While Republicans Push Back, Democrats Double Down On Woke Investing

The New York City Comptroller, Brad Lander, threatened to pull billions from asset managers that refused to support his recent climate resolutions, the latest salvo in the battle between Democrats, Republicans and investors over environmental, social and corporate governance investment strategies. While Republicans have pulled billions from asset managers for using pension funds to forward […]

American Oil Giant Shatters Earnings Record On The Back Of Soaring Gas Prices

American oil company Chevron nearly doubled profits from 2021 to 2022, posting record-breaking annual earnings of $35.5 billion, the company announced Friday. The company’s 2022 profit was roughly one-third greater than its previous record, set in 2011, and came off the back of high gas prices, The Wall Street Journal reported. The company reported an […]

REPORT: Goldman Sachs Claims Four Cities Will Suffer 2008-Size Home Value Crash

The financial institution Goldman Sachs reportedly sent a note to clients in early January about four cities that it believes are likely to experience a 2008-size crash in the housing market. The note, obtained by the New York Post, reportedly states that Phoenix and San Diego, as well as Austin, Texas and San Jose, California, […]

FTX Owes Money To Big Tech Firms, Wall Street Titans

Bankrupt crypto exchange FTX reportedly listed large corporations in tech, finance and a range of other industries among its creditors in newly released bankruptcy documents. FTX owes money to Wall Street titans Goldman Sachs and J.P Morgan, and big tech giants including Netflix, Amazon, Apple and Meta, CNN reported. The New York Times and Wall […]

US GDP Ticks Up, But Recession Fears Remain

The U.S. economy grew modestly in the fourth quarter of 2022, despite signs of weak domestic demand, according to the Bureau of Economic Analysis (BEA) Thursday. In the fourth quarter, inflation-adjusted gross domestic product (GDP) grew by roughly 2.9%, down slightly from 3.2% in the third quarter, the BEA reported. Recession concerns among economists linger, […]

FBI Probes Snapchat Over Teen Fentanyl Deaths

The FBI is investigating Snapchat’s role in illegal fentanyl sales through its platform that have led to many teen deaths, Bloomberg reported Wednesday. The FBI and attorneys for the Department of Justice are looking into cases where fentanyl sales were arranged through the platform, according to Bloomberg, citing people familiar with the matter. The Bureau […]

Dem Lawmaker Boosted By SBF’s Deep Pockets Now Calls For Crypto Regs

Democratic Rep. Jesús “Chuy” Garcia of Illinois, who received more than $150,000 in direct and indirect support from disgraced former crypto CEO and Democratic donor Sam Bankman-Fried, called for more regulation of the crypto industry in an op-ed published Tuesday in The Hill. Garcia, who sits on the House Financial Services Committee — the House […]