Business

Google joins Meta in scaling back diversity hiring initiatives amid intensifying scrutiny of corporate DEI goals.

Published on: February 07, 2025, 12:03 PM UTC

VW's SEAT faces output cuts and layoffs if EU doesn't lower China-made EV tariff by March. The additional 20.7% duty is costing the company hundreds of millions of euros and jeopardizing its financial targets.

Published on: February 07, 2025, 12:00 PM UTC

Carter's (CRI) stock is down 17.4% in the past six months due to declining same-store sales, slowing revenue growth, and diminishing ROIC. While the stock trades at a reasonable 10.1x forward P/E, analysts are cautious due to these headwinds. Consider investing in an alternative stock with stronger growth prospects instead.

Published on: February 07, 2025, 11:01 AM UTC

Hedge fund Fir Tree Partners returning outside capital to investors, excluding PAMLI Global Credit Convexity business. The fund delivered a net gain of around 17% last year and has been involved in activist campaigns against distressed companies.

Published on: February 07, 2025, 11:00 AM UTC

Google is dropping diversity hiring quotas amid growing scrutiny of corporate DEI initiatives in the US. While some tech giants like Apple and Microsoft maintain their commitment to DEI, others like Google and Meta are scaling back.

Published on: February 07, 2025, 10:02 AM UTC

President Trump proposes closing the carried interest tax deduction loophole, a move supported by Democrats but faces skepticism from some Republicans and intense lobbying from the hedge fund industry.

Published on: February 07, 2025, 10:02 AM UTC

US stocks traded mixed on Thursday as investors eagerly awaited the release of Amazon's quarterly earnings, reflecting on the ongoing earnings season and monitoring President Trump's rapidly evolving policy shifts. The Dow Jones Industrial Average declined 0.3% while the S&P 500 rose moderately by over 0.3% and the tech-heavy Nasdaq Composite gained 0.5%, extending its rally from the previous two days.

Published on: February 07, 2025, 10:01 AM UTC

Google and Meta back away from diversity hiring targets amid political scrutiny, while Apple, Microsoft, and JPMorgan remain committed despite increasing pressure.

Published on: February 07, 2025, 09:02 AM UTC

Earnings season is in full swing, with Amazon's (AMZN) report due after the bell. The Dow Jones Industrial Average (^DJI) fell 0.3%, while the S&P 500 (^GSPC) rose 0.3% and the Nasdaq Composite (^IXIC) gained 0.5%. Investors are watching incoming earnings reports for any company warnings, while tech and chip-related results are being scrutinized for signals about the strength of AI demand.

Published on: February 07, 2025, 09:01 AM UTC

Porsche shares plunge 7% on profit margin warning, sparking concerns about new model and battery costs.

Published on: February 07, 2025, 09:00 AM UTC