Levi Stock Falls on Poor Outlook and Jobless Claims: Yahoo Finance

Levi Strauss & Co. (LEVI) shares are falling after the company slightly missed third-quarter revenue expectations and lowered its full-year revenue forecast. The company is also considering selling its Dockers brand. All eyes are on the labor market as investors digest the latest initial jobless claims data ahead of Friday's critical jobs report. With the labor market under pressure, September's labor market data will give investors important insight into the direction the Federal Reserve might take in its next interest rate decision. Meanwhile, OpenAI has signed a post-money valuation of $157 billion after raising $6.6 billion from investment firms and Big Tech companies in its latest funding round. According to Reuters, OpenAI has also urged its investors to refrain from funding its competitors, including Anthropic and Elon Musk's xAI. Yahoo Finance's trending tickers include Joby Aviation (JOBY), Clover Health Investments (CLOV), and Novavax (NVAX).

The most important guests include:
9:00 a.m. ET – Brendan Ahern, CIO of KraneShares
10:00 a.m. ET – Tom Porcelli, PGIM Fixed Income Chief US Economist
10:30 a.m. ET – Harmit Singh, Chief Financial and Growth Officer of Levi Strauss & Co
10:50 a.m. ET – Sultan Meghji, co-founder and CEO of Frontier Foundry, former chief innovation officer at the FDIC
11:30 a.m. ET – Vivian Tu, Founder and CEO of Your Rich BFF