Business

From Google to Goldman Sachs, here are the top U.S. companies backtracking on diversity initiatives after capitulating to Trump’s war on DEI
Corporate America embraced diversity, equity and inclusion initiatives following the protests that accompanied the police killing of George Floyd in 2020. ...

The Boomer housing crisis is pacing to get even worse: ‘We’ve never had a population pyramid that looks like this’
Developers are not responding to heightened demand when it comes to senior housing. Many retirees are set to face waitlists ...

Duolingo offers a master class in how to kill off a company mascot
“Tbh, he probably died waiting for you to do your lesson, but what do we know.” Read More

Bret Taylor faced off against Elon Musk in the Twitter takeover drama. As OpenAI chair, he now has to do it again
The mild-mannered entrepreneur finds himself at the center of an Elon Musk takeover drama for the second time. Read More

Trump says US and Russia to start talks on Ukraine war ‘immediately’
President says he has instructed his team to begin negotiations on ending conflict

The U.S. just hit its lowest score ever on an international corruption measure
The Corruption Perceptions Index ranks 180 countries across a myriad of anti-corruption metrics. Read More

Return to pre-2014 Ukraine borders ‘unrealistic’, says US defence secretary
Donald Trump has vowed to end the almost three-year-long war as soon as possible

Pete Hegseth says Ukraine joining NATO is ‘unrealistic’ and demands member nations take responsibility for their own security: ‘The United States will no longer tolerate an imbalanced relationship’
Hegseth said Ukraine’s Western backers must abandon the “illusionary goal” of returning the country to its pre-2014 borders. Read More

Rate cuts put on ice as consumer inflation surges to a 9-month high
“We’re really not making progress on inflation right now,” said one economist. Read More

Some people are obsessed with Papa John’s buttery garlic dipping sauce, so the chain is introducing a limited-edition bath bomb based on the condiment
Valentine’s Day is going to be a bit…stinky. Read More

A 78-year-old pilot was killed after the landing gear on his private jet failed. His wife says he died doing what he loved
Joie Vitosky was certified as a flight engineer since 1978 and a pilot since 2019. Read More

Trump’s small business department fired staff and said it was an accident—then emailed the next day re-firing them
Probationary staffers reportedly received a series of emails relating to terminations amid widespread headcount cuts in department agencies. Read More

Exclusive: Legal AI startup Harvey lands fresh $300 million in Sequoia-led round as CEO says on target for $100 million annual recurring revenue
The three-year-old San Francisco AI startup fetched a $3 billion valuation — double the amount investors valued it at in ...

UK trader wins fight against extradition to US on insider trading charges
UK Supreme Court on Wednesday quashed extradition of Joseph El-Khouri, curbing the reach of US prosecutors

Meta is warning lonely hearts to beware of romance scams on Facebook and Instagram around Valentine’s Day. Watch out for these red flags
Scammers tend to pose as “attractive, single and successful individuals,” Meta says. Read More

The White House banned an Associated Press reporter because the news agency hasn’t changed its style guide for ‘Gulf of Mexico.’ Experts say the move ‘plainly violates the First Amendment’
The AP Stylebook is relied on by thousands of journalists and other writers globally. Read More

Starmer summons UK defence chiefs in tussle over spending
Trump is pushing European governments to commit much higher funding to armed forces

HR succession planning is broken and your company’s next CHRO will probably come from outside
“Executives that want to bring in a really transformational CHRO have to go to a headhunter.” Read More

Everyday prices increased again in January, and so did inflation
The January Consumer Price Index showed that while average price gains are moderating, some everyday prices are seeing big price ...

The end of Goldman’s IPO diversity rule abandons one of the business world’s most powerful levers for diversity
Diversity standards at Goldman and Nasdaq were powerful—but are now gone. Read More

US inflation unexpectedly increases to 3% in January
Figure bolsters case for Federal Reserve to proceed slowly with interest rate cuts

JPMorgan’s CFO says succession planning for CEO Jamie Dimon is ‘strong as ever’
The firm’s board is approaching the process with fairness and discipline, Jeremy Barnum says. Read More

Canada appoints former Mountie as fentanyl czar as part of deal with Trump to avoid 25% tariffs
President Donald Trump recently threatened to impose steep tariffs on all goods from Canada, citing the southbound flow of migrants ...

Small business owners warn Trump’s tariffs will cut deep: ‘We are losing a lot of money’
“Small businesses run on very small margins. And so a 25% increase in any product is going to hurt,” one ...

Heineken’s blockbuster results driven by premium beer and 0.0 drinks as European stocks reach record high
CEO Dolf van den Brink said Heineken would continue to investments through 2025 as part of its “EverGreen Strategy” to ...

iPhone manufacturer Foxconn confirms it would seek to buy Renault’s stake in Nissan if up for grabs
With Renault’s alliance with Nissan on the rocks, Foxconn could scoop up its 15% interest as part of a plan ...

ASML boss says young people are always asking him how to become CEO. He calls it an ‘absurd’ question
ASML CEO Christophe Fouquet says young workers should focus on what they’re going to do tomorrow. Read More

e.l.f. Beauty CEO on how to reach Gen-Z women
Also: Altman gets candid about Elon, Powell shrugs off possibility of Trump firing Fed members. Read More

Baidu CEO defends heavy AI investments as competition heats up and Apple reportedly looks elsewhere
“When technology still evolves at such a rapid rate, you just cannot stop investing,” CEO Robin Li said in Dubai ...

Musk appears alongside Trump in the White House to admit mistakes will happen in DOGE’s major government reform: ‘Nobody is going to bat 1,000’
Elon Musk admitted he won’t be correct 100% of the time in his work at DOGE, after being questioned if ...