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Business

“Chipotle, Papa John’s link ESG goals to bonus compensation, and pay practice is moving below the C-suite level”

“…Nearly half of the Russell 1000 (43%) discloses that it uses ESG-related key performance indicators in executive compensation metrics, according to data from Just Capital, a nonprofit that measures corporate stakeholder performance. That percentage of Russell 1000 companies linking ESG… Continue Reading…

Economy

“Private payrolls rose by 145,000 in March, well below expectations, ADP says”

“Private sector hiring decelerated in March, flashing another potential sign that U.S. economic growth is heading for a sharp slowdown or recession, payroll processing firm ADP reported Wednesday. Company payrolls rose by just 145,000 for the month, down from an… Continue Reading…

Business, Stocks

“Nikola shares sink after its $100 million stock offering priced at 20% below market”

“Electric heavy-truck maker Nikola said that its planned $100 million secondary stock offering, announced on Thursday after U.S. markets closed, has priced at $1.12 per share – 20% below the stock’s closing price of $1.40. Shares fell more than 15%… Continue Reading…

Economy, Energy

“Gasoline is cheaper now than a year ago — and could fall below $3”

“Gasoline prices are now cheaper across the U.S. than they were a year ago, and the price per gallon could fall below $3 for most Americans by the end of the year. According to AAA, the national average for a gallon… Continue Reading…

Economy, Stocks

“Dow falls 600 points, tumbling below 30,000 to the lowest level in more than a year”

“The Dow Jones Industrial Average tumbled below the key 30,000 level on Thursday as investors worried the Federal Reserve’s more aggressive approach toward inflation would bring the economy into a recession. The Dow had rallied on Wednesday after the Fed… Continue Reading…

Cryptocurrencies

“Bitcoin Price Drops Below $30K for the First Time Since January”

“Bitcoin dipped below the long-held support at $30,000 on Tuesday, hitting the lowest level since Jan. 28. The cryptocurrency traded at $29,700 shortly before press time, bringing the year-to-date gain down to just 3%, according to CoinDesk 20 data. The drop… Continue Reading…

Economy

“Jobless claims: Initial filings broke below 400,000 for the first time since March 2020”

“…The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: Initial jobless claims, week ended May 29: 385,000 vs. 387,000 expected… Continue Reading…

Economy

“First-time jobless claims fall below 1 million for the first time since March”

“Another 963,000 Americans filed for regularfirst-time unemployment benefits last week on a seasonally adjusted basis — the first time in five months that number has dipped below 1 million, the Department of Labor said Thursday. It was the lowest number of weekly… Continue Reading…

Economy

“U.S. oil plunges 25% to trade below $13 a barrel to start another punishing week”

“June West Texas Intermediate crude CLM20, -26.62%, the U.S. benchmark, lost $4.20, or 25%, to trade at $12.69 a barrel, following a 32.3% decline for the week—its biggest such decline on record—for the commodity and a landmark plunge in the now-defunct May contract,… Continue Reading…

Economy

Oil: “…crude’s spectacular plunge below $0 a barrel”

“The formerly unthinkable drop in oil prices below $0 a barrel on Monday is still reverberating through financial markets, as supply overwhelms demand destroyed by the coronavirus pandemic, forcing some energy companies into possible bankruptcy as storage reaches maximum capacity.… Continue Reading…