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Will ESG Investing Hold Up in Bear Market?
Since 2009, investing based on environmental, social, and corporate governance (ESG) principles has boomed, becoming a $35 trillion industry. But in May, U.S. sustainable funds reported an unusual monthly outflow of $3.5 billion, raising the question—will investors remain committed?..
The Great Inequality in Florida
Every state has its quirks, of course, but Florida seems to be in the news more often than most. Human-interest stories like a woman arrested for leading a motorized suitcase chase through an airport, a man bitten by an alligator he mistook for a dog, another man who carjacked a street sweeper (all real stories from Florida in just June 2022)...
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Raising Interest Rates Won’t Control Inflation, Analyst Says
The Federal Reserve has it all wrong, according to MBMG Group Managing Partner Paul Gambles. If inflation is due to supply chain disruption, managing demand—and inflation—by hiking interest rates is not the solution, the advisory firm’s executive told CNBC...
Factory Production Data Exacerbate Recession Worries
Global factory growth stagnated in June amidst an economic climate that left consumers purchasing less and continued supply chain disruptions caused by China’s COVID-19 lockdowns and Russia’s invasion of Ukraine. Also, central bankers warned of future interest rate increases, and chipmakers reported that demand was low...
Global Economy Enters A “New World,” Fed Chair Says
When it comes to inflation, the global economy is in a “new world,” Federal Reserve Chairman Jerome Powell said in a speech in Portugal in late June. The low inflation period of the post-2008 era is a thing of the past, he said, citing new economic forces that have led to higher inflation and resulting challenges for the world’s central banks...
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IMF Chief Says U.S. Downturn May Be Necessary to Beat Inflation
The risk of an economic downturn in the U.S. is increasing, according to International Monetary Fund Managing Director Kristalina Georgieva, though it would be a “necessary price to pay” to tamp down inflation. Georgieva’s remarks come as the IMF cuts its U.S. growth forecast to 2.9%...
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Fed is Hyperfocused on Tamping Down Inflation, Powell Says
The global financial system is depending on U.S. inflation to decrease, and the Federal Reserve is committed to making sure that happens, Chairman Jerome Powell said in mid-June. “The Federal Reserve’s strong commitment to our price stability mandate contributes to the widespread confidence in the dollar as a store of value. To that end, my colleagues and I are acutely focused on returning inflation to our 2 percent objective,”...
Steve Kerr’s Incredible EQ
It hasn’t taken long for Steve Kerr’s success as a basketball coach to catch up to his success as a player. While Kerr the player was never a superstar, he certainly played alongside them—most notably with Michael Jordan while with the Chicago Bulls...
Chinese President Xi Jinping Lashes Out at Western Sanctions
Calling Western sanctions an act of “weaponizing” the global economy, Chinese leader Xi Jinping made a case for unity, speaking in advance of a summit with leaders of the BRICS (Brazil, Russia, India, China, South Africa) economic bloc of emerging economies...
How the Best CEOs Improve Their Mental Health and Acuity
Worker burnout and employee mental health are all over the news and have been for some time, and many partly attribute the current labor shortage to the widespread burnout that is evident across the economy. In fact, a 2021 survey by McKinsey & Company found that nearly half (49%) of workers are feeling at least somewhat burned out...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...