Business

Dow Jones Futures: Why This Market Rally Is So Dangerous; Tesla Nears Bear Lows On This Move

Dow Jones futures rose modestly early Thursday, along with S&P 500 futures and Nasdaq futures. The stock market rally had a flat-to-lower session Wednesday. X The Nasdaq led declines as apple (AAPL), Google parent Alphabet (GOOGL) and Tesla stock extended big weekly losses. Apple and Google stock broke below some support levels while Tesla (TSLA) …

Dow Jones Futures: Why This Market Rally Is So Dangerous; Tesla Nears Bear Lows On This Move Read More »

The GameStop turnaround promise is failing

GameStop Chairman Ryan Cohen and CEO Matt Furlong promised to turn the gaming retailer into one of operational excellence and amazing store experiences while cashing in on new opportunities like crypto and NFTs. More than a year into their collective and rather secretive leadership, the entire experiment is beginning to look like an utter failure …

The GameStop turnaround promise is failing Read More »

Google must remove ‘manifestly inaccurate’ data, EU top court says

LUXEMBOURG, Dec 8 (Reuters) – Alphabet unit Google (GOOGL.O) must remove data from online search results if users can prove it is inaccurate, Europe’s top court said on Thursday. Free speech advocates and supporters of privacy rights have clashed in recent years over people’s “right to be forgotten” online, meaning that they should be able …

Google must remove ‘manifestly inaccurate’ data, EU top court says Read More »

BlackRock CEO Larry Fink pushed to exit over ESG ‘hypocrisy’

A small activist fund fired a slingshot at goliath investment firm BlackRock, calling for the ouster of CEO Larry Fink for his “hypocrisy” in pushing a “woke” political agenda. Bluebell Capital — a London-based firm with just $250 million in assets under management, compared to the roughly $8 trillion BlackRock oversees — accused Fink of …

BlackRock CEO Larry Fink pushed to exit over ESG ‘hypocrisy’ Read More »

World’s biggest mutual fund manager quits Net Zero effort | Business and Economy News

Top investors including Vanguard, face pressure from Republican US politicians over use of ESG factors in investments. Vanguard Group Inc is pulling out of a leading investment-industry initiative on tackling climate change, the world’s biggest mutual fund manager has said, explaining it wants to demonstrate independence and clarify its views for investors. Top investors, including …

World’s biggest mutual fund manager quits Net Zero effort | Business and Economy News Read More »

California offshore wind auction surpasses $757 million in bids

Offshore wind farm. davee hughes uk | Moment | GettyImages The Biden administration on Wednesday announced more than $757 million in winning bids for its auction of offshore wind development rights in California, marking the third offshore wind lease sale this year and the first ever for the Pacific region. The sale is a major …

California offshore wind auction surpasses $757 million in bids Read More »

Rich Chinese keep spending while others cut back: McKinsey survey

Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022. Future Publishing | Future Publishing | GettyImages BEIJING — Wealthier Chinese were more inclined to spend this year, while poorer people cut back on spending even more, McKinsey and Company found in a survey released Thursday. The …

Rich Chinese keep spending while others cut back: McKinsey survey Read More »