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Several major U.S. companies, including Harley-Davidson and Brown-Forman, have recently scaled back or eliminated their diversity, equity, and inclusion (DEI) initiatives. This shift follows pressure from conservative activists, particularly Robby Starbuck, who have criticized these programs as misaligned with their customer bases. The trend reflects a growing backlash against corporate DEI efforts.
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The Bank of London has raised £42 million from investors, including Mangrove Capital Partners, despite facing a winding-up order from HM Revenue and Customs over unpaid taxes. The bank claims the tax issue was due to an internal communication error, which has since been resolved.
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As the holiday shopping season approaches, retailers are launching early sales to mitigate potential slowdowns due to election uncertainties. Major chains like Lowe's and Amazon are already promoting holiday merchandise, with many shoppers expected to start buying as early as August.