society
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MacKenzie Scott and Melinda French Gates join forces on $40 million donation to promote gender equality
An initiative from philanthropists Melinda French Gates, MacKenzie Scott and the family foundation of billionaire Lynn Schusterman awarded $40 million…
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FCA looks to force companies to explain board-level diversity
The City watchdog has launched a consultation on changes to its listing rules which would require companies to publish “comply…
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Feds sell one-of-a-kind Wu-Tang Clan album forfeited by ‘Pharma Bro’ Martin Shkreli
A one-of-a-kind Wu-Tang Clan album that had been owned by jailed pharmaceutical executive Martin Shkreli has been sold by the…
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Sales of new homes slump to the lowest level since start of pandemic. High costs and low selection are to blame
The numbers: Sales of new homes in the U.S. fell in June to the lowest level since the first month…
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Redundancies spike ninefold for senior managers in financial services on back of Brexit
A nine-fold increase in senior manager redundancies at financial services firms is down to Brexit, as UK companies restructured in the…
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American Academy of Pediatrics urges universal masking in schools for everyone ages 2 and up — whether vaccinated or not
Parents should probably add fresh face masks to their back-to-school shopping lists — even if their kids are vaccinated against…
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Home-builder confidence wanes as materials and labor shortages continue
The numbers: While home builders are still more upbeat regarding the real-estate market than they were a year ago, shortages…
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China Tech Billionaire Adds to Sector Largess With $2 Billion Donation
The chairman of smartphone maker Xiaomi Corp. has given company shares worth more than $2 billion to charity, in the…
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Pandemic hits gender pay gap reporting as 76% miss original deadline
Only a quarter of companies met the initial deadline to report their gender pay gaps this year, as the pandemic forced…
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UBS sheds light on diversity in its UK operation for the first time
Nearly 40% of UBS’s UK graduate population in 2020 are from ethnic minority backgrounds, according to the firm’s first ever diversity report in…
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Twitter Adds Captions for Voice Tweets After Criticism
Twitter Inc. users now have the option of seeing automated captions for voice tweets, a feature the company rolled out…
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COVID-19 cases now rising in all 50 states, as global tally tops 189 million
The global tally of confirmed cases of COVID-19 climbed above 189 million on Friday, as the highly transmissible delta variant…
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Mortgage rates experience ‘summer swoon’ as Fed maintains status quo
Benchmark mortgage rates continued their downward trajectory over the past week, following Federal Reserve Chair Jerome Powell’s indications to lawmakers…
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Women set to lag men on City boards for another 15 years
Seventy per cent of companies on the FTSE 350 still have no female executives on their main board, as the coronavirus pandemic looks…
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This is the ‘best place’ to live in America — and it isn’t on the coast
The East and West Coasts can stop duking it out over which is the better place to live — because…
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Asset managers slam ‘disgusting’ racism after England’s Euro 2020 loss
Leading diversity campaigners in the asset management sector have hit out at the racist abuse received by Black England football…
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Police open probe as three England players who missed penalties in loss to Italy face racist abuse
LONDON (AP) — British police opened investigations Monday into the racist abuse of three Black players who missed penalties in…
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‘The language of consumer debt is rife with moral undertones’: Read MarketWatch’s new ‘Extra Credit’ column
Hello and welcome to Extra Credit, a weekly look at the news through the lens of consumer debt. Your monthly…
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View: Want to list your weed company? You’ll have to get past the FCA first
If someone told you they wanted to list their cannabis business on the stock market, you would be tempted to throw…
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Mortgage rates slide to lowest levels since winter as investors grow skeptical of economic recovery
Mortgage rates dropped to the lowest level since mid-February, a reflection of the waning optimism among investors about the state…
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City minister: Government will not mandate how firms should improve diversity
The government will not give financial services firms a single blueprint to improve diversity, City minister John Glen has said,…
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Bank watchdogs want top City firms to start measuring diversity with strict metrics
Financial services firms should be required to link pay to metrics on diversity and inclusion and make those at the…
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This is the No. 1 reason unemployed Americans aren’t looking for work
Amid a record number of job openings, Americans are taking their time looking for work, with only about 10% of…
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This gay BlackRock exec describes ‘fear factor’ of constantly coming out at work
Martin Parkes’ desk at BlackRock’s office in London is usually easy for passers-by to spot: there’s a little rainbow flag…
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One lawyer’s mission to get more bisexual mentors into the City
When Netanya Clixby started her training contract at a City law firm, she did not feel she could come out…
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How will Juneteenth affect the stock and bond markets
The Juneteenth holiday commemorating the end of slavery in the U.S. is now a new federal holiday after President Biden…
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FCA admits it has ‘more work to do’ on gender equality at the regulator
The Financial Conduct Authority still has “more work to do” on achieving a more inclusive environment for women and equal…
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Startups in Europe raise record amounts with megadeals on the horizon
Fundraising by European startups has skyrocketed this year, dominated by megarounds and rising valuations. “Europe is making up for lost…
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Berkshire Hathaway’s Warren Buffett set to leave Bill & Melinda Gates Foundation
Warren Buffett is stepping down as a trustee of the Bill & Melinda Gates Foundation less than two months after…
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Disney fan complains that Walt Disney World is becoming too ‘woke’ — here’s what’s changed at the park and why
A longtime fan of Walt Disney World penned an op-ed blasting the company for making changes to popular attractions in…
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U.S. COVID deaths top 500,000 as experts look to FDA meeting on J&J’s one-dose vaccine
The U.S. surpassed half a million deaths from the coronavirus-borne illness COVID-19 on Monday, as experts braced for a Food…
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