LMF Web Extra: Romonta

Facebook and Instagram parent company Meta Platforms Inc. joins a growing list of companies that are pulling back on diversity, equity and inclusion initiatives. Like others before it, the social media giant cited a U.S. Supreme Court decision in July 2023 that outlawed affirmative action in college admissions. Conservative activists have gone after companies — […]

MENLO PARK, Calif. (AP) — Joining companies such as John Deere and Walmart, Facebook and Instagram’s parent company Meta Platforms Inc. is getting rid of its diversity, equity and inclusion program that includes hiring, training and picking vendors, a company spokesperson confirmed on Friday. The move, which was first reported by Axios, comes on the […]

WASHINGTON (AP) — U.S. job growth surged and unemployment fell last month, an unexpected show of strength that may prove costly to homebuyers and businesses who were counting on sharply lower interest rates to lower the cost of buying everything from refrigerators to homes. Employers added 256,000 jobs last month, up from 212,000 in November, […]

LOS ANGELES (AP) — Los Angeles sports organizations are uniting to launch an “LA Strong” custom logo and apparel line that will raise money for organizations assisting those impacted by this week’s devastating wildfires. Fanatics announced Friday that T-shirts featuring the new logo will be available to purchase on team and league online stores, as […]

NEW YORK (AP) — U.S. stocks fell Friday on worries that good news on the job market may be too good and prove to be bad for Wall Street by keeping inflation and interest rates high. The S&P 500 tumbled 1.5% to close its fourth losing week in the last five. The Dow Jones Industrial […]

WASHINGTON (AP) — The Supreme Court seemed likely to uphold a law that would ban TikTok in the United States beginning Jan. 19 unless the popular social media program is sold by its China-based parent company. Hearing arguments in a momentous clash of free speech and national security concerns, the justices seemed persuaded by arguments […]

NEW YORK (AP) — It’s been a tough football season for sports books. FanDuel and its key rival DraftKings have both showed investors that the house can indeed lose, or at least lose more than anticipated. Flutter Entertainment, which operates FanDuel and dominates the sports betting industry with a market value of $45 billion, said […]

The IRS on Friday announced Jan. 27 as the official start date of the 2025 tax season, and expects more than 140 million tax returns to be filed by the April 15 tax deadline. The announcement comes with agency in the midst of a massive overhaul, attempting to improve its technology and customer service processes […]

NEW YORK (AP) — Kohl’s said Friday it was closing 27 underperforming locations in 15 states by April — a fraction of its 1,150 store base — as the struggling department store chain aims to boost profitability and improve sagging sales. The announcement comes as the Menomonee Falls, Wisconsin-based chain has posted 11 consecutive quarters […]

Constellation is buying natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country’s biggest power companies. The acquisition would create the nation’s leading retail electric supplier, serving 2.5 million customers, the companies said Friday. It’s geographic footprint will span the continental U.S. and include a significantly expanded presence in […]

FRANKFURT, Germany (AP) — The Group of Seven democracies have sought to crimp Russia’s oil export earnings that help fund the war against Ukraine. But Western governments and sanctions experts say Moscow has resorted to using a so-called shadow fleet of hundreds of aging tankers of uncertain ownership and safety practices that are dodging sanctions […]

Walgreens booked a better-than-expected fiscal first quarter and gave Wall Street some positive vibes on the drugstore chain’s plan to revive its struggling business. Company shares soared Friday after leaders told analysts they have made progress improving one of the biggest concerns facing the industry, shrinking prescription reimbursement, and said their store-closing plan was progressing […]

DETROIT (AP) — The Honda Civic hybrid won the 2025 North American Car of the Year award, while the Ford Ranger took the crown for the truck honors, and Volkswagen ID. Buzz won the utility award. The honors, announced Friday morning during an Automotive Press Association event kicking off the North American International Auto Show […]

Delta Air Lines topped profit and revenue expectations in the fourth quarter on strong demand during the crucial holiday period. Delta said Friday that travel demand picked up throughout the quarter. During November and December, the airline said that it saw four of the top 10 revenue days in its history and double-digit growth in […]

UNITED NATIONS (AP) — The world economy resisted battering by conflicts and inflation last year and is expected to grow a subdued 2.8% in 2025, the United Nations said Thursday. In “World Economic Situation and Prospects 2025,” U.N. economists wrote that their positive prediction was driven by the strong although slowing growth forecast for China […]

SACRAMENTO, Calif. (AP) — The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’s efforts to stabilize the state’s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk. The wind-driven blazes that started Tuesday roared through neighborhoods from the Pacific Coast inland to […]

BANGKOK (AP) — World shares were mixed on Thursday as the U.S. stock market remained closed to observe a National Day of Mourning for former President Jimmy Carter. London’s FTSE 100 climbed 0.8% to 8,319.69 as the value of the British pound slid against the U.S. dollar amid worries about the United Kingdom’s economy and […]

ALBANY, N.Y. (AP) — New York Gov. Kathy Hochul on Thursday said she will push for new laws to make it harder for hedge funds to purchase large numbers of single-family homes in the state. In a statement, Hochul said she would propose legislation this year that would require a 75 day waiting period before […]

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac. It was at 6.66% a year ago. It has risen for four straight weeks. The uptick in […]