Wall Street Breakfast Costco stands firm on DEI
Jan 16, 2025
Costco defends its diversity, equity, and inclusion initiatives, highlighting the positive impact of a diverse workforce. Meanwhile, Hindenburg Research, a notable short-seller, announces its closure. Discussions also include the implications of Chevron's oil presence in Venezuela. Additionally, there’s buzz around a potential TikTok shutdown in the U.S. and looming retaliatory tariffs from Canada against proposed Trump levies.
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Costco's DEI Stance
- Costco defends its DEI efforts despite corporate America scaling back.
- They argue these efforts improve financial performance and benefit shareholders.
Hindenburg Research Closure
- Hindenburg Research, known for short reports on companies like Nikola and Carvana, is shutting down.
- Founder Nate Anderson claims there's no single reason for the closure.
Rubio on Chevron in Venezuela
- Marco Rubio suggests the U.S. should reconsider Chevron's sanctions waiver in Venezuela.
- Rubio believes the Biden administration was manipulated in negotiations with Maduro.