As Harvard and the University of North Carolina (UNC) await a landmark Supreme Court decision, expected this week, on their racial admissions policies, companies are also watching nervously, fearing that the decision could expose their race-based hiring and training programs to civil rights lawsuits. According to a Harvard Business Review 2022 survey, more than 60…
ANALYSIS: Supreme Court Affirmative Action Case Could Undermine Corporate Racial Agenda
June 27, 2023
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1964 Civil Rights ActBusiness & MarketsCompaniesESGHarvardPolicies & ImpactsStarbucksSupreme CourtUniversity of North CarolinaUS
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BlackRock CEO Says He’ll No Longer Use ‘ESG’ Term
BlackRock CEO Larry Fink, one of the most powerful figures on Wall Street and an outspoken champion of progressive causes, appeared to be backpedaling this week on his support for the environmental, social, and governance (ESG) movement, saying he would no longer use the term. “I’m not going to use the word ESG because it’s…
IN-DEPTH: BlackRock CEO Says He’ll No Longer Use ‘ESG’ Term
BlackRock CEO Larry Fink, one of the most powerful figures on Wall Street and an outspoken champion of progressive causes, appeared to be backpedaling this week on his support for the environmental, social, and governance (ESG) movement, saying he would no longer use the term. “I’m not going to use the word ESG because it’s…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 27)
June 27, 2023
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Benchmark U.S. crude oil for August delivery fell $1.67 to $67.70 a barrel Tuesday. Brent crude for August delivery fell $1.92 to $72.26 a barrel. Wholesale gasoline for July delivery fell 2 cents $2.52 a gallon. July heating oil fell 4 cents to $2.40 a gallon. July natural gas fell 3 cents to $2.76 per…
How Major US Stock Indexes Fared June 27
Wall Street rallied after a round of reports suggested the economy is in better shape than feared. The S&P 500 rose 1.1 percent Tuesday, resuming its upward climb following a weeklong pullback after hitting its highest level in more than a year. The Dow and the Nasdaq also rose. Airlines helped to lead the way…
Political Litmus Test at Fidelity Charitable? Analysis
Florida will soon block banks from denying services based on political opinions or religious beliefs. The new law takes effect on July 1 and will affect all financial institutions in the state. Recently, Florida Attorney General Ashley Moody accused one of the largest financial services companies in the United States, Fidelity Charitable, of sometimes refusing…
Popular Drug Being Used for Weight Loss Can Cause ‘Serious Side Effects’: Health Canada
A drug that is growing in popularity due its use for weight loss purposes can cause significant side effects including kidney failure, according to experts. Ozempic, also sold under the brand name Wegovy, is actually a prescription type 2 diabetes treatment. However, the drug’s weight loss effect has boosted its popularity, sparking concern in the…
FTX Lied to Banks for Years About Misappropriated Customer Funds, New CEO Says
Cryptocurrency derivatives exchange FTX has been lying to banks about the suspicious movements of customer assets as far back as 2020, the company’s new leadership alleged in court filings. Once a $32 billion crypto empire, FTX collapsed in November 2022 after its disgraced founder Sam Bankman-Fried allegedly misappropriated customers’ money to cover losses at his…
Bud Light Hits New Weekly Sales Low After Dylan Mulvaney Boycott
Bud Light’s woes don’t appear to be subsiding anytime soon as the latest data show the light beer firm saw another weekly decline after it decided to engage in a promotional effort with a transgender TikTok influencer. Data from Bump Williams Consulting and NielsenIQ show that sales for Bud Light are down 28.5 percent year-over-year for…
Biden Transportation Department Grants $1.7 Billion for Electric and Low-Emission Buses in 46 US States and Territories
June 27, 2023
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Biden administraitonBusiness & MarketseconomyElectric BusExecutive BranchPolicies & ImpactsPoliticsUSUS News
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The U.S. Department of Transport (DOT) is awarding grants for new electric and low-emission buses in 46 U.S. states and territories for a total of about $1.7 billion. Funding for these zero- and low-emission buses comes through the 2021 Infrastructure Investment and Jobs Act (IIJA); a $1.2 trillion bill that includes funding for public transit…
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