Venture capitalist and “Shark Tank” television personality Kevin O’Leary said that part of Target’s recent multibillion-dollar stock plunge is about investors sending a “Get woke, go broke” message to corporations which chase progressive social and political agendas. Target’s stock price has taken a beating amid conservative backlash over the company’s decision to sell LGBT-themed items…
Target’s $13 Billion Stock Plunge Is a Message for Woke Corporations: Kevin O’Leary
BlackRock Pushing Chinese Social Credit System in America: News Editor
June 6, 2023
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BlackRockBusiness & MarketsCompaniescorporate social credit systemDiversity Equity and InclusionPolicies & ImpactsUSUS News
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A news editor slammed BlackRock for attempting to push a Chinese regime-style social credit system into American industry and warned in a recent interview that CEOs were feeling the heat due to such attempts. Breitbart’s economics editor, John Carney, said that BlackRock, with its environmental, social, and governance (ESG) agenda, was trying to implement China’s…
Lululemon CEO Defends Firing Employees Who Confronted Robbers: ‘Step Back, Let the Theft Occur’
Lululemon CEO Calvin McDonald defended the firing of two employees who confronted three masked thieves robbing a Georgia store and called the police, with McDonald saying that company policy is for staff to “let the theft occur” and not try to intervene. “We have a zero-tolerance policy that we train our educators on around engaging…
Labour Will Create Jobs in Nuclear, Renewables, Says Starmer Amid Union Concerns
Workers are at the heart of Labour’s mission to decarbonise Britain’s economy, party leader Sir Keir Starmer said, vowing to avoid the mistakes of the mass closure of coal mines in the UK. Speaking at the GMB union’s Congress in Brighton on Tuesday, Starmer promised decent pay, safer work, and better infrastructure, as “new nuclear,…
Formal Demand Letter Sent to Target Over ‘Radical LGBT’ Agenda
Former Trump presidential adviser Stephen Miller’s America First Legal formally demanded that Target be transparent in the midst of backlash against the big box chain for its decision to sell “pride”-related items for children. The group, working on behalf of the National Center for Public Policy Research (NCPPR), served Target Corporation with a “formal demand…
Ford Recalls 125,000 Vehicles Over Engine Failures That Can Cause Fires
WASHINGTON—Ford Motor Co. said on Tuesday it is expanding and issuing a new recall for 125,000 sport utility vehicles and trucks because engine failures may cause a fire. The recall covers various Escape and Lincoln Corsair SUVs and Maverick compact pickup trucks from the 2020–2023 model years with 2.5L hybrid or plug-in hybrid engines, according…
SEC Files 13 Charges Against Binance Over ‘Extensive Web of Deception’
June 6, 2023
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binanceBusiness & MarketsChangpeng ZhaocryptocurrencyInvestmentMarketsSECTechUSUS Securities and Exchange Commission
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The U.S. Securities and Exchange Commission (SEC) has filed 13 charges against crypto platform Binance and its CEO for allegedly engaging in an “extensive web of deception” to mislead customers and evade U.S. laws. The SEC filed its lawsuit against Binance and CEO Changpeng Zhao in the U.S. District Court for the District of Columbia…
West Coast Cargo Processing Slows Down Following Worker Disruptions
June 6, 2023
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Business & MarketsdockworkerseconomyPolicies & ImpactsRegional & State NewsUSUS NewsWest Coast ports
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Cargo-processing operations at U.S. West Coast ports have been affected following disruptions by workers as they negotiate new contracts. West Coast port dockworkers belonging to the International Longshoremen and Warehouse Union (ILWU) continued their “coordinated work action to disrupt operations” for the fourth day on Monday, according to a June 5 statement from the Pacific…
Twitter’s New CEO Linda Yaccarino Logs First Day in Role
Twitter’s new Chief Executive Officer Linda Yaccarino has begun her role at the social media company, she said in a tweet late on Monday, about a month after Elon Musk named her as the new CEO. “It happened—first day in the books!” she posted on Twitter, without providing further details. Yaccarino, the former advertising chief…
As US and China Spar, Western CEOs ‘Love the CCP’
June 6, 2023
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Business & MarketsBusiness ColumnistsLi ShangfuOpinionShangri-La Dialoguesingapore security conferenceThinking About ChinaU.S. Secretary of Defense Lloyd Austin
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Commentary At an annual security conference in Singapore on June 4, China’s defense minister accused the United States of being a hegemonic power. Given all the trouble Washington is experiencing over Taiwan and Ukraine, clearly, we are not. U.S. Secretary of Defense Lloyd Austin was also at the conference. He sat at the same dinner…
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