Stock Markets
Target concludes diversity and inclusion programs
Investing.com — Retail giant Target (NYSE:) announced the termination of its three-year diversity, equity, and inclusion goals. The company also stated that it would be wrapping up its Racial Equity Action (WA:) and Change (REACH) initiatives by 2025 as originally planned.
In a statement, Target emphasized its ongoing commitment to fostering a sense of belonging among its team, guests, and communities. The company stated that this sense of belonging is a crucial element of its team and culture, contributing to consumer relevance and business results.
Target highlighted its strategy, which involves recruiting and retaining team members who reflect the communities the company serves. This strategy aims to create a culture where everyone has access to opportunities and growth, which in turn drives business results.
The company also underscored its goal to create joyful experiences for its guests through a diverse product and service assortment that helps all visitors feel seen and celebrated. This approach aims to increase the company’s relevance among consumers.
In terms of community engagement, Target aims to build deep and lasting relationships with the communities it serves. This strategy is designed to drive impact, economic vitality, and connection, ultimately fueling customer loyalty.
The announcement also revealed that Target will be focusing on development and mentorship within its employee resource groups, which will remain open to all. Additionally, the company plans to further evaluate its corporate partnerships to ensure they align with its growth roadmap.
The retailer will cease all external diversity-focused surveys, including the Human Rights Campaign’s Corporate Equality Index. The company’s “Supplier Diversity” team will evolve into the “Supplier Engagement” team, reflecting an inclusive global procurement process that spans a wide range of suppliers. This shift will also include an increased focus on small businesses.
Target stated that it will continue to monitor and adjust its strategies as necessary, with the aim of driving growth and adapting to the evolving external landscape. The company will be implementing changes and accelerating action in key areas throughout 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Stock Markets
ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Five9, Inc. Investors to Secure Counsel Before Important February 3 Deadline in Securities Class Action – FIVN
New York, New York–(Newsfile Corp. – January 26, 2025) – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities, including call options, of Five9, Inc. (NASDAQ: NASDAQ:) between June 4, 2024 and August 8, 2024, both dates inclusive (the “Class Period”), of the important February 3, 2025 lead plaintiff deadline.
SO WHAT: If you purchased Five9 securities or call options during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Five9 class action, go to https://rosenlegal.com/submit-form/?case_id=32046 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 3, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action (WA:) Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Five9’s net new business was not “strong irrespective of the macro” and was, in fact, hampered by macroeconomic issues such as constrained and scrutinized customer budgets; (2) Five9 was in the midst of a challenging bookings quarter due, in part, to sales execution and efficiency issues, and Five9 was not “seeing very strong bookings momentum”; and (3) defendants did not have “enough information in terms of [their] existing customers that are going live” such that the statements that Five9 would see a positive inflection in its dollar-based retention rate lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Five9 class action, go to https://rosenlegal.com/submit-form/?case_id=32046 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook (NASDAQ:): https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238378
Stock Markets
Head of disaster relief agency FEMA reassures staff after Trump criticism
(Reuters) – The acting head of the Federal Emergency Management Agency wrote to staff reassuring them that the agency’s continued existence was vital to the country’s disaster response efforts, after President Donald Trump said he wanted to overhaul or scrap it.
“FEMA is a critical agency which performs an essential mission in support of our national security,” said Cam Hamilton, a former Navy SEAL, who was appointed by Trump to temporarily lead the agency after the Republican president took office last week.
Hamilton sent the email to all staff on Friday night after earlier in the day Trump, during a visit to disaster areas in North Carolina and California, vowed to sign an executive order to overhaul or eliminate the main federal agency that responds to natural disasters.
“FEMA has turned out to be a disaster,” Trump said during a tour of a North Carolina neighborhood destroyed by September’s Hurricane Helene. “I think we recommend that FEMA go away.”
Trump accused FEMA of bungling emergency relief efforts there and said he preferred that states be given federal money to handle disasters themselves.
“President Trump has laid out his intent to reform FEMA, and we stand firmly at the ready to implement real and lasting reform,” Hamilton wrote in the email seen by Reuters. “We have some work to do at FEMA and restoring public confidence in this agency is essential.”
FEMA did not immediately respond to a request for comment on Hamilton’s email.
FEMA brings in emergency personnel, supplies and equipment to help areas begin to recover from natural disasters. Funding for the agency has soared in recent years as extreme weather events have increased the demand for its services.
The agency has 10 regional offices and employs more than 20,000 people across the country.
Stock Markets
Colombia turns away two US military flights with deported migrants, official says
By Phil Stewart and Oliver Griffin
WASHINGTON/BOGOTA (Reuters) -Colombia on Sunday turned away two U.S. military aircraft with migrants being deported as part of President Donald Trump’s immigration crackdown, a U.S. official said, in at least the second case of a Latin American nation refusing U.S. military deportation flights.
Colombian President Gustavo Petro condemned the practice, suggesting it treated migrants like criminals. In a post on social media platform X, Petro said Colombia would welcome home deported migrants on civilian planes, saying they should be treated with dignity and respect.
Colombia’s decision follows one by Mexico, which also refused a request last week to let a U.S. military aircraft land with migrants.
“The U.S. cannot treat Colombian migrants as criminals,” Petro wrote, noting that there were 15,660 Americans without proper immigration status in Colombia.
Petro’s comments add to the growing chorus of discontent in Latin America as Trump’s week-old administration starts mobilizing for mass deportations.
Brazil’s foreign ministry late on Saturday condemned “degrading treatment” of Brazilians after migrants were handcuffed on a commercial deportation flight. Upon arrival, some of the passengers also reported mistreatment during the flight, according to local news reports.
The plane, which was carrying 88 Brazilian passengers, 16 U.S. security agents, and eight crew members, had been originally scheduled to arrive in Belo Horizonte in the southeastern state of Minas Gerais.
There, Brazilian officials ordered the removal of the handcuffs, and President Luiz Inácio Lula da Silva designated a Brazilian Air Force (FAB) flight to complete their journey, the government said in a statement Saturday.
The commercial charter flight was the second this year from the U.S. carrying undocumented migrants deported back to Brazil and the first since Trump’s inauguration, according to Brazil’s federal police.
Officials from the U.S. State Department, Pentagon, U.S. Department of Homeland Security and U.S. Immigration and Customs Enforcement did not immediately reply to requests for comment.
The use of U.S. military aircraft to carry out deportation flights is part of the Pentagon’s response to Trump’s national emergency declaration on immigration on Monday.
In the past, U.S. military aircraft have been used to relocate individuals from one country to another, like during the U.S. withdrawal from Afghanistan in 2021.
This has been the first time in recent memory that U.S. military aircraft were used to fly migrants out of the country, one U.S. official said.
U.S. military aircraft carried out two similar flights, each with about 80 migrants, to Guatemala on Friday.
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