The BNY Mellon US Mid Cap Core Equity ETF (BKMC) offers investors a passively managed way to gain exposure to the mid-cap blend segment of the US equity market. With low costs, a diversified portfolio, and strong performance, BKMC is a compelling option for long-term investors seeking stable growth potential.
Open-ended equity mutual funds witnessed a decrease in inflows for the first time in 41 months, dropping by 8.61% in July. The decline is attributed to reduced investments in both large-cap and mid-cap funds.
Alaska Airlines outlines its progress towards its 2025 Diversity, Equity, and Inclusion (DEI) objectives. The airline has seen growth in representation across various levels, particularly in leadership. However, the company acknowledges the need for continued focus on building an inclusive culture and fostering employee engagement.
In the corporate world, diversity and inclusion have become common terms, but achieving true equity remains a challenge, particularly for the LGBTQ+ community. Trailblazers like Nikita Panchal, Global Talent Head at ACG World, are leading the way in creating lasting change. In the first episode of Shine’s campaign “Welcome LGBTQ+ at Work,” Panchal shared her organization’s strategies for fostering an inclusive environment. She emphasized that ACG World’s D&I initiative, “Spectrum,” aims to create a workplace where everyone feels represented, respected, and included.
Amidst legal challenges and mounting political pressure, an increasing number of higher education institutions are dismantling their diversity, equity, and inclusion (DEI) programs. In the wake of the Supreme Court’s affirmative action decision and state legislation, universities have been re-examining the efficacy of their DEI initiatives. Despite the removal of DEI programs, some observers believe that proxy initiatives are emerging to evade accountability and continue promoting DEI principles under different guises, such as ‘belonging’ and ‘culturally responsive teaching.’ Critics argue that these programs lack evidence of effectiveness and create a cycle of self-preservation that hinders progress in addressing campus climate issues.
A group of Republican House members have requested a detailed accounting of federal spending on diversity, equity, and inclusion (DEI) programs. Led by Rep. Eric Burlison, they argue that it is crucial to know how taxpayer dollars are being allocated before crafting spending bills for the next fiscal year. The letter outlines the specific information sought, including funding amounts, program names, and personnel involved in DEI initiatives across government agencies. They also seek information on planned or developmental programs related to DEI. The request reflects concerns among Republicans about the Biden administration’s emphasis on DEI, which they believe is divisive and counterproductive.
In celebration of Mother’s Day, AirAsia has launched a new nursing cover for its pilots and cabin crew, as part of its Diversity, Equity, and Inclusion (DEI) initiative. The nursing cover is accompanied by a Moms-on-Duty kit, which includes a manual, a baby romper, and information on internal support for health and nutrition. This initiative is a part of AirAsia’s broader commitment to enhancing female participation in operational roles, which includes extending maternity leave, opening childcare centers, and improving income security for pregnant employees.
Congress is expected to reauthorize the Federal Aviation Administration (FAA) without a ban on Diversity, Equity, and Inclusion (DEI) programs. However, critics argue that DEI initiatives prioritize race over merit and skill in the industry, compromising safety. The FAA’s past actions, such as altering its air traffic controller test to increase African American representation, have faced legal challenges due to race discrimination concerns. Industry insiders and experts warn that placing unqualified individuals in critical aviation roles poses a grave risk to passengers and industry operations.
Tiger Woods and Rory McIlroy have been rewarded for their loyalty to the PGA Tour with multi-million dollar payouts from the newly created PGA Tour Enterprises. Woods will receive $100 million while McIlroy will earn $50 million. The Telegraph reported that around $750 million of equity will be divvied up between 36 “superstars” who are the “most deserving.” Another $250 million will be split up between roughly 160 other golfers.
Environmental experts emphasized the need for an equitable transition to clean energy, acknowledging that communities disproportionately affected by pollution should benefit from the transition. The Inflation Reduction Act has allocated funds for equitable transition, and international cooperation is crucial for supporting countries vulnerable to climate change impacts.
