NBA DEI chief Lesley Slaton stepping down: report
Lesley Slaton, the NBA's chief DEI officer, informed colleagues in an email Wednesday she's stepping down, according to Adweek.
Brown joined the NBA as chief DEI officer in 2023. Before that, she was chief DEI officer at HP since 2015.
Adweek reported the league will hire a replacement.
"The values of diversity and inclusion are central to the culture of the NBA, WNBA, and our other leagues and will remain core to our business and our workplace," the email said.
Other American sports organizations have taken steps to distance themselves from DEI.
MLB has removed "diversity" references from its careers page entirely.
The General Services Administration announced changes in February to the Federal Acquisition Regulations meant to align with the president's executive order aimed at restoring merito and ending discrimination in the public and private sectors. The move reverses previous Biden administration executive orders that made it mandatory to consider DEI when reviewing contract proposals.
Under Trump, language associated with DEI principles was also ordered removed from any federal acquisition, contracting, grant or financial assistance procedures.
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San Francisco Chronicle
9 minutes ago
- San Francisco Chronicle
Brothers bring boxing back to Fenway after 70 years and hope to revitalize the sport in Boston
For the first time in nearly 70 years, boxing is returning to Boston's famed Fenway Park. The 11-fight card is the culmination of years of effort by twin brothers and longtime public schoolteachers who grew up in Watertown and want to revitalize boxing in the city that was home to some of the greatest athletes in the sport's history. It's also symbolic of a shift back to the roots of the oldest ballpark in Major League Baseball, to when it wasn't just used for Red Sox games but for other sports and political events. 'Most people's experience there is solely related to baseball,' said Richard Johnson, Fenway expert and curator at The Sports Museum in Boston. 'But the fact is that this year, you can see an event that'll be very similar to what your grandparents saw.' Promoters Mark and Matt Nolan want 'Fight Night at Fenway,' scheduled for Saturday, to be both a time capsule and time machine, taking spectators back to boxing's glory days and what the sport can be for the city in the future. The Nolans got their license to organize fights last year with the goal of bringing boxing back to Boston. After Fenway, 'That's mission accomplished,' Matt Nolan said. 'It's not just like our dream, it's everybody's dream — every boxer on planet Earth,' he said. 'Just the idea that some kid can fight his way to Fenway Park. It's like hitting the lottery. You can't you can't beat it. There's nothing comparable.' A rich history Boston has played a long and impressive role in American boxing history and the development of the sport itself, said Johnson, author of 'Field of Our Fathers, An Illustrated History of Fenway Park.' The city was home to 'Boston's Strong Boy,' John L. Sullivan, born in 1858 to Irish immigrant parents and widely considered America's first sports superstar. The first heavyweight champion of the world, he was as famous as Muhammad Ali was in his time. Sam Langford, a Black Canadian-born boxer, moved to Boston as a teenager but was blocked from competing in the world championships by racist policies and is considered one of the greatest non-champions in boxing. Other boxing stars with Boston connections include Marvin Hagler and Rocky Marciano of nearby Brockton. 'The Boston Bomber' Tony DeMarco, whose statue raises his fists at passersby in Boston's North End, was the last fighter to win in the ring at Fenway in 1956. For a time after it was built, Fenway Park was the only outdoor venue with a significant seating capacity in Boston, making it a destination for all kinds of events, including boxing starting in 1920. After new owners took over in 2002, the park became a venue for concerts and sporting events like hockey, snowboarding, Irish football and curling. 'Back in the day, it was sort of the Swiss Army knife of sports facilities in Boston. And it's returned to that — a little bit of everything. So, returning boxing to the park is just a nod to the past,' Johnson said. Other venues can feel 'more corporate and sterile,' but Fenway is living history, said Johnson, who calls it the 'largest open-air museum in New England.' A different pitch Mark Nolan said it's not for lack of trying that no one has hosted a boxing fight at Fenway in almost 70 years. But many promoters couldn't make a pitch that landed with ballpark management. The Nolans, who teach full time and own a boxing gym in Waltham where people can train regardless of their ability to pay, were different. After success hosting events at other venues, Mark Nolan said Fenway Sports Group connected to their 'everyman' appeal and decided to give them a shot. The brothers fell in love with boxing while accompanying their father, a boat captain, to the gym as kids. When they expanded from coaching amateur boxers to professionals five years ago, they were dismayed by what they found: shows full of uneven fights set up to make the promoters as much money as possible, with established amateurs fighting people who 'have no right putting gloves on in any capacity whatsoever' in venues like high school gymnasiums. Fighters weren't being paid fairly and contracts weren't transparent. They came up with a simple business plan: pick good venues, pay fighters well and only host matches in Boston proper. They said a lot of promoters sell fighters, but they're focused on selling fights fans want to see. 'They're making sure that every fight is well-matched,' said Thomas 'The Kid' O'Toole, a fighter from rural Galway, Ireland, who has lived in Boston for the past two years, 'Nobody wants to see someone go in and just knock their opponent out right away and beat them up for four, six, eight rounds. They want to see a competitive fight.' O'Toole went professional in 2021 and is undefeated with 13 fights. He said his fight against St. Louis-born Vaughn 'Da Animal' Alexander at Fenway will be 'the biggest test of his career.' Massachusetts-born Lexi 'Lil Savage' Bolduc will compete in her fourth professional fight. She faces Sarah Couillard in a rematch after coming out on the losing end of a majority draw at the Royale. 'Fighting at Fenway, I think adds a little bit of pressure because I'm local, I grew up in Mass and idolized a lot of players as I was growing up. ... But at the same time, I'm trying to use it just as a huge opportunity and really soak in the moment,' she said. 'Pressure makes diamonds. 'To be able to kind of stand on that same ground of some of the most accomplished athletes, it's really remarkable,' she said.
The Hill
11 minutes ago
- The Hill
Johnson brushes off Musk campaign spending threats: ‘It doesn't concern me'
House Speaker Mike Johnson (R-La.) in an interview Friday brushed off Elon Musk's campaign spending threats in light of the tech billionaire's public fallout with President Trump, suggesting he isn't worried. The spat between Trump and Musk began with the latter's criticism of the president's legislative agenda making its way through Congress. Johnson said he built a closer relationship with the then-special government employee and that the tech mogul has been led astray regarding the 'big beautiful' spending package. 'Look, it doesn't concern me. We're going to win either way because we're going to win on our policies we're delivering for hardworking Americans and fulfilling those promises,' Johnson told Fox News's 'Jesse Watters Primetime.' 'But look, I like Elon and respect him. I mean, we became friends in all this process,' he continued. 'I've been texting with him even this week … in trying to make sure that he has accurate information about the bill. I think he has been misled about it.' Musk, who contributed hundreds of millions of dollars to assist in Trump's win in the 2024 presidential election, was the biggest donor during the White House race. Amid his recent spat with Trump, which broke out in public as the two traded insults and threats, Musk argued that without his political expenditures, Trump would have lost to former Vice President Harris, Republicans would lose the majority in the House and the GOP would have failed to flip the majority in the Senate. Trump then threatened to have all federal contracts associated with the billionaire's companies to be cut off. As the fight between the two intensified, the tech executive floated the idea of forming a third party and accused the president of being named in the late Jeffrey Epstein's files. Trump has denied close ties to the disgraced financier. Musk's opposition to the GOP megabill — which he called a 'disgusting abomination' — is largely tied to deficit spending. The billionaire argued the legislation would balloon the national debt and fails to slash enough spending. The package faces an uphill battle in the Senate. While Musk, who recently left his position as the top adviser to Trump's Department of Government Efficiency (DOGE), seemed open to repairing ties on Friday, the president appeared to be OK with moving on. Johnson in the interview Friday defended the spending bill and commended Trump for his handling of the squabble. 'We're going to make good on this… I like the president's attitude. You know, he is moving on. He has to,' he told the host. 'He's laser-focused on delivering for the people. And House and Senate Republicans are as well. So, we've got our hand at the wheel.' 'We're going to get this done just like we told the people,' the Speaker continued. 'And if you are a hardworking American that is struggling to take care of your family, you are going to love this legislation.' The Louisiana Republican added, 'I'm telling you, all boats are going to rise and everybody's going to be in a much better mood before we go into that midterm election in 2026.'
Yahoo
11 minutes ago
- Yahoo
Morning Bid: Trump-Musk bust-up smolders
By Mike Dolan LONDON (Reuters) - What matters in U.S. and global markets today Donald Trump's hotly anticipated meetings with the leaders of the world's two other biggest economies ended up being sideshows compared to his online bust-up with billionaire backer Elon Musk. It's Friday, so today I'll provide a quick overview of what's happening in global markets and then offer you some weekend reading suggestions away from the headlines. Today's Market Minute * White House aides scheduled a call between Donald Trump and Elon Musk for Friday, Politico reported, after a huge public spat that saw threats fly over government contracts and ended with the world's richest man suggesting the U.S. president should be impeached. * U.S. President Donald Trump and Chinese leader Xi Jinping confronted weeks of brewing trade tensions and a battle over critical minerals in a rare leader-to-leader call on Thursday that left key issues to further talks. * China has signalled for more than 15 years that it was looking to weaponise areas of the global supply chain, a strategy modelled on longstanding American export controls Beijing views as aimed at stalling its rise. The scramble in recent weeks to secure export licences for rare earths shows China has devised a better, more precisely targeted weapon for the trade war. * By any measure, the recent resilience of U.S. stocks is remarkable, with Wall Street powering through numerous headwinds to erase all its tariff-fueled losses and move into positive territory for the year. Reuters columnist Jamie McGeever explains why the rally may still have some juice left in it. * There are some tentative early signs that weak thermal coal prices are starting to boost import demand among Asia's heavyweight buyers China and India. Read Reuters Columnist Clyde Russell to find out more. Trump-Musk bust-up smolders For markets trying to navigate everything from creeping signs of labor market weakness to the latest European Central Bank easing, the spat between the U.S. president and the world's richest man proved more than a distraction. It remains to be seen if it overshadows the May payrolls report later on Friday. The extraordinary sparring match drew in other major political and business figures and included potentially seismic accusations and threats. In turn, the share price of Musk's Tesla plummeted almost 20% at one point, dragging Wall Street stock indexes and crypto tokens deep into the red. The public feud appeared to cool off somewhat overnight and allowed stock futures to regain some lost ground. But the fact that the spat overshadowed the other major events of the day was another marker of this administration's unpredictability. The substance of the row was over Trump's "one big beautiful" fiscal bill that Musk thinks is a "disgusting abomination" due to the amount of spending. The bill, which has yet to be passed by the Senate, is expected to add $2.4 trillion to the U.S. debt over the next decade, based on CBO estimates. The vast bulk of this will likely be incurred over the next four years. In the background, the call between Trump and China's President Xi Jinping delivered no breakthroughs in the trade row apart from warmer words and an agreement to resume talks. The Oval Office meeting with Germany's Chancellor Friedrich Merz was relatively positive about trade and diplomatic issues. Earlier in the day, the ECB cut rates again as expected and suggested that there may be a pause at its next meeting and that it could be near the end of its easing cycle now that 'real' inflation-adjusted rates are back near zero. The euro hit a six-week high on Thursday regardless, although it gave back those daily gains today. Rising weekly U.S. jobless claims, meantime, cast a shadow over today's release of the May employment report. Consensus forecasts are for a slowdown in payroll growth to 130,000. Treasury yields, which ebbed and flowed all day on the conflicting signals from the trade meetings and stock gyrations, are back hovering at the week's lows ahead of the jobs report. Even though Federal Reserve officials continue to signal caution about the uncertain outlook ahead, markets are now priced for a resumption of Fed cuts by September. Into the already confusing mix, the Treasury released its annual report on potential currency manipulation overseas, adding Switzerland and Ireland to its watchlist, which already includes China, Japan, Germany, South Korea, Taiwan, Singapore and Vietnam. The list likely carries more heft than usual amid multiple tense trade negotiations. Markets assume the U.S. may pressure other countries to let their currencies appreciate versus the dollar as part of deals to avert severe tariffs being re-imposed next month. The Swiss National Bank responded on Friday by saying it would intervene in currency markets where necessary to keep inflation on track. Intervention to cap a super-strong franc has been a critical monetary tool used over the past decade and may need to be tapped again now that Swiss inflation has returned negative just as the SNB's key interest rate is set to return to zero in June. Elsewhere, China's yuan slipped against the dollar while falling to a near two-year low versus its major trading partners on Friday as the Trump-Xi call fell short of many expectations. Stock markets overseas were mixed on Friday as Wall Street remained on edge and the U.S. jobs report loomed. In the euro zone, first-quarter GDP was revised higher to show twice the growth originally estimated: 0.6% quarter-on-quarter, leading to an annual rate of 1.5%. India's central bank cut key rates by a larger-than-expected 50 basis points to 5.5%, its steepest cut in five years. It also slashed its cash reserve ratio - funds that banks are required to hold - by 100 bps to 3% in a surprise move aimed at boosting lending and speeding up policy transmission. In single stocks, Tesla shares recovered around 5% in Frankfurt on Friday, having closed down 14% in New York yesterday amid the Trump-Musk spat. It lost about $150 billion in market value yesterday, which caused the erstwhile member of the 'Magnificent Seven' megacaps to drop to ninth in the list of most-valuable firms behind Broadcom and Berkshire Hathaway. Broadcom's shares, however, fell 4% in extended trading overnight as its forecast-beating earnings seemed to underwhelm the Street. In Bank of America's weekly tally of fund flows, U.S. stocks saw outflows of $7.5 billion, the third week of exits, while European shares saw inflows of $2.6 billion, the eighth week of inflows. Weekend reading suggestions * 'BLUE BONDS': European countries should seize the moment to boost the size and liquidity of jointly-issued euro sovereign debt, and a solution could be to replace a proportion of the stock of national bonds with senior Eurobonds, or 'blue bonds'. So says a 'working document' from Peterson Institute senior fellow and former IMF chief economist Olivier Blanchard in a paper jointly written with Citadel's Angel Ubide. * NUCLEAR BLIND SPOTS: United Nations nuclear watchdogs appear to have lost track of some critical elements of Iran's nuclear activities since U.S. President Donald Trump ditched a 2015 deal that imposed strict restrictions and close supervision by the International Atomic Energy Agency. Reuters Francois Murphy and John Irish report on key blind spots that include not knowing how many centrifuges Iran possesses or where the machines and their parts are produced and stored. * OCEAN ECONOMY: Trade in the global 'ocean economy' hit as much as $2.2 trillion in 2023, about 7% of total world trade, but this trade is increasingly threatened by climate change and environmental problems, the United Nations trade and development arm UNCTAD showed in a report this week. The ocean economy grew faster than the world economy at large in the five years to 2020 and an estimated 100 million jobs depend on it. * 'TRUMP DOCTRINE': The emerging foreign policy under President Donald Trump resembles a 'look the other way' doctrine or a 'none of our business' doctrine, argues former George W. Bush State Department official Richard Haass on Project Syndicate. "The U.S. sought to change the world, annoying some and inspiring others. Those days are gone, in some ways for better, but mostly for worse. The US has changed. It is coming to resemble many of the countries and governments it once criticized." * MAGNETIC FEW: A small team in China's Ministry of Commerce decides the fate of the global auto industry, one rare earth magnet export permit at a time. China holds a near-monopoly on rare earth magnets, a key component in electric vehicle motors, and it added them to an export control list in April as part of its trade war with the United States. Reuters' Laurie Chen and Lewis Jackson show how it falls to the Bureau of Industrial Security and Import and Export Control, part of China's Ministry of Commerce, to review export permits for the rare earth magnets, vital for car motors, wind turbines and even U.S. F-35 fighter jets. * FINANCE AND AI: Artificial intelligence advances in the financial sector offer enhanced data analysis, risk management and capital allocation, but there are problems too, according to a paper on CEPR's VoxEU website. As AI systems become more widespread, they introduce challenges for regulators tasked with balancing the benefits of innovation with the need for financial stability, market integrity, consumer protection and fair competition. * DRONE ATTACK: Ukraine's 'Operation Spider's Web' last weekend used smuggled drones to attack bomber aircraft deep inside Russia, and the 'remarkable event' could affect the future of conflict, argues Council on Foreign Relations fellow Michael Horowitz. The attack "clearly shows that even targets deep in a country's territory could now be at risk". * IMF EUROPE: The case for closer European economic integration has become more compelling as external challenges multiply, according to Alfred Kammer, director of the International Monetary Fund's European Department. Stressing the need for the completion of the single market, Kammer said capital markets integration has been too slow and that cross-border flows have been frustrated by persistent fragmentation. "If history is a guide, Europe can turn adversity to advantage." * ALPINE TRUSTS: Liechtenstein is examining tightening control of scores of Russian-linked trusts abandoned by their managers under pressure from Washington. Reuters' John O'Donnell and Oliver Hirt cite sources in reporting that the country, one of the world's smallest and richest, is home to thousands of low-tax trusts, hundreds with links to Russians. Chart of the day Supply chain stress ticked up in May, data from the Federal Reserve Bank of New York said on Thursday. The bank noted that its Global Supply Chain Pressure Index for May rose to 0.19 from -0.28 in April, only the second time it stood in positive territory this year and the highest reading since the 0.20 seen in August of last year. Although the index remains subdued compared to the post-pandemic surge, growing concerns about the impact of the tariff war - particularly the impact of China's restrictions on rare earth and minerals exports on the global auto industry - will ensure policymakers keep a close eye on these pressures for any signs of re-emerging inflation. Today's events to watch * U.S. May employment report (8:30 AM EDT), April consumer credit (3:00 PM EDT); Canada May employment report (8:30 AM EDT) Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. (By Mike Dolan; Editing by Anna Szymanski)
