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Walmart, the largest retailer globally, is rolling back its diversity, equity, and inclusion (DEI) policies, following a trend among major corporations facing pressure from conservative activists. The changes include not renewing a commitment to an equity racial center and withdrawing from a gay rights index, reflecting the impact of the U.S. Supreme Court's ruling against affirmative action. This shift has been echoed by other companies like Ford and Harley-Davidson, which have also scaled back their DEI initiatives.
The UK is preparing for potential trade repercussions from a protectionist stance by Trump, which could lead to tariffs on products like Harleys and Jack Daniel’s. Meanwhile, Kemi Badenoch has been appointed as the first Black woman to lead a major UK political party, aiming to revitalize the Conservative Party. Additionally, the new chancellor's budget plans are set to significantly reshape the British state, while the UK remains cautious about severing ties with Iran amid ongoing global tensions.
Musk's rivalry with Bezos intensifies as Trump’s victory boosts Musk's influence in the space industry. While Bezos attempts to mend ties with Trump, Musk enjoys a favorable relationship, raising concerns among competitors about potential favoritism in government contracts and NASA leadership. Blue Origin fears Musk's ambitions could undermine competition and national security in the space sector.
Harley-Davidson, Inc. operates through three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The company designs, manufactures, and sells motorcycles, along with distributing parts, accessories, and apparel globally, primarily through independent dealers. LiveWire focuses on electric motorcycles and related products in select markets.
Britain is bracing for potential trade turmoil as Donald Trump’s return to the White House could trigger a tariff war affecting both allies and adversaries. U.K. officials, led by Trade Secretary Jonathan Reynolds, are preparing for various outcomes, including retaliatory measures against Trump's proposed tariffs on imports, which could severely impact British exports in key sectors. The Labour government is actively engaging with U.S. officials while acknowledging the significant implications for the global economy.
Harley-Davidson Inc. reported a decline in motorcycle shipments due to reduced demand and lower sales of high-margin bikes, leading to a revised 2024 outlook. The company now expects motorcycle revenue to drop by 14% to 16% and operating profit margins to range between 7.5% and 8.5%, down from earlier projections of a 5% to 9% decline and margins of 10.6% to 11.6%.

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