Month: February 2020

As the ESG and sustainable investing movement grows, Societe Generale quantified the potentially large consequences for companies that don’t follow suit. The firm found that in two thirds of “high ESG controversy” cases a company’s stock experienced “sustained underperformance,” trailing the global index by an average of 12% over the course of the following 2
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Sen. Elizabeth Warren (D-MA), former Vice President Joe Biden and Sen. Bernie Sanders (I-VT) (R) participate in the Democratic presidential primary debate at Drake University on January 14, 2020 in Des Moines, Iowa. Scott Olson | Getty Images Social Security policy has already prompted some presidential contenders to resort to fighting words. But for many
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PSA CEO Carlos Tavares and FCA CEO Mike Manley shake hands after signing a combination agreement that will lead to the creation of the world’s fourth-largest global automaker in terms of annual sales (8.7 million vehicles). FCA Fiat Chrysler posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America
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Pinterest screen on a mobile phone Source: Pinterest Check out the companies making headlines after the bell: Pinterest — The online scrapbook company’s stock rose more than 17% in extended trading after it beat analysts’ estimates for fourth-quarter revenue and monthly active users. Pinterest reported fourth-quarter earnings of 12 cents per share excluding some items
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CNBC’s Jim Cramer expressed concerns about the fundamentals of Casper Sleep‘s business ahead of the online mattress startup’s Thursday debut as a publicly traded stock. Shares opened at $14.50, an over 20% increase from its offering price. “The losses here are staggering” for the business, Cramer said on “Squawk on the Street.” Casper, which started
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Philip Krim, CEO and co-founder of sleep product company Casper, poses for a photo outside of the New York Stock Exchange, before their IPO, Thursday, Feb. 6, 2020. Richard Drew | AP Casper shares surged nearly 30% following the online mattress maker’s initial public offering Thursday morning, opening at $14.50. Casper had priced its IPO at $12
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Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Dow Jones Industrial Average rises 88 points The Dow climbed 89.92 points, or 0.30%, to 29,379.77. The S&P 500 gained 0.33% to close at 3,345.78. The Nasdaq Composite advanced 0.67% to 9,572.15. Wall Street managed to recover coronavirus-related losses amid
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A SpaceX Falcon 9 rocket lifts off from Cape Canaveral Air Force Station carrying 60 Starlink satellites on November 11, 2019 in Cape Canaveral, Florida. The Starlink constellation will eventually consist of thousands of satellites designed to provide world wide high-speed internet service. Paul Hennessy | NurPhoto | Getty Images SpaceX is considering spinning off
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Former New York City mayor Michael Bloomberg, a democratic presidential candidate, attends the U.S Conference of Mayors 88th Winter Meeting in Washington, D.C, January 22, 2020. Yasin Ozturk | Anadolu Agency | Getty Images Democratic presidential candidates are taking aim at a new tax break for small businesses. Billionaire Michael Bloomberg last week pitched a
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Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S., on Tuesday, Feb. 5, 2019. Daniel Acker | Bloomberg | Getty Images Yum Brands on Thursday reported quarterly earnings that fell short of analysts’ expectations. Shares of the company
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