Business

“Boycotts rarely work — but anti-LGBTQ+ backlash is forcing companies into tough choices”

“…As boycotts move beyond social-media-fueled outrage, companies like Anheuser-Busch, Target and Disney are facing monthslong public relations fiascos that have resulted in market share losses, C-suite shake-ups, legal battles and even threats to employees. In some cases, corporations have drawn the ire of conservative customers… Continue Reading…

Business, Economy

“Life-Insurance Payouts Hit Record $100 Billion in 2021”

“U.S. life insurers paid a record $100 billion in 2021 in death benefits, fueled by another year of Covid-19 deaths, an industry trade group said. Payouts rose 11% in 2021 to $100.19 billion, most likely due to the pandemic, according to… Continue Reading…

Stocks

“15 Stocks Billionaire Investors Agree It’s Smart To Buy Now”

“Stocks ‘Smart Money’ Billionaires’ Are Buying Based on new or added to positions by 47 key institutional investors in the second quarter of 2022 Company Row Labels Number of portfolios added to Stock YTD % ch. Sector Eli Lilly (LLY)… Continue Reading…

Economy

“More Companies Start to Rescind Job Offers”

“…Companies including Twitter Inc. , real-estate brokerage Redfin Corp. , and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets of the economy are pulling away offers too, including some in insurance, retail marketing, consulting and recruiting services. At the same time,… Continue Reading…

Business, Stocks

“Kellogg shares jump on plans to separate into three companies”

“Kellogg announced Tuesday that it plans to separate into three independent public companies, sectioning off its iconic brands into distinct snacking, cereal and plant-based businesses. Shares of the company rose 6.5% in premarket trading on the announcement… Combined, Kellogg’s plant-based division… Continue Reading…

Business, Economy

“50% of companies want workers back in office 5 days a week–why experts say this strategy could fail”

“About 50% of leaders say their company already requires or is planning to require employees to return to in-person work full-time in the next year, according to new research from Microsoft, which surveyed 31,102 workers around the world between January and… Continue Reading…

Economy

“Over 400 companies have withdrawn from Russia. But some Western brands are locked in”

“More than 400 companies have announced their withdrawal from Russia since the launch of its invasion of Ukraine on Feb. 24, according to a list compiled by Yale School of Management. For some brands, however, a clean break is easier said than… Continue Reading…

Business

“J&J plans to split into two companies, separating consumer products and pharmaceutical businesses”

“Health-care conglomerate Johnson & Johnson announced plans Friday to split its consumer products business from its pharmaceutical and medical device operations, creating two publicly traded companies. The news sent shares higher in premarket trading. The separation will sheer off its household products… Continue Reading…

Business, Economy

Big News: “GE to break up into 3 companies focusing on aviation, health care and energy”

“U.S. industrial giant General Electric will split into three companies following years of seeing its stock underperform, the company announced on Tuesday. The company will be divided into separate units focused on aviation, health care and energy. GE plans to spin off… Continue Reading…

Economy, Investing

“These are the types of companies Warren Buffett says you should invest in during times of inflation”

“The Chairman and CEO of Berkshire Hathaway, during a 2015 shareholder meeting, noted that: “The best businesses during inflation are the businesses that you buy once and then you don’t have to keep making capital investments subsequently,” while you should avoid… Continue Reading…