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Wednesday, July 14, 2021

The Daily Money: Do companies really care about diversity?

In today's Daily Money newsletter, we have insights on stocks, Social Security and corporate America's commitment (or lack thereof) to diversity. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Wednesday, July 14

Good morning, it's Nathan wishing you a happy Wednesday!

🐕 As journalists, part of our job is to serve as watchdogs on your behalf. We have the platform to push.

That's why I'm so proud of my USA TODAY Money colleague Jessica Guynn and a whole host of others for leading an effort to get many of the nation's largest companies to disclose – for the first time – the demographics of their workforce.

The results illustrate stark disparities on race. Bottom line: We have a long way to go.

But the journey toward improvement starts with acknowledging the gaps, not hiding from the truth. Check out this must-see story by Guynn, Craig Harris, Jayme Fraser and Dian Zhang on which companies would (and would not) disclose their data.

On to our ... 

💡 INSIGHT OF THE DAY: In a related story, my colleagues spell out additional findings from their project on the disparities in employment at the nation's largest companies. Among the S&P 100, one in every 97 white workers is an executive, but only one in every 443 Black or Hispanic workers holds a top job. Stay tuned for more findings in the days to come.

💡 BONUS INSIGHT: Arizona Gov. Doug Ducey, who has presidential aspirations, supported an effort by Texas businessman and Republican donor G. Brint Ryan to extract millions of dollars in tax refunds from Arizona's Department of Revenue.

📰 And here are more stories you won't want to miss:

1. Signs of weakness lurk beneath the stock market's surface: But here's why you shouldn't worry

2. Some experts urge retirees to wait as long as possible to collect Social Security benefits. But that may not be right for you.

3. Should you buy a flipped house that had renovations done without permits?

4. As you plan for retirement, you shouldn't have all your eggs in the 401(k) basket.

5. It's just what you've been waiting for: mac-and-cheese ice cream.

I'm not sure what's more shocking: The concept, or the $12-per-pint price.

--@NathanBomey

The Amazon logo is seen at the Amazon fulfillment center in Staten Island, one of the five boroughs of New York City.
How diverse are Amazon, T-Mobile, Tesla and FedEx? They won't tell you
A record 54 corporations including Target and CVS opened up about employment diversity. But others, including FedEx, Exxon and Walgreens, refused.
Companies pledged to fight racism but deep racial inequalities persist
Black and Hispanic talent is missing at the top an
Signs of weakness lurk in the stock market. Why you shouldn't worry.
A bull and a bear facing each other
Untangling Arizona Gov. Doug Ducey's complex network of interests
Arizona Gov. Doug Ducey, who is believed to have p
Why you should start collecting Social Security before turning 70
Couple working with financial advisor.
Should you buy a house that was renovated without work permits?
Workers building a home.
Can you retire a millionaire using only a 401(K)?
Well-dressed senior couple.
EV company to double number of chargers
Electrify America, an electric car charger produce
How to build a diverse portfolio with zero investing experience
Person at desk holding phone and taking notes
Kraft Macaroni & Cheese ice cream set to hit shelves
Kraft Macaroni & Cheese and  Van Leeuwen Ice Cream
 
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