White Nielsen CEO explains decision to become chief diversity officer

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Nielsen’s David Kenny in an appearance on CNBC on Friday explained why he embedded the position of chief diversity officer into his responsibilities as chief executive officer of the marketing firm.

When asked his motive for leading the company’s diversity and inclusion initiatives, Kenny, who is White, said the top reason was “power.”

“There is no more powerful position than the CEO and, quite honestly, this isn’t going to change if the people with power don’t use that power to change it,” he said in a “Closing Bell” interview.

Kenny, who became chief executive in December 2018, first announced publicly

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Robinhood increases guardrails on options trading in the wake of a customer suicide

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Robinhood is making it more difficult to get access to its options offering in the wake of a customer’s suicide last week. 

In a blog post Friday, Robinhood’s co-CEOs outlined multiple changes to the free-trading app. Robinhood will increase eligibility requirements, and “consider additional criteria” for customers for level three options authorization “to help ensure customers understand more sophisticated options trading.” 

The company will also change its user interface. Robinhood said it would roll out improvements to in-app messages and emails associated with options spreads, and add more educational content related to that type of trading.

“Over the past week,

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Top members of coronavirus task force advised against Trump’s Tulsa rally

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Leading members of the coronavirus task force warned White House officials about the health risks of holding large-scale indoor campaign rallies and advised against the mass gatherings, according to two people familiar with the discussions.

Dr. Anthony Fauci, the nation’s top infectious disease expert, and task force response coordinator Dr. Deborah Birx both vocalized concerns internally in the last week about the safety of holding a rally with as many as 19,000 of people in an enclosed arena in Tulsa, Oklahoma on Saturday.

But President Donald Trump and his campaign advisers are proceeding with the event, which is expected to

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Volatile end to strong week

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A view of the fearless girl wearing a mask in front of the New York Stock Exchange in New York City USA during coronavirus pandemic on April 25, 2020.

John Nacion | NurPhoto | Getty Images

Dow Jones Industrial Average falls 208 points

The Dow dropped 208.64 points, or 0.8%, to close at 25,871.46. The S&P 500 slipped 0.5% to end the day at 3,097.92. The Nasdaq Composite was flat at 9,946.12. 

Volatile end to an up week

The major averages rolled over around midday after Apple said it would reclose some of its stores, citing the recent coronavirus spikes

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