When Saving the Planet Hits the Bottom Line, Investors Take Notice
In the past few years, the financial industry has been coming to terms with the fact that there’s a link between taking care of the environment and its own economic well-being, with banks, investors, and insurers now urging companies to disclose nature-related risks. According to the World Economic Forum (WEF), $44 trillion of the world’s economic output depends on animals and ecosystems...
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Strategists Fear Triple Threat to World Economy
With markets expecting the Federal Reserve to hike interest rates nine or 10 times before early 2023, global market analysts predict three key consequences, according to CNBC. First is the fear of a global recession. “The Fed, to a certain extent, is the world’s central banker,” Kristina Hooper, global market strategist at Invesco, told CNBC...
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Morgan Stanley’s Co-President Predicts Period of Fundamental Shift
After 15 years of low interest rates and cheap corporate debt, global markets are poised for a “paradigm shift,” Morgan Stanley Co-President Ted Pick said at a New York financial conference in early June. “It’s an extraordinary moment; we have our first pandemic in 100 years...
What’s Causing the Labor Market Shortage?
In 2021, a staggering 47.4 million workers quit their jobs. For comparison, 42.1 million quit their jobs in 2019, which was then considered the tightest labor market in history. However, this does not explain the labor market shortage the U.S. is currently experiencing—at the end of April 2022, there were 11.4 million job openings...
U.S. Investors Barred From Buying Russian Debt, Stocks in Secondary Market
Beyond its ban on new-issue purchases, the U.S. Treasury Department has prohibited American money managers from buying any Russian debt or stocks in secondary markets. The announcement was posted on the department’s website...
Why Women Make Better Bosses
Corporate boardrooms and C-suites are not exactly known for their diversity. For instance, in 2021, just six Fortune 500 chief executive officers were Black, while there were 40 Asian American and 20 Latinx/Hispanic CEOs...
Drastic Shift in World Economy Essential for Combatting Global Warming
The global climate goal is clear: Keep warming at or below 1.5°C for the next three decades. To do this, no less than an extreme overhaul of the world economy is necessary, according to bankers, academics, and policymakers attending the annual Green Swan conference on sustainable finance in early June...
Identifying the Best Key Hires (Pre-Interview)
No business can be successful without great employees. It seems like an obvious statement, but it bears keeping in mind, because not everyone you hire will end up being successful in your company. Sometimes, it boils down to fit. A new hire may just not fit the particular culture of a company. Maybe their attitude doesn’t mesh with the attitudes of current employees...
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Liquidity Risks Threaten Treasury Market With Fed Tightening, Analysts Say
Eyes are on the Treasury market as the Federal Reserve lets bonds mature off its $9 trillion balance sheet. The quantitative tightening (QT) that began June 1 is an attempt to tamp down inflation, and analysts say the results will depend on the direction of the overall economy and other factors...
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Metaverse Could Give Big Boost to Global Economy
If people come to use the metaverse in the way they now use mobile technology, the global economy could stand to benefit, according to a study by international economic consulting firm Analysis Group...
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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...