(Reuters) – The U.S. has sued to block a proposed merger between American Express Global Business Travel Group and CWT Holdings, saying the $570 million deal would eliminate competition between the largest and third largest providers of business travel management services. The deal threatens to undermine competition for those services in the U.S., the Department … Read more
By Katie Paul (Reuters) – Meta Platforms is ending its diversity, equity, and inclusion (DEI) programs, including those for hiring, training and picking suppliers, it said in a memo to employees posted on an internal company forum on Friday. The move comes in the run-up to U.S. President-elect Donald Trump’s inauguration, as the company attempts … Read more
WASHINGTON (Reuters) – U.S. consumers expect inflation to increase over the next 12 months and beyond, likely reflecting concerns that broad tariffs on imports pledged by President-elect Donald Trump’s incoming administration could raise prices for households. The University of Michigan’s survey showed consumers’ one-year inflation expectations jumped to 3.3% in January, the highest level since … Read more
(Bloomberg) — As attention turns to the causes of this week’s devastating Los Angeles wildfires, evidence has emerged that power lines close to where one of the deadliest conflagrations started weren’t shut off, despite warnings about high winds. Most Read from Bloomberg Arcing and faulty electricity transmission lines have been connected to numerous fires in … Read more
Meta founder and CEO Mark Zuckerberg stunned many with his announcement that he was pulling the plug on fact-checking at Facebook and Instagram in the United States, leaving other countries such as Brazil wondering what will change for them (Kirill KUDRYAVTSEV) Brazil on Friday gave social media giant Meta 72 hours to explain its fact-checking … Read more
By Michelle Nichols UNITED NATIONS (Reuters) – U.N. Secretary-General Antonio Guterres is disappointed that the world’s biggest asset manager, BlackRock BLK.N, has left a global initiative to combat climate change, his spokesperson said on Friday, urging other companies to “stay the course.” The move came under pressure from Republican politicians. BlackRock, which manages some $11.5 … Read more
Jamie Dimon has been vocal in making the case for working from the office.Photograph: Kent Nishimura/Bloomberg via Getty Images JPMorgan Chase is summoning all staff back to the office, becoming the latest corporate giant to call time on era of remote and hybrid working sparked by the Covid-19 pandemic. The US’s largest bank, which has … Read more
(Bloomberg) — US aviation safety regulators are investigating a Delta Air Lines Inc. flight in which four people were injured after pilots aborted takeoff due to a possible engine problem, with passengers using emergency slides to flee onto a snow-covered runway. Most Read from Bloomberg The incident at Hartsfield-Jackson Atlanta International Airport occurred at about … Read more
(Reuters) – U.S. President-elect Donald Trump won’t be involved in the day-to-day management of the Trump Organization once he takes office, the Wall Street Journal reported on Friday, citing an ethics plan from the company. Quinn Emanuel’s William Burck will assist in developing internal ethics policies and procedures to avoid any perceived conflicts, the report … Read more
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Wall Street’s most watched gauge of investor anxiety rose to a three-week high on Friday as stock indexes sold off following a an upbeat jobs report that pushed back market expectations for further Federal Reserve interest rate cuts. The Cboe Volatility Index – an options-based indicator that … Read more