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Business

“BlackRock, Vanguard, and State Street turned against environmental and social proposals this year, a clear sign of backlash”

“…The most surprising finding is how thoroughly the “Big 3” investors—BlackRock, Vanguard and State Street—turned against environmental and social shareholder proposals in the past year. In the U.S., BlackRock’s support for E&S proposals dropped from 41.3% in the 2020-21 season, to 23.7% in… Continue Reading…

Cryptocurrencies

“Coinbase gets all-clear from SEC, setting stage for landmark crypto listing”

“Coinbase Global Inc, the largest U.S. cryptocurrency exchange, has received approval from the U.S. Securities and Exchange Commission (SEC) to list its shares on the Nasdaq, paving the way for what will be a landmark victory for cryptocurrency advocates. The… Continue Reading…

Business

“Average cost of employer-provided family health coverage clears $20,000-a-year mark”

“The average total cost of employer-provided health coverage passed $20,000 for a family plan this year, according to a new survey… Annual premiums rose 5% to hit $20,576 for an employer-provided family plan in 2019, according to the yearly poll… Continue Reading…

Business, Stocks

“Macy’s shares sink as discounts to clear inventory hurt, tourism drops”

“Macy’s Inc <M.N> cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much… Continue Reading…