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COVID-19’s impact on the workplace and other behaviors may lead to long-term environmental benefits.Changing priorities in the workplace may choose a new set of winners and losers in the global economy.Workplaces and industries are being tested in...
CEOs committed to social impact initiatives are more likely to move on to bigger and better leadership roles, according to an analysis of almost 2,000 leadership transitions.The study’s findings reinforce the value placed on corporate social responsibility and...
Goldman Sachs Asset Management says they will vote against directors if a company’s board lacks women.The move may have a bigger impact in countries where there are few women on boards of directors.Move reflects a recognition by...
Pension funds representing about $2 trillion in assets under management are committing to sustainability investingThe move brings some of the world’s largest asset owners into the ESG movement, joining fund managers, companies and governmentsPension funds’ ESG commitment...
Market gyrations testing investors’ commitment to ESG investingA stock-market rout may be the first critical test for sustainability investors and funds, many of whom have never faced a prolonged down market.Coronavirus may reduce carbon footprints around the...
As AI disrupts the financial industry, the current stock selloff is testing assumptions about the industry’s future and showing the need for human skills.Robo-advisors increasingly important to younger investors and big banks are adapting to the demand.While...
Activist investors are now demanding that companies they hold shares in commit to sustainability.More than 90% of millennial investors aim to customize where they put their money, in part based on sustainability, Zacks reportsMoves by Elliott Management...
California law on female directors seeks to boost equalityDiverse leadership has been shown to help public companies outperformGoldman Sachs, BlackRock are lending Wall Street clout to the movement as gender equality in the corporate world gains momentum
Can BlackRock deliver on its pledge to hold companies accountable on sustainability issues?The $7 trillion asset manager is one of the biggest shareholders of most of the world’s listed businesses.World’s largest asset manager has faced criticism about...
Colleges and universities whose endowments have embraced environmental, social, and governance investing and have divested fossil fuel holdings are not “sacrificing financial returns” for sustainability, a new report says. “The bottom line is ESG investing...
The dark side of making microloans to the poor is on display in Kenya, where small borrowers are defaulting on loans from Tala, a U.S. fintech firm that claims to lift customers with a dream out of...
Just as money moves around in a financial system, seeding companies and wealth, investors are seeking startups that give trash a few extra spins through the economy. Money is pouring into the so-called circular...
Speeding or slamming on the brakes when you drive may bump up your insurance rates if Allstate rolls out a program it’s testing in Arizona. The insurer is trying out a phone app that...
Investors who want their money to go to companies committed to environmental, social or governance principles may be surprised to find tech giants Microsoft, Alphabet and Apple taking up most of the space in their ESG-focused funds....
Oil and natural gas pipeline companies have long been a target for environmentalists’ ire — think of the Keystone battle, as well as protests from Ecuador to Nigeria. Those companies appear to have cleaned...
As artificial intelligence worms its way into healthcare, entertainment and nearly every other facet of business, financial service leaders expect they are next and see far-reaching effects roiling the industry within the next two years.Almost four out...
An opaque segment of the credit industry — the $1.2 trillion leveraged loan market — is the latest to see the light on sustainability investing. As lenders determine where to put money, buyers of...
Values-based investing has long been relegated to a back office, the province of predominantly female junior staffers. Now it’s having its moment — and guess what? Men want in. While men...
Unicorns may still have wings, at least in Europe, as record funds were raised last year on rising demand for financial services, satellite and battery startups, fueled by capital from the U.S., Europe and Asia.
U.S. President Donald Trump and top economic policymakers were singing the same tune on the economy by the end of the World Economic Forum in Davos: The global economic picture is looking rosy. Economic...
Europe’s private-equity market remained “robust” last year but the value of the deals done slipped from 2018’s record levels, according to Pitchbook. Almost 3,900 deals were done, down from about 4,000 in 2018, Pitchbook’s...
Tech giants and government officials brought their simmering dispute over the future of cryptocurrency to the World Economic Forum, arguing over whether providing a way for the unbanked to tap into financial services is more important than...
The U.S. isn’t doing enough to combat climate change, Bank of England Governor Mark Carney charged on day two of the World Economic Forum in Davos while President Donald Trump used an impromptu news conference to blast...
The latest fintech opportunity may be in international tourism. With millions more people traveling internationally every year, heavyweight investors including Dan Loeb and Jack Ma are betting big on how much money tourists will...
Visa wants to be everywhere that millennials want to be, and is spending big bucks to land those young, future customers.  Visa’s $5.3 billion purchase of fintech firm Plaid, whose technology enables millennial-friendly payment...
The world’s largest asset manager seems to have gotten the message. BlackRock, criticized by Al Gore and other environmentalists for putting profit above all other concerns, acknowledged today that “climate risk is investment risk”...
Investors’ faith that India would keep building was on display in 2019, even as forecasts project growth to cool even further. Buoyed by a surge in infrastructure-focused deals, private equity investments gained 2.8% to...
U.S. private equity firms raised a record amount of money last year, fueled by investors’ appetite for tech. Don’t expect a repeat this year, Pitchbook says. More than $300 billion was raised in 2019...
Africa’s swift adoption of new technologies is making it one of the world’s fastest-growing tech hubs.  Venture capitalists spent a record $1.3 billion in the continent last year, more than six-fold from five years...
Digital asset management startup YieldStreet’s mission to provide retail investors the opportunity to invest in assets normally reserved for billionaires and institutional investors just got a huge boost.A partnership with Citigroup announced Wednesday will make about $2...
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