Business

Some prominent companies are scaling back diversity, equity and inclusion programs, including Meta, Amazon, McDonald's, Walmart, Ford, Lowe's, Harley-Davidson, Brown-Forman, John Deere, and Tractor Supply.

Published on: January 23, 2025, 08:00 PM UTC

President Donald Trump addressed the World Economic Forum in Davos, Switzerland, outlining his economic policies, including incentives for manufacturing in the US and criticism of European lawsuits against tech giants like Meta.

Published on: January 23, 2025, 07:06 PM UTC

American Airlines (AAL) stock drops 9.2% after reporting weak Q4 results, primarily due to surging fuel costs and new labor agreements. However, revenue and EPS beat estimates.

Published on: January 23, 2025, 07:06 PM UTC

President Trump revokes Biden's executive order to cap prescription drug prices at $2 for Medicare patients, signaling a different approach to healthcare policy.

Published on: January 23, 2025, 07:06 PM UTC

Leidos (LDOS) stock fell 7.5% today due to concerns over new cost-cutting initiatives by the US government, which could impact defense contracts. CACI's earnings call highlighted the potential impact of the Department of Government Efficiency (DOGE), established by President Trump to streamline federal operations and reduce spending.

Published on: January 23, 2025, 07:04 PM UTC

President Trump told the World Economic Forum that companies should manufacture their goods in the United States to avoid tariffs.

Published on: January 23, 2025, 07:04 PM UTC

CNN is laying off 6% of its workforce (around 200 staffers) to invest in its digital transformation, including a new streaming service, website refresh, and focus on digital ads.

Published on: January 23, 2025, 07:02 PM UTC

Trump demands lower interest rates, hinting at a clash with the Federal Reserve. He says rates should align with US monetary policy and has criticized Fed Chair Jerome Powell in the past.

Published on: January 23, 2025, 07:01 PM UTC

Brazil's energy minister says US withdrawal from Paris Agreement opens investment opportunities for Brazil.

Published on: January 23, 2025, 07:01 PM UTC

JPMorgan Chase CEO Jamie Dimon reaffirms the bank's commitment to diversity, equity, and inclusion despite pressure from an activist shareholder. Dimon emphasizes the importance of outreach to underrepresented communities, while the National Legal and Policy Center seeks to review how executive compensation is tied to racial equity goals. Amidst a broader trend of companies reconsidering DEI programs, Dimon remains committed to ESG policies and believes activist efforts should be welcomed.

Published on: January 23, 2025, 07:01 PM UTC