19 minutes ago
- Associated Press
RCKT DEADLINE MONDAY: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Rocket Pharmaceuticals, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important August 11 Deadline in Securities Class Action
New York, New York--(Newsfile Corp. - August 9, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Rocket Pharmaceuticals, Inc. (NASDAQ: RCKT) between September 17, 2024 and May 26, 2025, both dates inclusive (the 'Class Period'), of the important August 11, 2025 lead plaintiff deadline. SO WHAT: If you purchased Rocket Pharmaceuticals securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Rocket Pharmaceuticals class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 11, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) RP-A501 was less effective than defendants had led investors to believe; (2) to increase its effectiveness, Rocket Pharmaceuticals amended RP-A501's clinical trial protocol by introducing a novel immunomodulatory agent; (3) the foregoing increased the risk that patients would suffer from a Serious Adverse Event ('SAE'); (4) accordingly, RP-A501's safety, as well as its clinical, regulatory, and commercial prospects, were overstated; and (5) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Rocket Pharmaceuticals class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] To view the source version of this press release, please visit