The e-commerce giant was the target of some mixed commentary courtesy of a Wall Street analyst, while also following the broader market lower.
(Reuters) -An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc from the widely followed S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles, and Tesla CEO Elon Musk responded with harsh tweets including that "ESG is a scam". In it changes, effective May 2, the sustainability index also added soon-to-be-Musk-controlled Twitter Inc and oil refiner Phillips 66 while dropping Delta Air Lines and Chevron Corp, according to an announcement. The back-and-forth over the index changes reflects a wider debate about the metrics used to judge corporate performance on environmental, social and governance (ESG) issues, a growing area of investing.
VATICAN CITY (AP) — The Vatican’s financial trial took a series of surreal turns Thursday when a former suspect-turned-star witness was thrown out of the tribunal and a defendant asserted in court documents that she escorted two emissaries of Russian President Vladimir Putin into the Holy See to negotiate the return of holy relics to the Russian Orthodox Church. The developments turned an otherwise mundane cross-examination of a onetime Vatican power broker about the Vatican's investment strateg
Last month, Boeing confirmed a delay to 2025 in handing customers the first 777X jet from a prior target of late in 2023, but said it retained confidence in the programme. Before the delays, SIA had expected to receive by the end of 2023 the first of the 31 777X planes it has on order, Chief Executive Goh Choon Phong told analysts and media.
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Today, the Minister of Environment and Climate Change, the Honourable Steven Guilbeault, hosted a roundtable alongside Canada's Prime Minister, the Right Honourable Justin Trudeau, and His Royal Highness The Prince of Wales to harness the power of sustainable finance in fighting climate change and building strong economies. The roundtable brought together leaders from Canada's financial and banking sector, Government of Canada institutions, and civil society, as well as other sustainable finance
LONDON (Reuters) -Low-cost carrier easyJet said it was "in the right place" to meet pent-up demand for summer flights, with bookings above pre-pandemic levels in the last 10 weeks and sold ticket yields for the fourth quarter 15% higher than in 2019. Chief Executive Johan Lundgren said easyJet was "absolutely focused" on strengthening its operational resilience for the summer after it had to cancel flights at Easter because of crew absences. Speaking after the British company reported a first-half loss of 545 million pounds ($675 million), in line with guidance, Lundgren said easyJet was managing the fastest post-pandemic ramp-up of any airline.
Bank stocks like Bank of Montreal (TSX:BMO)(NYSE:BMO) are top picks for 2022. The post Top 2 Stocks for Beginners in 2022 appeared first on The Motley Fool Canada.
TOKYO (AP) — Japan’s economy shrank at a worse than expected annual rate of 1% in the first quarter, as rising prices and COVID-19 restrictions sapped spending and investment, according to data released Wednesday. Japan’s real gross domestic product, or GDP, the sum of the value of a nation’s products and services, contracted 0.2% in January-March compared to the previous quarter, the Cabinet Office said. The world’s third-largest economy managed modest growth in the final quarter of last year,
A rapid decline in the yen and market distortions caused by current monetary settings have raised the political heat on the Bank of Japan as it becomes increasingly isolated in a world of hawkish-leaning central banks. Opposition lawmakers are grilling the BOJ regularly for allowing the currency to weaken and push up living costs, putting Prime Minister Fumio Kishida in a hot spot ahead of an upper house election scheduled in July. While Kishida has defended the BOJ's policy as necessary for supporting a persistently weak economy, the fresh scrutiny on the bank could colour the government's deliberations about who will succeed its dovish governor, Haruhiko Kuroda.
From meme-stock enthusiasts to retirees, this year's steep dive for both stocks and U.S. Treasury prices has upended portfolios for individual investors who had enjoyed watching their wealth grow during the historic rally in financial assets early in the coronavirus pandemic in 2020. That strategy does not work when stocks and bonds fall in unison.
Next Earth announced a collaboration with SEE Turtles, a non-profit organization working to protect endangered sea turtles through conservation tours, education, funding, and more. The campaign will have a duration of 14 days, from 19 May to 2 June.
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Dividend chasers should include an oil bellwether on their buy lists after the company declared the highest dividend increase in its history. The post 1 Oil Company Just Increased Dividends by 12% appeared first on The Motley Fool Canada.
Blue Origin's fourth flight landed successfully in March in west Texas after taking six passengers for a 10-minute journey to the edge of space. Blue Origin said on Wednesday tests showed one of the rocket's back-up systems did not meet performance expectations and it was delaying the mission. A handful of companies including Elon Musk's SpaceX and Richard Branson-founded Virgin Galactic are striving to make space travel a reality.
Aurion Resources Ltd. (TSXV: AU) (OTCQX: AIRRF) ("Aurion" or the "Company") reports that it has entered into an agreement ("Agreement") with Sakumpu Exploration OY ("Sakumpu"), a 100% held subsidiary of ASX listed, S2 Resources ("S2") (ASX: S2R) to acquire the Keulakkopää exploration permit in the Central Lapland Greenstone Belt, Finland.
China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as the broader economy slows, three people familiar with the matter said. The move by policymakers comes as the world's second-biggest economy has slowed sharply - and auto sales along with it - after cities led by Shanghai imposed tight COVID-19 lockdowns from March. Government departments including the Ministry of Information and Industrial Technology (MIIT) are considering a continuation of subsidies to EV buyers in 2023, said the people, who declined to be named as the discussions were private.
Goodfood (TSX:FOOD) stock has had a huge rise and fall in the last few years. But at $1.85 a share, it could easily double in the next year. The post Goodfood Stock Likely to Double in 2022! appeared first on The Motley Fool Canada.
McDonald’s is selling all of its restaurants in Russia 30 years after the burger chain became a powerful symbol of easing Cold War tensions between the United States and Soviet Union. The company shuttered hundreds of locations in March after Russia invaded Ukraine, which has cost McDonald's about $55 million per month. On Monday, McDonald’s announced it would sell those stores and leave Russia. An existing McDonald's licensee, Alexander Govor, who operates 25 restaurants in Siberia, has agreed
The 15th Session of the Conference of the Parties (COP15) of the United Nations Convention to Combat Desertification (UNCCD) kicked off on May 9, 2022 in Abidjan, Côte d'Ivoire. The UNCCD COP15 brings together leaders from governments, the private sector, civil society and other key stakeholders from around the world to promote sustainable land management in the future.
SAN FRANCISCO (AP) — Twitter is stepping up its fight against misinformation with a new policy cracking down on posts that spread potentially dangerous false stories. The change is part of a broader effort to promote accurate information during times of conflict or crisis. Starting Thursday, the platform will no longer automatically recommend or emphasize posts that make misleading claims about the Russian invasion of Ukraine, including material that mischaracterizes conditions in conflict zones
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