Markets ease after S&P hits record and earnings upturn
U S stocks surrendered gains from an all time high as the S&P 500 fell 0.3 percent. The Dow dropped 140.82 points and the Nasdaq declined 0.5 percent as investors weighed inflation fears and higher yields against upbeat earnings. Novo Nordisk and NextEra Energy led gains while Texas Instruments and CSX fell on mixed quarterly results and hurricane impacts.
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Target ends DEI goals and Black employee program
Target said it will scale back diversity efforts including ending its Black career advancement program and phasing out DEI goals in three year cycles. The move aligns with corporate pullback seen at Walmart and others amid conservative criticism and a shifting political climate.
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Bridgestone to close LaVergne tire plant layoffs 700
Bridgestone Americas will shutter the LaVergne Tennessee truck and bus radial tire plant with about 700 workers laid off. The move forms part of broader reductions at Des Moines agriculture tires and in U S corporate sales and operations, with further cuts planned in Argentina and Brazil. Company officials cited a needed realignment amid a challenging economic environment and noted nearly 44 thousand North and Latin American teammates with just under 4 percent leaving.
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