Announces

In keeping with its mission to expand economic opportunity, Apple is giving $10 million to New York-based venture capital firm Harlem Capital, which is aiming to invest in 1,000 underrepresented founders over the next 20 years. Amid the pandemic—which has had a disproportionate impact on small businesses, particularly those run by people of color—Apple is also making a $25 million investment in the Clear Vision Impact Fund, which was launched by investment bank Siebert Williams Shank last year to fund minority-owned small and midsize businesses, with a focus on underserved markets. Apple has also contributed to organizations like Bryan Stevenson’s Equal Justice Initiative and the King Center to help support criminal justice reform. (Apple declined to share specific figures.) … [Read more...] about Apple announces new commitments to its racial equity initiative

In its report, the firm maintained a neutral rating on Disney stock but raised its price target to $160, up $21. “We look forward to revisiting our Disney valuation when the company provides added disclosure on its new reporting structure,” the report states. … [Read more...] about DANG! Disney stock is in the same league as tech giants Amazon, Netflix, and Google, says analyst report

Announcing the measures, a Marriott spokesperson said, “We have taken the destructive events at the Capitol to undermine a legitimate and fair election into consideration and will be pausing political giving from our Political Action Committee to those who voted against certification of the election.” Blue Cross Blue Shield Association had similar sentiments, announcing it “will suspend contributions to those lawmakers who voted to undermine our democracy.” … [Read more...] about These companies say they’re suspending donations to GOP members who opposed certifying Biden’s victory

Parler, the social media platform that gained popularity throughout 2020 as a safe haven for conservative commenters, essentially got destroyed this weekend. Some quick background: After the failed insurrection on the Capitol Wednesday, a swath of social media giants, one after the other, began banning Trump and his enablers from their platforms, including Twitter, Facebook, Snapchat, and TikTok. … [Read more...] about Parler got destroyed this weekend: a timeline

Rebuilding our economy so that workers, customers, and communities are able to share in prosperity requires real change in the way decisions are made in corporate boardrooms and on Wall Street. If the CEOs of the nation’s largest corporations truly share my commitment to a stronger economy for workers, communities, and consumers, they should fully commit to the principles they claim to hold, put them into action, and publicly report on their progress. … [Read more...] about Elizabeth Warren: Business Roundtable declaration ‘was just an empty publicity stunt’