The recent analysis conducted by Climate Action 100+ has highlighted significant shortcomings in the low-carbon transition plans of major oil and gas companies in Europe and North America. According to the Net Zero Standard for Oil & Gas framework, companies like Exxon Mobil, Shell, and Chevron have failed to meet the necessary criteria to adequately
The U.S. stock market experienced a slight slip on Tuesday, with the Dow and S&P 500 facing their third consecutive decline. Despite modest gains earlier in the session, investors found themselves in a holding pattern awaiting economic data. The upcoming economic data will play a crucial role in determining the Federal Reserve’s future policy decisions.
Andy Bechtolsheim, a prominent figure in the tech industry as the co-founder of Sun Microsystems and Arista Networks, recently reached a settlement with the SEC on insider trading charges. The settlement will cost him close to $1 million and will result in him being barred from serving as a public company officer or director for
Canada Goose recently announced its decision to reduce its corporate workforce by approximately 17%. This move comes amidst a trend of retailers laying off employees due to a decrease in consumer spending on non-essential items. While the exact number of employees affected by these layoffs has not been disclosed, it is clear that the cuts
As Broadway’s spring season kicks off, recent newcomers are drawing strong audiences and making quite an impression. Two shows had their opening nights during the week ending March 24, with promising results. An Enemy of the People, starring Jeremy Strong, Michael Imperioli, and Victoria Pedretti, played to standing room only crowds at Circle in the
BlackRock Chairman Larry Fink has raised concerns regarding the growing crisis surrounding retirement in America as people now live longer lives. He pointed out that the current system is failing to provide a secure financial future for individuals as they age. Fink emphasized the importance of addressing this issue urgently, as it is one of
The Central Bank of Nigeria recently made the decision to raise its key interest rate by 200 basis points, signaling a move to address the country’s ongoing challenges with inflation and its currency crisis. This adjustment comes on the heels of a 400 basis point increase earlier this year, highlighting the seriousness with which policymakers
The Bank of Japan has recently made a significant shift in its policy approach by moving away from its dovish forward guidance and embracing a more “data-dependent” strategy. After ending eight years of negative rates and unorthodox policies, the BOJ is now keeping the door open for another near-term hike in borrowing costs. This change
Apple Inc. (NASDAQ:AAPL) has received a positive affirmation from Evercore ISI, a leading investment firm, regarding its recent decision to incorporate Baidu (NASDAQ:BIDU)’s artificial intelligence platform, Ernie, into its operations within the Chinese market. This strategic move has significant implications for Apple’s AI development and its relationship with the Chinese government. The partnership with Baidu
Bitcoin made a significant jump at the start of the final week of March, reclaiming the $70,000 mark. The surge in price was notable, with the leading cryptocurrency climbing by approximately 7% to reach $70,617.68. Alongside Bitcoin, Ether also experienced a 7% increase, reaching $3,621.30. This upward trend was not limited to just the top
Boeing, the embattled aerospace giant, is undergoing a major management shake-up, with CEO Dave Calhoun set to step down at the end of 2024. Along with Calhoun, Chairman of the board Larry Kellner is also resigning and will not stand for reelection at Boeing’s annual meeting in May. These changes are part of a broader
Universal/DreamWorks Animation’s Kung Fu Panda 4 had an impressive weekend at the international box office, raking in $55.3M from 69 markets. This added to its overseas running total of $135M, bringing its global earnings to $268.2M. The film performed exceptionally well in China, with $25.7M generated, including previews from the previous session. China has historically
The private equity landscape in Asia Pacific saw a significant shift last year, with the total value of deals falling to its lowest since 2014. This decline can be attributed to various factors, including slowing growth, high interest rates, and volatile public markets. Fundraising also hit a 10-year low, painting a challenging picture for investors
The current state of the foreign exchange market sees the dollar gaining momentum, while the Japanese yen remains at a multi-decade low. The threat of Japanese authorities intervening to stabilize the yen has prevented the greenback from soaring even higher. At the time of writing, the yen is trading at 151.25 per dollar, not far