HomeTrust Bancshares: Q2 Earnings Snapshot
The Asheville, North Carolina-based bank said it had earnings of $1 per share.
The holding company for HomeTrust Bank posted revenue of $73.8 million in the period. Its revenue net of interest expense was $54.4 million, surpassing Street forecasts.
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New York Post
5 hours ago
- New York Post
Columbia Sportswear sues Columbia University over merch in latest legal battle for Ivy
For decades, T-shirts, sweatshirts and other clothing under the Columbia Sportswear brand and clothing emblazoned with the Columbia University name coexisted more or less peacefully without confusion. But now, the Portland-based outdoor retailer has sued the New York-based university over alleged trademark infringement and a breach of contract, among other charges. It claims that the university's merchandise looks too similar to what's being sold at more than 800 retail locations including more than 150 of its branded stores as well as its website and third-party marketplaces. Columbia Sportswear has filed a lawsuit against Columbia University because the campus's merchandise looks identical to its brand. Columbia Sportswear In a lawsuit filed July 23 in the U.S. District Court for the District of Oregon, Columbia Sportswear, whose roots date back to 1938, alleges that the university intentionally violated an agreement the parties signed on June 13, 2023. That agreement dictated how the university could use the word 'Columbia' on its own apparel. As part of the pact, the university could feature 'Columbia' on its merchandise provided that the name included a recognizable school insignia or its mascot, the word 'university,' the name of the academic department or the founding year of the university — 1754 — or a combination. But Columbia Sportswear alleges the university breached the agreement a little more than a year later, with the company noticing several garments without any of the school logos being sold at the Columbia University online store. Many of the garments feature a bright blue color that is 'confusingly similar' to the blue color that has long been associated with Columbia Sportswear, the suit alleged. The lawsuit details that the Ivy League institution violated an agreement the parties signed on June 13, 2023. Spiroview Inc. – The lawsuit offered photos of some of the Columbia University items that say only Columbia. 'The likelihood of deception, confusion, and mistake engendered by the university's misappropriation and misuse of the Columbia name is causing irreparable harm to the brand and goodwill symbolized by Columbia Sportswear's registered mark Columbia and the reputation for quality it embodies,' the lawsuit alleged. The lawsuit comes at a time when Columbia University has been threatened with the potential loss of billions of dollars in government support. Last week, Columbia University reached a deal with the Trump administration to pay more than $220 million to the federal government to restore federal research money that was canceled in the name of combating antisemitism on campus. Under the agreement, the Ivy League school will pay a $200 million settlement over three years, the university said. Columbia Sportswear aims to stop all sales of clothing that violate the agreement, recall any products already sold and donate any remaining merchandise to charity. Columbia Sportswear is also seeking three times the amount of actual damages determined by a jury. Neither Columbia Sportswear or Columbia University couldn't be immediately reached for comment.
Time Business News
5 hours ago
- Time Business News
Top 10 Tech Trends 2025 Transforming the Future of Work
Technology in 2025 is evolving faster than ever. From artificial intelligence to blockchain, augmented reality to automation, these innovations are not just buzzwords—they're reshaping the way we work, collaborate, and grow businesses. Understanding these trends can help you stay ahead of the curve, whether you're a student, entrepreneur, or tech enthusiast. In this article, we'll explore 10 major tech trends transforming workplaces in 2025. AI is no longer a background tool—it's actively shaping daily workflows. Tools like ChatGPT, Claude, and Gemini handle everything from drafting emails to analyzing complex data. Businesses are integrating AI agents into customer service, marketing, and operations, reducing manual tasks and boosting efficiency. Read more: Best AI Tools for College Students Web3 technologies are creating decentralized work opportunities. Blockchain-based freelancing platforms allow for secure payments, transparent contracts, and global collaboration without middlemen. Digital identities and NFT-based certifications are becoming part of professional portfolios. With AR headsets becoming lighter and more affordable, remote teams can meet in shared virtual workspaces. Imagine discussing a product prototype with 3D holograms instead of slides. Industries like design, architecture, and engineering are embracing AR for collaboration. Automation tools powered by AI and no-code platforms like and Zapier are streamlining repetitive tasks. From data entry to social media scheduling, employees are focusing on strategic tasks while bots handle the mundane. With cyber threats becoming more sophisticated, AI-driven security tools monitor systems in real-time, detecting and neutralizing threats instantly. Predictive analytics help businesses stay ahead of potential breaches. Hybrid work is evolving into 'Remote Work 2.0' with companies offering fully digital onboarding, virtual offices, and AI-driven productivity monitoring. Tools like Notion AI and Microsoft CoPilot help remote teams stay organized. Sustainability is no longer optional. Green technology, from AI-powered energy management to carbon tracking software, is helping companies meet ESG goals while cutting costs. Non-technical professionals can now create apps, automate workflows, and launch websites using low-code/no-code tools. Platforms like Webflow, Softr, and Lovable empower creators to build without writing complex code. Related: Top Low-Code SaaS Platforms in 2025 Hiring is becoming smarter with AI tools that screen resumes, assess skills, and even conduct initial interview rounds. This speeds up recruitment and reduces bias. Online learning platforms now offer AI-driven personalized learning paths. Employees can upskill with tailored courses based on their career goals and skill gaps. The workplace of 2025 is a blend of human creativity and advanced technology. Staying informed about these trends ensures you remain competitive and adaptable in a rapidly changing world. Check out the latestprompt for trending AI tools, tech innovations, and productivity tips for 2025 and beyond. Q1. What is the biggest tech trend in 2025? AI continues to dominate, but AR, Web3, and sustainable technology are also shaping industries. Q2. How is Web3 changing work? It's enabling decentralized, secure, and transparent work platforms that bypass traditional intermediaries. Q3. Do I need to learn coding to stay relevant? Not necessarily. Low-code and no-code tools allow non-programmers to build complex solutions. Q4. Which industries benefit most from AR? Architecture, engineering, healthcare, and product design see the most impact from AR-based collaboration. TIME BUSINESS NEWS
Yahoo
6 hours ago
- Yahoo
Trump's long history of bashing jobs report numbers dates back to 2016: ANALYSIS
President Donald Trump's history of criticizing the Bureau of Labor Statistics' jobs report has surfaced in the wake of his decision to fire commissioner Erika McEntarfer on Friday. Trump's public frustrations with the economics and statistics agency appear to date back to his 2016 presidential campaign. "Don't believe those phony numbers," then-candidate Trump said in his New Hampshire victory speech during his first campaign for the White House. Last August, Trump claimed without evidence that former President Joe Biden's administration was "caught fraudulently manipulating" job statistics, when the agency publicly disclosed that the economy created fewer than 818,000 jobs between April of 2023 and March of 2024 than initial estimates suggested. "There's never been any revision like this," Trump said at a campaign rally in North Carolina on Aug. 21, 2024. "They wanted it to come out after the election, but somehow it got leaked," he claimed at the time. MORE: Trump fires BLS commissioner after weak jobs report and baseless claim of 'faked' stats Trump did not provide evidence that the information publicly disclosed by the agency was leaked. Then-Labor Secretary Julie Su in November 2024 defended the figures, and also suggested the numbers were impacted by Hurricane Helene's impact on the southeastern United States, and labor strikes. "The labor market remains very strong, and this shows what happens when you have a president and a vice president who are fighting for workers every single day," Su said at the time. The Bureau of Labor Statistics (BLS) uses several surveys for estimating employment levels in the U.S. and revisions are common. Every monthly Jobs Report has a blurb at the end that updates the figures from the previous two months based on new data. The revision that Trump was referencing was made public on Aug. 21, and updated with final figures in February 2025, according to the BLS website. The same downward revisions also took place during Trump's first term, under then-BLS commissioner William W. Beach. The agency determined 518,000 fewer jobs were created in March 2019 than it had initially reported. Alternatively, Trump had no complaints about the jobs report produced under McEntarfer -- a Biden appointee -- right before the 2024 election, which showed the U.S. gained 12,000 jobs in October. The then-candidate referenced the low numbers while criticizing the Biden-Harris administration at a rally in Milwaukee. "They did 12,000 jobs," Trump said to boos at the rally on Nov. 1. "It's hundreds of thousands of jobs less than it should be," he added. Trump was also quick to embrace the jobs reports as president -- when they were favorable. In March 2017 -- when the Bureau of Labor Statistics announced that the economy added 235,000 jobs the prior month -- then-Press Secretary Sean Spicer said Trump had full faith in the positive report, despite calling it "phony" in the past. "I talked to the president prior to this and he said to quote him very clearly: 'They may have been phony in the past, but it's very real now,'" Spicer said to reporters at the time. Trump's decision to fire McEntarfer on Friday came after the report found the U.S. had added 73,000 jobs in July, according to data from the BLS. The figure marked a slowdown from 147,000 jobs added in the previous month. The unemployment rate ticked up to 4.2%, keeping it at near-historic lows, according to the report. The report provided new estimates for two previous months, significantly dropping the government's estimate of jobs added in May and June. The fresh data indicated a notable slowdown in hiring as Trump's tariffs took hold over recent months. Trump criticized McEntarfer over the revisions, saying without evidence that the revisions suggested jobs statistics had been "manipulated." ABC News has reached out to McEntarfer for a comment. MORE: Fed holds interest rates steady, defying Trump's pressure The Trump administration described the downward revisions as an unwelcome sign for the U.S. economy but did not dispute the data. "Obviously, they're not what we want to see," Stephen Miran, chair of the White House Council of Economic Advisers, said on Friday morning. Asked by reporters as he departed the White House on Friday about the reason for McEntarfer's firing, Trump said he believes the economy is doing well and claimed the latest jobs numbers were "phony." "I believe the numbers were phony just like they were before the election, and there were other times," Trump said, pointing to a previous revision in the jobs numbers last year that he claimed, without evidence, was an attempt to benefit Democrats heading into the election. He said this despite using the numbers as a talking point in his campaign. "So you know what I did? I fired her. And you know what? I did the right thing," Trump said.
