Tag: Investment

‘Get Thee Behind Me, ESG’: Biblical Investors Disavow ESG

September 2, 2022
biblicalBusiness & MarketsCompanieseconomic policieseconomyenergyESGinspireInvestmentMarketspersonal financePoliticsRepublicansshareholder capitalismSocial IssuesstocksUSUS News
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The embattled environmental, social, and governance (ESG) movement has another new foe: Inspire Investing, a Christian financial firm that renounced the term in an Aug. 18 blog post from CEO Robert Netzly. “The hard left wants to say that ESG can only mean their view, in typical cultural Marxist fashion,” Netzly told The Epoch Times…

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Bank of America to Give Away Zero-Down-Payment Mortgages for Minority Homebuyers

September 2, 2022
Bank of AmericaBusiness & MarketsCompanieseconomyhome buyerInvestmentMarketsminoritiespersonal financereal estateUSUS Real Estate
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Bank of America (BoA) announced a new trial program that will offer first-time minority homebuyers mortgages that will not require down payments, closing cost mortgages, or minimum credit score checks, it said in a statement on Aug. 30. Minority activist groups have called these long-standing criterions obstacles to minority homeownership. The bank has yet to disclose…

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Bed Bath & Beyond to Close 150 Stores, While Laying Off 20 Percent of Its Employees

August 31, 2022
bankruptcyBed Bath & BeyondBusiness & MarketsCompanieseconomyInvestmentLay OffsUS
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The home supply retail giant Bed Bath & Beyond is on the verge of bankruptcy and collapse, as it announces the closure of more of its stores, massive layoffs, and more stock offerings. The retailer announced on Aug. 31, as part of a “strategic update,” that it will lay off approximately 20 percent of its…

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Kyle Bass: Pull Your Money Out of China

August 30, 2022
Business & MarketsChinaeconomyInvestmentMarketsmilitarySpecial TopicsTaiwanThreat from Communist ChinaUSUS-China relations
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Anybody holding an investment in China should withdraw it or face the risk of losing the money altogether, warned hedge funder Kyle Bass. Not only is the Chinese economy in a precarious position, but if its increasingly aggressive stance toward Taiwan spills into a military conflict, the country could quickly become dislocated from dollar-denominated financial…

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Blackstone-Owned Landlord to Cease Buying Homes in 38 Cities as US Housing Market Slows

August 29, 2022
blackstoneBusiness & MarketsCompanieseconomyhousing marketInvestmentlandlordMarketsreal estateUSUS NewsUS Real Estate
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A single-family landlord firm owned by the private investment company, Blackstone, will end it purchases of homes in 38 American cities, as the U.S. housing market begins to slow down dramatically. The residential property company, Home Partners of America, (HPA) was acquired by Blackstone in June 2021 for $6 billion at the height of the COVID-19 pandemic housing…

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Honda and LG Announce Plan to Invest $4.4 Billion in US Electric Vehicle Battery Plant

August 29, 2022
Asia & PacificBusiness & MarketsCompanieseconomic policieseconomyelectric vehicleenergyEV batteriesHonda MotorInvestmentLG ElectronicsUSWorld
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Japanese automaker Honda Motor Co. Ltd. and South Korean battery producer LG Energy Solution announced on Aug. 29 that the companies will invest in a new lithium-ion battery plant for electric vehicles (EVs) in the United States. The two East Asian companies are expected to shortly sign a joint venture agreement before proceeding with the…

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Honda and LG Announce Plan to Invest $4.4 Billion in U.S. Electric Vehicle Battery Plant

August 29, 2022
Asia & PacificBusiness & MarketsCompanieseconomic policieseconomyelectric vehicleenergyEV batteriesHonda MotorInvestmentLG ElectronicsUSWorld
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Japanese automaker Honda Motor Co. Ltd. and South Korean battery producer LG Energy Solution announced on Aug. 29 that the companies will invest in a new lithium-ion battery plant for electric vehicles (EVs) in the United States. The two East Asian companies are expected to shortly sign a joint venture agreement before proceeding with the…

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At 90, Civil Rights Leader Andrew Young Shares the Secrets of Building A Better Society

August 29, 2022
Andrew YoungAtlanta mayorBusiness & Marketscivil rights activistDemocratsDr. Martin Luther King Jr.InvestmentPoliticsRepublicansSocial IssuesUN AmbassadorUSUS News
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Having just turned 90, a milestone marked with the release of a biography, Andrew Young has a few lessons for young people inspired by his legacy. One boils down to “Capitalism, baby.” Another is, “You have no idea what hard times are.” A third might be, “You can work with Republicans. I do.” At a…

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With Money Rates Down, ‘Something’ Is Up

August 29, 2022
Business & MarketsBusiness ColumnistseconomyinflationInvestmentLIBORmoneymoney ratesOpinionrecessionrepo ratesSOFRT-billsViewpoints
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Commentary We have all been taught to associate low money rates with stimulus, and especially high money rates with trouble. And that can be true under certain circumstances. This theoretical world of easy interpretation doesn’t exist outside of the media or central bank econometric models. History—even recent history—at the very least cautions for a more…

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Elon Musk Says the World Needs Oil and Gas or ‘Civilization Will Crumble’

August 29, 2022
Business & MarketsCompanieseconomic policieseconomyElon MuskenergyEuropeGasInternationalInvestmentOilUSUS NewsWorld
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Tech entrepreneur Elon Musk told reporters in Norway on Aug. 29 that, while sustainable energy sources should be developed, the world must continue to extract oil and gas in order to sustain civilization. Musk made the remarks to reporters ahead of the Offshore Northern Shore (ONS) conference in Stavanger, Norway, where Musk is scheduled to speak….

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