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Nike Under EEOC Scrutiny: Diversity Initiatives Face Legal Test as Investor Concerns Mount

The U.S. Equal Employment Opportunity Commission has launched a formal investigation into Nike Inc., probing whether the sportswear giant's diversity, equity, and inclusion programs have inadvertently led to discriminatory practices against White employees and applicants. The regulatory move places Nike's workplace policies under a legal microscope, potentially triggering significant reputational and financial repercussions for the Swoosh brand.

Treasury Secretary Bessent Faces Congress as Fed Probe Looms Over Hearings

Treasury Secretary Scott Bessent heads to Capitol Hill this week for testimony, with lawmakers poised to question him for the first time since the Justice Department launched an investigation into Federal Reserve Chair Jerome Powell. The hearings are expected to focus on economic performance and regulatory policy, even as the shadow of the probe hangs over proceedings.