(Reuters) – Citigroup will no longer require a diverse slate of candidates for job interviews, its CEO said in a memo on Thursday, as corporate America contends with a new business climate under President Donald Trump. The bank will not have “aspirational representation goals” except as required by local law, CEO Jane Fraser said. It …
Citigroup joins corporate retreat from diversity initiatives Read More »
By Sriparna Roy (Reuters) – Eli Lilly is betting big on its experimental oral weight-loss drug even before reporting data from its late-stage trial by recording nearly $550 million in “pre-launch inventory” in its financial statements, a filing showed on Wednesday. The move is unusual as it comes more than a year before the drug, …
Eli Lilly bets big on weight-loss pill with $550 million inventory stockpile Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street nursed a bruising on Walmart’s downbeat results, casting a cloud over the U.S. consumer just as more buoyant European markets awaited the weekend’s German election. Another blizzard of often conflicting influences from geopolitics, trade, monetary policy and corporate earnings …
Morning Bid: Walmart clips Wall St, euro eyes German vote Read More »
By Carolina Mandl NEW YORK (Reuters) – Nvidia’s profit report next week could steer the U.S. stock market’s course, as investors seek confirmation that the AI-driven investment trend, which has powered equities for two years, is intact after last month’s panic-selling triggered by the Chinese startup DeepSeek. Seen as a bellwether of the burgeoning AI …
TOKYO (Reuters) – Taiwan’s Foxconn has proposed forming a partnership with Japan’s Honda Motor, aiming to create a tie-up framework that also includes rival carmakers Nissan Motor and Mitsubishi Motors, the Nikkei newspaper reported on Friday. The chairman of Foxconn, the world’s largest contract electronics manufacturer, earlier this month said it would consider taking a …
Foxconn has asked Honda to form partnership, Nikkei reports Read More »
By Elizabeth Howcroft, Lucinda Elliott and Hannah Lang (Reuters) – A cryptocurrency that briefly surged on Argentine President Javier Milei’s support before crashing is the latest in a series of politically endorsed meme coins facing a backlash. The Libra cryptocurrency was launched in Argentina last Friday, after U.S. President Donald Trump and his wife released …
Analysis-Politician-linked meme coins backfire after Libra scandal Read More »
By Sameer Manekar and Rishav Chatterjee (Reuters) -Mexican fast-food chain Guzman y Gomez on Friday reported first-half underlying earnings that missed estimates as declining sales at its U.S. outlets raised concerns about ambitions to break into the world’s largest market. The company, which listed in Australia last year, reported underlying earnings before interest, taxes, depreciation …
Guzman y Gomez shares plunge as U.S. sales slow, underlying profit misses Read More »
(Reuters) – AustralianSuper, the country’s largest pension fund, was fined A$27 million ($17.3 million) after a court found it had failed to identify and merge duplicate member accounts, the corporate watchdog said on Friday. The firm, which has over 3.5 million members and A$365 billion in assets, did not have adequate procedures in place to …
AustralianSuper fined $17 million for failure to merge duplicate accounts Read More »
By Scott Murdoch and Byron Kaye (Reuters) – U.S. property data group CoStar made a A$2.65 billion ($1.69 billion) approach for Australian No. 2 real estate classifieds company Domain, swooping on a lacklustre performer in a market primed for a resurgence. The deal would be the first Australian foray for CoStar and would reshape dynamics …
CoStar makes $1.7 billion play for Australia property classifieds firm Domain Read More »
(Reuters) -Meta Platforms has cut back on its yearly distribution of stock options by about 10% for tens of thousands of employees despite the social media giant trading at record highs this month, the Financial Times reported on Thursday. Employees receive equity refreshers every year that make up the majority of their remuneration, alongside base …
Meta reduces stock options for staff despite trading at record highs, FT reports Read More »
