A group of investors representing over $1.5 trillion in assets under management sent demand letters on Feb. 7 to five of Europe’s biggest banks, calling on them to stop financing fossil fuel firms by the end of 2023. ShareAction—an investment group whose website states that its “vision is a world where the financial system serves…
Investors Pressure European Banks to Stop Financing New Fossil Fuel Projects
February 11, 2023
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SEC Charges McDonald’s Former CEO for Misrepresentations to Investors
NEW YORK—The Securities and Exchange Commission (SEC) on Monday charged former McDonald’s Corp. Chief Executive Stephen Easterbrook with making false and misleading statements to investors about the circumstances of his 2019 termination. The SEC hit Easterbrook with a five-year officer and director bar and a $400,000 civil penalty. McDonald’s fired Easterbrook in November 2019 for…
How Investors Should Approach a Volatile 2023
Commentary The market’s fixation on inflation and the Fed’s interest rate moves appears, at least for now, over. We’re moving onto real concerns such as an economic recession, and for investors, a corporate earnings and growth decline as a result of said recession. This column isn’t going to predict where the S&P 500 will end…
Investing: Nibble at These Core Index Bargains
By Nellie S. Huang From Kiplinger’s Personal Finance When the stock market gets wobbly, we suggest making a shopping list of stocks you can pick up at lower prices. But it’s hard to pull the trigger on shares in a single company if you think prices will fall further. Here’s another idea: Invest some money…
BofA Warns of Looming Unemployment Shock, Recommends Selling Stock Rallies
Bank of America (BofA) analysts are warning of a collapsing U.S. labor market and a potential rise in unemployment next year. They also recommended selling a stock market rally ahead of the likely surge in job losses. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street consumer sentiment as inflation…
Investing: Learning to Live With the Bear
By Anne Kates Smith From Kiplinger’s Personal Finance What the bull giveth, the bear taketh away. Investors who thought the bear market might be over after summer’s strong gains got a reminder this fall that bear market rallies can be exhilarating but fleeting. Following a 24 percent drop from the record high in January through…
Nasdaq Ends Down as Investors Eye Black Friday Sales, China Infections
The Nasdaq closed lower on Friday with pressure from Apple Inc in a subdued holiday-shortened trading session for Wall Street, as investors watched Black Friday sales and COVID-19 cases in China. Apple fell 2.0 percent on news of reduced iPhone shipments from a Foxconn plant in China in November as production was hit by COVID-related…
Investing: How to invest $1,000
By Kim Clark and Anne Kates Smith From Kiplinger’s Personal Finance Although the savings rate has dipped again following pandemic highs, many investors still have ample cash sitting in a low-interest bank or money market account. If you’re among them, here are some ways to invest $1,000. Buy Some Small Fry Get more bang for…
How to Stand Out to Small Business Investors
Has your dream always been to own a business? Perhaps you have an invention you can’t wait to get into the hands of the masses. Whatever the reason, if you’re seeking small-business investors, you’re competing against thousands of others trying to secure financing. How can you stand out from the crowd and show you have…
Investing: Don’t Give up on Developing Markets
By James K. Glassman From Kiplinger’s Personal Finance Most investors today worry about inflation and the response to it from the Federal Reserve, but it’s time for a longer view. If you’re buying stocks for gains over the next 10 years or more, you need to imagine the contours of the future. A July report…
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