U.S. President Donald Trump in the Oval Office at the White House on Feb. 14, 2025.Nathan Howard | ReutersA three-judge panel of the 9th U.S. Circuit Court of Appeals on Wednesday declined the Justice Department’s request to immediately reinstate President Donald Trump’s executive order limiting birthright citizenship, setting up a potential emergency application to the Supreme Court. Legal experts have said Trump’s order conflicted with the Fourteenth Amendment, which extends American citizenship to anyone born on U.S. soil, by denying citizenship to future children born in the United States if their mothers were unlawfully present in the country and their fathers were…
Author: user
“When everyone is included, everyone wins.” “Inclusion is not a matter of political correctness. It is the key to growth.” The long-time US civil rights activist the Reverend Jesse Jackson is often quoted on the subject of inclusion and these two particular axioms of his are becoming more relevant to business leaders with every passing day. In a world where diversity — among consumers, markets, and workforce talent — is growing, the ability to create an inclusive work culture has become an increasingly essential skill for both aspiring and established leaders. The word “inclusion” is often paired with “diversity.” For…
(Bloomberg) — Australia’s central bank assessed that keeping interest rates unchanged this year would have resulted in core inflation going below the 2.5% midpoint of its target, Deputy Governor Andrew Hauser said. Most Read from Bloomberg In updated economic forecasts released at the same time as Tuesday’s policy announcement, the Reserve Bank estimated that trimmed mean inflation would fall to 2.7% from mid-2025 and remain there through mid-2027. That estimate was based on market pricing for three rate cuts this year. The RBA’s decision to cut rates even after the forecasts showed core CPI wouldn’t reach the midpoint of the…
The People’s Bank of China (PBoC) has set up a fintech committee. Zhang Peng | LightRocket | Getty ImagesChina kept its key lending rates unchanged Thursday, as Beijing prioritizes financial stability over interest rate easing to bolster the economy.The People’s Bank of China held the 1-year loan prime rate unchanged at 3.1%, and the 5-year LPR at 3.6%. The decision was in line with Reuters poll estimates.The benchmark lending rates — normally charged to banks’ best clients — are calculated monthly based on designated commercial banks’ proposed rates submitted to the PBOC. The one-year LPR influences corporate loans and most…
(Bloomberg) — Asian equities fell Thursday after Federal Reserve minutes showed fresh caution on interest rate cuts and President Donald Trump called for more tariffs. Most Read from Bloomberg Shares in Japan, Australia and South Korea edged lower alongside Hong Kong equity index futures. US contracts declined in a sign the S&P 500 will pare much of its Wednesday gains. Downward pressure on Japanese equities partly reflected a stronger yen. The currency rallied for a second day against the greenback to trade around 151 per dollar. An index of the US currency was slightly lower after climbing in the prior…
Igor Golovniov | SOPA Images | Lightrocket | Getty ImagesAmazon said it would stop support for its unified communications service, Chime, next year and will not accept new customers beginning Wednesday.Amazon employees have long used Chime, which lets users meet, chat and place business calls inside and outside the organization, as a preferred service for video calls.”After careful consideration, we have decided to end support for the Amazon Chime service, including business calling features, effective February 20, 2026,” Amazon’s cloud unit AWS said in a blog post.Earlier this week, the company also shut down Inspire, its TikTok-like, short-form video and photo feed that was previously…
Say it ain’t so, Don!The Trump administration, cloaking itself in the mantle of concern for the “working class,” has withdrawn the Biden-era federal approval for congestion pricing, cutting funding for billions of dollars in repairs to the region’s lifeblood transit system — but the White House move was immediately challenged by a suit by the MTA in federal court.In a letter sent by U.S. DOT Secretary Sean Duffy to Gov. Hochul — first handed out to the Post — the White House revealed that it would pull the congestion pricing approval, granted by the Biden administration under a 34-year-old federal tolling program…
Traders work on the floor of the New York Stock Exchange during morning trading on Feb. 19, 2025.Michael M. Santiago | Getty Images News | Getty ImagesS&P 500 futures moved lower Wednesday evening on the heels of the broad market index scoring a new all-time high and a closing record in the regular trading session.Futures tied to the S&P 500, along with Nasdaq-100 futures, fell 0.1%. Meanwhile, futures linked to the Dow Jones Industrial Average slid 52 points, or 0.1%.On Wednesday, the S&P 500 posted its second consecutive winning session after hitting another all-time high. The Nasdaq Composite and the…
Investors seeking overlooked opportunities in today’s market should consider California carbon allowances. Source link
What role does firm size play in the relationship between board gender diversity and firm performance? Sana Mohsni and Alia Shata of Carleton University explored that question in their 2021 Hillsdale Investment Management – CFA Society Toronto Investment Research Award-winning paper, “Board Gender Diversity and Firm Performance: The Role of Firm Size.” Mohsni and Shata examined 371 Canadian company listed on the S&P / TSX Composite Index from 2010 to 2019 and used several board gender diversity measures, as well as return on assets (ROA) and return on equity (ROE) as firm performance metrics. Their conclusion? Smaller is better. Firm…