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President Donald Trump’s executive order ending diversity, equity and inclusion (DEI) programs in the federal government has returned financial power to the people, OJ Oleka, CEO of the State Financial Officers Foundation, told Fox News Digital. 

Oleka said there’s a ‘new sheriff in town’ and that Trump is ‘making good’ on his promise to eliminate DEI by shifting financial policies ‘away from the left and back to the center,’ empowering state financial officers and building trust with the American people. 

‘We know that when companies focus on business, their business does better. If their business does better, shareholders make more money, their employees have a better quality of life within their business and their consumers get a better product,’ Oleka told Fox News Digital at the State Financial Officers Foundation conference in Orlando, Florida. 

Oleka said focusing on financial returns and merit-based incentives over DEI or environmental, social and governance (ESG) policies creates ‘more money for shareholders, better culture in the office for employees and better products for consumers and customers,’ exactly what state financial officers have been asking for. 

‘The American people want every individual to succeed,’ Oleka said. ‘They want people to succeed on their merit, on their ability, on their skill. It’s very important to us as Americans. But what they don’t want is for people to get preferences just because of some political ideology.’ 

He said there are misconceptions about DEI ‘because people hear diversity, equity and inclusion, and they think, ‘Well, those are good things. I support diversity. I want people to be included, and people should have the resources that they need.’

‘To be very clear, when we’re talking about DEI, we’re saying that DEI is trying to provide racial or gender preferences for people based on past grievances. It effectively has nothing to do with merit or looking at somebody’s skill for a job or for an opportunity.’ 

Equal opportunity is giving people access to create their own opportunities, to try to be as successful as they can be with their skills, ability and merit, according to Oleka. 

Oleka explained that DEI is subjective because it prefers ‘folks based on what you think is important, based on your own politics.’

It’s bad to say, from a company’s perspective, ‘Let’s just hire people based on race, based on gender,’ as opposed to skill and ability,’ Oleka said.

‘It’s bad because it can harm the performance of what that company actually does with their business responsibilities. That matters to our financial officers because they invest in a lot of these companies. It’s their job as fiduciary leaders to make sure that the pensions that they invest, the public funds that they invest by virtue of their positions, are actually done so by companies and with funds where the returns are going to be high.

‘We can’t guarantee that the returns are going to be as high as they can be if the companies aren’t even focusing on their specific mandate, on their responsibility. Instead, they’re focusing on their politics and trying to force an ideology or social agenda through their businesses. That’s not what business is for.’ 

Oleka said his experience as someone with a Ph.D. in higher education who is also the son of Nigerian immigrants informs his rejection of political ideology or agendas in government-funded programs, including in public education, because these policies don’t improve students’ learning experience or academic performance. 

‘That doesn’t actually contribute to kids’ learning,’ Oleka said. ‘It doesn’t contribute to human flourishing. There really is no reason why people’s taxpayer dollars should be spent on that.’

Oleka told Fox News Digital the Orlando conference was critical to reminding state financial officers across the country they are not alone in pushing back against DEI and ESG policies that were promoted by former President Joe Biden’s administration. 

‘It goes back to what I think most Americans believe. Their state government is closer to them than the federal government,’ he said. ‘As a result, state leaders should have more power, as it relates to their finances, than the federal government, and what a state leader should do with that power is give it back to the people.’

By empowering state financial officers to focus on financial returns and fiduciary duty instead of ideology and politics, Oleka said more Americans are incentivized financially. 

‘It’s important that we have that same kind of leadership in the White House at the state level, making good on their promise to bring a Golden Age to America and to each state,’ he said. 

This post appeared first on FOX NEWS

President Donald Trump revealed a new pick for surgeon general on Wednesday, saying he will now nominate Dr. Casey Means for the job.

‘Casey has impeccable ‘MAHA’ credentials, and will work closely with our wonderful Secretary of Health and Human Services, Robert F. Kennedy, Jr., to ensure a successful implementation of our Agenda in order to reverse the Chronic Disease Epidemic, and ensure Great Health, in the future, for ALL Americans,’ Trump said late Wednesday afternoon in a post on his social media platform Truth Social. ‘Dr. Casey Means has the potential to be one of the finest Surgeon Generals in United States History.’

Means, a vocal ‘Make America Healthy Again’ proponent, played a significant role in helping shape the administration’s agenda surrounding health, alongside her brother, Calley Means. She is a Stanford-trained physician and has made a name for herself as a wellness influencer alongside her brother. In 2024, both Casey and Calley co-wrote a book about the chronic disease epidemic titled ‘Good Energy,’ and Casey is also the co-founder of a health-tech company called Levels.

Calley Means was previously tapped by the administration to serve as a top special advisor to Secretary Kennedy.

  

Trump previously announced he would nominate Dr. Janette Nesheiwat, a former Fox News contributor, to be surgeon general.

It’s unclear why Nesheiwat’s nomination was pulled. Fox News Digital reached out to the White House for more information. 

Trump added in his post that Secretary Kennedy ‘looks forward to working with Dr. Janette Nesheiwat in another capacity at HHS.’

Meanwhile, in a follow-up post on X, Nesheiwat also said she was ‘looking forward’ to continuing to support Trump while working closely with Secretary Kennedy ‘in a senior policy role.’ 

‘My focus continues to be on improving the health and well-being of all Americans, and that mission hasn’t changed,’ Nesheiwat concluded in her public social media remarks.  

Nesheiwat is the sister-in-law of recently fired National Security Advisor Michael Waltz, who the president indicated he will now be nominating to be the next ambassador to the United Nations after dropping his initial nominee, New York GOP Congresswoman Elise Stefanik. 

This post appeared first on FOX NEWS

President Donald Trump wants India and Pakistan to cease fighting and is open to helping both countries broker a peace agreement, following strikes from India against Pakistan early Wednesday. 

India launched missiles against at least nine sites ‘where terrorist attacks against India have been planned,’ according to India’s Defense Ministry. Meanwhile, Pakistan’s military reported that the strikes killed at least 26 people — including women and children — and claimed the strikes amounted to an ‘act of war.’ 

‘Oh, it’s so terrible. My position is, I get along with both,’ Trump told reporters Wednesday. ‘I know both very well, and I want to see them work it out. I want to see them stop. And hopefully they can stop now. They’ve got a tit for tat, so hopefully they can stop now. But I know both. We get along with both countries very well. Good relationships with both. And I want to see it stop. And if I can do anything to help I will. I will be there as well.’

Tension between India and Pakistan escalated in April after a gunman killed 26 people who were primarily Indian Hindi tourists in the India-controlled portion of Kashmir. India pinned the blame on Pakistan, and a militant group India claims is affiliated with a Pakistani militant group ultimately claimed responsibility for the attack. 

After India’s Wednesday strikes, Pakistan said it shot down five Indian fighter jets, claiming that the move was justified given India’s actions. 

‘Pakistan has every right to give a robust response to this act of war imposed by India, and a strong response is indeed being given,’ Pakistani Prime Minister Shehbaz Sharif said. 

The Associated Press, Fox News’ Greg Wehner and Nick Kalman contributed to this report. 

This post appeared first on FOX NEWS

A bill aimed at cracking down on the Chinese Communist Party (CCP) and its practice of forced organ harvesting passed with overwhelming support on Wednesday – though one House lawmaker voted against it.

Rep. Thomas Massie, R-Ky., was the lone Republican to oppose the Stop Forced Organ Harvesting Act, which passed 406-1.

‘It’s just another example of us trying to stick our nose in another country’s business and write their laws,’ Massie told Fox News Digital after the vote. ‘And at the end of the day, they’re gonna do what they’re gonna do, and it’s just sort of a virtue signal over here.’

Massie, a conservative libertarian, often votes against House bills that weigh in on another country’s affairs.

The Kentucky Republican pointed out that he opposed the legislation when it was up for a vote during a previous Congress.

But his pushback is also notable now given his status as an open critic of Speaker Mike Johnson, R-La., and at times, of President Donald Trump. 

The bill was introduced by Rep. Chris Smith, R-N.J., and would authorize the Secretary of State to deny U.S. passports and visitor visas to people involved in organ trafficking circles.

It would also call for sanctions on entities and individuals found to have participated in the gruesome illicit industry.

U.S. lawmakers have accused China of forced organ harvesting of its ideological opponents, including Falun Gong practitioners and Uyghur Muslims. 

This post appeared first on FOX NEWS

President Donald Trump made the surprise announcement this week that the U.S., after weeks of intense strikes, will halt all bombing campaigns on the Houthis in Yemen – but experts have warned the Iran-backed group will not sit idle. 

In Trump’s Tuesday announcement from the Oval Office, he claimed the Houthis ‘just don’t want to fight…and we will honor that. We will stop the bombings.’

The president would not say who provided him with this confirmation by the terrorist network, which for years has attacked U.S. and allied ships in the Red Sea in a major threat to freedom of navigation, but in a laugh following the question, he replied that it came from a ‘very good source.’

Less than two hours later, Badr bin Hamad Al Busaidi, the foreign minister of Oman, took to X to say, ‘Following recent discussions and contacts conducted by the Sultanate of Oman with the United States and the relevant authorities in Sana’a, in the Republic of Yemen, with the aim of de-escalation, efforts have resulted in a ceasefire agreement between the two sides.’

‘In the future, neither side will target the other, including American vessels, in the Red Sea and Bab al-Mandab Strait, ensuring freedom of navigation and the smooth flow of international commercial shipping,’ he added. 

The post suggests that Oman, which has also played an intermediary in the U.S.-Iran nuclear talks, was heavily involved in securing the ceasefire.

However, a new report obtained by Fox News Digital ahead of the president’s surprise announcement warns that the Trump administration must remain vigilant against major security threats posed by the Houthis and the international actors supporting the terrorist network.

The report, dubbed ‘The Houthi Challenge: Forging a Strategy to Defeat the Iran-Backed Terror Group in Yemen’ by Ari Heistein for the Foundation for Defense of Democracies (FDD) and research fellow at the Jerusalem Institute for Strategy and Security, highlighted that it is not only Iran that have helped facilitate the Houthi operational capabilities. 

While Tehran has backed the Houthis since at least 2014 – and possibly as early as 2009 during the war in Yemen – through training and advanced weapons like ballistic missiles, Oman has also played a role by allowing the group to operate from its territory and serving as a key smuggling route for Iranian arms.

Jonathan Schanzer, a former terrorism finance analyst at the U.S. Department of the Treasury and the current executive director of the FDD, called Oman’s role in negotiations between Washington and Middle East adversaries ‘outrageous.’ 

‘To hold them up as responsible intermediaries when they are in fact hosting the very group that we’re trying to dismantle, there’s very little logic [in] this position,’ he told Fox News Digital.

The report found that Iranian arms are smuggled into Yemen through the port of Hodeidah – which was targeted in a series of Israeli strikes on major infrastructure in and around the Houthi-controlled capital of Sana’a this week – but also through smaller ports or overland through Oman.

Omani private banking institutions and businesses are also reportedly known to be ‘servicing the Houthi economy and even supplying the group with arms.’ 

‘More must be done to prevent bulk cash smuggling across the border between Oman and Yemen,’ Heistein found. ‘Muscat must begin to feel pressure from the international community to address a threat finance challenge that has gone unchecked for too long.’

The report breaks down the varied steps that need to be taken to effectively undermine and counter the Houthis as repeated military strikes by first, Saudi Arabia starting in 2015, then recently by the U.S. and Israel, have not significantly degraded the terrorist group.

Those steps include continued military action – similar to Israel’s recent strikes on Yemen’s Hodeidah port and Sana’a International Airport, which are expected to have far-reaching economic impacts and increase internal pressure on the Houthis. But military action alone isn’t enough; economic, diplomatic, and other soft power strategies are also needed to weaken the group, according to the report. 

The report also highlighted that the Houthis have utilized previous lulls in fighting with nations like Saudi Arabia, the U.S. and Israel to regroup and rebuild. 

‘Compelling the Houthis to halt attacks on shipping is a meaningful achievement only if it is part of a broader, long-term strategy,’ Heistein told Fox News Digital. ‘However, if a Red Sea ceasefire becomes the centerpiece and endpoint of U.S. policy toward the Houthis, it risks empowering an increasingly dangerous regime to escalate and de-escalate at will.

 ‘Without a comprehensive approach to addressing the Houthi threat, the U.S. and its allies could soon be confronting a more dangerous, better-armed terrorist group,’ Heinstein warned. 

This post appeared first on FOX NEWS

A federal judge ruled on Monday that a class action lawsuit alleging that Burger King falsely advertised the size of its signature cheeseburger can move forward.

U.S. District Judge Roy K. Altman in Florida found ‘some’ merit to the plaintiff’s argument that the fast food chain advertised its Whopper cheeseburger and other menu items to appear bigger than they are.

An image of the Whopper burger from the lawsuit.District Court South Florida

Nineteen customers from 13 states sued Burger King in 2022, alleging that the burgers they advertised were ‘approximately 35% larger in size, and contain more than double the meat, than the actual burger.”

The lawsuit contains side-by-side images of the bright colored, larger-than-life burger advertisements next to the droopy images taken by customers.

‘Each of our Plaintiffs purchased BKC products at Burger King stores in their home states, and each came away disappointed by the incongruity between what they received and what they expected based on BKC’s advertisements,’ the lawsuit says.

Burger King sought to dismiss the lawsuit, but Altman on Monday stated that the plaintiff’s allegations ‘go beyond mere exaggeration or puffery.’

A spokesperson for Burger King said in a Monday statement that ‘the plaintiffs’ claims are false.’

‘The flame-grilled beef patties portrayed in our advertising are the same patties used in the millions of burgers we serve to Guests across the U.S.,’ the spokesperson added.

A lawyer representing the plaintiffs, Anthony Russo, said in a Monday statement that the plaintiffs were ‘pleased’ with the judge’s ruling and ‘are ready to move forward.’

A similar lawsuit against McDonald’s and Wendy’s was dismissed in September.

This post appeared first on NBC NEWS

Advanced Micro Devices CEO Lisa Su said China is a “large opportunity” market for the semiconductor and artificial intelligence industry even as export controls and evolving tariff plans loom over the world’s second-largest economy.

“There should be a balance between export controls for national security as well as ensuring that we get the widest possible adoption of our technology,” Su told CNBC’s “Squawk on the Street” on Wednesday. “That’s a good thing for U.S. jobs in the U.S. economy.”

She added that U.S. leadership in artificial intelligence and widespread adoption is the primary objective and a “really great position for us to be in.”

Su said there is a “balance to be played between” restricting and providing access to chips.

The comments come on the heels of the company’s fiscal first-quarter results. AMD topped earnings and expectations and issued strong guidance, but said it would see a $1.5 billion hit this year from China export controls. Last month, the company said it would incur up to $800 million in costs from shipping its MI308 products to China and other countries.

The U.S. government has cracked down on chip shipments to China in recent years, restricting the sale of more advanced AI processors to China that could be used to improve military capabilities and eat away at U.S. dominance.

President Donald Trump’s evolving tariff policies have added more turbulence to the sector in recent weeks, and many investors are combing for signs of demand pressure.

While AMD would “prefer a more certain environment,” Su said that the company is working to move manufacturing to the U.S. She added that the impact from tariffs on its portfolio is a minor blip and that the company saw “robust” sales in April.

“We’ve learned to become very agile through all of the things that have happened to the semiconductor supply chain, and we’re going to continue to watch all of these trends very carefully and make sure that we react appropriately going forward,” she said.

Other Ai chipmaking CEO have also called attention to the impact of chip restrictions in a rapidly expanding AI market. Nvidia CEO Jensen Huang told CNBC’s Jon Fortt on Tuesday that getting pushed out of the the country would be a “tremendous loss.”

This post appeared first on NBC NEWS

National Basketball Association superstar Russell Westbrook is taking a shot off the court at simplifying funeral planning with artificial intelligence.

The famed Denver Nuggets point guard on Wednesday announced the launch of Eazewell, a startup that uses AI technology to streamline the process for coordinating funerals. Westbrook founded the venture with former Charlotte Hornets star Kemba Walker and childhood friend Donnell Beverly Jr., who serves as president of Russell Westbrook Enterprises and CEO and co-founder of Eazewell.

“My whole career, on and off the court, has been about stepping up decisively in the moments that matter most,” Westbrook wrote in a statement to CNBC. Westbrook and the Nuggets are currently facing the Oklahoma City Thunder in the NBA Western Conference semifinals. “Eazewell is exactly that — a decisive solution to a very real problem.”

The Los Angeles-based company uses AI to curate funeral options catered to each user’s budgets and preferences. The platform assists with paperwork, budget planning, invitations and overlooked tasks such as canceling a deceased loved one’s utility bills and social media accounts. Eazewell currently has 11 employees and has already tested its beta platform with more than 1,000 families. 

Eazewell has not disclosed funding but has revenue agreements with partner services. The startup is also working on partnerships with finance and life insurance companies in the space. The service is free to use and does not have an ads component “at this stage,” a company spokesperson said.

“We’re trying to take the weight off people’s shoulders as much as we can, and make this process so much easier for people,” Walker told CNBC in a phone interview. Walker played college basketball with Beverly at the University of Connecticut.

Eazewell traces its origins to Westbrook and Beverly’s high school days, when their friend and basketball teammate Khelcey Barrs III passed away unexpectedly from an enlarged heart. Westbrook commemorates Barrs to this day by wearing a bracelet with the initials “KB3” in every NBA game he plays and on his signature Jordan Why Not Zer0.6 “Khelcey Barrs” shoe.

“It’s a reminder that life can change in an instant,” Westbrook said. “You don’t get to choose the moment, but you do get to choose how you respond.”

The experience left a lasting effect on the two friends, Beverly said, but it wasn’t until the death of Beverly’s parents that he experienced funeral planning hurdles firsthand. Beverly said the experience was “messy” and “grueling.”

Disillusioned and frustrated by the process after the death of his mother and father in 2016 and 2023, respectively, Beverly turned to his close friends to come up with the solution that became Eazewell.

“It just seems like the perfect time to really turn our shared pain into purpose,” Beverly said.

One of Eazewell’s most innovative features is its voice-activated AI agent that can gather cost quotes and call funeral homes on a user’s behalf.

Recent advancements in AI have only recently made it possible to automate tasks and create agents that can manage these jobs in an empathetic and compassionate manner, said Viviane Ghaderi, Eazewell’s tech chief and a former Amazon executive.

Stephen Stokols, an Eazewell investor and CEO of Tru Skye Ventures, an early-stage sports technology and wellness venture firm, said these “transformational” AI advancements helping bring the funeral industry out of the “dark ages” initially drew him to the project.

Walker said he hopes Eazewell can offer users the tools to navigate a topic that is not taught in school or early life.

“We know how important it is to have someone by your side to help with the details that come after a loss,” Westbrook said.

This post appeared first on NBC NEWS

The Wise share price has done well in the past few weeks as the company’s growth continues. It rose to a high of 1,055p on Tuesday, its highest level since February 2021, up by 24% from the lowest point in April, and 84% above its lowest level in 2024.

Wise business is doing well

Wise is a top fintech company that lets people send and receive money internationally. It is also a digital bank, allowing users to save money in over 40 currencies. In some countries, the company offers a debit card and other solutions, such as the ability to invest in stocks and invest in yield-bearing services.

Wise business has continued doing well over the years because of its lower fees, transparency, and innovation, which have seen it add more services. This growth has happened at a time when competition in the industry is rising, with companies like PayPal and Remitly gaining share.

Also, the company is facing competition from the cypto industry as the role of stablecoin has gotten more pronounced. Visa estimates that stablecoins have transacted over $32 trillion in the last twelve months, while the active unique addresses has jumped to over 188 million.

The most recent results showed that Wise business did well in the first half of its financial year as its revenue jumped by double digits. Its revenue rose by 19% to £591 million, while its underlying operating profit soared by 52% to £156 million. The profit before tax soared by 57% to £147 million.

This growth is impressive considering that other companies in the fintech industry, like PayPal and Block, are no longer growing as they did in the past. 

In a trading statement in January, Wise said that its gross transaction growth jumped by 24% in the third quarter as the number of users soared to 9 million. Cross-border transaction volume rose by 24%.

Read more: PayPal stock price analysis: buy, sell, or hold ahead of earnings?

Wise’s cross-border volume rose to £37.8 billion, while the underlying income rose to £349 million. This growth will likely continue as the company continued to ink partnerships with other firms. For example, it has inked a partnership to power SC Remit, the cross-border payment solution by Standard Chartered, a large emerging-market focused bank. 

Further, there are signs that Wise is fairly valued. SeekingAlpha data shows that it has a price-to-sales ratio of 24, which is balanced considering that it is still having a double-digit growth rate. Also, the company has a large total addressable market, both from the retail and corporate perspectives. For example, Wise has less than 5% market share in the £2 trillion a year peer-to-peer payments industry. It also has a small market share in the small and large businesses’ payment solutions. 

Wise share price analysis

Wise stock chart | Source: TradingView

The daily chart shows that the Wise stock price has been in a strong uptrend in the past few days. It has moved from a low of 830p on April 7 to a high of 1,030. 

The stock has formed an inverse head and shoulders pattern, a popular bullish sign. It has also remained above the 50-day and 100-day Exponential Moving Averages (EMA) as top oscillators have pointed upwards.

Therefore, the stock will likely continue rising as bulls target the all-time high of 1,140p, which is about 10% above the current level. A drop below the support at 996p will invalidate the bullish outlook.

Read more: PayPal stock price forecast: why PYPL is crashing, and what next

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The Hang Seng Index rose to the highest level since April 2 as investors waited cautiously on the upcoming US and China trade talks in Switzerland. The index, which tracks some of the top Chinese companies, rose to $23,170 and then pulled back to $22,773. This article provides a forecast for the index and what to expect. 

US and China trade talks

The Hang Seng Index rose after it was revealed that Scott Bessent and Jamieson Greer will travel to Switzerland to meet with their Chinese counterparts. He Lifeng will lead the Chinese delegation.

This is the first time that the US and Chinese officials are meeting since Donald Trump announced his tariffs. Since then, the two superpowers have boosted their tariffs, with the US raising levies to 145% and China implemented tariffs to 125%.

The market hopes that the new trade talks will help to address the key issues between the two countries. Precisely, the US wants China to help it reduce its trade deficit, which surged to $140 billion in March. 

However, these talks may not have a major impact, at least initially, because of the uncertainty surrounding what Trump wants. 

For one, Trump has claimed that the US was collecting ‘billions and billions’ of dollars from tariffs, meaning that he sees them as a revenue generator. As such, lowering the tariffs the US is charging on Chinese goods will likely lower the revenue that the US is collecting.

Also, lowering tariffs on these goods means that the US will continue purchasing more goods from China, leading to a higher trade deficit. 

Most notably, a deal will likely lead to lower investments by foreign companies in the US as they will continue sourcing goods from the country. In a statement, Beijing expressed about the sincerity of these talks, saying:

“If you say one thing and do another, or even attempt to continue to coerce and blackmail under the guise of talks, China will never agree, let alone sacrifice its principled position and international fairness and justice to seek any agreement.”

Read more: Top reasons why the Hang Seng Index may surge in 2025

China stimulus measures

The Hang Seng Index also rose after Beijing announced more stimulus measures as it seeks to hit the 5% target. The People’s Bank of China (PBOC) reduced a key policy rate, a move that it hopes will make capital more accessible in the country. 

Further, China reduced the reserve requirement ratio from 9.50% to 9%. These actions happened the same day the Federal Reserve delivered its interest rate decision.

Economists believe that the bank will decide to leave interest rates unchanged in this meeting. Some of the top experts expect the bank to start cutting rates either in June or in July.

Many Hang Seng Index constituents have done well this year. The top gainers were firms like Chow Tai Fook Jewellery, Alibaba Health Information, Semiconductor Manufacturing International, Alibaba Group, BYD, Xiaomi, and Hanso Pharmaceutical Group.

Hang Seng Index technical analysis

HSI chart by TradingView

The weekly chart shows that the Hang Seng Index has been in a strong bullish trend in the past few months. It has moved from a low of $14,787 last year to $23,000. It has remained above the 50-week moving average.

The index has formed an ascending channel, which resembles to a giant megaphone pattern. Also, the Relative Strength Index (RSI) has continued rising.

Therefore, the index will likely continue rising as bulls target the key resistance at $24,835, up by about 9% above the current level. A move below the key support at $22,000 will invalidate the bullish outlook.

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