President Joe Biden has pledged to veto another change to the rules that dictate how much retirement-fund managers, including for 401(k)s and pensions, consider climate change, corporate board diversi...
Tag: Environmental/Social/Governance
Tesla’s stock falls 5% as Elon Musk’s ‘Master Plan 3’ is short on details about both cars and finances
Tesla Inc. shares tanked more than 5% in the extended session Wednesday after the electric-vehicle maker teased a “next generation” electric-vehicle platform but stopped short of unveiling details. At...
The Market Loved Disney’s Cost Cuts. The ESG Crowd, Not So Much.
Like many companies, Walt Disney does its best to avoid controversy. But in winning over investors this past week, with plans to cut costs and reinstate its dividend, Disney may have irked investors w...
Nordstrom stock pulls back after rocketing on reported Ryan Cohen stake
Nordstrom Inc.’s stock pulled back before Monday after surging last week following a report that activist investor Ryan Cohen is taking a large stake in the retailer. The company’s stock, which ended ...
The Pitfalls of Investing in China
To the Editor:Given that the political winds can change at any minute and the Communist Party can essentially dictate to a company how it needs to manage its business (Alibaba Group Holding is an exam...
Tech layoffs may be continuing, but these skills are still in high demand
Tech titans including Google parent Alphabet, Microsoft, Meta META, +2.79%, IBM IBM, +0.27% and Amazon AMZN, +1.96% have announced thousands of job cuts in recent months, as the sector attempts to mee...
Small Oil Producer Stands to Win Big From Biden’s Climate Bill
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Amarin and ViewRay Stock See Action From Activist Investors
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequen...
A Davos First-Timer on What 4 CEOs Told Barron’s
Top of mind for leaders attending the World Economic Forum’s yearly conference in Davos, Switzerland, this past week was finding stability in a challenging environment. I don’t mean financially: It’s ...
Oprah Winfrey, now worth an estimated $2.5 billion, says you should spend your money like this — and for some of you, it’s also a simple, but smart, trick to save more
Oprah stresses the importance of spending and investing your money on/in what you truly believe in. Amy Sussman/Getty Images With an estimated net worth of $2.5 billion dollars, Oprah is one of the ri...
Blackstone REIT Offers Sweet Deal on $4 Billion Cash Infusion
Blackstone ‘s big retail real estate fund received a $4 billion investment from the Regents of the University of California, the company said Tuesday. The infusion by UC Investments amounts to an impo...
Freshpet and Peabody Energy Stock See Action From Activist Investors
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequen...
Avaya Veers Toward Bankruptcy Filing
Avaya Holdings Corp. is nearing a chapter 11 bankruptcy filing to restructure its balance sheet as it looks to turn around its business and move past problems surrounding the company’s accounting, peo...
IRobot and Acrivon Stock See Action From Activist Investors
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequen...
A Rule Change Frees Retirement Plans to Offer ESG Funds—For Now
Retirement savers may soon get greater access to environmental, social, and governance funds. The Department of Labor finalized a regulation this past week that permits retirement plans to consider cl...
Lions Gate Entertainment and New Relic Stock See Action From Activist Investors
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequen...
Evans Bancorp and Envestment Stock See Action From Activist Investors
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequen...
Tricolor Auto: In the Blind Spot
To the Editor: Kudos on your incisive article concerning Tricolor Auto Group, supported by BlackRock’s “$90 million stake in the private company” (“A Used-Car Dealer Raised Millions From ESG Investors...
Macau Under Spotlight Amid U.S. Inspections of China-Based Audits
A recent agreement between Washington and China allowing U.S. accounting regulators to inspect China-based audits is raising questions about the role of unregistered auditors in the Chinese gambling e...
What Role Can Consumer Products Branding Play In The Kind Of World We Are Passing Along To Younger Generations?
Generational transfer responsibility getty Last week (October 17-20) the Sustainable Brands 2022 San Diego conference was held in Carlsbad, California. There were several hundred in-person attendees a...
BlackRock Wants to Set ‘the Record Straight’ on ESG Investing
BlackRock , caught in the crosshairs of an increasingly politicized campaign against environmentally minded investing, is issuing a public rebuttal to accusations that it boycotts the fossil fuel indu...
Carl Icahn, Others Clean Up on Musk’s Twitter About-Face
Elon Musk’s decision to end his war with Twitter isn’t just a big win for the social-media company, but also for some big-name investors like Carl Icahn. Mr. Icahn quietly amassed a Twitter stake of w...
What if Musk loses the Twitter case but defies the court?
Twitter TWTR, -2.97% wants a Delaware court to order Elon Musk to buy the social media service for $44 billion, as he promised back in April. But what if a judge makes that ruling and Musk balks? The ...
Audits of Chinese Companies Start to Face U.S. Inspections
Updated Sept. 22, 2022 3:45 pm ET Listen to article (2 minutes) U.S. regulators have started inspecting China-based audits, kicking off a monthslong process that will determine whether companies from ...
IRobot and Tabula Rasa Stock See Action From Activist Investors
Text size These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities....
Hill International and Rapid Micro Biosystems Stock See Action From Activist Investors
Text size These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities....
Alibaba and JD.com Stocks Are Rising. Let the U.S. Audits Begin.
Text size Investors in Alibaba and other U.S.-listed Chinese stocks crave regulatory clarity. Greg Baker/AFP via Getty Images Shares of Alibaba and JD.com were rising Wednesday following a report that...
Tether Says Audit Is Still Months Away as Crypto Market Falters
This year’s slump in digital assets is pressuring crypto companies to show investors that their money is safe. So far, they haven’t delivered. Many crypto companies lack the basic financial guardrails...
China’s GigaCloud Goes Public in U.S., Bucking Delisting Trend
E-commerce company GigaCloud Technology made its debut on the Nasdaq Stock Market on Thursday, a rare instance of an initial public offering by a Chinese company in the U.S. as the two countries head ...
Former California congressman T.J Cox arrested, charged with fraud
FRESNO, Calif. — A former U.S. Congressman from central California was arrested Tuesday by federal agents on wire fraud, money laundering, and campaign contribution fraud charges stemming from “multip...
Rivian Says Senate Climate Deal Puts It at Disadvantage
Electric-vehicle startup Rivian Automotive Inc. is warning that planned revisions to the EV tax credit would put the young car maker at a disadvantage to more-established competitors. The proposed cha...
Rich millennials say this is the best long-term investment
Millionaire millennials haven’t been deterred by this year’s collapse in cryptocurrencies and “nonfungible tokens” and still see them as the No. 1 way to build long-term wealth, a new study finds. Tho...