Goldman Sachs Ditches Big Diversity Rule As Wall Street Backs Off DEI

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  Goldman abandons IPO board diversity pledge

  Wall Street bank is latest major US company to roll back DEI initiative
  
  Financial Times - 9h

• Here’s the biggest economic threat from Trump’s planned immigration crackdown, according to Goldman Sachs

  Should those arrests and deportations pick up, it could have economic consequences, depending how aggressive authorities get.
  
  MarketWatch - 1d

• Top Wall Street analysts pick these 3 stocks for attractive dividends

  TipRanks' analyst ranking service spotlights three dividend-paying stocks, including International Business Machines and Verizon.
  
  CNBC - 2d
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  Morgan Stanley cedes title of chief Goldman Sachs rival

  Both JPMorgan and Evercore generated more financial advisory fees last year than Ted Pick’s bank
  
  Financial Times - 2d

• Rooney Rule founders point to diversity needs

  They point to a paucity of black offensive coordinators, the pool often tapped for new head coaches.
  
  ESPN - 3d

• Expedia’s stock rallies 17% as Wall Street cheers the return of its dividend

  For the first time since the COVID-19 pandemic, Expedia will pay out a quarterly dividend of 40 cents a share.
  
  MarketWatch - 4d
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  Wall Street Prepares to Defend Carried Interest, a Favored Tax Break, Again

  President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.
  
  The New York Times - 4d

More from The New York Times

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  Fed Chair Jerome Powell Shows Little Urgency to Lower Rates

  Jerome H. Powell testifies as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s policy independence is in the spotlight.
  
  The New York Times - 5h
• 

  Silicon Valley is Embracing Christianity (With the Help of Peter Thiel)

  When tech luminaries talk about their Christian faith, people listen.
  
  The New York Times - 2h
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  Trump Tariffs on Steel and Aluminum May Raise U.S. Manufacturing Costs

  Duties of 25 percent on steel and aluminum will flow through to car buyers, beer drinkers, home builders, oil drillers and other users of metal goods.
  
  The New York Times - 8h
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  How Trump’s Canadian Oil Tariff Would Hit U.S. Refineries

  The 10 percent tariff the president said he might impose in March could cause U.S. refineries to cut production and lead to higher prices.
  
  The New York Times - 13h
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  BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges

  The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.
  
  The New York Times - 1h

More in Business

• Lyft says rides have gotten cheaper. Here’s why investors are selling.

  Ride-hailing platform Lyft Inc. on Tuesday rolled out a new buyback program, but its forecast for a key demand metric came in below Wall Street’s expectations, as it tries to stay competitive with ...
  
  MarketWatch - 40m

• Snap’s increased AI spending may push profits even further out

  Guggenheim downgraded Snap’s stock, warning that increased AI investments could defer operating profits until 2027.
  
  MarketWatch - 1h

• Tesla drops 6% after BYD partners with DeepSeek, Musk adds to DOGE distractions with OpenAI bid

  Tesla shares fell 6% on Tuesday and have dropped for five straight days, wiping out over $200 billion in market cap.
  
  CNBC - 1h
• 

  BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges

  The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.
  
  The New York Times - 1h

• BYD is offering a self-driving feature for all. That could be trouble for Tesla.

  China EV maker BYD plans to install its self-driving technology on most cars without extra cost, and even cheaper models. Analysts say this could be another hurdle for Tesla.
  
  MarketWatch - 1h