business News

Citigroup axes DEI goals, makes major change on job interviews - New York Post

“It is important to note that we’re living in an environment where things are changing quickly,” CEO Fraser wrote.

Japan's inflation rate climbs to a 2-year high of 4% in January, supporting rate hike calls from BOJ members - CNBC

Core inflation — which excludes prices of fresh food — rose to 3.2% from 3% in the prior month and beat economists' expectations of 3.1%, according to a Reuters poll.

Delta Air Lines offers $30,000 for each passenger on the flight that crashed in Toronto - CNN

Delta Air Lines is offering passengers who were on the flight that crashed and overturned at Toronto Pearson International Airport $30,000 each.

Founder of student aid startup Frank faces criminal trial over whether she defrauded JPMorgan Chase - The Associated Press

A woman backed by wealthy advisers who built a company to make it easier for college students to apply for financial aid has gone on trial on criminal charges that she defrauded JPMorgan Chase & Co. in a $175 million buyout. In opening statements in Manhattan…

Carbon removal is the next big fossil fuel boom, oil company says - The Verge

Occidental Petroleum talks about carbon removal as the next big thing for oil and gas production.

Exclusive | Celsius to Buy Rival Energy-Drink Maker Alani Nu for $1.8 Billion - The Wall Street Journal

The deal adds a fast-growing brand popular with young women to Celsius’s product line as its own growth slows

Florida files suit against Target, claiming DEI initiatives ‘misled investors’ - The Associated Press

Florida’s new attorney general has filed a federal lawsuit against Target, claiming the discount store chain “misled investors” by promoting diversity, equity and inclusion initiatives that prompted a backlash and ultimately cost shareholders. Before it scale…

‘Mar-a-Lago Accord’ Chatter Is Getting Wall Street’s Attention - Yahoo Finance

(Bloomberg) -- It sounds too radical to even warrant a second thought. That President Donald Trump could force some of the US’s foreign creditors to swap...

NGAD engines pass key design reviews, prototype work underway - Defense News

Work continues on the engines that might one day power the Next Generation Air Dominance fighter, though the fate of NGAD itself is still undetermined.

Wall Street’s New Money Is Shaking Up the Ranks of the Superwealthy - Bloomberg

Worth over $61 billion, the private credit titans made their fortunes in a once obscure corner of finance.

Peter Kafka: If Elon Musk's X threatened a big ad company with government interference, that's not OK - Business Insider

Elon Musk is big in Trump's government. He also owns X. Is X's Linda Yaccarino telling companies to give it business, or risk government reprisal?

Block Q4 Earnings, Revenue Miss Estimates. Square Stock Falls. - Investor's Business Daily

Citi becomes latest US company to abandon diversity targets - Financial Times

Donald Trump’s return to the presidency has sharpened criticism of diversity, equity and inclusion programmes

Rivian’s Earnings Are Out. How the Stock Is Reacting. - Barron's

Cruise Stocks Slide On Tax Crackdown Threat: 'Massive Overreaction' - Investor's Business Daily

Rivian beats Wall Street's fourth-quarter expectations, but expects lower deliveries in 2025 - CNBC

Rivian beat Wall Street's fourth-quarter earnings expectations and achieved its first gross quarterly profit but is forecasting lower sales in 2025.

CEO of Clearview AI, a controversial facial recognition startup, has resigned - TechCrunch

The CEO of controversial facial recognition startup Clearview AI has resigned, he confirms to TechCrunch.

JPMorgan Was Victim of Charlie Javice’s Lies, US Says at Fraud Trial Open - Bloomberg

JPMorgan Chase & Co. bought a 29-year-old entrepreneur’s lies when it acquired her college financial-planning startup for $175 million, federal prosecutors told a Manhattan jury at the start of Charlie Javice’s fraud trial.

New York accuses popular vape brands of fueling public health crisis - The Washington Post

The New York Attorney General filed a lawsuit against multiple vape companies on Thursday, alleging that they are “taking a page out of Big Tobacco’s playbook.”

Elon Musk Is Such a Garbage-Tier Dad That His Kids Find Out About Their New Siblings While Browsing Reddit - Futurism

Amid claims that Elon Musk has secretly fathered a new child, the billionaire's estranged daughter, Vivian Wilson, is posting through it.