NATO Pushback Debanking of Arms Firms
Bank withdrawals from defense companies supplying Western militaries have become so serious that people, including the NATO Secretary General, have been forced to tell the public that they support banks that invest in weapons companies. NATO's secretary-general said defense companies should not be put in the same category as illegal drugs and pornography as immoral […]
Bills, Dolphins make history by selling minority stakes to private equity firms
The Buffalo Bills and Miami Dolphins made National Football League history Wednesday by becoming the league's first clubs to sell their stakes to a private equity firm. The minority non-controlling interest, which means the company has no voting or actual decision-making power over the team, was approved at the NFL League Conference in Dallas, Texas, […]
Adams admin hires foreign firms to run NYC’s Downtown Heliport, raising security concerns: Not ‘a wise choice’
Mayor Eric Adams' administration has selected two foreign companies to operate the helipad in downtown Manhattan, but because the presidential helicopter Marine One uses the helipad, some national security concerns have been raised. This is causing concern for people. The City Economic Development Corporation will operate the city-owned Downtown Heliport in partnership with Skyports Infrastructure, […]
Investors, firms balking at ESG ETFs
Bottom Line panelists are speaking out as some companies try to distance themselves from politics. Companies that manage investment funds are rebranding or, in some cases, shutting down. Exchange Traded Fund (ETF) These were previously linked to environmental, social and governance (ESG) objectives amid political and regulatory backlash. ESG investing has gained attention over the […]
Australia Abandons Plans to Fine Tech Firms for ‘Misinformation’
(AFP) – Australia has scrapped plans to fine social media companies if they fail to stop the spread of misinformation, the country's communications minister announced on Sunday. The proposed legislation provides sweeping powers for finetech companies to be fined up to 5% of their annual turnover if they breach new online safety obligations. Communications Minister […]
Biden administration adding dozens of Chinese firms to forced-labor blacklist
Biden administration Over 2 dozen added A Chinese company was added to a forced labor blacklist on Friday, in the latest effort to combat exploitation of China's Uyghur population. The Department of Homeland Security (DHS) has identified 29 companies in Xinjiang that are allegedly using forced labor from Uyghurs to produce products for industries ranging […]
Bob Iger’s Disney, entertainment firms resume X advertising
Bob Iger's Disney and other entertainment giants have reportedly resumed advertising spending on Elon Musk's X. It comes a year after the billionaire told companies fleeing social media platforms to “get rid of themselves.” Disney, Comcast, Lionsgate Entertainment and Warner Bros. Discovery spent about $3.3 million on X ad buys this year, according to data […]
BlackRock CEO Larry Fink on why the firm’s crushing it
Meb Farber, Founder and Chief Investment Officer of Cambria Investment Management, discusses how investors position their portfolios and provides new tax-aware tips on how to make money. Discuss ETFs. BlackRock went out of its way this week to remind investors why it is the world's largest asset manager, with a record $11.5 trillion under management. […]
Ukraine war briefing: US sanctions China firms over ‘complete attack drones made for Russia’ | Ukraine
The United States announced that First-ever sanctions against companies based in China “Direct development and Partnering with Russian company to produce complete weapon system' is used in Ukraine. sanctions are against the suspect drone production According to the U.S. Treasury Department, Russia has used it in the war against Ukraine. U.S. State Department spokesperson Matthew […]
NPR editor slams tech firms censoring Post’s Hunter Biden laptop
National Public Radio's public editor said he was “deeply displeased” that big tech companies were “censoring” the Post's coverage of Hunter Biden's laptop, but did not agree to cover the story. By refusing, he gave his own broadcasting station a free pass. Kelly McBride has served as NPR's ombudsman since 2020. told The Wrap Tech […]