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Daily Business Review

ESG Investment Cools as the Sector's Notoriety Grows

Elon Musk recently described environmental, social and governance investing as a "scam" that "has been weaponized by phony social justice warriors."
4 minute read

Daily Business Review

FTC Scrutinizing Labor Impact of Microsoft-Activision Merger

Workers at Activision have called for greater accountability at the company in the wake of sexual harassment and discrimination allegations.
3 minute read

Daily Business Review

Revlon Files Bankruptcy as Supply-Side Woes Prove Breaking Point

Revlon said that it has lined up $575 million of so-called debtor-in-possession financing from existing lenders to fund itself during bankruptcy.
3 minute read

Daily Business Review

Fed's Aggressive Rate Hikes Raise Likelihood of Recession

The "soft landing" the Federal Reserve has hoped to achieve — slowing inflation to its 2% goal without derailing the economy — is becoming both trickier and riskier than Chair Jerome Powell had bargained for.
6 minute read

Delaware Business Court Insider

Suit Filed by White & Williams Alleges Pair Unloaded Real Estate Liabilities onto Investments Co.

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

Daily Business Review

Biden Tells US Oil Refiners Record Profits Are 'Not Acceptable'

Refineries are already running near maximum capacity to churn out gasoline and diesel, though production still falls well short of demand.
4 minute read

Daily Business Review

Retail Posts First Drop in 5 Months as Auto Purchases Plunge

Spending in recent months has been supported by consumers dipping into savings and increasingly using credit cards.
2 minute read

Daily Business Review

Apple's $2 Trillion Market Valuation on Shaky Ground

After briefly surpassing $3 trillion in January, Apple has lost more than $800 billion in capitalization as tech stocks plunged.
3 minute read

Daily Business Review

Bitcoin's Unrelenting Sell-Off Puts Prices on Verge of $20,000

The crypto market now stands at a fraction of its heights in late 2021, when Bitcoin traded at a heady $65,000 and traders poured cash into speculative investments of all stripes.
3 minute read

Daily Business Review

The SEC War on Wall Street Greenwashing Has Begun

Under U.S. Securities and Exchange Commission Chair Gary Gensler, officials have been demanding that money managers explain the standards they supposedly use to classify ESG-labeled funds.
4 minute read

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More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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