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Recent Featured Articles

Featured Articles

May 24, 2022 HSBC suspends head of responsible investing who called climate warnings ‘shrill’

Source: The Guardian

HSBC has suspended a senior banker after he referred to climate crisis warnings as “unsubstantiated” and “shrill” during a conference speech that has since been denounced by the lender’s chief executive.

May 24, 2022 IMF says global economy faces ‘confluence of calamities’ in biggest test since World War II

Source: CNBC

The International Monetary Fund has warned against “geoeconomic fragmentation” as policymakers and business leaders gather at the World Economic Forum in Davos, Switzerland.

May 24, 2022 Dimon Says ‘Storm Clouds’ Over the US Economy May Dissipate

Source: Bloomberg

“Strong economy, big storm clouds,” the JPMorgan Chase & Co. chief executive officer... “I’m calling it storm clouds because they’re storm clouds. They may dissipate.”

May 24, 2022 A Harvard economist says the economy looks bad right now, but a recession isn’t a sure thing. It all depends on these 2 factors

Source: Fortune

Things look bad right now, but one economist is refusing to get drawn into worst-case scenario fears—and says that two major factors indicate a recession is far from certain.

May 23, 2022 ESG movement ‘weaponized by phony social justice warriors,’ Musk says as Tesla stock dips more than 6% Friday BY TRISTAN BOVE

Source: Fortune

Tesla owner Elon Musk was furious, labeling the entire notion of ESG—which judges corporations’ performance based on environmental, social, and governance metrics—a “scam” on Twitter. The ESG movement had been “weaponized by...

May 23, 2022 Stock futures rise after Dow falls for 8th-straight week in relentless sell-off

Source: CNBC

Stock futures rose in overnight trading Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a broader market sell-off.

May 23, 2022 Average US gasoline price jumps 33 cents to $4.71 per gallon

Source: ABC News

The average U.S. price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon. Industry analyst Trilby Lundberg the price jump comes amid higher crude oil costs and tight gasoline supplies.

May 23, 2022 Abbott CEO apologizes for the formula shortage as the first overseas shipment arrives

Source: NPR

The CEO of Abbott, the company whose voluntary recall of several widely sold baby formula brands helped trigger a nationwide formula shortage, has apologized for the crisis, as the first overseas shipment of formula approved by...

May 11, 2022 More CEOs consider sustainability to be a top challenge, study says

Source: Reuters

A growing number of chief executives consider sustainability one of the biggest challenges to act upon over the next two to three years, a new study said on Tuesday.

May 11, 2022 Morgan Stanley warns ingredients for a global recession are 'on the table'

Source: Fox Business

With inflation at the highest level in 40 years and the Federal Reserve taking increasingly aggressive action to cool consumer demand and prices, the risk of a global recession is on the rise, according to Morgan Stanley...

May 11, 2022 US hits a record 20% of electricity from wind and solar in April

Source: Electrek

The US achieved a new record in April 2022 – for the first time, the US generated 20% of its electricity from wind and solar power, according to new data released today from global energy think tank Ember.

May 10, 2022 The secret life of ESG ratings

Source: GreenBiz

The letters E, S and G have become so intertwined with the world of sustainability that the three-letter acronym ESG can mean almost anything and, at times, nothing at all. But when it comes to the ratings of companies’...

May 10, 2022 EXPLAINER: Recession fears grow. But how high is the risk?

Source: AP

Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year.

May 10, 2022 Wall Street’s losses worsen as markets tumble worldwide

Source: AP

Wall Street is tumbling toward its lowest point in more than a year on Monday as renewed worries about China’s economy pile on top of markets already battered by rising interest rates.

May 10, 2022 EU to enforce new regulation to tame Big Tech in spring 2023

Source: The Exconomic Times India

The European Union (EU) is planning to enforce the new Digital Markets Act (DMA) to tame the Big Tech companies in the spring next year. Margrethe Vestager, the European Commission's executive vice president, earlier said the...

May 9, 2022 'Stop The Outrageous ESG Assessments': Why Elon Musk Calls It A 'Total Gaming Of The System'

Source: Benzinger

Tesla, Linc released its 2021 Impact Report on Friday, wherein the electric vehicle maker made the argument that current environment, social and governance (ESG) methodologies are fundamentally flawed.

May 9, 2022 A feeling of economic doom is going around. And there isn’t much we can do other than sit back and watch

Source: CNN Politics

There are plenty of reasons for that feeling of economic doom that’s going around: Worst start for the stock market in 80-plus years; Highest inflation in 40-plus years. Largest single interest rate hike in 20-plus years. Dimmest...

May 9, 2022 UK -The economy is collapsing. Yet I can’t recall a government so devoid of a plan

Source: The Guardian

Last week, the Bank of England forecast inflation exceeding 10% and predicted negligible growth for the next two years, toppling into months of recession, accompanied by the savage squeeze on living standards.

May 9, 2022 Grid operators warn of electricity shortage amid switch to renewables: Report

Source: Fox News

"I am concerned about it," MISO Chief Executive John Bear told the Wall Street Journal in a report Sunday. "As we move forward, we need to know that when you put a solar panel or a wind turbine up, it’s not the same as a thermal...

May 6, 2022 The Fed is owning the inflation problem

Source: Axios

He started the session by staring into the camera and telling the American people that inflation is too high and the Fed is determined to bring it down. Later, when asked a question about what other branches of government could...

May 6, 2022 US worker productivity fell at the fastest rate in nearly 75 years

Source: CNN

US labor productivity tumbled by 7.5% in the first quarter of 2022 – the largest decline in worker output per hour since 1947, according to Labor Department data released Thursda

May 6, 2022 Market panic ensues because of Biden and Powell’s inflation incoherence

Source: NY Post

Fed chairs have historically been inscrutable when talking in public, leaning on something called “Fedspeak.” By talking in riddles, financial markets don’t overreact to your every word.

May 5, 2022 Number of company sustainability officers triples in 2021 - study

Source: Reuters

The number of companies appointing chief sustainability officers (CSO) jumped threefold in 2021 year-on-year, a study by consultants PwC showed on Wednesday, although less than a third of all CSOs hold an executive position.

May 5, 2022 Supply chain chaos and deglobalisation means the era of cheap and plenty may be ending

Source: Economic Times

Economists are debating whether recent supply chain turmoil and geopolitical conflicts will result in a reversal or reconfiguration of global production, in which factories that were sent offshore move back to the United States...

May 5, 2022 Fed raises interest rates by half a percentage point

Source: CNN

The Federal Reserve said Wednesday it is raising interest rates by a half-percentage point to get a handle on the worst inflation America has seen in 40 years

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