Tag Archives: companies

Few would dispute that the Federal Reserve’s enormous doses of monetary medicine this year were necessary to alleviate the worst economic impacts of the coronavirus pandemic. But every treatment comes with risks and side effects, and the aggressive intervention by the U.S. central bank added significantly to the ranks of …

Wirecard, headquartered in Aschheim near Munich, this fall faced a parliamentary inquiry into the collapse of payments provider. Christof Stache/Agence France-Presse/Getty Images This year, $ 2 billion is missing at a German fintech company, $ 300 million of sales has been found to be fabricated at a Chinese coffee chain …

EU flags fly in front of the European Commission headquarters in Brussels, Belgium. iStock/Getty Images European regulators are reportedly preparing a “hit list” of up to 20 big tech companies that would be subject to strict new rules. The Financial Times reported Sunday that the list of large internet companies …

[unable to retrieve full-text content] California will require publicly traded companies based in the state to add minority board members by the end of 2021 under a first-in-the-nation bill signed into law by Gov. Gavin Newsom on Wednesday. MarketWatch.com – Top Stories

“ ‘Trump Cards.’ ” That was the branding some participants in drug-price negotiations between the pharmaceutical industry and the Trump administration reportedly slapped on the prepaid cards that President Donald Trump’s team insisted the drug companies send to U.S. seniors as part of an agreement. It turned out to be …

“ Every business is at risk of losing those who drive innovation. ” When employees shifted to working remotely five months ago, few thought it would last this long. Now, an estimated 30 million Americans are unemployed, with one in five workers collecting unemployment benefits. The U.S. recession is deepening, …

Failing to hand over refunds to customers is a direct breach of guidance from European and U.K. authorities. Yet several tour operators have failed to refund customers their money.  Some of Europe’s largest travel companies are holding on to their customers’ cash months after trips were canceled because of coronavirus.  …

Rainbow, North East England. Owen Humphreys/Zuma Press Goldman Sachs has gotten on the bandwagon in terms of thinking defaults by speculative or “junk” rated U.S. companies won’t get a whole lot worse this year. Analysts at the bank this week cut their default forecast for the sector to 10.5% from …

Investors may want to steer clear of investing their 401(k) in companies that own risky assets such as coal-fired power plants. George Frey/Agence France-Presse/Getty Images Climate change. Exploitation of essential workers. Racism. In the face of an urgent need to tackle these societal challenges, the U.S. Department of Labor released …