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Thursday 12 September 2024

Dispatches from the DEI wars

06:20

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Anti-DEI activists are scoring wins ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Sep 12 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

Anti-DEI activists are targeting LGBTQ+ rights in corporate America and, lately, notching victories.

Molson Coors has retreated from some of its diversity, equity and inclusion initiatives. One concession: withdrawing from a benchmark index that measures how friendly a company's policies are to LGBTQ+ people.

The maker of Coors Light isn't the only company distancing itself from the LGBTQ+ advocacy community.

Fearless Fund settles DEI fight

And here's another Jessica Guynn story:

Fearless Fund will end a grant program for Black women, settling a closely watched case that challenged corporate DEI efforts.

As part of a legal settlement, the Fearless Fund permanently closed its Fearless Strivers grant contest. 

In June, the 11th Circuit U.S. Court of Appeals blocked Fearless Fund from awarding $20,000 grants to businesses owned by Black women while the case was litigated, siding with anti-affirmative action activist Edward Blum, who said the grant program was discriminatory.

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🍔 Today's Menu 🍔

What would Andy Warhol say?

After more than 150 years, the Campbell Soup Company is dropping "soup" from its name, Mary Walrath-Holdridge reports.

The iconic brand has branched out into much broader territory since it was founded as Anderson & Campbell in 1869, taking on other food and snack brands like Pepperidge Farm, Swanson, Pace Foods, Prego and Snyder's-Lance, subsidiaries that produce everything from salsa and pasta sauce to goldfish crackers, pretzels and TV dinners.

Now just the "Campbell Company," the brand will continue to place an emphasis on the lucrative snacking category. Soup may still be good food, but it is a mere afterthought.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

Cans of Coors beer are displayed on a shelf at a liquor store on May 2, 2018 in Fairfax, California.

Human Rights Campaign ranks companies to advance gay and trans rights. Now companies like Coors and Ford are under pressure to drop their support.

Fearless Fund co-partner Arian Simone speaks to the media during a press conference in New York, U.S., August 10, 2023.
 

Fearless Fund ends grant contest for Black women to settle DEI lawsuit

Fearless Fund is ending its Fearless Strivers grant program for Black women to settle a closely watched case challenging corporate DEI efforts.

Stack of Social Security cards.
 

2025 COLA forecast shrinks even as more seniors fall into poverty

Social Security's 2025 COLA estimate fell with inflation, but seniors are struggling. More seniors fell into poverty again last year, data show.

The Truth social network logo is seen displayed behind someone holding a smartphone.
 

Trump Media shares hit record low after presidential debate

Trump Media, the parent company to Truth Social trading under the ticker DJT, saw its stock dip more than 10% Wednesday to close at a record low.

The Campbell Soup Company is dropping the word "soup" after over 150 years.
 

Stirring up change: Campbell Soup removes 'soup' from its name

The Campbell Soup Company will soon no longer have the name "soup" in the brand more than 150 years after its initial founding.

Lottery tickets for the Mega Millions jackpot which is at $1.58 billion are seen in a store on August 8, 2023 in New York.
 

Nearly 6 months later, a $1.1 billion lottery jackpot still unclaimed

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Harris versus Trump: Who would be better for the US economy?

Breaking down economic plans of Trump, Harris. Trump would raise tariffs, extend tax breaks. Harris aims to hike taxes on wealthy to aid middle class

Shoppers dig through a variety of items from clothes to toys and items for the home inside the Red Tag store in Macomb on Friday, August 30, 2024. The store sells a variety of discounted items from Target and is one example of new discount store that are opening in metro Detroit.
 

Did I really need that Trader Joe's tote? Impulse shopping ticks up

Any time you click on a targeted ad online, or grab something that caught your eye at the supermarket checkout, you are making an impulse buy.

More people are making hardship withdrawals from their 401(k) accounts.
 

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