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CIBC Asset Management Inc bought a new stake in shares of Ciena Co. ( NYSE:CIEN – Free Report ) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,243 shares of the communications equipment provider’s stock, valued at approximately $261,000. Several other institutional investors and hedge funds also recently bought and sold shares of CIEN. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Ciena by 119.9% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,397,560 shares of the communications equipment provider’s stock valued at $260,054,000 after buying an additional 2,943,146 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ciena by 24.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,706,308 shares of the communications equipment provider’s stock worth $130,392,000 after purchasing an additional 523,313 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Ciena by 1,944.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,062,394 shares of the communications equipment provider’s stock worth $101,986,000 after acquiring an additional 1,961,513 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Ciena by 17.2% in the 2nd quarter. Victory Capital Management Inc. now owns 2,049,464 shares of the communications equipment provider’s stock worth $98,743,000 after buying an additional 301,390 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Ciena by 7,767.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,966,414 shares of the communications equipment provider’s stock worth $94,742,000 after acquiring an additional 1,941,419 shares in the last quarter. 91.99% of the stock is currently owned by hedge funds and other institutional investors. Insiders Place Their Bets In other news, SVP David M. Rothenstein sold 3,500 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $67.43, for a total value of $236,005.00. Following the sale, the senior vice president now directly owns 199,997 shares in the company, valued at approximately $13,485,797.71. This trade represents a 1.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . Also, SVP Joseph Cumello sold 1,289 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $68.99, for a total value of $88,928.11. Following the transaction, the senior vice president now directly owns 39,486 shares of the company’s stock, valued at approximately $2,724,139.14. This represents a 3.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 10,489 shares of company stock worth $657,051 over the last ninety days. Corporate insiders own 0.83% of the company’s stock. Analyst Ratings Changes View Our Latest Research Report on CIEN Ciena Price Performance NYSE:CIEN opened at $70.13 on Friday. The stock has a 50 day moving average price of $65.21 and a 200 day moving average price of $55.28. The stock has a market cap of $10.13 billion, a PE ratio of 74.61, a P/E/G ratio of 5.45 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.99 and a current ratio of 4.06. Ciena Co. has a one year low of $42.20 and a one year high of $73.47. Ciena ( NYSE:CIEN – Get Free Report ) last posted its earnings results on Wednesday, September 4th. The communications equipment provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.09. The company had revenue of $942.30 million during the quarter, compared to analysts’ expectations of $928.31 million. Ciena had a return on equity of 5.98% and a net margin of 3.44%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 earnings per share. Equities research analysts expect that Ciena Co. will post 1.13 EPS for the current fiscal year. Ciena announced that its board has authorized a stock buyback plan on Wednesday, October 2nd that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the communications equipment provider to purchase up to 10.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued. Ciena Company Profile ( Free Report ) Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company’s Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services. Featured Stories Want to see what other hedge funds are holding CIEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ciena Co. ( NYSE:CIEN – Free Report ). Receive News & Ratings for Ciena Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ciena and related companies with MarketBeat.com's FREE daily email newsletter .

Dividend stocks can be your best friend in retirement -- especially when their payouts allow you to cover your living expenses without selling shares. But investors shouldn't mindlessly chase high yields. Stocks that offer sky-high yields of 10% to 15% can be tempting, but they're often risky investments. With that in mind, retirees and soon-to-be retirees should try to find above-average yields, but they shouldn't go looking in the dumpster for them. A better strategy is to seek quality companies that look like they'll be able to keep paying (and raising) their dividends over the long term. These three blue-chip dividend stocks with yields between 4.8% and 7.8% today fit that description. Their dividends are well covered, and they should produce enough growth to manage payout hikes that at least keep up with inflation in 2025 and beyond. 1. Altria Group: 7.8% yield Although smoking rates have been declining for decades in the United States, Altria Group ( MO -0.42% ) , which sells Marlboro cigarettes (among other brands) domestically, has raised its dividend for over 50 consecutive years. This has earned it the rare Dividend King designation. Altria still makes most of its money from cigarettes, but has grown its bottom line by steadily raising its prices enough to more than offset the fact that it sells fewer cigarettes with each passing year. Analysts estimate the company's 2024 earnings will be $5.12 per share, giving it a manageable dividend payout ratio of 80%. Management generally uses the cash after paying the dividend to repurchase shares , which has grown its per-share dividends and profits. Altria has milked its cigarette business for years, and its strategies are still working. The company has grown its earnings at a 4.4% annualized pace over the past five years, and analysts estimate it will grow them by 3.5% annually over the next three to five years. Altria will eventually need to move beyond cigarettes, and it's working on that. The company is pushing next-generation products such as oral nicotine pouches, heat-not-burn tobacco cartridges, and electronic cigarettes (vapes). How Altria develops these products over the next decade will determine its long-term prospects. Still, retirees who buy and hold the stock will be able to rely on the company's near- and medium-term ability to pay and raise its dividend. 2. AT&T: 4.8% yield Telecom giant AT&T ( T -0.44% ) now operates the third-largest wireless network in the U.S. by market share. The company has existed in various forms since the late 1880s, and today is focused on its core communications business after a tumultuous decade that it spent trying to become a successful media streaming company. Over the years of attempting to evolve its business model, AT&T loaded itself with debt. That period culminated with a dividend cut in 2022 intended to free up cash flow that it could use to pay down what it owes. While in some cases, a company having a dividend cut in its recent past can be a sign for investors to avoid the stock, AT&T's payout reduction made it an excellent dividend stock again. Management expects to end 2024 with $17 billion to $18 billion in free cash flow versus a dividend commitment that amounts to about $8 billion annually. In other words, AT&T is spending less than half its cash flow on its dividend, giving it plenty of financial breathing room. Its debt is declining, which is positioning the business for a new era of dividend growth thanks to AT&T's healthiest financials in years. Don't expect too much growth from AT&T. Analysts estimate that it will grow earnings by an average of 3% annually over the next three to five years. Still, that would be enough for management to raise the dividend slowly, with room to expand the payout ratio if AT&T chooses. Either way, investors can look forward to dependable dividends thanks to management's wise decision to rightsize the payout. 3. Enbridge: 6.3% yield Energy still makes the world go round, so business should stay strong for Enbridge ( ENB 0.05% ) , one of the largest energy companies in North America. The Canadian company owns a network of pipelines that transport oil and natural gas throughout the continent, North America's largest natural gas utility by volume, and a portfolio of renewable energy projects, among other businesses. The company makes money primarily from transport and distribution fees, so it enjoys more durable revenue streams than upstream oil companies, which are more sensitive to commodity prices. Enbridge has proven this by increasing its annual dividend payouts for 29 consecutive years, and it has already announced its 30th to take effect in early 2025. Enbridge pays its dividends in Canadian dollars (CA$), but U.S. investors will see their payments automatically translated to U.S. dollars. For 2025, management plans to pay total dividends of CA$3.77 per share, and is guiding for between CA$5.50 and CA$5.90 in distributable cash flow, which would give it a healthy payout ratio in the range of about 64% to 69%. That's right in the 60% to 70% range where management wants it. North America's steadily growing energy demand should ensure Enbridge stays busy. Management expects the company's cash flow to grow at a low single-digit percentage rate through 2026 and then accelerate to approximately 5% annualized growth. Therefore, investors can count on the dividend and expect Enbridge to continue building on its growth streak.1 reason I like buying S&P 500 shares – and 1 reason I don’tFunny Money

Manchin, Sinema prevent Democrats from locking in majority on labor board through 2026 WASHINGTON (AP) — Senate Democrats failed in their bid to confirm a Democratic member of the National Labor Relations Board after the Senate rejected a razor-thin vote that hinged on the pivotal rejections of independent Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona. If the nomination had been successful, the board would have had a Democratic majority until 2026. President-elect Donald Trump will now have a chance to nominate a replacement. The NLRB is a government agency that handles labor relations and unionization in the workplace. It also has the power to investigate potential unfair labor practices, meaning its leadership is highly scrutinized by business interests and labor groups. The failed vote is another blow to Senate Democrats and outgoing President Joe Biden's agenda. Arizona AG sues Saudi firm over 'excessive' groundwater pumping, saying it's a public nuisance PHOENIX (AP) — Arizona Attorney General Kris Mayes says she is suing a Saudi Arabian agribusiness over what she calls “excessive pumping” of groundwater. She alleges that the Fondomonte alfalfa farm in western Arizona is violating a public nuisance law even though the area has no groundwater pumping regulations. Mayes said Wednesday that Fondomonte's use of groundwater threatens the public health, safety and infrastructure of local communities in rural La Paz County. It's Arizona's latest action against foreign companies that use huge amounts of groundwater to grow thirsty forage crops for export. The Associated Press emailed Fondomonte seeking a response to the lawsuit. US inflation ticked up last month as some price pressures remain persistent WASHINGTON (AP) — Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Consumer prices rose 2.7% in November from a year earlier, up from a yearly figure of 2.6% in October. Excluding volatile food and energy costs, so-called core prices increased 3.3%. Measured month to month, prices climbed 0.3% from October to November, the biggest such increase since April. Wednesday’s inflation figures are the final major piece of data Federal Reserve officials will consider before they meet next week to decide on interest rates. The November increase won’t likely be enough to discourage the officials from cutting their key rate by a quarter-point. Albertsons sues Kroger for failing to win approval of their proposed supermarket merger Kroger and Albertsons’ plan for the largest U.S. supermarket merger in history has crumbled. The two companies have accused each other of not doing enough to push their proposed alliance through, and Albertsons pulled out of the $24.6 billion deal on Wednesday. The bitter breakup came the day after a federal judge in Oregon and a state judge in Washington issued injunctions to block the merger, saying that combining the two grocery chains could reduce competition and harm consumers. Albertsons is now suing Kroger, seeking a $600 million termination fee, as well as billions of dollars in legal fees and lost shareholder value. Kroger says the legal claims are “baseless.” Donald Trump will ring the New York Stock Exchange bell as he's named Time's Person of the Year NEW YORK (AP) — President-elect Donald Trump is expected to ring the opening bell at the New York Stock Exchange for the first time and be named Time magazine's Person of the Year. Thursday's events will be a notable moment of twin recognitions for Trump, a born-and-bred New Yorker who has long seen praise from the business world and media as a sign of success. Four people with knowledge of his plans told The Associated Press that Trump was expected to be on Wall Street on Thursday to mark the ceremonial start of the day's trading, while a person familiar with the selection confirmed that Trump had been selected as Time's Person of the Year. Supreme Court allows investors' class action to proceed against microchip company Nvidia WASHINGTON (AP) — The Supreme Court is allowing a class-action lawsuit that accuses Nvidia of misleading investors about its past dependence on selling computer chips for the mining of volatile cryptocurrency to proceed. The court’s decision Wednesday comes the same week that China said it is investigating the the microchip company over suspected violations of Chinese anti-monopoly laws. The justices heard arguments four weeks ago in Nvidia’s bid to shut down the lawsuit, then decided that they were wrong to take up the case in the first place. They dismissed the company’s appeal, leaving in place an appellate ruling allowing the case to go forward. Apple's latest iPhones get the gift of more AI as holiday shopping season heats up SAN FRANCISCO (AP) — Apple is pumping more artificial intelligence into the latest iPhones during the holiday shopping season. It comes in the form of a free software update that includes a feature that enables users to create customized emojis within a matter of seconds. The Wednesday release of the iPhone’s upgraded operating system extends Apple’s expansion into AI months after rivals such as Samsung and Google began implanting the revolutionary on their devices. The update builds upon another one that came out in late October. The latest round of AI tricks includes “Genmojis,” Apple’s description of emojis that iPhone users will be able to ask the technology to create and then share. EU targets Russia's ghost fleet shipping oil in a new round of sanctions BRUSSELS (AP) — European Union envoys have agreed a new raft of sanctions against Russia over its war on Ukraine. The EU's Hungarian presidency said Wednesday that the measures will target in particular a vast shadow fleet of ships that Moscow is exploiting to skirt restrictions on transporting oil and fuel. The sanctions are aimed at about 50 of what are routinely decrepit ships. The sanctions will hit more officials and entities alleged to be helping Russia to improve its military technology by evading export restrictions. EU foreign ministers are set to formally adopt the sanctions package on Monday. Can ordinary citizens solve our toughest problems? BEND, OREGON (AP) — Research shows Americans are frustrated with what they perceive as aloofness and gridlock within civic institutions. Citizen assemblies may be able to help. The groups which have direct involvement in decision-making can help “overcome polarization and strengthen societal cohesion,” says Claudia Chwalisz, founder of DemocracyNext. Her nonprofit, launched in Paris in 2022, champions such assemblies worldwide, hoping they can “create the democratic spaces for everyday people to grapple with the complexity of policy issues, listen to one another, and find common ground.” In Europe, examples of such changes abound. In the United States, results are spottier. Making a $1B investment in the US? Trump pledges expedited permits — but there are hurdles WASHINGTON (AP) — President-elect Donald Trump is promising expedited federal permits for energy projects and other construction worth more than $1 billion. But like other Trump plans, the idea is likely to run into regulatory and legislative hurdles, including a landmark law that requires federal agencies to consider the environmental impact before deciding on major projects. Environmental groups called the plan a clear violation of the National Environmental Policy Act. The chief policy advocacy officer at the Natural Resources Defense Council says Trump should be careful what he wishes for. She said, "What if someone wants to build a waste incinerator next to Mar-a-Lago or a coal mine next to Bedminster golf course?”

NoneGAINESVILLE, Fla. (AP) — DJ Lagway threw two touchdown passes, Montrell Johnson ran for 127 yards and a score, and Florida upset No. 9 Mississippi 24-17 on Saturday to knock the Rebels out of College Football Playoff contention. The Gators (6-5, 4-4 Southeastern Conference), who topped LSU last week, beat ranked teams in consecutive weeks for the first time since 2008 and became bowl eligible. The late-season spurt provided another vote of confidence for coach Billy Napier, who is expected back for a fourth season. Ole Miss (8-3, 4-3), which entered the day as a 10-point favorite, lost for the first time in four games and surely will drop out of the 12-team playoff picture. The Rebels ranked ninth in the latest CFP and needed only to avoid stumbling down the stretch against Florida and lowly Mississippi State to clinch a spot in the playoff field. But coach Lane Kiffin’s team failed to score in three trips inside the red zone and dropped countless passes in perfect weather. No. 2 OHIO ST. 38, No. 5 INDIANA 15 COLUMBUS, Ohio (AP) — Will Howard passed for two touchdowns and rushed for another, TreVeyon Henderson ran for a score and No. 2 Ohio State beat previously undefeated No. 5 Indiana. All Ohio State (10-1, 7-1 Big Ten, CFP No. 2) has to do now is beat Michigan at home next Saturday and it will earn a return to the Big Ten championship game for the first time since 2020 and get a rematch with No. 1 Oregon. The Ducks beat Ohio State 32-31 in a wild one back on Oct. 12. The Hoosiers (10-1, 7-1, No. 5 CFP) had their best chance to beat the Buckeyes for the first time since 1988 but were hurt by special teams mistakes and disrupted by an Ohio State defense that sacked quarterback Kurtis Rourke five times. Howard finished 22 for 26 for 201 yards. Emeka Egbuka had seven catches for 80 yards and a TD. No. 8 GEORGIA 59, UMass 21 ATHENS, Ga. (AP) — Carson Beck threw four touchdown passes, Nate Frazier ran for 136 yards with three scores and No. 8 Georgia overwhelmed Massachusetts as the Bulldogs tried to protect their College Football Playoff hopes. Georgia (9-2, No. 10 CFP) needed the big offense from Beck and Frazier to rescue a defense that gave up 226 rushing yards. UMass (2-9) played its first game under interim coach Shane Montgomery, the offensive coordinator who retained his play-calling duties after replacing fired coach Don Brown on Monday. Jalen John led the Minutemen with 107 rushing yards and a touchdown. Georgia extended its streak of consecutive home wins to 30, the longest active streak in the Football Bowl Subdivision. No. 10 TENNESSEE 56, UTEP 0 KNOXVILLE, Tenn. (AP) — Nico Iamaleava threw for 209 yards and four touchdowns to lead No. 10 Tennessee to a victory over UTEP. The Volunteers (9-2) overcame a sluggish start to roll up the impressive win. Both teams were scoreless in the first quarter, but Tennessee found its rhythm. Grad student receiver Bru McCoy, who hadn’t caught a touchdown pass this season, had two. Peyton Lewis also ran for two scores. Tennessee’s defensive line, which had no sacks in last week’s loss to Georgia, had three against the Miners. UTEP (2-9) struggled with two missed field goals and three turnovers. Tennessee’s offense came alive with 28 points in the second quarter. In the final four drives of the quarter, Iamaleava completed 11 of 12 passes for 146 yards and touchdowns to Squirrel White, Ethan Davis and McCoy. No. 11 MIAMI 42, WAKE FOREST 14 MIAMI GARDENS, Fla. (AP) — Cam Ward passed for 280 yards and threw two touchdowns to Jacolby George on another record-breaking day, Mishael Powell ran an interception back 76 yards for a touchdown and No. 11 Miami pulled away late to beat Wake Forest. The Hurricanes (10-1, 6-1 Atlantic Coast Conference, No. 8 College Football Playoff) can clinch a berth in the ACC title game with a win at Syracuse next weekend. Ward completed 27 of 38 passes, plus ran for a score. He broke two more single-season Miami records, both of which had been held for 40 years by Bernie Kosar — most passing yards in a season and most completions in a season. Ward now has 3,774 yards on 268 completions this season. Kosar threw for 3,642 yards on 262 completions in 1984. Demond Claiborne had a 100-yard kickoff return for a touchdown for Wake Forest (4-7, 2-5). Claiborne also rushed for 62 yards for the Demon Deacons, and starting quarterback Hank Bachmeier was 8 of 14 passing for 86 yards and a touchdown. No. 13 SMU 33, VIRGINIA 7 CHARLOTTESVILLE, Va. (AP) — Kevin Jennings threw for a career-high 323 yards and two touchdowns and ran for another, and No. 13 SMU clinched a spot in the Atlantic Coast Conference championship game by routing Virginia. Isaiah Smith and Jared Harrison-Hunte each had two sacks to help the Mustangs (10-1, 7-0, No. 13 CFP) extend their winning streak to eight. They would earn an automatic bid into the expanded College Football Playoff by beating 11th-ranked Miami or 17th-ranked Clemson in the ACC title game on Dec. 7 in Charlotte, North Carolina. SMU had to get there first, and Jennings led the way again, bouncing back from an interception and a fumble to complete 25 of 33 passes to six different receivers, including TD tosses to Jordan Hudson and Matthew Hibner. Brashard Smith provided a little balance on offense, running for 63 yards and his 13th touchdown of the season. SMU’s defense overwhelmed UVa’s offensive line, sacking Anthony Colandrea nine times and allowing the Cavaliers (5-6, 3-4) just 173 yards. Special teams contributed, too, with Roderick Daniels Jr. returning a punt 48 yards and Collin Rogers making two field goals. No. 24 ILLINOIS 38, RUTGERS 31 PISCATAWAY, N.J. (AP) — Luke Altmyer found Pat Bryant for a catch-and-run, 40-yard touchdown pass with 4 seconds left, sending No. 24 Illinois to a wild victory over Rutgers. Illinois (8-3, 5-3 Big Ten) was down 31-30 when it sent long kicker Ethan Moczulski out for a desperation 58-yard field goal with 14 seconds to go. Rutgers coach Greg Schiano then called for a timeout right before Moczulski’s attempt was wide left and about 15 yards short. After the missed field goal was waved off by the timeout, Illinois coach Bret Bielema sent his offense back on the field. Altmyer hit Bryant on an in cut on the left side at the 22, and he continued across the field and scored untouched in a game that featured three lead changes in the final 3:07. Rutgers (6-5, 3-5) gave up a safety on the final kickoff return, throwing a ball out of bounds in the end zone as players passed it around hoping for a miracle touchdown. Altmyer was 12-of-26 passing for 249 yards and two touchdowns. Bryant finished with seven receptions for 197 yards.Pierce's 20 lead Presbyterian past Youngstown State 67-42Pete Hegseth’s lawyer and Sen. Tom Cotton slammed West Point on Wednesday for falsely claiming the defense secretary-designate was never accepted into the nation’s top military academy — in potential violation of federal privacy laws, according to letters exclusively obtained by The Post. Attorney Tim Parlatore and Cotton (R-Ark.) fired off a pair of letters to the US Military Academy’s superintendent, expressing concern that a public affairs officer shared “false information” with a journalist that could have blocked President-elect Donald Trump’s defense pick from confirmation. “Not only did Mr. Hegseth apply, but he was accepted as a prospective member of the class of 2003,” Parlatore said in a letter to West Point Superintendent Lt. Gen. Steven Gilland, disclosing a copy later tweeted by his client of the offer of admission in 1999. “The use of false statements to influence or damage a political nominee’s reputation is particularly concerning, as it may interfere with the democratic process and the fair consideration of candidate for public office,” he added. Cotton claimed that West Point’s civilian press rep, Theresa Brinkerhoff, also showed “egregiously bad judgment to share such information about the nominee to be Secretary of Defense with a known liberal outlet like ProPublica,” claiming that the reporter at the outlet was preparing “a derogatory hit piece.” “Perhaps there’s an honest mistake here, though I can’t imagine what it might be,” the Arkansas Republican said. “But I also can’t imagine this action was authorized or known to the West Point leadership.” A West Point spokesperson later told The Post, “A review of our records indicates Peter Hegseth was offered admission to West Point in 1999 but did not attend. An incorrect statement involving Hegseth’s admission to the U.S. Military Academy was released by an employee on Dec. 10, 2024.” “Upon further review of an archived database, employees realized this statement was in error,” the rep said. “Hegseth was offered acceptance to West Point as a prospective member of the Class of 2003. The academy takes this situation seriously and apologizes for this administrative error.” Investigative nonprofit ProPublica, which bills itself as a “nonpartisan, careful and independent,” was reporting a piece on Hegseth’s links to West Point when it got the erroneous statement from the prestigious academy. The story never ran after the publication eventually received a copy of Hegseth’s admission letter. “So: No, we are not publishing a story,” ProPublica editor Jesse Eisinger posted in a lengthy thread on X Wednesday. “This is how journalism is supposed to work. Hear something. Check something. Repeat steps 1 and 2 as many times as needed. The end.” Both Parlatore and Cotton called for a thorough investigation into the matter and noted that West Point’s actions may have violated the Privacy Act of 1974, which prohibits federal agencies from disclosing personnel records without the individual’s express consent. The only exceptions to the statute involve records that are demanded by law enforcement or asked for via a Freedom of Information Act (FOIA) request — neither of which applied here, according to Parlatore. Technically, all West Point records are under the purview of the Department of the Army in the Pentagon, which Hegseth, an Army combat vet, will oversee if a majority of the Senate confirms him in the 119th Congress. In addition to “reputational harm,” Parlatore added, the potentially criminal fabrication could also “undermine public trust” in the US military. “In light of these concerns, I urge you to investigate this matter thoroughly and take appropriate corrective action to prevent future violations. As a fellow Service Academy graduate, I am sure that we both agree that it is imperative that our Service Academies uphold the highest standards of privacy, accuracy, and integrity in their communications.” Making false statements as an executive branch employee with the intent to mislead is punishable by up to five years in prison and a fine. The attorney’s missive to the US Military Academy shows that Hegseth was accepted for admission to the US Military Academy in January 1999 — but he chose to enroll at Princeton University instead later that year. The future defense nominee served in the Ivy League school’s ROTC program and graduated in 2003, going on to serve in the Minnesota National Guard and Army National Guard for nearly two decades and rising ultimately to the rank of major. He served three deployments — including as a platoon leader during the Iraq war and teacher of counterinsurgency tactics in Afghanistan — and was awarded two Bronze Star Medals. Hegseth, 44, has waded other accusations from anonymous former colleagues about being ousted from veterans groups he helmed between 2007 and 2016 for binge drinking and sexual impropriety — though those who worked alongside him have dismissed the allegations in their entirety as untrue . Parlatore disputed other allegations of sexual assault in 2017 by pointing to police reports contradicting the accuser — who he believes made other false claims of misconduct against another person. Hegseth’s confirmation appeared on the rocks for weeks as Republican senators expressed reservations about the “concerning” allegations against the defense appointee — but Trump, 78, refused to back down . “Pete Hegseth is doing very well. His support is strong and deep, much more so than the Fake News would have you believe,” the once and future president wrote on Truth Social last week, rejecting reports he was reconsidering his pick. “He was a great student – Princeton/Harvard educated – with a Military state of mind. He will be a fantastic, high-energy, Secretary of Defense” he added, predicting the former Fox News personality will be “one who leads with charisma and skill. “Pete is a WINNER, and there is nothing that can be done to change that!!!” he crowed. Sen. Joni Ernst, who is a rape survivor, was the only Republican to indicate she was not ready to vote “yes” on Hegseth’s confirmation but has since warmed up to the Pentagon nom after private discussions. “Following our encouraging conversations, Pete committed to completing a full audit of the Pentagon and selecting a senior official who will uphold the roles and value of our servicemen and women — based on quality and standards, not quotas — and who will prioritize and strengthen my work to prevent sexual assault within the ranks,” Ernst (R-Iowa) said. It would only take four GOP senators voting “no” to torpedo a Trump nominee.

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NoneBEIRUT — Israel's military launched airstrikes across Lebanon on Monday, unleashing explosions throughout the country and killing at least 31 while Israeli leaders appeared to be closing in on a negotiated ceasefire with the Hezbollah militant group. Israeli strikes hit commercial and residential buildings in Beirut as well as in the port city of Tyre. Military officials claimed they targeted areas known as Hezbollah strongholds. They issued evacuation orders for Beirut's southern suburbs, and strikes landed across the city, including meters from a Lebanese police base and the city's largest public park. The barrage came as officials indicated they were nearing agreement on a ceasefire, while Israeli Prime Minister Benjamin Netanyahu's Security Cabinet prepared to discuss an offer on the table. Bulldozers remove the rubble of a destroyed building Monday that was hit in an Israeli airstrike in Dahiyeh, in the southern suburb of Beirut, Lebanon. Foreign ministers from the world’s leading industrialized nations also expressed cautious optimism Monday about possible progress on a ceasefire. “Knock on wood,” Italian Foreign Minister Antonio Tajani said as he opened the Group of Seven meeting outside Rome. “We are perhaps close to a ceasefire in Lebanon," he said. "Let's hope it's true and that there's no backing down at the last-minute.” A ceasefire in Gaza and Lebanon was foremost on the agenda of the G7 meeting in Fiuggi, outside Rome, that gathered ministers from Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, in the last G7 encounter of the Biden administration. For the first time, the G7 ministers were joined by their counterparts from Saudi Arabia, Egypt, Jordan, the United Arab Emirates and Qatar, as well as the Secretary General of the Arab League. Thick smoke, flames and debris erupt Monday from an Israeli airstrike that targeted a building in Tayouneh, Beirut, Lebanon. Meanwhile, massive explosions lit up Lebanon's skies with flashes of orange, sending towering plumes of smoke into the air as Israeli airstrikes pounded Beirut's southern suburbs Monday. The blasts damaged buildings and left shattered glass and debris scattered across nearby streets. Some of the strikes landed close to central Beirut and near Christian neighborhoods and other targets where Israel issued evacuation warnings, including in Tyre and Nabatiyeh province. Israeli airstrikes also hit the northeast Baalbek-Hermel region without warning. Lebanon's Health Ministry said Monday that 26 people were killed in southern Lebanon, four in the eastern Baalbek-Hermel province and one in Choueifat, a neighborhood in Beirut's southern suburbs that was not subjected to evacuation warnings on Monday. The deaths brought the total toll to 3,768 killed in Lebanon throughout 13 months of war between Israel and Hezbollah and nearly two months since Israel launched its ground invasion. Many of those killed since the start of the war between Israel and Hezbollah have been civilians, and health officials said some of the recovered bodies were so severely damaged that DNA testing would be required to confirm their identities. Israel claims to have killed more than 2,000 Hezbollah members. Lebanon's Health Ministry says the war has displaced 1.2 million people. Destroyed buildings stand Monday in the area of a village in southern Lebanon as seen from northern Israel. Israeli ground forces invaded southern Lebanon in early October, meeting heavy resistance in a narrow strip of land along the border. The military previously exchanged attacks across the border with Hezbollah, an Iran-backed militant group that began firing rockets into Israel the day after the war in Gaza began last year. Lebanese politicians have decried the ongoing airstrikes and said they are impeding ceasefire negotiations. The country's deputy parliament speaker accused Israel of ramping up its bombardment to pressure Lebanon to make concessions in indirect ceasefire negotiations with Hezbollah. Elias Bousaab, an ally of the militant group, said Monday that the pressure has increased because "we are close to the hour that is decisive regarding reaching a ceasefire." Israeli officials voiced similar optimism Monday about prospects for a ceasefire. Mike Herzog, the country's ambassador to Washington, earlier in the day told Israeli Army Radio that several points had yet to be finalized. Though any deal would require agreement from the government, Herzog said Israel and Hezbollah were "close to a deal." "It can happen within days," he said. Israeli officials have said the sides are close to an agreement that would include withdrawal of Israeli forces from southern Lebanon and a pullback of Hezbollah fighters from the Israeli border. But several sticking points remain. A member of the Israeli security forces inspects an impact site Sunday after a rocket fired from Lebanon hit an area in Rinatya, outskirts of Tel Aviv, Israel. After previous hopes for a ceasefire were dashed, U.S. officials cautioned that negotiations were not yet complete and noted that there could be last-minute hitches that either delay or destroy an agreement. "Nothing is done until everything is done," White House national security spokesman John Kirby said Monday. The proposal under discussion to end the fighting calls for an initial two-month ceasefire during which Israeli forces would withdraw from Lebanon and Hezbollah would end its armed presence along the southern border south of the Litani River. The withdrawals would be accompanied by an influx of thousands more Lebanese army troops, who have been largely sidelined in the war, to patrol the border area along with an existing U.N. peacekeeping force. Western diplomats and Israeli officials said Israel demands the right to strike in Lebanon if it believes Hezbollah is violating the terms. The Lebanese government says such an arrangement would authorize violations of the country's sovereignty. There are many obstacles preventing shoppers from upholding eco-friendly habits as much as they may want to—but not all of these barriers are necessarily real, or accurately understood. Shopping sustainably simply isn't convenient or accessible for many. Those who live in apartment buildings are 50% less likely to recycle , according to Ipsos. Reasons for this can vary from lack of space to buildings being excluded altogether because of recycling contamination issues. Many believe that sustainable products are too expensive or of a lower quality. The former is often true, which does create a hurdle for many: The manufacturing processes and materials for sustainable products are pricey. For instance, organic cotton requires an intensive production process free of certain chemicals or pesticides; by definition, true eco-friendly products can't be mass-produced, further upping their price tag. Using recycled materials for packaging, or obtaining an eco certification, can also be expensive. However, although the narrative of eco-friendly products being more expensive is true, there is often more of an effort to use better quality materials that last longer than their noneco-friendly counterparts. This could end up saving consumers money in the long run: By paying more upfront, they can get more wear out of sustainable fashion, for instance. There is also undeniable political rhetoric surrounding eco-friendly products—however, despite many Conservative politicians decrying sustainable products, members of all generations are increasingly choosing to prioritize shopping sustainably regardless of their political affiliation, according to research from NYU Stern Center for Sustainable Business . This finding shows a trend toward seeing sustainability as a nonpartisan subject everyone can benefit from, no matter where they lie on the political spectrum. Some might think eco-friendly clothing, in particular, is not fashion-forward; after all, many of the top clothing retailers in the world partake in fast fashion. However, brands are increasingly being recognized as 'cool' and 'trendy' for supporting environmentally ethical practices, particularly as younger generations prioritize sustainability, as noted before. Many increasingly popular online stores are taking advantage of this paradigm shift by offering secondhand shopping options that are not only fashionable, but also more affordable, like ThredUp or Poshmark. Additionally, many legacy large-name brands are hopping on the sustainability movement and are gaining appreciation from loyal customers. Amazon's Climate Pledge Friendly program partners with third-party certification bodies to make it easier for shoppers to identify eco-friendly products as they browse the website. H&M's newly launched H&M Rewear program debuts a resale platform that allows the resale of all clothing brands—not just their own. Similarly, Patagonia's Worn Wear program allows shoppers to trade in and buy used gear and clothing. The federal government is also working to close this gap. The Environmental Protection Agency's Safer Choice program is attempting to make sustainable shopping easier for consumers and companies alike. It includes a directory of certified products, a list of safer chemicals to look out for on labels, a "Safer Choice" label that products can earn to denote they are eco-friendly, and resources for manufacturers looking to adopt more sustainable practices. Most of all, though, the biggest way shoppers can shift toward sustainable shopping is through their behaviors and attitudes amongst their peers and communities. Studies show that humans largely care what others think of their actions; the more shoppers make environmentally conscious shopping the norm, the more others will follow suit. From an economic perspective, the more consumers shop eco-friendly, the more affordable and accessible these products will become, too: Sustainable products are currently more expensive because they are not in high demand. Once demand rises, production rates and prices can lower, making these products more accessible for all. Story editing by Carren Jao. Additional editing by Kelly Glass. Copy editing by Kristen Wegrzyn. This story originally appeared on The RealReal and was produced and distributed in partnership with Stacker Studio. On paper, being more sustainable and eco-friendly while shopping sounds great—so why don't more people do it? There is growing consumer consciousness about the environmental impact of where people choose to shop and the sustainability of the products they buy. According to McKinsey, over 60% of individuals surveyed in 2020 said they would be willing to pay more for a product that is packaged in an eco-friendly way. Since 2019, products marketed as being environmentally sustainable have seen a 28% growth in revenue compared to 20% for products with no such marketing, a 2023 McKinsey and NielsenIQ report found. Much of this is thanks to the preferences and attitudes of Gen Z, who, on average, care more than their older counterparts about being informed shoppers. The younger generation also has more social justice and environmental awareness altogether. Shoppers are willing to spend around 9.7% more on a product they know is sourced or manufactured sustainably, with 46% saying they would do so explicitly because they want to reduce their environmental footprint, according to a 2024 PwC report. Sustainable practices consumers look for from companies include production methods, packaging, and water conservation. But despite the growing consciousness around being more environmentally responsible, consumer actions don't always align with their values. In psychology, this is defined as the "say-do gap": the phenomenon wherein people openly express concern and intention around an issue, but fail to take tangible action to make a change. According to the Harvard Business Review in 2019, most consumers (65%) say they want to buy from brands that promote sustainability, but only 1 in 4 follow through. So why don't people actually shop sustainably, despite how much they express a preference for eco-friendly products—and how can we close the gap? The RealReal examined reports from the Harvard Business Review and other sources to explore why some shoppers want to buy sustainably but struggle to follow through. This lack of action isn't due to a lack of caring—in many cases, it's hard to know how to be a sustainable consumer and other factors are often outside of shoppers' control. But the more people shop sustainably, the easier and more accessible that market will be for everyone—making it much easier for folks to buy aligned with their values. Get local news delivered to your inbox!