La-Z-Boy sees Q1 revenue $490M-$510M, consensus $507.91M
Confident Investing Starts Here:
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
8 hours ago
- Associated Press
Bolivia's election may spell the end of its long-ruling left. Here's what to know
LA PAZ, Bolivia (AP) — For most of Renan Aliaga's adult life, a single name dominated the politics of Bolivia: Evo Morales. Morales, a former union leader for coca farmers, founded the Andean nation's most successful political party and transformed Bolivia over three consecutive terms marked by political stability and economic growth. But when Aliaga goes to the polls on Sunday to vote for Bolivia's next president, he won't see Morales' name on the ballot after electoral authorities excluded him. In fact, for the first time in two decades, Aliaga won't see any big name from the governing Movement Toward Socialism, or MAS, party that Morales founded — not even President Luis Arce, Morales' protege-turned-rival, who withdrew from the race over his failure to halt an economic tailspin. Under MAS, Bolivia enjoyed years of a fixed exchange rate, low inflation and subsidized energy. Now, high inflation, a scarcity of imported goods and fuel shortages have beset the country. The options Arce handed the reins to a little-known minister, Eduardo Del Castillo. The main options remaining include a conservative businessman and right-wing former president — both of whom have run and lost three times before — and a young leftist Senate leader. Unsatisfied, Aliaga, a 39-year-old bus driver and former MAS voter, says he'll make a last-minute decision. 'The right wing had its chance, and it was a disaster,' he said, recalling the hardship of the 1990s, when Bolivia became a poster child for free-market economics and the two right-wing front-runners — businessman Samuel Doria Medina and ex-President Jorge 'Tuto' Quiroga — built their careers. 'But the left wing has proven to be the same, or worse,' Aliaga said, referring to how the MAS strategy of nationalizing resources and redistributing tax receipts sputtered out with the end of the commodities boom. What's at stake The main issues in this hotly contested election are Bolivia's long-standing leftist economic model, its democratic integrity and the livelihoods of millions of people undergoing the country's worst financial crisis in four decades. 'This seems the end of the cycle not only for MAS, but for an entire model of government,' Bolivia political analyst Verónica Rocha said. 'MAS torpedoed its own chances' Tensions within MAS can be traced to Morales' disputed 2019 reelection. Protests erupted and the leftist leader resigned under pressure from the military. He fled into exile and right-wing Senator Jeanine Áñez took office in what many view as a coup. Violent clashes between protesters and security forces killed at least 37 people. Morales returned to Bolivia following the 2020 election victory of his former finance minister, Arce. But their competing ambitions collided when Morales announced his intention to return to politics. Lawmakers loyal to Morales deprived Arce's government of its majority. Judges answering to Arce ordered Morales' arrest over his sexual relationship with a 15-year-old girl and barred his 2025 presidential candidacy on account of his past terms. 'MAS torpedoed its own chances of winning this election,' said Gustavo Flores-Macías, a professor of government and public policy at Cornell University. Old guard opposition fails to unite A young vice president, Quiroga became interim leader in 2001 when then President Hugo Banzer, Bolivia's former military dictator, resigned because of terminal cancer with a year left in his term. Ever since, Quiroga has yearned for a term of his own. He ran three times — twice against Morales in 2005 and 2014. Now 65, he's hoping the fourth time's the charm. Doria Medina, 66, a former minister of planning from 1991-1993 made his fortune in cement and owns Bolivia's Burger King franchise. Dubbed the 'eternal candidate,' he lost to Morales in 2005, 2009 and 2014, as Bolivia's natural gas windfall, underwritten by public investment and generous subsidies, buoyed the union leader's popularity. Economic woes When commodity prices slumped and gas production plummeted, Morales' 'economic miracle' went bust. Now once-routine errands have turned into nightmares as Bolivians wait in fuel lines that wrap around city blocks, run from pharmacy to pharmacy in search of medicines and queue for subsidized bread that has shrunk to almost half its normal size. This may give the opposition its first real shot at power in two decades. Yet Bolivians interviewed across the administrative capital of La Paz expressed not only frustration with the MAS party, but also disappointment in the right-wing establishment. 'If people vote for the right, it's because they're resigned to it as the only alternative,' said Bolivian author Quya Reyna. 'These are recycled politicians from the 1990s era of privatization.' Doria Medina and Quiroga vow to slash fuel subsidies, dismantle inefficient state-owned companies, let foreign investors mine Bolivia's abundant lithium reserves and reorient the nation's foreign policy toward the United States after years of its alignment with China and Russia. Graffiti sprayed across La Paz reads '100 days, dammit' — Doria Medina's pledge to fix fuel shortages and stabilize the exchange rate within his first 100 days. Motorists waiting for hours to get gas find themselves facing billboards of Quiroga promising 'No more lines!' If no candidate wins a majority of the vote, a runoff between the top two finishers will be held on Oct. 19. A decimated left Voter cynicism is widespread, with many Bolivians saying that they have no faith in any of the candidates to improve their lives. Longtime MAS voters wary of austerity under a right-wing president aren't sure where to turn. Some initially pinned their hopes on 36-year-old Senate President Andrónico Rodríguez, a coca-farming union activist who could have appealed to Indigenous communities looking for the kind of representation they found under Morales. But Morales branded Rodríguez a traitor for advancing his own candidacy. The Senate leader has made few public appearances since. A rare centrist candidate, lawmaker Rodrigo Paz and his media-savvy running mate, ex-Police Captain Edman Lara, have recently energized young voters with TikTok videos from the campaign trail. With Doria Medina and Quiroga neck and neck, Paz could play kingmaker. But their Christian Democratic Party's blistering attacks on both MAS and the right-wing have left some voters without a clear sense of where they stand. 'We've all been raised on politicians' broken promises,' said Irma Marín, 38, shouting to be heard over the crowd at a Paz-Lara campaign rally Sunday. 'I'm not sure who to trust.' Campaigning for null votes Facing an arrest warrant, Morales, 66, has been holed up for months in his tropical stronghold of Chapare. His followers staged raucous protests against his removal from the race, blocking key roads and confronting police in clashes in June that killed four officers and four civilians. Morales is urging voters to register their rage by casting null-and-void ballots. 'Null votes signal that these elections are not legitimate and the next government of Bolivia won't be legitimate,' said Chris Velasco, an organizer close to Morales. 'That will mean political instability, social instability.'
Yahoo
a day ago
- Yahoo
Algebrik AI and Open Lending Partner to Expand Intelligent Auto Loan Decisioning for Credit Unions
NEW YORK, Aug. 11, 2025 /PRNewswire/ -- Algebrik AI Inc., a Delaware-incorporated company headquartered in New York City and pioneering the world's first cloud-native, AI-powered, digital-era Loan Origination Platform (LOS), today announced an integration with Open Lending Corporation, an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions. This collaboration aims to strengthen auto loan decisioning capabilities within Algebrik's cloud-native, AI-powered LOS—part of the Algebrik One lending suite—enabling credit unions and community lenders to confidently extend credit to near- and non-prime borrowers while minimizing risk and streamlining workflows. Enabling Risk-Aware Auto Lending at Scale Open Lending's Lenders Protection™ platform empowers financial institutions to safely approve near- and non-prime auto loans by combining real-time risk modeling, pricing optimization, and insurance-backed loan protection. Through this partnership, Algebrik's Loan Origination System, part of Algebrik One, Algebrik's agentic AI-powered lending suite, now offers built-in access to the Lenders Protection™ platform, allowing credit unions to: Evaluate near- and non-prime applicants using Open Lending's advanced decisioning engine Receive real-time decisions (approved, counteroffer, or denied), including APR, terms, stipulations, and certificate numbers Automatically surface stipulations tied to counter-offers (e.g., vehicle details, income verification) within the lending workflow of Algebrik's Loan Origination System Leverage Open Lending's insured, risk-based decisioning directly within Algebrik's LOS- no external systems needed. Algebrik AI's LOS delivers this capability through a unified, AI-powered experience—supporting both loan officer and borrower-facing workflows. Lenders can seamlessly manage counteroffers, display dynamic payment terms, and track certificate numbers, all within a single, modern interface. Strategic Insight: Why This Partnership Matters Pankaj Jain, Founder and CEO of Algebrik AI, commented on the partnership: "We believe modern lending stacks must function as ecosystems—not toolkits. By partnering with Open Lending, we're deepening the intelligence of loan decisioning and giving lenders a seamless path to responsible loan growth. With Open Lending now embedded in Algebrik's LOS, lenders can reach underserved borrowers while maintaining the operational efficiency and compliance they demand." Josh Marcy, Chief Product Officer at Open Lending, added: "Algebrik brings a modern, purpose-built approach to lending infrastructure. The Algebrik integration leverages best practice automation capabilities and a dynamic user experience, offering fast and accurate automatic decisions that accelerate loan originations for our mutual customers. Their team has delivered a clean, intuitive experience that aligns with our vision for the future of inclusive, data-driven auto lending. " For more information on how Algebrik AI is transforming lending, visit For latest on cutting edge lending technology & AI, follow Algebrik AI on Linkedin at: Or chat with the Algebrik AI team at: letschat@ About Algebrik AI Algebrik AI, headquartered in New York City, is the company behind Algebrik One: the world's first cloud-native, AI-powered, digital-era Loan Origination Suite (LOS), designed for the next generation of members. In an industry that hasn't seen significant innovation in lending technology in over 25 years, it was high time someone stepped in to help credit unions of all sizes regain their former glory. Algebrik AI's mission is to empower credit unions to attract, engage, grow, and retain next-gen members while staying competitive in today's digital era. With Algebrik One, an end-to-end lending suite that includes Digital Account Opening, Lender's Cockpit (LOS), Omni-channel Point of Sale (PoS), AI Decision Engine, and Portfolio Analytics, we take on the heavy lifting; so credit unions can focus on helping the members and communities they serve. For more information, visit About Open Lending Open Lending provides loan analytics, risk-based pricing, risk modeling, and default insurance to auto lenders throughout the United States. For over 20 years we have been empowering financial institutions to create profitable auto loan portfolios with less risk and more reward. For more information, please visit Media Contacts: Prateek Samantaray Chief Marketing Officer letschat@ View original content to download multimedia: SOURCE Algebrik
Epoch Times
a day ago
- Epoch Times
Wall Street Isn't Daycare: Interns Meet the Real World
In recent years, a chorus of complaints has emerged from Millennial and Gen-Z interns and junior analysts about the allegedly intolerable conditions at top investment banks. The grievances—ranging from long hours and high stress to inconsistent team dynamics and alleged workplace ' toxicity '—have generated headlines and sparked conversations about labor conditions and culture in high finance. But beneath the noise lies a deeper misunderstanding about the nature of elite private institutions, the purpose of internships, and the reality of competition in a modern, highly-financialized economy.
