McDonald’s, the iconic fast-food chain, has joined a growing list of US corporations scaling back diversity, equity, and inclusion (DEI) initiatives. In a Monday announcement, the company revealed significant changes to its approach, including the elimination of aspirational representation goals, commonly referred to as quotas. McDonald’s also retired its pledge to hire a diverse group […]
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Nippon Steel and US Steel have initiated a federal lawsuit against the Biden administration, challenging its decision to block a proposed nearly $15 billion acquisition of the Pittsburgh-based US Steel by the Japanese steelmaker. The lawsuit, filed on Monday in the US Court of Appeals for the District of Columbia, alleges that the decision was […]
Wall Street’s main indexes opened higher on Monday after last week’s losses as a report suggested that the incoming Trump administration could adopt a less aggressive tariff stance. Major stocks also rose as chip stocks in the US gained on Monday. At the time of writing, the Dow Jones Industrial Average was 0.2% higher, while […]
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OpenAI CEO Sam Altman has revealed that the company’s $200-per-month ChatGPT Pro plan is currently operating at a loss. This surprising admission comes as the company grapples with the high demand for its premium AI services. In a series of posts on X, Altman stated, “I personally chose the price, and thought we would make […]
Asia’s IPO market is poised for a robust revival in 2025, as India has a promising line-up and Hong Kong shows recovery. Led by a resilient economy and strong demand from mutual funds that is keeping markets elevated, India is expected to exceed its record-breaking $20.7 billion in new-share sales achieved in 2024. In Hong […]
The MAGA memecoin, a project inspired by former US President Donald Trump, surged over 42% in the last 24 hours, trading at $3.58 at the time of writing. The Ethereum-based token has seen its fully diluted valuation rise to $163 million, supported by an average trading volume of $53 million in the past day. This […]