Like many human tragedies, 9/11 was great news for defense contractors. Over the course of the past 20 years, they've brought in a stunning $7.35 trillion in revenue, according to a Defense News database. The overwhelming majority of that money came from the Pentagon.
In 2020, at the World Economic Forum, David Solomon, the CEO of Goldman Sachs, proclaimed that the investment firm wouldn’t take corporations public unless they had at least one “diverse” member on their board.
Fortune 500 corporate boardrooms increasingly have embraced a “woke” agenda — such as Gillette lecturing its shavers about toxic masculinity and Bank of America having guest speakers declare capitalism evil.
U.S. investors cut their use of leverage in July, marking the first month since the onset of the pandemic that saw a reduction in the use of margin debt to buy securities like stocks, potentially a warning sign for markets buoyed by heavy use of borrowed money.
The three main Wall Street indexes ended Friday higher for the day and week, with the S&P 500 (.SPX) and the Dow (.DJI) breaking closing records, as investors took strong economic data and bank earnings as signs of momentum in the U.S. pandemic recovery.
