Tag: Environmental/Social/Governance
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Opinion: AI has given a big boost to stock of this lesser-known Silicon Valley computer maker
[ad_1] Right off one of the main freeways in Silicon Valley is a cluster of non-descript, off-white buildings, some hidden by trees, with the name SuperMicro on the front. The computer maker, officially known as Super Micro Computer Inc. SMCI, -4.59%, has a fairly large — if spread out — corporate campus, on different streets…
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Activist investor Elliott Management reportedly seeks to oust NRG Energy’s CEO
[ad_1] Activist investor Elliott Investment Management is seeking to oust NRG Energy Inc.’s chief executive, the Wall Street Journal reported late Wednesday. The move comes about a month after Elliott disclosed a $1 billion stake in the power company. According to the Journal, Elliott is talking with potential candidates to replace Chief Executive Mauricio Gutierrez and other top…
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Americans gave less to charity in 2022, pressured by inflation and a down market
[ad_1] After years of record-setting generosity, charitable giving declined in 2022 — marking only the fourth year-over-year decrease since 1982. With inflation and a down stock market squeezing wallets, total charitable giving fell to $499.33 billion in 2022, down 3.4% in current dollars from 2021, or 10.5% after adjusting for inflation. That’s according to Giving…
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Executives are talking less about their environmental and social-justice goals — and more about AI
[ad_1] With AI among the few things to truly captivate investors this year, more executives, from those at Nvidia Corp. to Walmart Inc. WMT, +0.60% to Stitch Fix Inc. SFIX, -8.57%, are talking up ways to harness the technology. One abbreviation they’re mentioning less? ESG. ESG — or environmental, social and governance investing standards —…
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Bill Ackman resurrects billionaire feud, saying Carl Icahn needs a friend
[ad_1] “‘Icahn’s favorite Wall Street saying: “If you want a friend, get a dog.” Over his storied career, Icahn has made many enemies. I don’t know that he has any real friends. He could use one here.’” — Bill Ackman, founder and CEO, Pershing Square Capital Management That was billionaire hedge fund manager Bill Ackman,…
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Yelp shares rally on report activist investor wants sale, while PacWest stock climbs for second day
[ad_1] Here are some of the biggest movers of the day: Stock gainers: Yelp Inc. shares YELP surged about 14% in premarket trade after the Wall Street Journal reported an activist investor is calling on the company to consider selling to boost its value. Tegna Inc.’s stock TGNA rose 2% after the TV-station operator announced a $300…
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Opinion: More banks could fail like SVB did because the system favors the biggest players
[ad_1] “ To stay in business, these banks did the only thing they could. ” In the wake of the failures of Silicon Valley Bank, Signature Bank and Republic National Bank, a common misconception is that these banks failed because they grew too quickly. On Tuesday, former Silicon Valley Bank CEO Greg Becker testified in a…
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Shake Shack faces proxy fight from activist investor: report
[ad_1] Burger chain Shake Shack inc. is reportedly facing a proxy fight from an activist investor seeking changes to boost the company’s stock price. The Wall Street Journal reported Sunday that Engaged Capital, which has a roughly 6.6% stake in Shake Shack SHAK, -1.93%, is seeking three board seats and is planning to run a…
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Tinder owner Match exits Russia: ‘We are committed to protecting human rights’
[ad_1] Tinder parent company Match Group Inc. announced Tuesday that its brands are exiting Russia, citing human rights concerns. “We are committed to protecting human rights,” Match MTCH said in the company’s annual impact report. “Our brands are taking steps to restrict access to their services in Russia and will complete their withdrawal from the…
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U.S. billionaires have grown nearly one-third richer during the pandemic while a ‘permanent underclass’ struggles and big banks report losses on the mortgage side of the business
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. ‘Real estate is tangible. It enjoys a host of tax benefits’: Yes, investors can still make money in a cooling housing market ‘We’re definitely bullish on multifamily both in the short term and the long term,’ DiversyFund’s Alan Lewis said. Read More The sharp rise in mortgage…