Month: May 2022

Things have been quiet at ExxonMobil Corp. ever since activist investor Engine No. 1 unexpectedly snatched a quarter of the company’s board seats last June in a strong rebuke of the company’s climate strategy. Engine No. 1 was able to stage a coup because ExxonMobil’s shareholders were fed up — no small feat in an
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Topline Stocks finished slightly higher on Monday, attempting to find their footing after last week’s brutal sell-off, but Wall Street experts warn that even after the market’s worst month since the onset of the coronavirus pandemic in March 2020, investors should be wary of more volatility ahead. Key Facts Stocks inched higher on Monday, notching
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Last week, President Biden reportedly told a group of lawmakers who urged him to cancel at least $10,000 of student debt for every borrower through executive action, “you’re going to like what I do on that.” Although there are some worthwhile forms of debt forgiveness, these reports are cause for concern. Broad debt cancellation would
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The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high. Some observers believe the U.S. government may have misread the looming threat of inflation. During the pandemic, Uncle Sam dispersed
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New Realtor.com research spotlights Asian Americans’ unique barriers to achieving the dream of homeownership and associated struggles during the pandemic. “Our analysis shows the Asian American homeownership gap persists, underscoring the significant racial disparities that still exist in real estate today,” said Danielle Hale, chief economist at Realtor.com. “Despite this community having some of the
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Technology has been hit or miss when it comes to our money. While fintech apps promise to make managing our money simple, if not even enjoyable, not all of them deliver. I’ve tested hundreds of personal finance apps and tools over the years. Here are 5 of the best money apps I’ve found to manage
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Airline passengers, some not wearing face masks following the end of Covid-19 public transportation rules, sit during a American Airlines flight operated by SkyWest Airlines from Los Angeles International Airport (LAX) in California to Denver, Colorado on April 19, 2022. Patrick T. Fallon | AFP | Getty Images Airlines that once touted globe-spanning destinations, promising
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