McKenna Weinstein, 26, is the daughter of a prominent Orange County orthopedic spine surgeon and a successful realtor in what’s known as the California Riviera, in a community called Newport Coast. McKenna is a bright, funny, strong, and determined young woman. In 2013, she entered the Marshall School of Business at the University of Southern…
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Face-Recognition Business Puts SoftBank Between China, US
July 9, 2022
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TOKYO—A SoftBank-owned company is thriving by offering face-recognition technology fuelled by a blacklisted Chinese firm to the likes of Mastercard and Visa, an opportunity for the Japanese conglomerate, fraught with geopolitical and privacy risks. Japan Computer Vision Corp. (JCV), owned by SoftBank Group Corp.’s wireless unit, has struck deals on payments in recent months, a…
Biden’s SEC Reacts Negatively to Bipartisan, Pro-Market ‘Responsible Financial Innovation Act’
Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), has publicly expressed concerns about new bipartisan legislation drafted by Sens. Cynthia Lummis (R-Wy.) and Kirsten Gillibrand (D-N.Y.) that would provide clarity around laws concerning the use and trade of bitcoin, stablecoin, and other cryptocurrencies, and the regulatory jurisdiction under which such commodities fall….
6 Pieces of Timeless Business Advice From Ford, Hamilton, Rockefeller, and More
By Hayden Field In the 2015 musical Hamilton, Alexander Hamilton is championed for furthering his career “by working a lot harder, by being a lot smarter, by being a self-starter.” In a 2016 episode of Saturday Night Live, Benjamin Franklin is featured as a fictional guest at the very first Thanksgiving. And in the 2018 Netflix…
Strive Asset Management Aims to Lure Companies Away From ESG-Based Strategies at Odds with Profitability
As the Walt Disney Company, Coca-Cola, Google, Microsoft, the Atlanta Falcons, and other high-profile corporate entities involve themselves in public controversies over hot-button social topics, and pursue market strategies and internal policies based on Environment, Social, and Governance (ESG) and Diversity and Inclusion (D&I) principles, rather than the more traditional criterion of profitability, some asset…
Peter Thiel’s New Venture Aims to Lure Companies Away From Environmental Justice Policies
As the Walt Disney Company, Coca-Cola, Google, Microsoft, the Atlanta Falcons, and other high-profile corporate entities involve themselves in public controversies over hot-button social topics, and pursue market strategies and internal policies based on Environment, Social, and Governance (ESG) and Diversity and Inclusion (D&I) principles, some asset managers increasingly wonder how to invest capital in…
Peter Thiel’s New Venture Aims to Lure Companies Away From Environmental Justice Activism
As the Walt Disney Company, Coca-Cola, Google, Microsoft, the Atlanta Falcons, and other high-profile corporate entities involve themselves in public controversies over hot-button social topics, and pursue market strategies and internal policies based on Environment, Social, and Governance (ESG) and Diversity and Inclusion (D&I) principles, some asset managers increasingly wonder how to invest capital in…
Stagflation Looms as German Business Confidence Slides
German business sentiment slumped in June as headwinds from looming natural gas shortages and soaring prices crimped confidence, prompting analysts to boost the odds that Europe’s biggest economy will be rocked by stagflation. The closely-watched Ifo business climate index, released on June 24, showed a slump in its current conditions gauge and sharp drop in…
New Orleans Grill Becomes First Business Allowed by Court to Recover Damages for COVID-19 Lockdown Losses
Oceana Grill, a popular seafood restaurant in New Orleans, has achieved a first-of-its-kind victory in its long-running legal battle to receive payouts from insurer Lloyd’s of London for loss of revenues during its COVID-19 shutdown beginning on March 20, 2020. On June 15, a Louisiana state court reversed an earlier decision and ruled in favor…
American Business Elites Have Become Lobbyists for China, Expert Says
Beijing’s well-documented abusive trade practices, human rights abuses, and territorial aggression have been hard to curb partly because of a lack of alignment between the political and military leadership of democratic nations, on the one hand, and Western business elites engaging in trade with China, on the other, said panelists at a hearing held by…
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