Wayfair's net revenue rises 67%

Carlos Ghosn Is Spared a Lawsuit in Lebanon Over Entering Israel

Lebanon’s public prosecutor dismissed a lawsuit against Carlos Ghosn for entering Israel that was filed earlier this year within days of his arrival in Beirut.

Judge Ghassan Oueidat said the judiciary can’t prosecute Ghosn because he committed the offense over 10 years ago. Ghosn, who was arrested on charges of financial wrongdoing and faced trial in Japan, made a dramatic escape at the end of December and flew to Lebanon, where he’s a citizen.

Read more: Ghosn Says French Investigators Will Quiz Him in Lebanon in 2021

A group of lawyers filed a complaint with Lebanon’s judiciary alleging that Ghosn’s visits to Israel when he was chairman ofRenault SA and later Nissan Motor Co. broke laws forbidding citizens from interacting with Lebanon’s foe. Israel and Lebanon are technically in a state of war.

— With assistance by Dana Khraiche

When does the new Congress start?

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A new Congress session starts every two years on Jan. 3 following either a general or midterm election. 

However, in 2021 Jan. 3 will fall on a Sunday, when Congress usually avoids holding any meetings. Congress can pass new legislation to change the start date, but none has yet been passed. 

Just as with the presidential inauguration, the first meeting of Congress is set at noon.

On the opening day of a new Congress, the members follow a well-established routine, which includes swearing in new senators, establishing a quorum, adopting standing orders and setting out the timeline for new bills to be considered.


Should the role be vacant for any reason, the Senate will also vote on a new president pro tempore.

Stock Alert: Very Good Food Hits New 52-week High

Shares of Very Good Food Co. Inc. (VRYYF) are climbing more than 15 percent or $0.49 in Tuesday’s morning trade at $3.60, after touching a new 52-week high of $3.88 despite no company-centric news.

U.S. stocks are higher on Tuesday, extending gains from the previous session, as traders seem to be hoping for a definitive outcome from today’s presidential election. Democratic candidate Joe Biden holds a clear lead in national polls and is also leading in several key swing states in the race to defeat President Donald Trump. Traders seem optimistic that the results of the election will be known at the end of the night without the need for lawsuits and recounts.

Canada-based Very Good Food is a plant-based food technology company that develops and sells a variety of plant-based meat and other food alternatives.

Very Good Food Co. has traded in a range of $3.00 to $3.88 in the past 52 weeks.

We took a 1964 Louisiana literacy test and failed spectacularly

  • We took a 1964 Louisiana literacy test.
  • The test was 30 questions and had to be completed in 10 minutes.
  • One wrong answer resulted in failure.
  • Visit Business Insider's homepage for more stories.

Following the Civil War, many Southern states administered literacy tests to prospective voters. However, some states enacted a grandfather clause in the early 1890s. The clause waived literacy tests and additional requirements for men whose descendants could vote before 1867, and African American men could not vote until 1870.

Eric Foner, a Columbia University historian told NPR, "Because of the 15th Amendment, you can't pass laws saying blacks can't vote, which is what they wanted to do … But the 15th Amendment allowed restrictions that were nonracial. This was pretty prima facie a way to allow whites to vote, and not blacks."

EDITOR'S NOTE: This video was originally published in June 2016.

How to Follow the Election Results

Here’s a guide to The Times’s election night coverage, no matter when, how or how often you want to consume it.

By Maggie Astor

Stock Alert: Inspire Medical At New High On Q3 Results, Outlook

Shares of medical technology company, Inspire Medical Systems, Inc. (INSP) are rising more than 22% Tuesday morning after reporting better-than-expected third-quarter results. The company also raised full-year revenue outlook.

The stock touched a new high of $153.83 this morning and is currently trading at $149.92.

Net loss was $10.4 million or $0.39 per share in the third quarter compared with net loss of $8.2 million or $0.34 per share in the corresponding prior year period. On average 12 analysts polled by Thomson Reuters expected the company to report loss of $0.72 per share for the period.

Revenue for the quarter was $35.8 million, 72% increase over the same quarter last year.

Inspire Medical has raised its full year revenue guidance to between $110 million and $112 million, from prior guidance of $88 million to $92 million. The consensus estimate is for $90.19 million.

Wayfair's net revenue rises 67%

Fox Business Flash top headlines for November 3

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Wayfair Inc.'s net revenue rose by two-thirds, more than Wall Street analysts were expecting for the third quarter, while adjusted earnings also topped estimates.

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The furniture and home decor retailer's earnings were $173.2 million for the three months. The company reported a loss a year ago of $272 million.

Earnings for the third quarter were $1.67 a share, compared with a year earlier's loss of $2.94 a share.

Wayfair's adjusted earnings were $2.30 a share. According to FactSet, analysts were expecting 82 cents a share.

Net revenue rose by 67% to $3.84 billion from $2.31 billion. Analysts were expecting $3.66 billion.

The company reported 28.8 million active customers for its direct retail business, which rose by just more than half from a year ago.

Write to Allison Prang at [email protected]