The Nasdaq Composite has reported losses of nearly $1 trillion, in what constitutes the index’s worst week since early January, as legions of highly valued tech stocks see notable declines in market capitalization. Continuing the trend of several challenging months for the notable exchange, the Nasdaq closed on Thursday evening $982 billion lower than it…
Over 60 Percent of Organizations Impacted by Supply Chain Attacks in 2021: Report
Over 60 percent of organizations across the globe say they have been impacted by a software supply chain attack in the last year, according to a new survey by software supply chain management platform, Anchore. Software supply chain attacks are an emerging kind of cyberattack in which hackers target a business’s network via trusted third-party vendors, suppliers or through…
Stocks Rally, but Still Mark Their 6th Straight Losing Week
NEW YORK—Wall Street closed out another volatile week of trading with a broad rally Friday, though it wasn’t nearly enough to keep the market from its sixth straight weekly drop, the longest such streak since 2011. The S&P 500 climbed 2.4 percent. More than 90 percent of the companies in the benchmark index closed higher. The…
‘Small But Powerful’ Group Pushing SEC Climate Disclosures: Professors
May 13, 2022
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Business & EconomyChinaclimateClimate PoliciescommoditiesCompanieseconomic policieseconomyEnvironmentEnvironmental Protection AgencyInvestmentMarketsNational SecurityPolicies & ImpactsPoliticsScienceSECSpecial TopicsstocksThreat from Communist ChinaUnited NationsUSUS NewsUS-China relations
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Law and finance professors from across the country have criticized the Securities and Exchange Commission’s (SEC’s) March 21 proposal to compel climate-related disclosures by public companies, arguing that the move exceeds the SEC’s authority and reflects the outsized influence of “institutional asset managers who are managing other people’s money, not their own.” “Rather than provide…
The Silver Lining to Legacy Energy’s ‘Green Death’
Sponsored Content While the clean energy movement appears to be gaining traction across the globe, it nevertheless remains a controversial emergence. Those against the initiatives see it as a usurper of a legacy industry still at the height of its powers, a misguided investment that may end up costing more than it can yield while…
Where Have the Workers Gone?
May 13, 2022
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baby-boom generationBusiness & EconomyBusiness ColumnistsOpinionThinking About ChinaViewpointsworker shortage
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Commentary Businesses complain incessantly these days of labor shortages. Rising wage rates would seem to induce more people to seek paid employment, and they have to some extent. Still, a historical shortfall exists in the percent of the population at work or actively seeking employment, a shortfall that has limited the economy’s growth potential. Because…
Gold Set to Fall For 4th Week as Dollar Spikes
Gold prices were trading lower on Friday, all set to register the fourth consecutive week of decline amidst a rise in the U.S. dollar and the Federal Reserve raising key interest rates. Gold futures were trading in the red at $1,813 per ounce as of May 13, 14:11 UTC, at which time the U.S. dollar…
3 Implications From Elon Musk Putting Twitter Deal on Hold
Elon Musk spooked the market with his early Friday tweet that the Twitter, Inc. deal is on hold. Wedbush analyst Dan Ives says there are three scenarios at play now: The Street will view the announcement as signaling that the deal could be falling apart. Alternatively, the development could suggest Musk is looking around to…
Elon Musk Says Biden Wrong to Think He Was ‘Elected to Transform the Country’
Tesla CEO Elon Musk has weighed in on his thoughts about the 2024 Presidential election, stating that while he firmly believes former President Donald Trump should have his Twitter account reinstated, a “less divisive candidate” would be a better option. The businessman also took aim at President Joe Biden, writing on Twitter on May 13…
Fed Will Do All It Takes to Tame Inflation :Kashkari
May 13, 2022
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Business & Economyeconomic policieseconomyFederal ReserveinflationPolicies & ImpactsrecessionUSUS News
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Minneapolis Fed President Neel Kashkari said on Friday that the Federal Reserve will do all it takes to tame surging prices but that he hopes monetary policy screws won’t have to be tightened all that much, with his remarks coming amid mounting recession fears and concerns that aggressive rate hikes might tip the economy into…
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