Propagating skewed criteria, environmental, social, and governance (ESG) standards end up promoting companies with “inclusive” values and a progressive agenda rather than actual environmental or positive social impact. Recently S&P Global gave Tesla an ESG score of 37, with the electric vehicle manufacturer garnering 60 points on the “environmental” front, 34 for “governance and economic,”…
‘Why ESG Is the Devil’: How ‘Inclusive’ Companies Crush ESG Ratings
June 16, 2023
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Business & MarketsCompanieseconomic policiesenvironmental social and governance (ESG) policiesPolicies & ImpactsS & P GlobalteslaUS
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Tesco Boss Sees ‘Early Signs’ Food Inflation Starting to Ease
There are “encouraging early signs that inflation is starting to ease,” Tesco’s boss has said as the retail giant reported higher sales for the past quarter. Ken Murphy, chief executive of the UK’s largest grocery chain, suggested that rampant food inflation could have passed its peak, though he stressed that customers continue to face cost-of-living…
Bud Light Maker CEO Responds to Boycott in New Statement: ‘We Hear You’
The company that manufactures Bud Light issued a new statement to customers in light of a weeks-long boycott that has caused the beer’s sales to drop significantly after the brand issued a promotional can with a transgender activist’s face on it. In a statement released on Thursday, the CEO of Anheuser-Busch’s U.S. division, Brendan Whitworth,…
Wall Street Opens Higher as Rate Hike Worries Ebb
Wall Street’s main indexes opened higher on Friday as signs of easing price pressures and slowing economic growth raised hopes the Federal Reserve could end its monetary tightening campaign soon. The Dow Jones Industrial Average rose 55.96 points, or 0.16 percent, at the open to 34,464.02. The S&P 500 opened higher by 15.11 points, or…
High Borrowing Costs Signify a New Era of Inflation: Bankrate.com
How is the Federal Reserve’s interest rate decision impacting regular Americans? And what can you do to protect your money? NTD speaks to Sarah Foster, principal U.S. economic reporter at financial information platform Bankrate.com. …
American Citizens’ 401(k) Accounts Lost a Fifth of Their Value in 2022
June 16, 2023
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401(k) withdrawalBusiness & Marketseconomyhardship withdrawalsMarketspersonal financerecessionstocksUSUS News
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The balances of 401(k) retirement accounts have declined in 2022, with the share of participants who are making “hardship withdrawals” hitting a “new high,” according to a recent report by investment firm Vanguard. “In 2022, the average account balance for Vanguard participants was $112,572; the median balance was $27,376. Vanguard participants’ average account balances decreased…
Climate Change a Factor in Unveiling of New Roadmap for Basin Review
Sir Angus Houston, chair of the Murray Darling Basin Authority (MDBA), has unveiled a roadmap on how the authority will conduct its 2026 basin plan review (BPR). Focusing on four key themes: climate change, sustainable water limits, First Nations, and regulatory design, the BPR will be released “every 6 months or so” until the delivery…
BOJ, ECB Rate Decisions Send Yen to Fresh 15-year Low Against Euro
LONDON/SINGAPORE—The yen fell to a new 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept ultra-low interest rates and forecast that inflation will slow later this year in contrast with the European Central Bank’s (ECB) rate hike on Thursday. As widely expected, the BOJ maintained its -0.1 percent short-term interest…
Planned Parenthood Execs Among Highest Paid in Nonprofit Sector: Report
Executives working for Planned Parenthood are among the highest-paid in the United States in the not-for-profit sector, according to a new report. The American Life League’s STOPP International, a Catholic grassroots pro-life organization, published the findings in its report (pdf) titled “The STOPP International 2023 Report on Planned Parenthood CEO Compensation.” Its research was conducted in March 2023 and…
Oil Falls as Demand Concerns Offset Supply Cuts
LONDON—Oil slipped on Friday as a weaker economic outlook and the prospect of further interest rate hikes dogged sentiment, outweighing a tighter market in the second half of the year owing to higher Chinese demand and OPEC+ supply cuts. The Bank of England is set to raise interest rates by a quarter of a percentage…
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