Sat.Nov 05, 2022

article thumbnail

How Fossil Fuel Divestment Falls Short

CFO News Room

Divesting from fossil fuel assets makes a big statement. Its impact, however, is murkier. Selling off an asset requires someone else to buy it, which, in the case of fossil fuels, can mean breathing new capital into the exact assets companies are trying to choke. But there’s another approach: running those assets into the ground. By holding onto fossil fuel assets, investors can resist efforts to improve their output and extend their lives.

article thumbnail

MiB: Edward Chancellor on the Real Story of Interest 

Barry Ritholtz

This week, we speak with financial historian Edward Chancellor. He is currently a columnist for Reuters Breakingviews and an occasional contributor to the Wall Street Journal and MoneyWeek. In 2008, he received the George Polk Award for financial reporting. Chancellor is the author of “ Devil Take the Hindmost: A History of Financial Speculation.” His new book “ The Price of Time: The Real Story of Interest ” is a nominee for FT’s 2022 Business Book of the Year.

Valuation 124
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Musings on Markets: META Lesson 1: Corporate Governance

CFO News Room

As we get deeper into earnings season for the third quarter of 2022, the biggest negative surprises are coming from technology companies, with the tech giants leading the way. Investors, used to a decade of better-than-expected earnings and rising stock prices at these companies, have been blindsided by unexpected bad news in earnings reports, and have knocked down the market capitalization of these companies by hundreds of billions of dollars in the last few weeks.

Marketing 130
article thumbnail

10 Weekend Reads

Barry Ritholtz

The weekend is here! Pour yourself a mug of BeanBox coffee, grab a seat on the settee, and get ready for our longer-form weekend reads: • Jony Ive on Life After Apple : The mastermind behind Apple’s most iconic products reveals how his design philosophy guides collaborations at his creative collective, LoveFrom. ( Wall Street Journal ). • Bitcoin mining in the crypto crash — the mining companies’ creative accounting : Bitcoin miners used to be ruthless economic agents, in it for the money.

article thumbnail

Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

article thumbnail

DraftKings, Cinemark, Hershey and more

CFO News Room

Check out the companies making headlines before the bell: DraftKings (DKNG) – DraftKings fell 12.5% in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. The sports betting company also raised its revenue guidance and warned a prolonged economic downturn could impact spending by its customers.

More Trending

article thumbnail

Weekend Reading For Financial Planners (Nov 5-6) 2022

CFO News Room

Executive Summary. Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that as part of the ongoing integration between the merged companies, Charles Schwab plans to transition advisors currently on the TD Ameritrade custodial platform to Schwab’s platform over Labor Day weekend 2023.

article thumbnail

Deutsche Bank Faces Threat of Fines Over Money-Laundering Controls

CFO News Room

Germany’s top financial watchdog threatened to fine Deutsche Bank AG if it doesn’t implement controls against money laundering by a set deadline, suggesting the regulator isn’t satisfied with the bank’s efforts to police dirty-money flows. BaFin, as the regulator is known, said late Friday that on Sept. 28 it told Deutsche Bank to take specific measures to prevent money laundering and terrorism financing so it could fulfill requests BaFin had made in 2018 and 2019.

Banking 100
article thumbnail

Politicians and Their Reasons | AIER

CFO News Room

By now, the world is painfully aware of the ordeal facing Sri Lankans. In Sri Lanka, schools are closed, fuel is limited, and food is scarce. In spring of 2022, nine in ten families were skipping meals, but the country was unable to buy the goods it needed from abroad. Consequently, protests have ensued since March. Sri Lanka owes more than $51 billion USD to foreign lenders, of which $6.5 billion is owed to China.

article thumbnail

Links 11/5/2022 | naked capitalism

CFO News Room

Making daylight saving permanent could drastically reduce deer collisions, study finds NBC. Resilc: “I’m all for more dead deer. They kill all kinds of new forest growth by over population. Death to Bambi.”. CATCHING TIGERS IN RED WEATHER AND THE FALLING HUMAN Circus Bazaar (David L). #COVID-19. Science/Medicine. SARS-CoV-2 Omicron’s newest subvariant BQ.1.1 shows extraordinary immune evasion potential against vaccine sera News-medical.net.

Math 130
article thumbnail

Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.