By Arriana McLymore (Reuters) -Amazon.com removed a reference to “inclusion and diversity” in its annual report filed on Thursday, after it told employees in a December memo that it was winding down its programs as part of corporate America’s broader retreat from such policies. Some of America’s biggest businesses have been scaling back diversity initiatives,…
By Alexandra Alper and Raphael Satter WASHINGTON (Reuters) – One of the people working with billionaire Elon Musk in his efforts to overhaul the U.S. government is a Berkeley-educated computer scientist who has boosted white supremacists and misogynists online. Gavin Kliger lists his job on LinkedIn as “Special Advisor to the Director” at the Office…
By Saeed Azhar (Reuters) -Bank of America has agreed to buy a $9 billion portfolio of residential mortgage loans from Toronto-Dominion Bank, a source familiar with the matter said on Friday. TD did not immediately respond to a request for comment. The Canadian lender’s CEO Raymond Chun had said at a banking conference in January…
By Andrew Goudsward, Nate Raymond and Daphne Psaledakis WASHINGTON (Reuters) -A U.S. judge is weighing whether to temporarily block the Trump administration from dismantling the U.S. Agency for International Development and carrying out plans to put thousands of its workers globally on administrative leave at midnight. U.S. District Judge Carl Nichols in Washington on Friday…
By Michael S. Derby NEW YORK (Reuters) – The full suite of tariffs sought by the Trump administration would have created notable upward pressure for already high levels of inflation, a report by the Federal Reserve Bank of Boston released on Thursday said. The 25% tariffs Trump was to impose on Mexico and Canada, joined…
By Anna Tong, Akash Sriram SAN FRANCISCO (Reuters) -ChatGPT maker OpenAI said on Thursday that it is evaluating U.S. states as potential artificial intelligence data center locations for its massive Stargate venture, framing the project as a matter of urgency for the United States to beat China in the global AI race. “As news emerged…
WASHINGTON (Reuters) -Agents working for billionaire Elon Musk have accessed highly restricted government records on millions of federal employees maintained by the Office of Personnel Management, the Washington Post reported on Thursday, citing four U.S. officials with knowledge of the developments. The records accessed by Musk’s Department of Government Efficiency (DOGE) included Treasury and State…
(Reuters) -Alphabet’s Google is scrapping its goal to hire more employees from historically underrepresented groups and is reviewing some of its diversity, equity and inclusion (DEI) initiatives, the Wall Street Journal reported on Wednesday. With this, Google joins a slew of U.S. businesses that have been scaling back their diversity initiatives, years after pushing for…
(Reuters) – UnitedHealth has reached out to the U.S. Securities and Exchange Commission about billionaire investor Bill Ackman’s now-deleted post on social media platform X that said he would take a short position in the healthcare conglomerate. WHY IT’S IMPORTANT “If I still shorted stocks, I would short United Healthcare,” Ackman said in his post,…
By Waylon Cunningham (Reuters) – U.S. diner chain Waffle House has added a 50-cent surcharge for every egg in a customer’s order, the company said in a statement posted in its restaurants on Monday. The fee is temporary, the company said in a statement Tuesday, and is a response to a “dramatic increase in egg…
