DIRS.INFO The most relevant business & tech news

☆ Harley-Davidson is dropping diversity initiatives after right-wing anti-DEI campaign
▼ + stars: | 2024-08-19 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

Harley-Davidson said Monday that it’s ending diversity and other progressive initiatives at the company. Harley-Davidson is the latest major American brand to backtrack from DEI policies it had supported in recent years. Harley-Davidson faced pressure online from Robby Starbuck, a conservative activist who has successfully taken on DEI policies at several American companies. The company also said it would end its relationship with the Human Rights Campaign, a leading LGBTQ+ advocacy group. Harley-Davidson joins Tractor Supply and John Deere to backtrack on policies following pressure campaigns led by Starbuck.

Persons: John Deere, Harley, Davidson, Robby Starbuck, Starbuck, “, Harley Davidson, ” Starbuck, Elon Musk Organizations: New, New York CNN — Tractor, Harley, Wisconsin LBGT Chamber of Commerce, Human Rights, United, CNN, Tractor Supply Locations: New York, Milwaukee, Wisconsin

The decision by Mr. Buck, a Republican, to resign next week rather than at the end of the year complicated what was already a rocky path for Ms. Boebert to secure his seat. The state’s Democratic governor, Jared Polis, quickly announced a special election would be held on June 25 to fill Mr. Buck’s seat. That left Ms. Boebert with a conundrum: If she resigned from her current seat in order to run in the special election, she would risk reducing the Republicans’ already razor-thin House majority by teeing up a special election in her current district, where a Democrat has a chance of winning. In 2022, Ms. Boebert nearly lost her district, which is on the Rockies’ western slopes, to Adam Frisch, a Democrat. If she had resigned by May 14, it would have given Mr. Frisch a shot at winning her seat in a special election.

Persons: Lauren Boebert, Ken Buck, Buck, Boebert, Jared Polis, Buck’s, Republicans ’, Mike Johnson, Adam Frisch, Frisch Organizations: firebrand Republican, Republican, Democratic, Republicans, Rockies, Democrat Locations: Colorado

☆ How using the 14th Amendment against Trump went from a ‘pipe-dream fantasy’ to the Supreme Court
▼ + stars: | 2024-02-06 | by ( Marshall Cohen | ) edition.cnn.com time to read: +19 min

‘A sheer coincidence’The journey to the Supreme Court unknowingly began even before the insurrection itself. (In the Cawthorn case, the group partnered with a retired GOP state Supreme Court justice.) CREW appealed to the Colorado Supreme Court, whose members were all appointed by Democratic governors, though they originate from a pool of candidates recommended by a bipartisan panel. Trump appealed the Colorado ruling to the US Supreme Court in early January and oral arguments are set for Thursday. “It’s embarrassing, and it shows the imbalance on our state Supreme Court,” Buck told CNN.

Persons: Donald Trump, “, –, Marjorie Taylor Greene, Madison Cawthorn, coalescing, ”, Donald Sherman, Gerard Magliocca, ” Magliocca, United States …, Trump, Donald Trump’s, Jack Dempsey, Mitch McConnell, ” He’d, hadn’t, James Bopp, Greene, didn’t, Ron Fein, resoundingly, Bopp, ” Fein, Couy Griffin, ” Sherman, Griffin, ” Griffin, Trump’s, William Baude, Michael Stokes Paulsen, J, Michael Luttig, ‘, Sherman, Winston Pingeon, Pingeon, Sarah Wallace, ” Donald Sherman, State Jena Griswold, FDR, Norma Anderson, “ I’ve, Wallace, Magliocca, disqualifying Trump, Carlos Samour, vindicating, Ken Buck, Ken Buck of Colorado, denialism, Buck, ” Buck, …, ” CNN’s Scott Bronstein Organizations: Washington CNN, Trump, Liberal, Rep, Madison, Citizens, Indiana University, United, Capitol, AP Police, National Guard, Republican, Republicans, GOP, Amnesty, ”, Cowboys, Trump Republicans, Federalist Society, Colorado Supreme, US Capitol Police, Responsibility, Ethics, Abaca Press, Colorado, State, Colorado Legislature, Court, Democratic, Dissenting, US Supreme, Supreme, CNN Locations: Colorado’s, Colorado, Thursday’s, America, Washington, United States, DC, Colorado and Maine, Marjorie Taylor Greene of Georgia, North Carolina, Cawthorn, Georgia, New Mexico, Denver, “ Colorado, Israel, Michigan, Minnesota, Washington ,, Dissenting Colorado, Oregon, Illinois, Ken Buck of

☆ American CEOs serve China’s Xi a too-rich dessert
▼ + stars: | 2023-11-16 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +4 min

REUTERS/Kevin Lamarque Acquire Licensing RightsNEW YORK, Nov 16 (Reuters Breakingviews) - America’s corporate chieftains were thrilled to see China’s President Xi Jinping at Wednesday’s gala dinner in San Francisco. So thrilled that they gave him a standing ovation, according to Reuters. He has defended China’s stance on Taiwan, equating the self-governing island’s relationship with the People’s Republic to Hawaii’s position vis-à-vis the United States. The standing ovation is just a new, cringeworthy way to follow the money. Xi received a standing ovation as he entered the room and before and after he took the stage, the report said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Xi, Tim Cook, Larry Fink, Steve Schwarzman, Ray Dalio, Bridgewater, Tesla, Elon Musk, Apple’s Cook, Ding Xuexiang, Howard Schultz, Biden, “, John Foley, Aditya Sriwatsav Organizations: Economic Cooperation, REUTERS, Reuters, Apple, Blackstone, ”, China, Xi, Thomson Locations: Filoli, Asia, Woodside , California, U.S, San Francisco, BlackRock, China, United States, Taiwan, Republic, Schwarzman, Beijing

☆ Falling stocks, climbing mortgage rates: how 5% Treasury yields could roil markets
▼ + stars: | 2023-10-20 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

Expectations that the Federal Reserve will keep interest rates elevated and mounting U.S. fiscal concerns are among the factors driving the move. Because the $25-trillion Treasury market is considered the bedrock of the global financial system, soaring yields on U.S. government bonds have had wide-ranging effects. "The longer we remain at higher interest rates, the more likely something is to break." Elon Musk warned that high interest rates could sap electric-vehicle demand, which knocked shares of the sector on Thursday. Reuters GraphicsThe U.S. dollar has advanced an average of about 6.4% against its G10 peers since the rise in Treasury yields accelerated in mid-July.

Persons: Brendan McDermid, Gennadiy Goldberg, Jerome Powell, Powell, Elon Musk, Tesla’s, gravitating, Athanasios Vamvakidis, Saqib Iqbal Ahmed, Ira Iosebashvili, Stephen Coates Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, TD Securities, Reuters, Global Research, Reuters Graphics, ICE, Fed, Thomson Locations: New York City, U.S, New York, Treasuries

☆ Soaring Treasury yields ignite turbulence throughout markets
▼ + stars: | 2023-10-05 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +4 min

Because the $25-trillion Treasury market is considered the bedrock of the global financial system, soaring yields on U.S. government bonds have had wide-ranging effects. Higher Treasury yields can curb investors' appetite for stocks and other risky assets by tightening financial conditions as they raise the cost of credit for companies and individuals. With some Treasury maturities offering far above 5% to investors holding the bonds to term, rising yields have also dulled the allure of equities. Reuters GraphicsWith Treasury yields surging, credit market spreads have widened as investors demand a higher yield on riskier assets, such as corporate bonds. The MOVE index (.MOVE), a measure of expected volatility in U.S. Treasuries, has surged to a 4-month high, signaling expectations for continued Treasury market ructions.

Persons: Andrew Kelly, That's, Saqib Iqbal Ahmed, Davide Barbuscia, Ira Iosebashvili, Nick Zieminski Organizations: United States Department of, Washington , D.C, REUTERS, Treasury, Federal Reserve, Bank of America Global Research, Reuters, Traders, Reuters Graphics, Silicon Valley Bank, Signature Bank, Thomson Locations: Washington ,, U.S, Silicon

☆ Former Starbucks CEO Howard Schultz steps down from board of directors
▼ + stars: | 2023-09-13 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks announced Wednesday that Howard Schultz is stepping down from its board of directors – but the former chairman’s name will be sticking around. Though Schultz is retiring, Starbucks is giving him the title of “lifelong Chairman Emeritus.”Schultz is stepping down as part of a planned transition, Starbucks said in a statement. He previously stepped down as CEO in March, as employees at stores across the nation moved to unionize. That was Schultz’s third time serving in the CEO role. Then, in April 2022, Johnson stepped down and Schultz took over the coffee giant as interim CEO.

Persons: Howard Schultz, –, Schultz, ” Schultz, Sheri, Wei Zhang, Zhang, Ralph Lauren Corporation, Jack Ma, ”, Laxman Narasimhan, “, Kevin Johnson, Johnson, Narasimhan Organizations: New, New York CNN, Starbucks, Alibaba, Alibaba Pictures, Los Angeles Sports & Entertainment Commission, Amblin Partners, Jack Ma Foundation, Starbucks Workers Locations: New York, China, Oleato

☆ The First Chinese American Movie Star and the Cost of Glittering Fame
▼ + stars: | 2023-08-23 | by ( Jennifer Szalai | More About Jennifer Szalai | ) www.nytimes.com time to read: +2 min

Unlike “Daughter of the Dragon” the film, “Daughter of the Dragon” the book is clearly intended as a form of reclamation and subversion. “Anna May drew attention to or even exploded the stereotype by overacting these roles,” Huang writes, not entirely convincingly. “She has to take what is offered.” Especially when she is an Asian American woman at a time when Asian roles often went to white actors in adhesive tape and yellowface. The Production Code of 1930, which banned onscreen portrayals of miscegenation and interracial relationships, was a “virtual form of foot-binding for Anna May,” Huang writes. (The only film in which she was kissed by a white man was “Java Head,” a British production.)

Persons: Huang, ”, Anna May, ” Huang, Julian Barnes, ” Wong, Wong, — “ Dietrich, Anna, Mary, Mary despaired, Pearl Organizations: Java Locations: ”, Asian American, Hollywood, British, China, yellowface

☆ New Starbucks CEO plans to pull barista shifts in stores every month
▼ + stars: | 2023-03-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN —Starbucks’ new CEO Laxman Narasimhan teased his plan for the company in a letter to employees. It includes working in Starbucks stores as a barista once a month. “Critically, we will reinvigorate our culture around what it means to be a partner at Starbucks,” Narasimhan continued. Starbucks employees react and cheer at the sound of honking motorists supporting them in a nationwide strike at the Starbucks at 1601 W. Irving Park Road on Dec. 16, 2022, in Chicago. Schultz, who remains on Starbuck’s board, is scheduled to testify about Starbucks’ labor practices during a Senate hearing next week.

☆ Intuit Names Next CFO Following Michelle Clatterbuck’s Planned Departure
▼ + stars: | 2023-02-23 | by ( Denny Jacob | ) www.wsj.com time to read: 1 min

Intuit Inc. on Thursday named Sandeep Singh Aujla as its next chief financial officer following Michelle Clatterbuck’s pending departure. The tax preparation software maker said Mr. Aujla, currently senior vice president of finance of its small business and self-employed group as well as its technology organization, will take over as CFO effective Aug. 1. Ms. Clatterbuck, who has served as CFO since February 2018, plans to step down on July 31. Write to Denny Jacob at denny.jacob@wsj.comCopyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

☆ Analysis: Investors look to emerging markets as planets align for end of dollar bull market
▼ + stars: | 2022-12-06 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +5 min

NEW YORK, Dec 6 (Reuters) - As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. Signs of a broader turn in dollar sentiment are visible in the buck’s 8% decline against a basket of developed market currencies from its September highs. "The planets are lining up for a dollar bear market," said Paresh Upadhyaya, director of fixed income and currency strategy at Amundi US. Emerging market currencies have outperformed their developed market counterparts this year, with MSCI's index of emerging market currencies down 5% year-to-date, while the dollar's G10 peers have lost nearly twice as much. Conversely, tightening by central banks around the world also risks sparking a global recession, a scenario some believe could hurt emerging market currencies and help the dollar.

☆ I Finally Found a Hat That Fits Over a Bun, Top-Knot or Updo
▼ + stars: | 2022-11-27 | by ( ) www.wsj.com time to read: +3 min

When I started wearing my hair in a bun virtually every day, I discovered that wearing a sun hat became…a real pain in the buns. Suddenly, the bucket hat styles that I’d loved for years either didn’t stay on my bun-topped head or looked rather ridiculous—like a lumpy Cat in the Hat. The North Face hat is made for outdoor adventures, fabricated from a durable, quick-dry recycled nylon with a perfectly-angled bucket brim with some oomph to it. The North Face name and logo comes embroidered boldly and noticeably smack-dab on the forehead, which was a little too much for me. Once I started wearing it all the time, in my Brooklyn neighborhood, I realized it was more an object of envy than ridicule.

Search resuls for: "Buck’s"

12 mentions found