Lifeway: Q1 Earnings Snapshot
The Morton Grove, Illinois-based company said it had net income of 23 cents per share.
The dairy and cheese company posted revenue of $46.1 million in the period.
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San Francisco Chronicle
17 minutes ago
- San Francisco Chronicle
Republicans look to make a U-turn on federal commitment to electric vehicles for the Postal Service
WASHINGTON (AP) — A year after being lauded for its plan to replace thousands of aging, gas-powered mail trucks with a mostly electric fleet, the U.S. Postal Service is facing congressional attempts to strip billions in federal EV funding. In June, the Senate parliamentarian blocked a Republican proposal in a major tax-and-spending bill to sell off the agency's new electric vehicles and infrastructure and revoke remaining federal money. But efforts to halt the fleet's shift to clean energy continue in the name of cost savings. Donald Maston, president of the National Rural Letter Carriers' Association, said canceling the program now would have the opposite effect, squandering millions of dollars. 'I think it would be shortsighted for Congress to now suddenly decide they're going to try to go backwards and take the money away for the EVs or stop that process because that's just going to be a bunch of money on infrastructure that's been wasted," he said. Beyond that, many in the scientific community fear the government could pass on an opportunity to reduce carbon emissions that contribute to global warming when urgent action is needed. Electrified vehicles reduce emissions A 2022 University of Michigan study found the new electric postal vehicles could cut total greenhouse gas emissions by up to 20 million tons over the predicted, cumulative 20-year lifetime of the trucks. That's a fraction of the more than 6,000 million metric tons emitted annually in the United States, said professor Gregory A. Keoleian, co-director of the university's Center for Sustainable Systems. But he said the push toward electric vehicles is critical and needs to accelerate, given the intensifying impacts of climate change. 'We're already falling short of goals for reducing emissions,' Keoleian said. 'We've been making progress, but the actions being taken or proposed will really reverse decarbonization progress that has been made to date.' Many GOP lawmakers share President Donald Trump's criticism of the Biden-era green energy push and say the Postal Service should stick to delivering mail. Sen. Joni Ernst, R-Iowa, said 'it didn't make sense for the Postal Service to invest so heavily in an all-electric force." She said she will pursue legislation to rescind what is left of the $3 billion from the Inflation Reduction Act allocated to help cover the $10 billion cost of new postal vehicles. Ernst has called the EV initiative a 'boondoggle' and "a textbook example of waste,' citing delays, high costs and concerns over cold-weather performance. 'You always evaluate the programs, see if they are working. But the rate at which the company that's providing those vehicles is able to produce them, they are so far behind schedule, they will never be able to fulfill that contract," Ernst said during a recent appearance at the Iowa State Fair, referring to Wisconsin-based Oshkosh Defense. 'For now,' she added, "gas-powered vehicles — use some ethanol in them — I think is wonderful.' Corn-based ethanol is a boon to Iowa's farmers, but the effort to reverse course has other Republican support. Rep. Michael Cloud, R-Texas, a co-sponsor of the rollback effort, has said the EV order should be canceled because the project "has delivered nothing but delays, defective trucks, and skyrocketing costs.' The Postal Service maintains that the production delay of the Next Generation Delivery Vehicles, or NGDVs, was 'very modest" and not unexpected. 'The production quantity ramp-up was planned for and intended to be very gradual in the early months to allow time for potential modest production or supplier issues to be successfully resolved,' spokesperson Kim Frum said. EVs help in modernization effort The independent, self-funded federal agency, which is paid for mostly by postage and product sales, is in the middle of a $40 billion, 10-year modernization and financial stabilization plan. The EV effort had the full backing of Democratic President Joe Biden, who pledged to move toward an all-electric federal fleet of car and trucks. The 'Deliver for America' plan calls for modernizing the ground fleet, notably the Grumman Long Life Vehicle, which dates back to 1987 and is fuel-inefficient at 9 mpg. The vehicles are well past their projected 24-year lifespan and are prone to breakdowns and even fires. 'Our mechanics are miracle workers,' said Mark Dimondstein, president of the American Postal Workers Union. 'The parts are not available. They fabricate them. They do the best they can.' The Postal Service announced in 2022 it would deploy at least 66,000 electric vehicles by 2028, including commercial off-the-shelf models, after years of deliberation and criticism it was moving too slowly to reduce emissions. By 2024, the agency was awarded a Presidential Sustainability Award for its efforts to electrify the largest fleet in the federal government. Building new postal trucks In 2021, Oshkosh Defense was awarded a contract for up to 165,000 battery electric and internal combustion engine Next Generation vehicles over 10 years. The first of the odd-looking trucks, with hoods resembling a duck's bill, began service in Georgia last year. Designed for greater package capacity, the trucks are equipped with airbags, blind-spot monitoring, collision sensors, 360-degree cameras and antilock brakes. There's also a new creature comfort: air conditioning. Douglas Lape, special assistant to the president of the National Association of Letter Carriers and a former carrier, is among numerous postal employees who have had a say in the new design. He marvels at how Oshkosh designed and built a new vehicle, transforming an old North Carolina warehouse into a factory along the way. 'I was in that building when it was nothing but shelving,' he said. 'And now, being a completely functioning plant where everything is built in-house — they press the bodies in there, they do all of the assembly — it's really amazing in my opinion.' Where things stand now The agency has so far ordered 51,500 NGDVs, including 35,000 battery-powered vehicles. To date, it has received 300 battery vehicles and 1,000 gas-powered ones. Former Postmaster General Louis DeJoy said in 2022 the agency expected to purchase chiefly zero-emissions delivery vehicles by 2026. It still needs some internal combustion engine vehicles that travel longer distances. Frum, the Postal Service spokesperson, said the planned NGDV purchases were "carefully considered from a business perspective' and are being deployed to routes and facilities where they will save money. The agency has also received more than 8,200 of 9,250 Ford E-Transit electric vehicles it has ordered, she said. Ernst said it's fine for the Postal Service to use EVs already purchased. 'But you know what? We need to be smart about the way we are providing services through the federal government,' she said. 'And that was not a smart move.' Postal vehicles, he said, have low average speeds and a high number of stops and starts that enable regenerative braking. Routes average under 30 miles and are known in advance, making planning easier. 'It's the perfect application for an electric vehicle," he said, 'and it's a particularly inefficient application for an internal combustion engine vehicle.'
Business Insider
29 minutes ago
- Business Insider
3 'Strong Buy' Dividend Stocks with Over 20% Upside, According to Analysts, 8/17/2025
Dividend-paying stocks are a great way to generate passive income and can be considered a safe bet in the current uncertain market situation. Furthermore, these stocks have the potential to generate notable capital gains. To assess these returns, investors can use TipRanks' Dividend Calculator, which helps estimate future income based on investment size. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Leveraging TipRanks' Best Dividend Stocks Screener, we have identified three stocks with Strong Buy ratings from analysts. These stocks also offer a dividend yield above 5%, and analysts see double-digit upside for each in the next 12 months. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. Here are this week's stocks: Crescent Energy (CRGY) – Crescent Energy is an independent energy company focused on acquiring, developing, and producing oil and natural gas assets in the U.S. The stock carries a dividend yield of 5.1% and a Smart Score of Nine. Interestingly, seven out of the nine Wall Street analysts covering CRGY stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 52.44%. CRGY stock is up 5% over the past three months. Copa Holdings (CPA) – Copa Holdings is a Panama-based airline group that operates flights across the Americas through its subsidiaries Copa Airlines and Wingo. The stock carries a dividend yield of 5.53% and a Smart Score of 'Perfect 10.' In the last three months, all seven Wall Street analysts covering CPA stock have rated it a Strong Buy, with their 12-month consensus price target indicating an upside of about 26.31%. COPA stock is up 13% over the past three months. Amcor (AMCR) – Amcor is a global company that makes flexible and rigid packaging for food, beverage, healthcare, and personal care products. The stock has a dividend yield of 5.79% and a Smart Score of Nine. Interestingly, six out of the eight Wall Street analysts covering AMCR stock have rated it a Buy, with their 12-month consensus price target indicating an upside of about 22.45%. AMCR stock is down 7.5% over the past three months. TipRanks Smart Dividends Newsletter delivers a weekly high-quality dividend stock recommendation, backed by detailed analysis and up-to-date market insights. A well-chosen dividend stock can enhance your income investment portfolio and potentially yield long-term returns.
CNBC
an hour ago
- CNBC
As some colleges near the $100,000 mark, these nine schools have free tuition
With more families concerned about how they will afford college, some schools are offering an unbeatable deal. While the total cost of college is nearing or crossing the $100,000 threshold at several institutions across the country, according to data provided by The Princeton Review, tuition is completely free for all students at handful of other colleges and universities in the U.S. Although paying this tab is easy, getting in may not be. Each of these schools has high academic standards, experts say — and in return for a degree at no cost, the commitment they require, even after graduation, is steep. More from Personal Finance:These college majors have the best job prospectsStudent loan forgiveness may soon be taxed againStudent loan borrowers — how will the end of the SAVE plan impact you? Tell us "This is a self-selecting group in a lot of ways," said Robert Franek, editor in chief at The Princeton Review. Yet "it gives some hope for parents who worry about making college affordable — these colleges are doing just that." For those up for the challenge, The Princeton Review compiled a list of the colleges that cost nothing. Here are the nine schools that don't charge tuition at all. For over 150 years, this small school in Berea, Kentucky has strived to reach first-generation and low-income students who otherwise could not afford to pay for college, according to the school. But it doesn't stop there: Berea gives every student a laptop and funds to cover internship opportunities and even professional clothing for job interviews. Dubbed "Hard Work U," College of the Ozarks is a coed Christian school in rural Missouri geared toward serving students in the Ozark region. In return for a full scholarship, undergraduates must work 15 hours a week, plus two 40-hour weeks during the academic year as part of the school's work program. Only 12 to 15 students are admitted each year to this all-male liberal arts college in California's remote High Desert, according to the school. However, every student is awarded a scholarship that covers tuition and room and board. Since Deep Springs is a two-year school with no majors, many graduates go on to transfer to four-year programs to complete a Bachelor of Arts or Bachelor of Science degree. In addition to free tuition and room and board, students receive a stipend to cover all other costs at this academy near Colorado Springs, Colorado. In exchange, the academic and physical demands are rigorous, according to The Princeton Review, with classes from 7:30 a.m. to 3:30 p.m. followed by fitness training multiple times a week. After four years, graduates are commissioned as second lieutenants in the Air Force or U.S. Space Force and commit to several years of active duty. This New London, Connecticut-based academy is also highly selective and demanding, according to The Princeton Review. The extremely structured four-year program, which is fully paid for by the government, offers 10 academic majors, including civil engineering and marine science. After completing their schooling, students commit to five years of service, although many opt to stay in the Coast Guard for much longer, the academy says. Tuition, room and board, uniforms and books are similarly covered at this service academy in Kings Point, New York. As part of the four-year program, cadets gain hands-on experience working aboard commercial and military vessels around the world. Once they graduate, midshipmen can enter any branch of the armed forces as an officer. The service obligation varies depending on what type of job they choose. Every cadet at this prestigious institution in West Point, New York receives free tuition and a scholarship that covers room and board, in addition to a stipend for uniforms, books, supplies and all other expenses. Armed with a BS degree, West Point graduates then serve at least five years of active duty and three years in the reserves and are "ready for a lifetime of service to the Army and nation," according to the academy. All students on campus, known as "the Yard," in Annapolis, Maryland, receive a full scholarship that covers tuition, room and board and other costs, in return for at least five years of active duty after graduation, followed by the reserves. After their rigorous training, many midshipmen go on to have prominent careers within and outside the military, according to The Princeton Review. Founded by the shipbuilder William Webb, this small, private college in Glen Cove, New York specializes in naval architecture and marine engineering. Every student receives a full scholarship to cover tuition and, along with little to no debt, they benefit from a 100% job placement rate upon graduation, according to the school.
