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2026-01-21 19:13:52| Fast Company

The Trump administration is dropping its appeal of a federal court ruling that blocked a campaign against diversity, equity, and inclusion threatening federal funding to the nation’s schools and colleges. The Education Department, in a court filing Wednesday, moved to dismiss its appeal. It leaves in place a federal judges August decision finding that the anti-DEI effort violated the First Amendment and federal procedural rules. The dispute centered on federal guidance telling schools and colleges they would lose federal money if they kept a wide range of practices that the Republican administration labeled as diversity, equity, and inclusion. The department did not immediately comment. Democracy Forward, a legal advocacy firm representing the plaintiffs, said the dismissal was a welcome relief and a meaningful win for public education. Todays dismissal confirms what the data shows: government attorneys are having an increasingly difficult time defending the lawlessness of the president and his cabinet, said Skye Perryman, the group’s president and CEO. The department sent the anti-DEI warning in a Dear Colleague Letter to schools last February. The memo said race could not be considered in decisions involving college admissions, hiring, scholarships and all other aspects of student, academic, and campus life. It said efforts to increase diversity had led to discrimination against white and Asian American students. The department later asked K-12 schools to certify they did not practice DEI, again threatening to cut federal funding. Both documents were struck down by U.S. District Judge Stephanie Gallagher in Maryland. In her ruling, she said the guidance stifled teachers’ free speech, causing millions of educators to reasonably fear that their lawful, and even beneficial, speech might cause them or their schools to be punished. The challenge was filed by the American Federation of Teachers. ___ The Associated Press education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find APs standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org. By Collin Binkley, AP education writer


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2026-01-21 18:30:00| Fast Company

The U.S. stock market is steadying following its worst day since October, though some signs of fear remain on Wall Street Wednesday about President Donald Trumps desire to take Greenland. The S&P 500 rose 0.6% after Trump said in a speech before business and government leaders in Europe that he would not use force to take the piece of ice. The potential de-escalation in rhetoric, which had ramped up earlier with talk of tariffs crossing the Atlantic, helped the index recover some of its 2.1% drop from the day before and pull closer to its all-time high set earlier this month. The Dow Jones Industrial Average was up 336 points, or 0.7%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 0.5% higher. Treasury yields also eased in the bond market, a day after jumping in a potential signal of worries about higher inflation in the long term. They got help from a calming of bond yields in Japan, which surged earlier on concerns about the size of its government’s debt. The value of the U.S. dollar also held steadier against the euro, Swiss franc and other currencies after sliding the day before. But some nerves seemed to remain in the market, and the price of gold rose another 1.7% and topped $4,800 per ounce for the first time. Trump himself acknowledged how his desire for Greenland led to Tuesdays drop in the U.S. stock market, but he called it peanuts compared to what its gone up in the first year of his second term and said it would go up further in the future. While saying he would not use force to take Greenland, he called for immediate negotiations for the United States to acquire it from Denmark. Trump has a history of making big threats that send financial markets sliding, only to pull back later and reach deals that are seen as less bad for the economy or for inflation than his initial suggestion. On one hand, the pattern has given rise to the TACO acronym suggesting Trump Always Chickens Out if financial markets react strongly enough. On the other, has ultimately struck deals that outsiders may have earlier considered unlikely, ones that he’s crowed about later. The most obvious example is Trump’s announcement of high tariffs on Liberation Day, which eventually led to trade deals with many of the world’s major economies. Helping to lead the U.S. stock market Wednesday was Halliburton, which rose 4.9% after the oilfield services company reported a stronger profit for the latest quarter than analysts expected. United Airlines climbed 2.9% after likewise reporting a better profit for the end of 2025 than expected. CEO Scott Kirby said that the airlines strong momentum in revenue is continuing into 2026. They helped offset a 4.8% drop for Netflix. The streamer sank even though it reported a stronger profit than expected as investors focused instead on its slowing subscriber growth and its lower-than-expected forecast for profit in the current quarter. Kraft Heinz sank 5.4% after Berkshire Hathaway warned investors Tuesday that it may be interested in selling its 325 million shares in the food giant that former CEO Warren Buffett helped create in 2015. Berkshire took a $3.76 billion write-down on its Kraft-Heinz stake last summer. Buffett said last fall that he was disappointed in Kraft Heinz plan to split the company in two, and Berkshires two representatives resigned from the Kraft board last spring. In the bond market, the yield on the 10-year Treasury eased to 4.27% from 4.30% late Tuesday. But it’s still above the 4.24% level where it was at on Friday. That’s before Trump threatened to impose 10% tariffs on Denmark, Norway, Sweden, Germany, France, the United Kingdom, the Netherlands and Finland beginning in February for opposing U.S. control of Greenland. That would be on top of a 15% tariff specified by a trade agreement with the European Union that has yet to be ratified. In stock markets abroad, indexes were mixed in mostly modest movements across Europe and Asia. Japan’s Nikkei 225 slipped 0.4%. The country’s prime minister, Sanae Takaichi, has called a snap election for Feb. 8, which had sent yields of long-term government bonds to record levels. The expectation is that Takaichi, who is capitalizing on strong public support ratings, will cut taxes and boost spending and increase the government’s already heavy load of debt. The yield on the 40-year Japanese government bond pulled back to 4.05% Wednesday, down from the 4.22% level that it had surged to on Tuesday. Stan Choe, AP business writer AP Business Writers Chan Ho-him and Matt Ott contributed.


Category: E-Commerce

 

2026-01-21 18:15:00| Fast Company

Labor unions, faith organizations, and local businesses in Minnesota are calling for a statewide collective pause this Fridayin which they urge residents not to go to work, school, or do any shoppingin protest of the Trump administrations aggressive deployment of Immigration and Customs Enforcement (ICE) agents in the Twin Cities and beyond. The action, called the Day of Truth and Freedom, is planned for January 23, and includes plans for a march in downtown Minneapolis at 2 p.m. Here’s what to know. What’s the situation with ICE in Minnesota? On January 6, the Department of Homeland Security announced it was deploying 2,000 officers to the Minneapolis area to conduct what it called the largest immigration operation ever. The next day, an ICE agent shot and killed Minneapolis resident Renee Nicole Good. Residents and officials, including Minneapolis Mayor Jacob Frey, called for ICE to leave the state immediately. Since then, the crackdown has only continued. ICE agents are reportedly conducting door-to-door raids. They have shown up at local schools, prompting districts to switch to remote learning, and have dragged workers out of a Target store and broke into a home to force a man who was wearing just shorts and Crocs outside into the freezing temperatures. How have Minnesota residents responded? Minnesotans have been protesting this aggressive presence of ICE. Now, a collection of unions, faith groups, community organizations, and local businesses are calling on them to take collective action on Friday, January 23.  Working people, our schools and our communities are under attack, Chelsie Glaubitz Gabiou, president of the Minneapolis Regional Labor Federation, AFL-CIO, said in a statement about her groups support of the Day of Truth and Freedom. Union members are being detained commuting to and from work, tearing apart families. Parents are being forced to stay home, students held out of school, fearing for their lives, all while the employer class remains silent, she continued.  Our labor federations are encouraging everyone to participate on January 23rd. Its time for every single Minnesotan who loves this state and the notion of truth and freedom to raise their voices and deepen their solidarity for our neighbors and coworkers living under this federal occupation. Along with the Minneapolis Regional Labor Federation, AFL-CIO and a slew of local businesses, labor groups including the Saint Paul Regional Labor Federation, the West Area Labor Council, the North East Area Labor Council and the East Central Labor Council are in support of the statewide action. A group of faith leaders and clergy members have also come out in support of the action, announcing that places of worship across the state will participate and demanding ICE leave Minnesota. Silence in the face of oppression is not neutrality. It is permission, one faith leader with the nonprofit Isaiah said in a recent press conference. That is why on January 23 we are standing with more than 100 organizations across Minnesota. What are the demands of the Minnesota anti-ICE economic blackout? Organizers of the economic blackout have created a list of demands from their action.  They are calling for ICE to leave Minnesota; for the officer who killed Renee Good to be held legally accountable; for the upcoming Congressional budget to give no additional federal funding to ICE and for ICE to be investigated for human and Constitutional violations; and for Minnesota and national companies to cease their economic relations with ICE and refuse entry to ICE agents.  A group of Minnesota businesses have announced that they will be closed January 23 for that anti-ICE action. That list includes local restaurants, bars, book stores, and more.  Minneapolis is also home to a number of Fortune 500 companies who have been silent about the ICE raids in the state. When Fast Company reached out multiple times in the wake of Goods killing to General Mills, Target, Best Buy, Cargill, UnitedHealth Group, 3M, and Land OLakes for comment, none of them responded.  Those companies that have Minnesota retail locations do not appear on lists of businesses that plan to close for the one-day strike.  The Trump administration has not indicated so far that it will stop its immigration raids in Minnesota. After Minnesota leaders filed a lawsuit saying the crackdown was unconstitutional in an attempt to end it, the Department of Justice (DOJ) has asked a federal judge to reject that bid. The DOJ is also investigating a protest at a St. Paul church in which residents confronted a pastor who they say is the acting field director of the St. Paul ICE field office. And it has subpoenaed at least five Minnesota officials, including Governor Tim Walz and Mayor Frey, as part of an investigation into whether they have obstructed ICE efforts. 


Category: E-Commerce

 

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