A top congressional Democrat defended “woke” Environmental, Social, and Governance (ESG) ideology and that investors need to be “watchful and alert to opportunities and risks.” Rep. Jamie Raskin (D-Md.) blasted Republican attacks on ESG at a House Oversight Committee hearing on May 10, saying that it was needed to guide companies in their business decisions. Republicans nationwide…
Top Congressional Democrat Defends ‘Woke’ ESG Investing
May 11, 2023
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Business & MarketsCompaniescongressDemocratseconomic policieseconomyESGHouse Oversight CommitteeInvestmentJamie RaskinMarketsPolicies & ImpactsPoliticsRepublicansUSUS News
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Elon Musk Says He Has Found a New CEO for Twitter
Elon Musk announced on Thursday that he had found someone to take over as the chief executive officer (CEO) of Twitter. Musk will continue to own the social media company and will play a technical role in the platform, but someone else will lead the day-to-day management of the company. “Excited to announce that I’ve…
Trump Effect: CNN’s Primetime Ratings Skyrocket After Town Hall
Former President Donald Trump’s participation in a CNN town all on Wednesday night delivered a ratings boost for the beleaguered cable news channel’s ratings According to Mediaite, citing Nielsen data, CNN obtained 3.12 million total viewers for the 8 p.m. Trump special—far more than the network usually draws on a weeknight. Of that figure, some…
JPMorgan CEO Proposes Solution to the Ongoing Banking Crisis
Jamie Dimon, the CEO of JPMorgan Chase & Co., proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules,…
JPMorgan CEO Proposes Solution to Ongoing Banking Crisis
Jamie Dimon, the CEO of JPMorgan Chase & Co., proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules,…
Regulators Will Need to Intervene in Banking Crisis, JPMorgan CEO Says
JPMorgan Chase CEO Jamie Dimon has proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules, and more requirements,’’…
Fox News Exec Reveals One Reason Why Tucker Carlson May Have Left
A Fox News executive revealed what may have been a key reason for Tucker Carlson’s sudden departure last month: ad sales. In an interview this week with Variety magazine, Fox News Vice President for Advertising Sales Jeff Collins said that big-name corporate advertisers have returned to Fox News’ 8 p.m. ET timeslot after Carlson departed….
Pacific Western Shares Slide as Bank Reports Deposits Fall, Pledges More Assets as Collateral
Shares of Pacific Western Bank fell again on May 10 after the lender confirmed it continued to see deposit outflows of nearly 10 percent in the first week of the month. The California-based lender disclosed in a securities filing that its deposits fell around 9.5 percent during the week of May 5, with the majority of withdrawals taking…
Elon Musk Invites Don Lemon to Create Show on Twitter
May 11, 2023
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Business & MarketsCNNCompaniesDon LemonElon MuskFox NewsMedia & Big TechTucker CarlsonTwitterUSUS News
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In the wake of Tucker Carlson’s viral announcement saying he’ll be bringing his top-rated show to Twitter, the social media’s CEO, Elon Musk, called on former CNN host Don Lemon to consider doing the same. Musk, an industrialist who purchased the social media platform last year, commented Wednesday on Lemon’s weeks-old cryptic Twitter statement in…
Musk Launches Twitter’s New Encrypted Messaging, but With Big Caveat: ‘Don’t Trust It Yet’
May 11, 2023
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Business & MarketsCompaniesElon Muskencrypted messagingMedia & Big TechSocial MediaTechTech NewsTwitterUSUS News
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Elon Musk on Thursday announced the official launch of Twitter’s new encrypted direct messaging (DM) function, urging users to give it a try, but warning that the encryption feature in the early version should not be trusted. “Early version of encrypted direct messages just launched,” Musk stated in a Thursday tweet. “Try it, but don’t…
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