The American Sustainable Business Council recently filed a lawsuit in federal court in Austin, Texas, challenging the constitutionality of a 2021 state law aimed at penalizing banks and financial firms for their stance on the fossil fuel industry. The lawsuit argues that this law infringes upon the free speech and association rights guaranteed under the
Legal
In a surprising move, Ford Motor recently announced that it will be reevaluating its diversity, equity, and inclusion (DEI) initiatives. This decision comes as part of the company’s efforts to adapt to the changing external and legal environment related to political and social issues. Ford’s decision to reassess its DEI policies has sparked a debate
The recent arrest of Pavel Durov, the entrepreneur behind Telegram, has sent shockwaves through the cryptocurrency community. Durov was arrested on Saturday night at Le Bourget airport on various charges, including terrorism, drugs, complicity, fraud, and money laundering. If convicted, he could face up to 20 years in prison. The news of his arrest has
The future of Paramount Global remains uncertain as a special committee has announced an extension of the “go shop” period in light of a competing offer from Edgar Bronfman Jr. Initially, Bronfman offered $4.3 billion for Shari Redstone’s National Amusements, the controlling shareholder of Paramount. However, this bid was quickly increased to $6 billion, overshadowing
Colorado Governor Jared Polis recently announced a special legislative session for Aug. 26 in response to proposed ballot initiatives that could potentially impact public financing, education, and local government funding in the state. This move was made in an attempt to prevent the negative consequences of these initiatives and address the concerns raised by various
Tech companies are now turning to nuclear plants to directly power data centers, driven by the need for clean energy to fuel artificial intelligence. This move has raised concerns among some utilities regarding the potential strain on the electric grid. With the growing power requirements of data centers, which can reach up to a gigawatt,
Bitcoin experienced a significant jump in price on Friday, in line with the overall positive sentiment in the market driven by a rebound in broader risk assets. The price of Bitcoin rose by more than 4% to $60,588.0, although it did pare back some gains from its peak of $61,712.3. This increase comes after a
Delta Air Lines recently reported that the CrowdStrike outage in the previous month resulted in a financial loss of approximately $550 million. The airline stated that this cost includes a $380 million revenue decline in the current quarter due to refunding customers for cancelled flights and providing compensation in cash and SkyMiles. Additionally, Delta incurred
Mexico’s ruling party, Morena, is currently in discussions regarding changes to a proposed judicial reform. The original proposal put forth by outgoing President Andres Manuel Lopez Obrador raised concerns among investors as it introduced the idea of electing nearly 1,600 judges, including those for the Supreme Court, through popular vote. This move sparked fears of
Delta Air Lines CEO, Ed Bastian, recently took steps to express gratitude towards his employees following the significant disruptions caused by a botched CrowdStrike software update that impacted thousands of customers and crew members. These disruptions led to the cancellation of more than 5,000 flights between July 19 and July 24, costing the company approximately