Category: Business

Banks’ Climate Pledges Would Downgrade Non-Woke Businesses to 2nd-Tier Economy, Experts Say

News Analysis Businesses seeking financing may soon face a flurry of requirements that will, in effect, determine whether they are “woke” enough to be approved by financial institutions for loans or investment. While the requirements are presented as goodwill toward the downtrodden and the environment, they are underpinned by an ideology with totalitarian tendencies, according…


Banks’ Climate Pledges Would Downgrade Non-Woke Businesses to 2nd-Tier Economy

New Analysis Businesses seeking financing may soon face a flurry of requirements that will, in effect, probe whether they are “woke” enough to be approved by financial institutions for loans or investment. While the requirements are presented as goodwill toward the downtrodden and the environment, they are underpinned by an ideology with totalitarian tendencies, according…


Bitcoin Slides Below $40,000 After China’s New Crypto Ban

LONDON—Bitcoin tumbled below the $40,000 mark on Wednesday to a three-and-a-half month low as selling in digital coins intensified after China banned financial and payment institutions from providing cryptocurrency services. Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk, but the news from…


Quebec Dairy Group Looks to Obtain Official Designation to Protect Poutine’s Identity

MONTREAL—A group representing Quebec’s dairy industry says it’s eyeing a special government designation for the term poutine in order to better promote it internationally. Luc Boivin, a cheese producer and member of the Conseil des Industriels laitiers du Québec, says the traditional dish of fries, cheese curds, and gravy has become a source of national…


Home Depot Guarded on Future Demand After Bumper First-Quarter Sales

Home Depot on Tuesday cautioned it was difficult to predict how its business would be impacted by a potential change in shopping habits in the coming months as the reopening of the U.S. economy threatens to slow a pandemic-fueled sales boom. The lack of a solid forecast from the top U.S. home improvement retailer, which…


Walmart Earnings Beat Expectation, Raises Outlook

NEW YORK—Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers splurged on clothing, as well as lawn and garden items. Sales at stores opened at least a year rose 6 percent, slowing from the 8.6 percent increase during the fiscal fourth quarter. But it topped…


Walmart Raises Outlook After Earnings Beat Expectations

NEW YORK—Walmart raised its annual earnings forecast on Tuesday after delivering better-than-expected results in the first quarter that showed shoppers splurged on clothing, as well as lawn and garden items. Sales at stores opened at least a year rose 6 percent, slowing from the 8.6 percent increase during the fiscal fourth quarter. But it topped…


Taiwan Sees Limited COVID-19 Impact on Economy, Chip Sector

TAIPEI—Taiwan sees a limited impact on its economy and its key semiconductor industry from its COVID-19 outbreak and is well prepared to ensure chip fabs can operate as normal, officials said on Tuesday. Tech-heavyweight Taiwan is experiencing an unusual spike in domestic cases after months of keeping the pandemic well under control, and has closed…


More Than Any Amount of Money

Dear Dave, My husband and I are both 29, and we have good jobs that allow us to bring home $100,000 a year combined. Recently, we began talking about starting a family. We live on a budget, but we still have about $15,000 in credit card debt and student loans we’re working hard to pay…


Illinois Jeep Cherokee Factory to Cut Over 1,600 Jobs Amid Global Chip Shortage

A Jeep Cherokee factory in Northern Illinois is cutting more than 1,600 jobs as multiple auto manufacturers are experiencing shortages in microchips.