New York based hedge fund, Third Point Management, has called out oil and gas companies for their strategies on "going green." Brooke Masters reports on Third Point's criticisms in the Financial Times, writing: Shell, TotalEnergies and BP have all been touting more or less aggressive versions of this strategy for a while. Similar lines have also started to appear at ExxonMobil and Chevron amid pressure from climate activists. Now Third Point is calling them out. Last week, the activist hedge fund run by Dan Loeb took aim at Shell, arguing that it should break itself up into a legacy oil … [Read more...]
GAME ON! Lessons from Street Hockey on Baker Lane
When I was a kid, I grew up on a dead-end lane, Baker Lane, but it wasn’t as bad as it sounds. The street hockey games were epic. I remember playing with the bigger kids when they’d have games at one end of the Lane or with my friends at the other end in front of my house. It’d get heated at times, especially when the bigger kids would get into wrestling fights after a play rolling around in a neighbor’s front yard. A little scary to see when you’re little. Why am I writing this to you? Well, I read an article yesterday about how millennials are taking the task of investing into their own … [Read more...]
30-YEAR HIGH: Inflation Hammers American Family Budgets
American families need no reminder that prices are going up, fast. They can see it every time they go to the grocery store, pump gas, pay the rent, or see the doctor. The latest measure of consumer price inflation has just been released, and it came in at a three-decade high of 6.2%. The speed of price increases being felt by Americans under the Biden administration is hurting families. The Wall Street Journal reports: Federal Reserve officials are closely watching inflation measures to gauge whether the recent jump in prices will be temporary or lasting. One such factor is consumer … [Read more...]
IT’S REAL: No One Is Calling Inflation Transitory Anymore
Consumer prices are rising faster than they have for 30 years. The Bureau of Labor Statistics measure of CPI increased by 6.2% in October. All the descriptions of inflation as "transitory" seem to have disappeared in financial media. Colby Smith reports at Financial Times: US consumer prices jumped in October at the fastest pace in three decades, as bottlenecks and other supply chain disruptions intensified and inflationary pressures spread further throughout the economy. The consumer price index published by the Bureau of Labor Statistics on Wednesday rose 6.2 per cent in October from a … [Read more...]
The 10 Worst States for Taxpayers if Build Back Better Passes
Just how much of each dollar you earn should the government be allowed to take from you? The modern income tax signed by Woodrow Wilson had the highest income-earners paying a statutory 7% on the income they earned over $500,000. At the time, some states did collect income taxes as well, but nothing like today. If Joe Biden's Build Back Better bill passes, high-income earners will be leveled with high tax rates on income. At the federal level alone over half, 51.4%, of every dollar earned by high-income earners will be redistributed by the government via income taxation alone. If you live … [Read more...]
Monetary Arsonists Warn of Looming Financial Fire
The Guardian points this morning to the Federal Reserve's nervous concern about the rise of risky assets, and, refreshingly, makes the point that the Fed's own policies have contributed to risky market behavior, writing: The surge in risky asset prices this year has made them increasingly susceptible to a tumble if economic growth takes a turn for the worse, the pandemic escalates, or investors lose confidence. That’s the message from the US Federal Reserve, which is also concerned about the rise of stablecoins which underpin the cryptocurrency market. In its latest financial stability … [Read more...]
Your Retirement Life: Come Monday You Went to Work
Happy Monday. Who’s got your back in times like these when everyone’s making money, money, money? Let’s not forget when the music stops, not everyone’s going to have a chair. Like a broken record, there are always more investors than you’d expect who will be pushed to the floor. Happens every time. “It won’t happen to me,” is a common refrain. When I think about how hard most of you have worked to create what you have, I know come Monday, you got up and went to work. And the next week, same thing. Rinse, wash, repeat. That’s a lot of years and a lot of hours. Imagine having to do that all … [Read more...]
HIRING: Anyone with a Pulse, and a COVID-19 Vaccination
It seems all you need to get hired in America today is a pulse, and a COVID-19 vaccination. Employers are lowering most traditional standards for new employees, like background checks and education or experience requirements. Meanwhile, employers are being forced to limit the pool of employees they can hire to the vaccinated. Lauren Weber and Chip Cutter report in The Wall Street Journal: Loosening requirements opens opportunities to some of the nearly two-thirds of American adults who don’t have bachelor’s degrees but may have the skills or aptitude to perform many well-paying jobs. The … [Read more...]
HIGHER FEES: The Big Players Are Pushing ESG Investing
Happy Friday. What a week. Can’t help but feel excited for America because, as one client puts it, “Americans have been awoken by the woke.” Here’s what’s on your mind. The race for governor in New Jersey isn’t over. This one’s another stinker as votes seem to appear out of nowhere in the dead of night. News flash to Murphy: NJ’s oppressive taxes keep “residents” in Florida for six months and a day, not NJ. They’ve already decided that calling you their governor is bad for business. Let’s go DeSantis. Looking to get away? Zillow has got a house for you. All of a sudden, the “high … [Read more...]
Press Freedom in Hong Kong Threatened by Potential Alibaba Deal
Alibaba may soon make a deal to sell the South China Morning Post, one of the most powerful free news outlets in China. The deal could see a state-owned or state-backed entity buy the journal, limiting its ability to provide unbiased news. Bloomberg reports: A company owned by the Chinese government is working on an offer to acquire Hong Kong’s influential South China Morning Post, according to people familiar with the matter. Bauhinia Culture (Hong Kong) Holdings Ltd. is interested in a deal with Alibaba Group Holding Ltd. that would see the city’s most prominent English-language … [Read more...]
- « Previous Page
- 1
- …
- 166
- 167
- 168
- 169
- 170
- …
- 644
- Next Page »