A central figure in former US President Donald Trump’s bid to create a new social media platform is a Brazilian parliamentarian and self-proclaimed prince who has campaigned to restore elements of the monarchy that ended with the overthrow of Emperor Pedro II in 1889.
The Delta variant is keeping more companies cautious about how to invest the mountains of cash they have at their disposal. That hesitancy has led, in part, to corporate spending on stock buybacks outpacing capital expenditures this year.
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.
