Tag: AI

Companies are increasingly rolling back or ending DEI (diversity, equity, and inclusion) programs amid pressure from conservative activists and the Trump administration. This includes tech giants like Meta, McDonald's, and Harley-Davidson, who have cut or paused their DEI initiatives. The move away from DEI policies is part of an ongoing backlash against diversity programs at American companies. Some DEI initiatives have faced backlash from conservatives and activist groups, who argue that these initiatives don't align with the values of companies' largely conservative consumer bases. However, 61% of Americans support DEI practices, according to a Washington Post-Ipsos poll in April, and companies including Costco and JPMorgan have publicly defended their diversity initiatives.

Published on: January 24, 2025, 09:03 PM UTC

Venture Global LNG shares may debut on NYSE up to 6% above IPO price, valuing the LNG exporter at up to $64 billion.

Published on: January 24, 2025, 04:06 PM UTC

Chicago Board of Education taps $400 million from credit agreements amid rising costs and dwindling aid.

Published on: January 24, 2025, 04:05 PM UTC

Weekly outflows from U.S. equity funds hit a three-week low, with $3.2 billion exiting in the week to Jan. 22, as positive inflation data boosted equity markets.

Published on: January 24, 2025, 11:04 AM UTC

Euro zone business activity shows modest growth in January, with easing downturn in manufacturing and stable services activity. PMI rises to 50.2, above the 50 mark separating growth from contraction.

Published on: January 24, 2025, 10:02 AM UTC

Around 20,000 British residents relocate to the US annually, enticed by higher salaries and lower tax rates. Despite Donald Trump's controversial policies, the US remains an attractive destination for workers and entrepreneurs due to its robust economy and business-friendly environment. However, navigating the US immigration system can be challenging, particularly in the wake of the President's crackdown on immigration. Skilled professionals in the technology sector can expect significant salary increases in the US, while healthcare costs remain a significant expense. The US tax system features progressive tax rates and offers deductions for state taxes, with some states boasting no income tax. However, moving to a state with no income tax may not always shield individuals from state taxes, and expats should consult with professionals to understand the potential tax implications of their move.

Published on: January 24, 2025, 09:03 AM UTC

Boeing (BA) pre-announces a Q4 operating cash flow loss of $3.5 billion and revenue of $15.2 billion. The company projects a GAAP loss per share of $5.46 and pre-tax charges of $1.7 billion in its defense and space business.

Published on: January 24, 2025, 09:01 AM UTC

Italian banking giant Monte Paschi di Siena SpA offers to acquire rival Mediobanca SpA in a €13.3 billion all-share deal, marking the latest twist in a series of takeover attempts involving Italy's banking industry.

Published on: January 24, 2025, 09:01 AM UTC

Monte dei Paschi di Siena launches €13.3 billion all-share buyout offer for Mediobanca

Published on: January 24, 2025, 08:00 AM UTC

President Trump's executive action provides supportive guidelines for the digital asset sector, establishing a working group to advise on crypto policy and promoting the responsible growth of digital assets.

Published on: January 24, 2025, 06:01 AM UTC