Stocks dip after S&P hits record high as earnings aid fades
U.S. equities slipped after a record S&P 500 and ongoing inflation and debt concerns. The Dow fell about 140 points and the Nasdaq dropped 0.5 percent while bond stability kept trading quiet. Texas Instruments and CSX slid on profit or revenue worries, while Nova Nordisk and NextEra Energy led gains on stronger earnings and a favorable trial read.
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Target to scale back DEI efforts and end Black career program
Target said it will end the Black employee career program and scale back the Belonging at the Bullseye DEI strategy. The retailer joins Walmart and other brands in reducing diversity initiatives after years of corporate advocacy for Black and LGBTQ rights.
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Bridgestone to close LaVergne tire plant, cut 700 jobs
Bridgestone Americas will shut its LaVergne Tennessee truck and bus tire plant, laying off 700 workers as part of a broader workforce and capacity reduction across Des Moines Iowa and overall Americas operations. The move aims to optimize its business footprint and boost competitiveness amid a weak economic environment.
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