The Securities Industry and Financial Markets Association (SIFMA) and the State of Missouri are currently embroiled in a legal battle over the state’s innovative environmental, social, and governance (ESG) investment regulation. The lawsuit revolves around laws that require advisors and broker-dealers to obtain consent from customers before engaging in investment activities based on social or
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Boeing CEO Dave Calhoun is set to testify before a Senate panel regarding the company’s safety and manufacturing crises following an incident where a door panel blew out of a nearly new 737 Max 9 jet in January. This testimony comes as Boeing continues to address employee training, aircraft quality, and its tarnished safety reputation.
The recent resurgence of GameStop in the stock market spotlight has brought about renewed criticism from investment legend Warren Buffett. During the first GameStop mania in 2021, Buffett denounced the speculative behavior that seemed to engulf retail investors. He likened the stock market to a gambling parlor, fueled by the encouragement of investment banks and
As sea levels continue to rise and the frequency of storms increases, coastal real estate is facing unprecedented challenges. From California to New York, some of the most expensive coastal properties are at risk due to the effects of climate change. This year’s hurricane season is predicted to be particularly active, with the National Oceanic
House Republicans recently accused the California Public Employees’ Retirement System (CalPERS) of being part of a “climate cartel” that colludes with other investors to push companies to reduce their carbon footprint. The Republicans alleged that institutional investors like CalPERS, Blackrock, Vanguard, and State Street Global Advisors violated antitrust laws by working together to fight climate
The recent bankruptcy of Synapse, a fintech middleman, has revealed a significant issue in the sector. A court-appointed trustee has reported an $85 million shortfall between what depositors are owed and what partner banks are holding. This revelation has sent shockwaves through the fintech industry, causing concern among customers and stakeholders alike. The missing funds
The recent victory of Claudia Sheinbaum’s Morena party in Mexico’s presidential election had a significant impact on the country’s financial markets. The peso tumbled by as much as 4.1% against the dollar, leading to concerns among investors and analysts. The ruling party’s unexpectedly strong showing raised fears of constitutional changes that could potentially weaken checks
Nayib Bukele has embarked on his second term as President of El Salvador with a bold vision for the country’s economic future. Building on the groundbreaking move to adopt Bitcoin as legal tender in September 2021, Bukele and his advisor Max Keiser have outlined ambitious plans to further integrate cryptocurrency into the nation’s financial system.
Investors have been riding high on the semiconductor sector in recent years, enjoying substantial returns on their investments. However, there are signs that a downturn may be on the horizon. With Nvidia (NVDA) showing signs of potential profit-taking after its post-earnings surge, it might be time for investors to consider hedging against further downside in
The U.S. Department of Justice, along with 30 states, has filed a lawsuit against Live Nation, the parent company of Ticketmaster, for alleged antitrust violations. The lawsuit alleges that Live Nation maintains a monopoly in the ticketing industry, which is said to harm fans, artists, smaller promoters, and venue operators. Attorney General Merrick Garland stated