racial equality

E-commerce giant Amazon, Inc. (NASDAQ: AMZN) said it is conducting a racial equity audit as part of its efforts to support and increase diversity in the workplace, a definitive proxy statement filed with the SEC as Form DEF 14A showed. What Happened: Amazon said the focus of the racial equity...

Shares of African American-centric media company Urban One Inc. (NASDAQ: UONE) (NASDAQ: UONEK) surged more than 29% in the regular trading session on Thursday and further gained 7.4% in the after-hours session. What Happened: Urban One likely benefited from fast-food giant McDonald’s Corp....

America's largest bank, JPMorgan Chase & Co (NYSE: JPM) has committed to extend $30 billion in additional loans to Black and Latino home buyers and small-business owners, in a move to address the nation's racial wealth gap, reports the Wall Street Journal. What Happened: JPMorgan joins...

The U.S. Labor Department contacted Microsoft Corporation (NASDAQ: MSFT) and Wells Fargo & Co (NYSE: WFC) last week questioning their diversity hiring pledges, reports the Wall Street Journal. What Happened: Craig Leen, director of the Office of Federal Contract Compliance Programs (OFCCP) in a...

Netflix Inc. (NASDAQ: NFLX) on Tuesday announced it is committing $100 million towards the cause of racial equality in the United States. What Happened The streaming video on demand service provider said it would allocate up to two percent of its cash holdings going forward to "financial...