Commentary Charlie Munger, believed by some to be the real “brains” behind Berkshire-Hathaway, the multinational investment leviathon helmed by Warren Buffet, recently told The Financial Times, “We have a lot of troubled office buildings, a lot of troubled shopping centres, a lot of troubled other properties. There’s a lot of agony out there” in real…
Commercial Real Estate Could Trigger the Next Big Bank Shock
May 4, 2023
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French Oil Company Sues Greenpeace Over ‘False, Misleading’ Emissions Report
May 4, 2023
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One of the world’s top five oil companies is suing Greenpeace over what it calls a false and misleading emissions report. The French oil giant, TotalEnergies, has filed a lawsuit against environmentalist group Greenpeace France and climate consulting firm Factor-X over a report accusing the company of massively underreporting its total greenhouse gas emissions in…
Australian Consumers to Avoid Milk Price Hikes in 2023
Australian consumers will not be hit by a price surge in dairy products in 2023 despite the market outlook pointing to another strong year for farmers, a new report has shown. According to the Australian Dairy Seasonal Outlook by Rabobank, a multinational financial institution specialising in food and agriculture banking, dairy prices are likely to…
Oklahoma Targets Wall Street ESG Activists
May 4, 2023
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Oklahoma became the latest state to take action against Wall Street firms that it claims are hurting companies that are essential to providing jobs and energy for the state. Oklahoma Treasurer Todd Russ announced on Wednesday that 13 financial institutions, which have been deemed to be discriminating against Oklahoma’s energy industry, will be banned from doing business with the state, losing…
Victoria’s Budget Issues Won’t Influence Myki Contract Call
The Victorian state government insists that budget constraints won’t influence how Victoria fixes its ageing tap-and-go public transport fare system. Victoria’s myki card system officially replaced Metcard tickets in 2012 and is set to expire in November. The Andrews government is considering bids for the next contract. Public Transport Minister Ben Carroll rejected suggestions that…
Fox’s Gutfeld Defends Tucker Carlson After Video Leaks Draw Backlash
May 3, 2023
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Fox’s late-night show host Greg Gutfeld has come to the defense of his former colleague Tucker Carlson after a series of leaked videos featuring Carlson’s backstage comments drew backlash from commentators. “Apparently everyone understands nonsense banter between segments except for hall monitor failures bitterly chronicling the lives of the far more successful,” Gutfeld, host of…
Ryanair Traffic Jumps 13 Percent in April to Record Third Busiest Month Ever
DUBLIN—Ryanair flew 16 million passengers in April, up 13 percent year-on-year to record its third busiest month for traffic ever, Europe’s largest airline by passenger numbers said on Wednesday. The average proportion of empty seats per flight for the period—which included the Easter holidays—fell to 6 percent. The airline also cancelled more than 650 flights,…
Airbnb Will Push Rooms as Low-Cost Option to House Rentals
DALLAS—Airbnb is making a renewed push into renting single rooms in a nod to its beginnings and a realization that renting an entire house is too expensive for many travelers, especially younger ones. The short-term rental company rolled out a new offering Wednesday that it calls Airbnb Rooms. Guests can rent a room in the…
Stock Market Today: Markets Slip After Latest Fed Rate Hike
NEW YORK—Stocks dipped Wednesday after the Federal Reserve announced its latest hike to interest rates but said it’s not sure what may come next. The S&P 500 fell 28.83, or 0.7 percent, to 4,090.75. The Dow Jones Industrial Average lost 270.29, or 0.8 percent, to 33,414.24, and the Nasdaq composite slipped 55.18, or 0.5 percent,…
United Plans to Hire 15,000, Adding to Surge in Airline Jobs
DALLAS—Airlines expecting a hectic summer travel season are planning to hire thousands of new workers this year, lifting a job market that has been hit by layoffs in technology and turmoil in the banking industry. United Airlines said Wednesday that it hired 7,000 new workers in the first four months of this year and plans…
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