When Engine No. 1 scored a coup by winning a proxy vote and getting three environmentally minded members elected to Exxon Mobil’s board of directors in 2021, it sent shockwaves through the investment industry about the power of shareholder advocacy. It was framed as a David vs. Goliath story in which the relatively small hedge…
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For Menyuan Jordan, taking care of her three children while juggling a career that she loves has been like walking a tightrope. Being in the mental-health field, Jordan, a social worker in Austell, Ga., knows the value she provides with her work as a community therapist. But she can’t fully focus on work; her children…
“‘The transformational legislation provides breakthrough investments and tax credits that will save households money, create millions of jobs and boost energy security – all while helping put the US within striking distance of its 2030 climate goals.’“ That’s an optimistic Ani Dasgupta, president and CEO of the World Resources Institute, commenting Sunday after US Senate…
Read More “US can stay ‘within striking distance’ of halving emissions by 2030” »
From roof-top solar installers to the technicians upgrading your home HVAC and green-minded urban planners, more than 3.2 million Americans now work in “clean energy” as of the start of 2022. And while California remains a leader, hiring has spanned red and blue political states from all regions. It’s a job total that’s up 5%…
Read More “‘Clean energy’ jobs are on the rise. Enter your zip code to gauge growth nearby.” »
The worry instead turned to what a rip-roaring labor market and surging costs for everything means for stocks and bond portfolios, particularly if it turns into a mix of higher growth and inflation with staying power. What to even call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, pointing…
Read More “Roaring labor market puts ‘boomflation’ back on the map for investors” »
The Federal Reserve does not love the employment report released Friday, which showed that 528,000 more jobs were created in July while the unemployment rate fell to 3.5%, matching the lowest rate in more than 50 years. They ought to love the strong market. After all, one of the Fed’s official duties is to foster…
The government’s latest jobs report showed the US economy gained 528,000 jobs last month, with the unemployment rate falling to 3.5% from 3.6% the previous month. The sharp rise in hiring surprised Wall Street: Economists polled by The Wall Street Journal had forecast just 258,000 new jobs last month. That’s good news for the economy,…
Read More “July jobs report is good news for those seeking a pay raise” »
A Florida woman says she’s paying roughly $150 extra each month on a car loan because Equifax’s recently revealed coding error allegedly sunk her credit score — and now she’s suing the credit reporting company to make it pay up. After Equifax EFX, -0.63% said Tuesday it had a now-fixed “coding issue” between mid-March and…
Between pandemic lockdowns, health scares, contentious politics and significant inflation with rising prices, many US investors might feel they’re losing control of their situations. Add to that a bear market for stocks, with a possible recession looming. To remain resilient, we can focus on caring for our physical, mental and financial wellness — and that…
