Category: Companies

Legal Nonprofit Files Complaint Against BlackRock’s ‘Racist’ Hiring Practices

April 19, 2023
BlackRockBusiness & MarketsCompaniesDiversity Equity and InclusionLarry FinkUS
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America First Legal Foundation (AFL) filed a complaint with the U.S. Equal Employment Opportunity Commission (EEOC) to ask them to open an investigation into BlackRock for engaging in what they called “unlawful” and “racist” employment practices. Vice President and General Counsel at AFL Gene P. Hamilton sent a letter to the EEOC Director of New York…

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ANALYSIS: What You’re Not Being Told About the Electric Vehicle Revolution

April 19, 2023
Business & Marketsclimate change agendaCompanieseconomic policiesElectric carsenergyEPA - U.S. Environmental Protection AgencyESGEVsGold and CommoditiesMarkets
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While the Biden administration cannot force you to buy an electric car, it can, by capping tailpipe emissions and other coercive measures, compel producers to severely curtail the manufacturing of internal combustion engine (ICE) cars and drive up the cost of gasoline-powered cars. This will likely result in a fundamental restructuring of America’s automotive industry,…

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Twitter Strips ‘Misgendering’ and ‘Deadnaming’ From Hateful Conduct Policy

April 19, 2023
Big Tech, Censorship, and SocialismBusiness & MarketsCompaniesElon MuskFeatured TopicsMedia & Big TechTwitterUS
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Twitter has modified its “hateful conduct” guidelines, removing a policy that designated the targeted “misgendering” or “deadnaming” of transgender individuals as violent speech. In 2018, the platform enacted a policy that labeled it a form of harassment when Twitter users refer to a transgender person by their biological sex or name—something known as misgendering and…

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American Workers Want About $76,000 in Starting Wages to Take a Job Due to Inflation

April 19, 2023
Business & MarketsCompanieseconomic policieseconomyinflationlabor marketMarketspersonal financerecessionUSUS Newswage expectations
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American workers are demanding at least nearly $76,000 annual wage from potential employers before taking a job due to high inflation and a tight labor market. Employee wage expectations skyrocketed to a new high of $75,811 a year in March, according to the SCE Labor Market Survey from the Federal Reserve Bank of New York. This is $2,100 higher…

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American Facebook Users Can Now Apply for Their Share of a $725 Million Facebook Settlement: Here’s How

April 19, 2023
Business & MarketsCompaniesFacebookmetaTechTech NewsUSUS News
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Facebook users have until August 2023 to claim part of a $725 million class-action settlement of a lawsuit that claimed the company’s parent Meta violated their privacy, according to a new website that went online this week. “If you were a Facebook user in the United States between May 24, 2007, and December 22, 2022,…

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ANALYSIS: Why Its Transgender Ad Campaign Could Be Bad News for Bud Light

April 19, 2023
Bud LightBudweiserBusiness & MarketsCompaniesSocial IssuesUSUS News
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Despite mockery from some mainstream media outlets about the conservative-led backlash to Bud Light’s recent ad campaign featuring a transgender influencer, it appears that Americans broadly support such measures. A poll released Tuesday found that some 54 percent of all Americans strongly support or somewhat support a boycott of Anheuser-Busch. Only 30 percent strongly oppose…

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ANALYSIS: Why Transgender Ad Campaign Could Be Bad News for Bud Light

April 19, 2023
Bud LightBudweiserBusiness & MarketsCompaniesSocial IssuesUSUS News
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Despite mockery from some mainstream media outlets about the conservative-led backlash to Bud Light’s recent ad campaign featuring a transgender influencer, it appears that Americans broadly support such measures. A poll released Tuesday found that some 54 percent of all Americans strongly support or somewhat support a boycott of Anheuser-Busch. Only 30 percent strongly oppose…

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JPMorgan Chase CEO Jamie Dimon Set to Be Deposed in Jeffrey Epstein Lawsuits

April 19, 2023
Business & MarketsCompaniesCrime and IncidentsHuman TraffickingJamie DimonJeffrey EpsteinJes StaleyJPMorganJudiciaryPublic SafetyUS
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JPMorgan Chase CEO Jamie Dimon is set for deposition in Jeffrey Epstein sex-trafficking lawsuits. A federal judge instructed Dimon to set aside two days for questioning in litigation that accused America’s largest bank of knowingly benefiting from Jeffrey Epstein’s forced prostitution ring of underaged children. U.S. District Judge Jed Rakoff made the decision to allow…

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REI to Close Portland Store Due to High Crime Rates

April 19, 2023
Business & MarketsCompaniesCrime and IncidentsOregonportland crimePublic SafetyRegional & State NewsREIState Newsstore closureUS
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Popular outdoor recreation retailer REI is closing its Pearl District store located in downtown Portland due to increasing local crime and retail loss from store sales, the company announced on Monday. In an email sent to members, the company expressed its sadness over the decision but explained that the Portland location experienced its highest number…

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Morgan Stanley Beats Estimates With Wealth Business Growth, but Shares Fall

April 19, 2023
Business & MarketsCompanieseconomic policieseconomyinflationMarketsMorgan StanleyresultsstocksUSUS News
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Morgan Stanley’s profit beat expectations as wealth management revenue climbed in the first quarter, offsetting slumps in investment banking and trading. The bank earned $1.70 per share, beating analysts’ average estimate of $1.62 per share, according to Refinitiv data. But its shares fell 1 percent to $88.92 in early trading on Wednesday as investment banking…

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