• News

    Inside Trump’s war on the postal service

    President Donald Trump admitted Thursday morning that he was intentionally blocking federal funding to the U.S. Postal Service to discourage the use of mail-in ballots in November’s elections. “Now, they need that money in order to make the post office work, so it can take all of these millions and millions of ballots,” Trump said in an interview with Fox Business Network’s Maria Bartiromo. “Now, if we don’t make a deal, that means they don’t get the money,” he added. “That means they can’t have universal mail-in voting, they just can’t have it.” The next round of stimulus funding for businesses, local governments and individuals impacted by the virus is…

    Comments Off on Inside Trump’s war on the postal service
  • Leadership

    Why HP is pushing for boardroom equality

    This is the web version of CEO Daily. To get it delivered to your inbox, sign up here. Good morning. David Meyer here in Berlin, filling in for Alan. As we head into a much-deserved weekend, I’d like to draw your attention to a couple of worthwhile reads. The first is this LinkedIn post from HP CEO Enrique Lores, following an appearance before the California Senate yesterday by HP’s strategy chief, Kim Rivera. Rivera was there to express the company’s support for a state bill that would force firms to diversify their boards. Here’s what Lores had to say on the matter: “It’s an important piece of legislation. I urge the…

    Comments Off on Why HP is pushing for boardroom equality
  • Finance

    The S&P 500 is on its best bull run in 87 years. Here’s why

    This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Happy Friday, Bull Sheeters. Solid U.S. labor data couldn’t save the Dow and S&P 500 from finishing in the red yesterday. But the benchmark S&P 500 is still up more than 50{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} since its March lows as it nears a new all-time high. Alas, U.S. futures point to a flat open today. Let’s check in on the action. Markets update Asia The major indexes are mostly higher, with the Shanghai Composite leading the way, up 1.2{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} in afternoon trade. China’s industrial output continues to crank into…

    Comments Off on The S&P 500 is on its best bull run in 87 years. Here’s why