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September 14, 2021 Biden tax hikes bigger threat to stock market than slowing economy: Goldman Sachs
The firm estimates that raising the domestic statutory tax rate to 25% and passage of about half of the proposed increase on tax rates to foreign income will lower S&P 500 earnings by 5%. Goldman’s 2022 S&P 500 earnings forecast...
September 14, 2021 American households continue to expect rising inflation: NY Fed surveySource: Yahoo Finance
A new survey from the Federal Reserve Bank of New York noted that American households are continuing to ratchet up expectations for the pace of price increases over the next year.
September 14, 2021 Oil Prices Climb On Shocking OPEC ReportSource: Oil Price.com
The surge of the Delta variant around the globe is set to partially delay oil demand recovery into the next year when robust economic growth and stronger recovery in fuel consumption will see global oil demand averaging 100.8...
September 14, 2021 Sustainability Is More Than Just a Box to CheckSource: Commercial Observer
Environmentally conscious practices have become increasingly prominent, affecting a range of personal and professional choices, from the goods we purchase and the brands we support, to the food we eat and the ways we get around.
September 13, 2021 Pitfalls of green finance: why credentials of some sustainability-linked bonds don't stand up to closer scrutinySource: Yahoo Finance
The desirability of sustainability-linked bonds (SLB), a nascent but fast-growing finance tool, is blighted by terms that limit the financial penalty for issuers missing their green targets despite rising interest in the...
September 13, 2021 Delta variant: Unvaccinated and vaccinated people 'are not in the same ballpark' of risk, doctor explainsSource: Yahoo
According to an analysis of 38 states and D.C. by the New York Times, unvaccinated Americans in those states were five times more likely than vaccinated Americans to be hospitalized with COVID-19 and eight times more likely to die
September 13, 2021 Is gold dead? Bitcoin price to hit levels we 'cannot imagine'- Ronald-Peter StoeferleSource: Kitco
Global financial markets have reached a "monetary tipping point", according to Ronald-Peter Stoeferle, managing partner of Incrementum AG. After this tipping point, inflation will continue to climb up, real interest rates will...
September 13, 2021 Honda and Toyota criticize Democrats’ proposed tax credit for union-made electric vehiclesSource: The Verge
Under the proposal, US union-made electric vehicles would qualify for a tax credit of $12,500 per vehicle, while keeping a credit for most other EVs at $7,500. The proposal would significantly favor Big Three US automakers GM,...
September 10, 2021 Biden announces new vaccine mandates that could cover 100 million AmericansSource: CNN
President Joe Biden on Thursday imposed stringent new vaccine rules on federal workers, large employers and health care staff in a sweeping attempt to contain the latest surge of Covid-19. The new requirements could apply to as...
September 10, 2021 ‘Win their hearts and minds’: Nestle CEO on plans to address young consumers’ sustainability concernsSource: CNBC
The CEO of consumer goods giant Nestle told CNBC Thursday that sustainability concerns among its younger customers were “off the charts” and a major influence on purchasing decisions.
FDA has ordered 5 million e-cigarette products off the market, it said Thursday — an announcement timed to a court-ordered deadline that will determine the future of the vaping industry
September 10, 2021 Bitcoin Could Eventually Collapse, Swedish Central Banker WarnsSource: Investing.com
The governor of Sweden’s central bank compared buying and selling Bitcoins to trading stamps, questioning the staying power of currencies without government backing.“Private money usually collapses sooner or later,” Riksbank...
September 9, 2021 Can We Afford Sustainable Business?Source: MIT Sloan
In mission statements and strategic plans, many companies are making commitments to improving sustainability and reducing inequity — but when it comes to meeting those goals, they are tripped up by the financial implications
September 9, 2021 Op-ed: Investors need to keep perspective as they deal with inflationSource: CNBC
Recent upticks in inflation have renewed interest from investors in assets that may help preserve the real (inflation-adjusted) value and purchasing power of their portfolio.
September 9, 2021 US economic growth slowed this summer as delta variant hampered demand, Fed's Beige Books saysSource: Fox Business
U.S. economic growth slowed over the summer as a surge in COVID-19 cases driven by the highly contagious delta variant forced consumers to pull back on spending, according to a new Federal Reserve report.
September 9, 2021 21st-Century Storms Are Overwhelming 20th-Century CitiesSource: Wired
The remains of Hurricane Ida, which had thrashed the Gulf Coast earlier in the week, brought floods to the Northeast. Across the region, the death toll reached 40 by Thursday evening. Subway delays and suspensions continue.
September 8, 2021 How the Tourism Industry Can Help Fight the Plastic PandemicSource: Sustainable Brands
When COVID hit in 2020, tourism frantically tried to carry on, with hygiene at the crux — often by wrapping everything in plastic. As travel struggles to regain its footing, responsibility and sustainability must once again be...
Source: CNN Business
Exports spiked 25.6% in August from a year ago to $294.3 billion, according to customs statistics published Tuesday. Imports jumped 33.1% over the same period to $236 billion. Both figures were the highest on record.
September 8, 2021 A Climate Solution Lies Deep Under the Ocean—But Accessing It Could Have Huge Environmental CostsSource: Time
Scattered three miles deep along the floor of the central Pacific are trillions of black, misshapen nuggets that may just be the solution to an impending energy crisis. Similar in size and appearance to partially burned charcoal...
September 7, 2021 There’s no such thing as sustainable fashionSource: Fast Company
A new report from the environmental advocacy organization Stand.earth reveals how 47 of the largest fashion companies are actively accelerating climate change by emitting greenhouse gases throughout their supply chains. Not a...
September 7, 2021 Sustainable scotch: Hebridean distillery aims for net zero whiskySource: The Guardian
Bruichladdich hopes to pioneer the use of an innovative type of green hydrogen production using green electricity and water electrolysis, unlike the conventional method, which uses natural gas and creates CO2 in the process.
September 7, 2021 Sustainable investing faces the beginnings of a backlashSource: The Economist (registration)
Since time immemorial the investment industry has sought to turn money into more money. This is not a simple trick to pull off—hence the rewards proffered to those who do it well.
September 7, 2021 If you feel that the world's environment is doomed after the raging summer of hurricanes, floods, and wildfires, you could be suffering from 'eco-anxiety'Source: Yahoo
A recent survey published by Yale University found that more than 40% of Americans felt "helpless" about the state of the planet. And according to a 2020 poll by the APA, more than half of Americans said they were somewhat or...
September 2, 2021 Crypto is too big to exist outside of public policies, warns SEC chairSource: Coin Telegraph
Crypto assets will not last long outside of a public policy framework because “finance is about trust,” warns Gary Gensler, the chair of the United States Securities and Exchange Commission.
September 2, 2021 Millions Will Lose Unemployment Benefits. That Doesn't Mean They'll Return To WorkSource: NPR
Unemployed people in states that cut benefits early were only slightly more likely to find jobs than those in states that kept paying.
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