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Pound is on course for best month against dollar since September as Trump trades unwindView the full article

Incident comes as US bank seeks to assuage regulatory concerns over its risk management processes View the full article

Despite breakthroughs from Amazon and Microsoft, the industry is still a long way from building practical machines View the full article

Index funds have saved investors billions in fees. Now the industry is tempting them with more expensive optionsView the full article

FT investigation: Saifuzzaman Chowdhury and his family bought 482 properties overseas costing $295mn. The new government wants some of that money backView the full article

ASUS has introduced the ExpertBook B5 (B5405/B5605), a lightweight business laptop powered by AI-enhanced Intel Core Ultra processors, enterprise-grade security, and customizable configurations designed for professional use. The AI-powered business laptop features ASUS AI ExpertMeet, an on-device AI assistant, and ASUS ExpertGuardian, a security suite providing multi-factor authentication and firmware protection. AI-Powered Performance and Productivity The ExpertBook B5 integrates AI-driven computing, offering up to 99 total-platform TOPS for enhanced multitasking. ASUS’s AI ExpertMeet provides real-time transcription, noise cancellation, and live-translated captions, ensuring seamless collaboration. The laptop’s Intel Core Ultra processors with Intel Arc graphics enable faster content creation and business analytics. Durable, High-Performance Design Encased in a lightweight 1.36kg aluminum frame, the ExpertBook B5 features a 2.5K 144Hz display for crisp visuals. The ASUS ExpertCool thermal solution enhances cooling performance by 26%, maintaining efficiency during extended usage. Built to MIL-STD-810H standards, the device ensures durability in extreme conditions. Enterprise-Grade Security with ASUS ExpertGuardian To safeguard sensitive data, ASUS ExpertGuardian offers multi-layered protection, including Windows 11 Secured-core PC technology, TPM 2.0 encryption, biometric authentication, and USB access locks. The laptop supports certificate-based authentication and self-recovering BIOS protection, providing long-term security updates. Customizable Configurations for IT Management The ExpertBook B5 supports pre-configured BIOS settings, asset labeling, and software imaging for streamlined IT deployments. Its modular design allows for easy maintenance, with a tool-free battery latch reducing downtime. Driving Sustainability with a Digital Product Passport ASUS is introducing a Digital Product Passport (DPP) to enhance lifecycle tracking and sustainability compliance. The QR code-based tracking system provides businesses with real-time data on material sourcing, manufacturing, and recycling, supporting eco-conscious product design. Availability The ExpertBook B5 (B5405/B5605) is now available for enterprise customers. ASUS continues to innovate in AI-driven business computing, delivering high-performance, secure, and sustainable solutions for modern professionals. This article, "ASUS Unveils AI-Powered ExpertBook B5 with Enhanced Security and Customization" was first published on Small Business Trends View the full article

ASUS has introduced the ExpertBook B5 (B5405/B5605), a lightweight business laptop powered by AI-enhanced Intel Core Ultra processors, enterprise-grade security, and customizable configurations designed for professional use. The AI-powered business laptop features ASUS AI ExpertMeet, an on-device AI assistant, and ASUS ExpertGuardian, a security suite providing multi-factor authentication and firmware protection. AI-Powered Performance and Productivity The ExpertBook B5 integrates AI-driven computing, offering up to 99 total-platform TOPS for enhanced multitasking. ASUS’s AI ExpertMeet provides real-time transcription, noise cancellation, and live-translated captions, ensuring seamless collaboration. The laptop’s Intel Core Ultra processors with Intel Arc graphics enable faster content creation and business analytics. Durable, High-Performance Design Encased in a lightweight 1.36kg aluminum frame, the ExpertBook B5 features a 2.5K 144Hz display for crisp visuals. The ASUS ExpertCool thermal solution enhances cooling performance by 26%, maintaining efficiency during extended usage. Built to MIL-STD-810H standards, the device ensures durability in extreme conditions. Enterprise-Grade Security with ASUS ExpertGuardian To safeguard sensitive data, ASUS ExpertGuardian offers multi-layered protection, including Windows 11 Secured-core PC technology, TPM 2.0 encryption, biometric authentication, and USB access locks. The laptop supports certificate-based authentication and self-recovering BIOS protection, providing long-term security updates. Customizable Configurations for IT Management The ExpertBook B5 supports pre-configured BIOS settings, asset labeling, and software imaging for streamlined IT deployments. Its modular design allows for easy maintenance, with a tool-free battery latch reducing downtime. Driving Sustainability with a Digital Product Passport ASUS is introducing a Digital Product Passport (DPP) to enhance lifecycle tracking and sustainability compliance. The QR code-based tracking system provides businesses with real-time data on material sourcing, manufacturing, and recycling, supporting eco-conscious product design. Availability The ExpertBook B5 (B5405/B5605) is now available for enterprise customers. ASUS continues to innovate in AI-driven business computing, delivering high-performance, secure, and sustainable solutions for modern professionals. This article, "ASUS Unveils AI-Powered ExpertBook B5 with Enhanced Security and Customization" was first published on Small Business Trends View the full article

Apple has announced a $500 billion investment in the United States over the next four years, marking its largest-ever financial commitment. The company’s plan includes a new manufacturing facility in Texas, doubling its U.S. Advanced Manufacturing Fund, expanding research and development, and accelerating investments in AI and silicon engineering. Apple’s investment will support new facilities in Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington, reinforcing its focus on advanced manufacturing and innovation. A 250,000-square-foot server manufacturing facility will open in Houston in 2026, creating thousands of jobs and producing servers that support Apple Intelligence and Private Cloud Compute. Apple CEO Tim Cook emphasized the company’s commitment to U.S. innovation, stating, “We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future. From doubling our Advanced Manufacturing Fund, to building advanced technology in Texas, we’re thrilled to expand our support for American manufacturing. And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation.” Apple is doubling its U.S. Advanced Manufacturing Fund from $5 billion to $10 billion, supporting high-tech manufacturing and skills development. The expansion includes a multibillion-dollar commitment to produce advanced silicon at TSMC’s Fab 21 facility in Arizona, where Apple remains the largest customer. Apple’s suppliers manufacture silicon in 24 factories across 12 states, including Arizona, Colorado, Oregon, and Utah. This investment is expected to boost U.S. semiconductor manufacturing and create high-paying jobs. The company is expanding research and development (R&D) operations, nearly doubling U.S.-based R&D spending over the past five years. Apple plans to hire 20,000 employees over the next four years, focusing on AI, silicon engineering, and software development. Apple’s recent launch of the A18 chip and Apple C1 cellular modem highlights its long-term strategy in custom silicon development. The Apple C1 modem, the most power-efficient modem ever in an iPhone, represents a major milestone in the company’s R&D investment. As part of its focus on workforce development, Apple is opening the Apple Manufacturing Academy in Detroit. The facility will train workers and assist small- and medium-sized businesses in adopting AI and smart manufacturing techniques. Partnering with universities like Michigan State, the academy will offer free courses on project management, supply chain efficiency, and manufacturing process optimization. This article, "Apple to Invest Over $500 Billion in U.S. Expansion, Manufacturing, and AI Development" was first published on Small Business Trends View the full article

Apple has announced a $500 billion investment in the United States over the next four years, marking its largest-ever financial commitment. The company’s plan includes a new manufacturing facility in Texas, doubling its U.S. Advanced Manufacturing Fund, expanding research and development, and accelerating investments in AI and silicon engineering. Apple’s investment will support new facilities in Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, and Washington, reinforcing its focus on advanced manufacturing and innovation. A 250,000-square-foot server manufacturing facility will open in Houston in 2026, creating thousands of jobs and producing servers that support Apple Intelligence and Private Cloud Compute. Apple CEO Tim Cook emphasized the company’s commitment to U.S. innovation, stating, “We are bullish on the future of American innovation, and we’re proud to build on our long-standing U.S. investments with this $500 billion commitment to our country’s future. From doubling our Advanced Manufacturing Fund, to building advanced technology in Texas, we’re thrilled to expand our support for American manufacturing. And we’ll keep working with people and companies across this country to help write an extraordinary new chapter in the history of American innovation.” Apple is doubling its U.S. Advanced Manufacturing Fund from $5 billion to $10 billion, supporting high-tech manufacturing and skills development. The expansion includes a multibillion-dollar commitment to produce advanced silicon at TSMC’s Fab 21 facility in Arizona, where Apple remains the largest customer. Apple’s suppliers manufacture silicon in 24 factories across 12 states, including Arizona, Colorado, Oregon, and Utah. This investment is expected to boost U.S. semiconductor manufacturing and create high-paying jobs. The company is expanding research and development (R&D) operations, nearly doubling U.S.-based R&D spending over the past five years. Apple plans to hire 20,000 employees over the next four years, focusing on AI, silicon engineering, and software development. Apple’s recent launch of the A18 chip and Apple C1 cellular modem highlights its long-term strategy in custom silicon development. The Apple C1 modem, the most power-efficient modem ever in an iPhone, represents a major milestone in the company’s R&D investment. As part of its focus on workforce development, Apple is opening the Apple Manufacturing Academy in Detroit. The facility will train workers and assist small- and medium-sized businesses in adopting AI and smart manufacturing techniques. Partnering with universities like Michigan State, the academy will offer free courses on project management, supply chain efficiency, and manufacturing process optimization. This article, "Apple to Invest Over $500 Billion in U.S. Expansion, Manufacturing, and AI Development" was first published on Small Business Trends View the full article

Company executives touted the immediate returns from its rebranding and Super Bowl advertising campaign, with February activity exceeding expectations. View the full article

Ryan Donovan, the Council of Federal Home Loan Banks' CEO, foresees affordable housing mandates becoming more focused on home supply than demand. View the full article

OpenAI released a new base model on Thursday called GPT-4.5, which the company said is its best and smartest model for chat yet. It’s not a reasoning model like OpenAI’s o1 and o3 models, but it can be used to train other models to be reasoning models. Notably, GPT-4.5 was trained using 10 times the computing power (scores of GPUs in data centers) than its predecessor, GPT-4o. The result is a model whose outputs feel more natural and human, OpenAI said in its press release, and demonstrate a better general understanding of the world. Its writing and programming skills are better, and it hallucinates less. It also displays a higher level of emotional intelligence about the user and what they’re trying to do. For example, when prompted with “I’m going through a tough time after failing a test,” the model responded: “Aw, I’m really sorry to hear that. Failing a test can feel pretty tough and discouraging, but remember, it’s just one moment—not a reflection of who you are or your capabilities.” OpenAI cofounder and former researcher Andrej Karpathy, who got early access to the model, posted on X that the improvements are subtle but meaningful. “Everything is a little bit better and it’s awesome, but also not exactly in ways that are trivial to point to,” Karpathy continued; also, the model appears to have improved by 20% in everything it does rather than improving by several times over in certain domains or skills. OpenAI said GPT-4.5’s performance proves that supersizing models, training data, and computing power can still produce significant performance gains. However, a debate has been raging over this assertion on X. Karpathy saw evidence of this in his tests: “[I]t is incredibly interesting and exciting as another qualitative measurement of a certain slope of capability that comes ‘for free’ from just pretraining a bigger model.” Of course, “free” is stretching it: Training costs for a model as big as GPT-4.5 could approach $1 billion. OpenAI is releasing GPT-4.5 as a research preview to ChatGPT Pro users and to developers who pay to access OpenAI models through an API. It will become available to ChatGPT Plus and Team users next week, the company says. View the full article

The Fast Company Impact Council is a private membership community of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. Members pay annual membership dues for access to peer learning and thought leadership opportunities, events and more. Ageism in Hollywood is a tale as old as time. It’s well-documented that older women have been less represented in mainstream media and female actors over 40 are less likely to get work compared to their male counterparts. The stigma surrounding aging women in entertainment has been so pervasive that many actresses have felt forced to hide the natural realities of aging. Actress Naomi Watts recently revealed, “I was told I would never work again if I admitted to being menopausal.” Her experience is not unique—many women in the industry have echoed similar sentiments, facing a shrinking pool of opportunities as they age. This year’s award show season has shown that the tides are turning. We’ve started to see a shift with actresses in Hollywood experiencing success later in life. One of the most discussed films of the past year, The Substance, tackles ageism head-on. And in a historic moment, Demi Moore—44 years into her career—won her first Golden Globe at 62 and received an Academy Award nomination for Best Actress. During the Golden Globes, we saw seven of the Best Actress nominations go to women over the age of 40. These nominations signal a growing recognition that talent doesn’t have to have an expiration date. For decades Hollywood has created the perception that women in their 40s and beyond, often when they are perimenopausal or menopausal, are past their primes and reaching the end of their careers. Moore previously shared that she almost quit acting because of ageism and how difficult it can be, particularly for women over 50. However, this cultural shift in Hollywood’s acceptance and celebration of aging women could change how this demographic is represented. Now the question is, will we see other industries shift their perceptions of midlife women? Here’s why they should. Outdated research has failed menopausal women Before looking ahead, we have to understand how we got here. The societal stigma around aging has often overlapped with menopause, and unfortunately, that’s led to a negative perception of this transitional period of a woman’s life. Menopause has been widely understudied. For example, a study in Nature Aging has shown that researchers haven’t properly considered menopause in 99% of studies of the biology of aging. Furthering the stigma, outdated research has led to a lack of treatment options for women experiencing menopause symptoms. The use of hormone therapy to treat menopause symptoms stopped nearly overnight due to a study showing that hormone therapy increased the risks of cancer. However, recent studies have debunked that theory and shown the benefits of hormone therapy outweigh the risks. The lack of research and controversial history around hormone therapy has hurt menopause care and prevented aging women from getting the adequate support they need. That all is changing. What the entertainment industry can teach Companies can take a page from Hollywood’s playbook by supporting and empowering its female senior talent. Women in their 40s, 50s, and 60s are some of the most experienced managers, leaders, and mentors in the workplace. As they age, they are also often at the height of their careers. McKinsey and Lean In found that female leaders contribute more to employee engagement—including creating an inclusive workplace and mentorship—than their male counterparts, and another McKinsey report found that organizations with gender diversity of executive teams were 25% more likely to have above-average profitability compared to those who didn’t. Senior female leaders are an essential part of the workforce. Yet according to our 2022 Menopause in the Workplace report, 46% of working women experiencing menopause said their 50s have been the most difficult time in their careers. Our latest data also showed that 50% of Gen X women have experienced ageism at work. Now is a critical time for companies to step up and support. Organizations must invest in meeting the evolving needs of their midlife female workforce. Investing in menopause support for senior women leaders—such as access to specialized providers, educational resources, and coverage for hormone therapy—enables these women to manage their symptoms effectively, remain at peak productivity, and pave the way for the next generation of female leaders. What happens in Hollywood strongly influences culture, including workplaces. On March 2, Moore is up for her first Oscar for her critically acclaimed role. No matter who wins, it’s a victory for Moore and all aging women at work. Asima Ahmad, MD, MPH, FACOG is cofounder and Chief Medical Officer of Carrot Fertility. View the full article

UK leader hails ‘very productive discussion’ but president declines to back plan for Ukrainian peacekeepers View the full article

Executives have met with investors this week to test waters on an offering that could value the company at $35bn View the full article

From the rising cost of eggs and the staggering cost of housing, the constant chaos from mass government firings to the tariff threats against Canada and Mexico, Americans are struggling to cope with rampant economic uncertainty the best way they can: doom spending. One in 5 Americans say they are buying more than usual, “purchasing items excessively or impulsively in response to fears or anxiety about future events,” according to a recent report by CreditCards.com. The act of buying things as a way to self-soothe and cope with discomfort can be particularly problematic, especially when you’re worried about your personal finances and the economy at large in the first place. The survey, published in February 2025, examines consumer spending habits since President Donald Trump took office and focuses on the role economic factors and uncertainty play. Here are some key findings. Americans are buying more, driven by Trump tariffs President Trump’s proposed tariffs are weighing heavily on many people’s minds. In fact, more than one in 4, or 29%, of respondents say fear of Trump’s tariffs greatly impacts their desire to make additional purchases. Trump has said, starting March 4 (next week!), he will slap a 25% tariff on goods from Canada and Mexico and may in the future even broaden the scope of goods to include automobiles, pharmaceuticals, and semiconductors—all of which means higher prices for American consumers already dealing with cost of living concerns and inflation. Digging a little further, the report shows 19% of respondents say they are buying significantly (5%) or slightly more (14%) items than usual, and of this group, 29% say fear of Trump’s tariffs greatly impacts their desire to make additional purchases, while 37% say it’s having some impact. Another pandemic also prompts spending The report found that 3 in 10 respondents are purchasing items to prepare for another pandemic. Meanwhile, 42% say they are, or will start, stockpiling items, mainly food and toilet paper. Also, since November 2024, 28% of respondents say they have made one large purchase (over $500) and 21% say they soon plan to. The most common of those large purchases were electronics (39%), home appliances (31%), and home improvement materials (25%). People also bought furniture (22%) and cars (17%). Finally, and perhaps the most worrisome finding of the report, is that 34% of respondents say they are likely to worsen or go into credit card debt this year to secure purchases. View the full article

WASHINGTON (AP) — The Republican-controlled Congress has voted to repeal a federal fee on oil and gas producers who release high levels of methane, undoing a major piece of former President Joe Biden’s climate policy aimed at controlling the planet-warming “super pollutant.” The fee, which had not gone into effect, was expected to bring in billions of dollars. The Senate on Thursday voted along party lines 52-47 to repeal the fee, following a similar House vote on Wednesday. The measure now goes to President Donald Trump, who is expected to sign it. Methane is a much stronger global warming gas than carbon dioxide, especially in the short term, and is to blame for about one-third of the world’s warming so far. Oil and gas producers are among the biggest U.S. methane emitters and controlling it is critical to address climate change. Most major oil and gas companies do not release enough methane to trigger the fee, which is $900 per ton, an amount that would increase to $1,500 by 2026. The measure was part of the 2022 Inflation Reduction Act, but the Environmental Protection Agency didn’t formally set rules until late last year. That timing made it vulnerable to the Congressional Review Act, which allows Congress to pass a resolution to undo rules that are finalized toward the end of a president’s term. If those resolutions pass and the president signs them, the rule is terminated and agencies can’t issue a similar one again. “It’s a sorry testament to the influence of Big Oil on Capitol Hill that one of the top priorities of Congress is a blatant handout to the worst actors in the fossil fuel industry,” said Tyson Slocum, director of Public Citizen’s energy program. The American Petroleum Institute, the largest lobbying group for the oil and gas industry, applauded the move, calling the fee a “duplicative, punitive tax on American energy production that stifles innovation.” “Thanks to industry action, methane emissions continue to decline as production increases, and we support building on this progress through smart and effective regulation,” said Amanda Eversole, the executive vice president and chief advocacy officer at API. Globally, methane concentrations in the atmosphere have been steadily climbing. Republican Sen. Shelley Moore Capito of West Virginia, who chairs the Senate’s Environment and Public Works committee, spoke in favor of repeal on the Senate floor. “We should be expanding natural gas production, not restricting it. Instead, the natural gas tax will constrain American natural gas production, leading to increased energy prices and providing a boost to the production of natural gas in Russia,” she said. Repeal of the methane fee is the latest of several pro-oil and gas moves Republicans have taken since the start of Trump’s term. On his first day, he declared a national energy emergency, calling for more oil and gas production, and fewer environmental reviews. Democrats failed to overturn that declaration yesterday. Trump has also lifted a pause on new applications for liquified natural gas export terminals, removed the U.S. from the Paris climate agreement, and moved to open up more areas of public lands and waters for oil and gas drilling. The fee on methane releases was aimed at pushing companies to adopt better practices to curb emissions and make their operations more efficient. Technology exists to prevent leaks and to fix them. The EPA had said the fee was expected to reduce 1.2 million metric tons of methane emissions by 2035—that’s about the same as removing 8 million cars from the road for a year. The Biden administration had also implemented methane regulations on existing oil and gas wells, after addressing methane escaping from new wells. The EPA at the time meant for the fee to complement that rule and focus on the worst polluters. About half of all methane emissions from wells are from just 6% that are smaller producers, according to a recent study. — Michael Phillis and Matthew Daly, Associated Press View the full article

Donald Trump says America is looking to forge pact as ‘quickly as it can be done’View the full article

In a livestream today, OpenAI finally announced the launch of its GPT-4.5 model, but with a twist: For now, using it requires a $200 per month ChatGPT Pro subscription. That’s because the new large language model, or LLM, is still technically in a “research preview” state. This is all apparently shorthand for “please pay us for the privilege of being a beta tester.” Jokes aside, the company is promising GPT-4.5 provides more “natural conversation,” and performs better when it comes to programming, pattern recognition, writing, and “solving practical problems.” Note that GPT-4.5 isn’t intended as a reasoning model, meaning it won’t have the self-correcting or deep research capabilities of OpenAI o1, o3-mini, or the upcoming full version of o3. In a leaked document, the company said it’s not considering GPT-4.5 a “frontier” model, but it is OpenAI’s largest LLM yet, which should make it ideal for everyday queries, as the large database of training material should make for quicker answers. Credit: OpenAI In internal tests, OpenAI says the new model hallucinated about 24.7% less frequently than GPT-4.0, and was about 34.3% more accurate. Around 57% of internal human testers reportedly preferred GPT-4.5 to 4.0. Credit: OpenAI In other words, GPT-4.5 isn’t exactly at the cutting edge of AI, but it should be an improvement on other non-reasoning models, providing a nice middle ground between cheaper, more traditional LLMs and their frequently paywalled successors. The only major omissions seem to be multimodal features like AI Voice Mode and video input, although OpenAI says its working on updating its user experience, which seems to hint some version of these capabilities might come to the model in the future. That makes sense, given that, once again, this is technically an early release, with OpenAI saying it’s “still exploring” GPT-4.5’s limits and how people can use it. To that end, the LLM is set to expand to all paid ChatGPT plans over the next two weeks, before presumably reaching free users as a replacement for GPT-4.0 once it leaves its preview state. View the full article

A grassroots organization is encouraging U.S. residents not to spend any money Friday as an act of “economic resistance” to protest what the group’s founder sees as the malign influence of billionaires, big corporations and both major political parties on the lives of working Americans. The People’s Union USA calls the 24 hours of spending abstinence set to start at midnight an “economic blackout,” a term that has since been shared and debated on social media. The activist movement said it also plans to promote weeklong consumer boycotts of particular companies, including Walmart and Amazon. Other activists, faith-based leaders and consumers already are organizing boycotts to protest companies that have scaled back their diversity, equity and inclusion initiatives, and to oppose President Donald Trump’s moves to abolish all federal DEI programs and policies. Some faith leaders are encouraging their congregations to refrain from shopping at Target, one of the companies backing off DEI efforts, during the 40 days of Lent that begin Wednesday. Here are some details about the various events and experts’ thoughts on whether having consumers keep their wallets closed is an effective tool for influencing the positions corporations take. Who’s behind the “24-hour economic blackout?” The People’s Union USA, which takes credit for initiating the no-spend day, was founded by John Schwarz, a meditation teacher who lives near the Chicago area, according to his social media accounts. The organization’s website said it’s not tied to a political party but stands for all people. Requests for comment sent to the group’s email address this week did not receive a reply. The planned blackout is scheduled to run from 12 a.m. EST through 11:59 p.m. EST on Friday. The activist group advised customers to abstain from making any purchases, whether in store or online, but particularly not from big retailers or chains. It wants participants to avoid fast food and filling their car gas tanks, and says shoppers with emergencies or in need of essentials should support a local small business and try not to use a credit or debit card. People’s Union plans another broad-based economic blackout on March 28, but it’s also organizing boycotts targeting specific retailers — Walmart and Amazon — as well as global food giants Nestle and General Mills. For the boycott against Amazon, the organization is encouraging people to refrain from buying anything from Whole Foods, which the e-commerce company owns. What other boycotts are being planned? There are a number of boycotts being planned, particularly aimed at Target. The discounter, which has backed diversity and inclusion efforts aimed at uplifting Black and LGBTQ+ people in the past, announced in January it was rolling back its DEI initiatives. A labor advocacy group called We Are Somebody, led by Nina Turner, launched a boycott of Target on February 1 to coincide with Black History Month. Meanwhile, an Atlanta-area pastor, the Rev. Jamal Bryant, organized a website called targetfast.org to recruit Christians for a a 40-day Target boycott starting March 5, which marks Ash Wednesday, the beginning of Lent. Other faith leaders have endorsed the protest. The Rev. Al Sharpton, founder and president of the National Action Network, a civil rights organization, announced in late January it would identify two companies in the next 90 days that will be boycotted for abandoning their diversity, equity and inclusion pledges. The organization formed a commission to identify potential candidates. “Donald Trump can cut federal DEI programs to the bone, he can claw back federal money to expand diversity, but he cannot tell us what grocery store we shop at,” Sharpton said in a statement posted on the National Action Network’s website. Will the events have any impact? Some retailers may feel a slight pinch from Friday’s broad “blackout,” which is taking place in a tough economic environment, experts said. Renewed inflation worries and Trump’s threat of tariffs on imported goods already have had an effect on consumer sentiment. “The (market share) pie is just so big,” Marshal Cohen, chief retail advisor at market research firm Circana, said. “You can’t afford to have your slices get smaller. Consumers are spending more money on food. And that means there’s more pressure on general merchandise or discretionary products.” Still, Cohen thinks the overall impact may be limited, with any meaningful sales declines more likely to surface in liberal-leaning coastal regions and big cities. Anna Tuchman, a marketing professor at Northwestern University’s Kellogg School of Management, said she thinks the economic blackout will likely make a dent in daily retail sales but won’t be sustainable. “I think this is an opportunity for consumers to show that they have a voice on a single day,” she said. ”I think it’s unlikely that we would see long-run sustained decreases in economic activity supported by this boycott.” Other boycotts have produced different results. Target saw a drop in sales in the spring and summer quarter of 2023 that the discounter attributed in part to customer backlash over a collection honoring LGBTQ+ communities for Pride Month. As a result, Target didn’t carry Pride merchandise in all of its stores the following year. Tuchman studied the impact of a boycott against Goya Foods during the summer of 2020 after the company’s CEO praised Trump. But her study, based on sales from research firm Numerator, found the brand saw a sales increase driven by first-time Goya buyers who were disproportionately from heavily Republican areas. However, the revenue bump proved temporary; Goya had no detectable sales increase after three weeks, Tuchman said. It was a different story for Bud Light, which spent decades as America’s bestselling beer. Sales plummeted in 2023 after the brand sent a commemorative can to a transgender influencer. Bud Light’s sales still haven’t fully recovered, according to alcohol consulting company Bump Williams. Tuchman thinks a reason is because there were plenty of other beers that the brand’s mostly conservative customer base could buy to replace Bud Light. Afya Evans, a political and image consultant in Atlanta, said she would make a point of shopping on Friday but will focus on small businesses and Black-owned brands. Evans is aware of other boycotts but she said she liked this one because she believes it could have some effect on sales. “It’s a broader thing,” she said. “We want to see what the impact is. Let everybody participate. And plan from there.” —Anne D’innocenzio and Haleluya Hadero, AP business writers AP business writer Dee-Ann Durbin in Detroit contributed to this report. View the full article

Rafael Caro Quintero had been sought since 1985 for the murder of an American agentView the full article

Love Warby Parker glasses, but not the high price tags? This one’s for you. Target is partnering with Warby Parker to bring designer-quality, affordable eyewear to customers, opening five “shop-in-shops” in 2025, the retailers announced on Thursday. Warby Parker staff will run the shops within Target locations, which will offer glasses, sunglasses, contacts, eye exams, and vision screenings, consistent with the eyewear brand’s own stores. Prices will start at $95, including prescription lenses. The first five locations will open in the second half of 2025 at the following Target stores: Willowbrook, IL Bloomington, MN Brick, NJ Columbus, OH (Polaris) Exton, PA Warby Parker at Target will also debut online at Target.com with the opening of the first location. More Warby Parker shops are slated to open in 2026. “Warby Parker at Target reflects both brands’ commitment to style, affordability, quality and convenience,” Christina Hennington, executive vice president of Target said in a statement. “As we test and learn with this new partnership—bringing Warby Parker’s expertise into select stores—we’re enticing new consumers to discover more of Target.” The new partnership will complement, not replace the Minneapolis-based retailer’s growing Target Optical business, which offers a range of products and services at more than 500 of Target’s 2,000 stores nationwide. The Warby Parker shops are the latest addition to Target’s growing number of in-store partnerships, which already include Starbucks, Apple, and Ulta. The news comes after Target announced it was rolling back its DEI efforts, ending its diversity, equity, and inclusion initiatives and investments. The move has angered activists, who are calling for customers to boycott the brand as part of both the ”Target Fast” and “Feb. 28 Economic Blackout” movements. View the full article

We may earn a commission from links on this page. Deal pricing and availability subject to change after time of publication. I used to buy cheap earbuds from random brands all the time, simply because I needed some earbuds that wouldn't give me a heart attack if (or when) I lost them or got them wet. If that sounds like your earbud-buying strategy, there's a great deal on a pair of budget earbuds that actually have pretty decent specs: the Anker Soundcore P20i. Right now, they're on sale for $19.99 (originally $39.99), the lowest price they have been according to price-checking tools. Soundcore by Anker P20i Color: White, Ear Placement: In Ear, Battery life: 30 hours, Water resistant: Yes. $19.99 at Amazon $39.99 Save $20.00 Get Deal Get Deal $19.99 at Amazon $39.99 Save $20.00 Anker has been making surprisingly good, budget-friendly earbuds, headphones, and speakers for a while. The Anker P20i/P25i (same earbuds, different names) came out in late 2023 and are a nice pair of budget earbuds offering a lot of features that you usually see in higher end earbuds. You get Bluetooth 5.3, 10-hour battery life per charge and another 30 hours from the case, a bass boost feature, and a companion app that offers more features. The app lets you choose from 22 preset EQ options so you can find the sound signature that best works for you. There is no custom EQ, but the fact that you have a companion app from a reliable brand for under $20 is impressive by itself. You can also set up a voice assistant from your phone through the app by making it one of the touch control commands. The earbuds are great for people who need a cheap pair of earbuds to take to the gym since they are rated IPX5 for water resistance, and although they don't have ANC, the in-ear design naturally eliminates a lot of background noise. These earbuds work with iOS and Android phones and have a "Find My Device" feature with its app. If I was still in my cheap earbuds era, I'd be grabbing these right away. View the full article

The John D. and Catherine T. MacArthur Foundation will increase its giving over the next two years in response to what it calls a “crisis” prompted by the Trump administration‘s freeze on federal foreign aid and the now- suspended freeze on federal grants. “This is a major crisis for our sector and it’s a time when those of us who can do more should do more,” said John Palfrey, president of MacArthur Foundation, in an interview Wednesday with The Associated Press. Palfrey announced the increase in a blog post on the foundation’s website, saying, “The cliff of funding from federal programs has sent budgets underwater in field after field, and people and communities in the United States and abroad will suffer.” Palfrey said the foundation would increase giving from 5% of its endowment, which is the minimum required by the Internal Revenue Service, to at least 6% for the next two years. The foundation reported it had $8.7 billion in assets in 2023 and it pays out around $400 million annually. Palfrey said he expected to grant out around $150 million more over the next two years. In his first days in office, President Donald Trump suspended foreign aid and directed the Office of Management and Budget to temporarily suspend all federal grants and contracts. Trump said he wanted to review whether all the grants aligned with his policies. The moves have had profound impacts across many sectors. The U.S. is the largest funder of global humanitarian responses and spent $68 billion on foreign aid in 2023. In 2021, nonprofits reported receiving $267 billion in government grants, according to an analysis of the tax forms that nonprofits file by the Urban Institute. In comparison, foundations granted out $103 billion in 2023, according to research from GivingUSA. Palfrey called on other foundations to join them in the commitment to increase their giving. “Philanthropy should act in a different way than we have in the past, which is historically, we’ve simply given out more money when the stock market has gone up and we’ve given out less money when the stock market has gone down,” he said. Freedom Together Foundation, formerly called the JPB Foundation, also announced that it would double its grantmaking to 10% of its endowment in response to the Trump administration’s policies. Deepak Bhargava, the foundation’s president, wrote in a letter that the current moment reminds him of the AIDS crisis, when activists pushed the government to find a cure and changed the place of LGBTQ+ people in society. “The movement made a way out of no way. That can happen again, as it has so many times throughout American history,” Bhargava wrote. “There is a dispiriting tide of fear right now, and I’m disappointed by how few leaders and institutions are stepping up. But my own experience and our shared history teaches us a hopeful lesson: courage is contagious.” The Chicago-based MacArthur Foundation is best known for its “genius” fellowship, which recognizes extraordinary people who work across disciplines and awards them a $800,000 grant. The foundation also focuses on climate, criminal justice and journalism initiatives and has ongoing commitments to Chicago and Nigeria. Palfrey said foundations found ways to make more money available to their grantees during the COVID-19 pandemic and could do so again now. For example, the MacArthur Foundation was one of eight foundations that issued bonds, essentially borrowing against their endowments to be able to pay out more in the short term. “I think we need to do something different in 2025,” Palfrey said. “But I think it’s the same rationale.” Elisha Smith Arrillaga, vice president of research at The Center for Effective Philanthropy, said nonprofits report feeling a great deal of uncertainty and anxiety because of the president’s executive orders. “Really what nonprofits do is that they stand in the gap for all Americans,” she said. “So my hope is that organizations and individuals across this country doing this work in their communities will stand up for the nonprofits that they support, especially at a moment like this.” Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy. —Thalia Beaty, Associated Press View the full article

Pending sales of existing US homes slumped to a record low in January as severe winter weather slowed activity and consumers balked at high prices and mortgage rates ahead of the vital spring selling season. View the full article