New York Times (January 20)
“The money flowing out of funds that invest in companies with environmental, social and governance principles has gone from a trickle to a torrent as investors sour on a sector hit by green-washing concerns, red-state boycotts and boardroom debates.” The phrase ESG “has become increasingly politicized” and has even “been scrubbed from the World Economic Forum’s official program in Davos, Switzerland, after being on the agenda in previous years.”
Tags: Boardroom debates, Boycotts, Davos, ESG, Funds, Green-washing, Invest, Investors, Money, Outflows, Politicized, Red state, Scrubbed, Sour, Torrent
Wall Street Journal (September 24)
“America’s billionaires love Japanese stocks. Why don’t the Japanese?” Despite enthusiasm from overseas, “there are few signs its estimated 125 million residents share in the excitement. Burned by dismal returns since the bursting of Japan’s asset bubble in the late 1980s and early 1990s, generations of families here have stashed most of their money in low-yielding savings accounts rather than trying to increase their wealth through the stock market.”
Tags: 1980s, 1990s, Asset bubble, Billionaires, Dismal returns, Enthusiasm, Excitement, Japan, Low-yielding, Money, Overseas, Residents, Savings accounts, Stashed, Stock market, Stocks, U.S.
Institutional Investor (July 7)
“Large alternative asset managers… have emerged as unlikely leaders of the clean-energy movement. The big alts firms have convinced investors that the transition to a low-carbon era depends on a willingness to plow money into the fossil-fuel companies with some of the worst ESG ratings — and then use part of the profits to transform those polluters into founts of green energy.”
Tags: Alternative asset managers, Big alts, Clean-energy movement, ESG ratings, Fossil fuel, Investors, Low-carbon era, Money, Polluters, Profits, Transition, Unlikely leaders, Willingness
Wall Street Journal (May 27)
“America’s travel resurgence is finally here… Despite worries over persistent inflation, banking-sector woes and the debt-ceiling standoff, people are probably going to be spending a lot of time, and money, on trips. This should provide some support for the economy in the months ahead.”
Tags: Banking sector, Debt-ceiling standoff, Economy, Money, Persistent inflation, Resurgence, Spending, Support, Time, Travel, Trips, U.S., Woes, Worries
American Banker (January 10)
“When depositors began pulling money out of Silvergate Capital Corp. following the collapse of the cryptocurrency exchange FTX, the California bank shored up its liquidity by tapping a quasi-government agency not typically known as a lender of last resort.” The $4.3 billion lifeline that “Silvergate got from the Home Loan Bank System shows one way in which the crypto industry has managed to find its way into the mainstream banking system.”
Tags: $4.3 billion, Bank, California, Cryptocurrency exchange, Depositors, FTX, Home Loan Bank System, Lender of last resort, Lifeline, Liquidity, Money, Silvergate Capital. Collapse
CNBC (September 24)
“The airline race for a breakthrough fuel to cut one billion tons of carbon is just starting.” As a result of the Inflation Reduction Act, “more investor money is expected to flow into green hydrogen… with climate analysts describing the tax credits as being a huge driver for sustainable aviation fuels because science aside, the biggest challenge with scaling up these operations and SAF production has been the financial incentive.”
Tags: Airline, Breakthrough, Carbon, Climate analysts, Driver, Fuel, Green hydrogen, Inflation Reduction Act, Investor, Money, Race, SAF, Scaling up, Tax credits
Wall Street Journal (May 24)
A “candid presentation” last week on “Why investors need not worry about climate risk” created an uproar, for which Stuart Kirk has been suspended as HSBC’s global head of responsible investing. At the WSJ, “we understand why banking regulators and businesses that hope to make money off the coming tidal wave of climate regulation might be offended by his truth-telling. But he merely said what many in his industry believe but are too timid to say: Climate change poses a negligible risk to the global economy and bank balance sheets.”
Tags: Banking regulators, Banks, Businesses, Candid, Climate change, Climate regulation, Climate risk, Global economy, HSBC, Investors, Kirk, Money, Negligible risk, Offended, Presentation, Responsible investing, Suspended, Tidal wave, Timid, Truth-telling, Uproar
Bloomberg (May 24)
“For decades, the surest way for ordinary Chinese families to grow their wealth and guarantee future financial stability was to put most of their money into real estate, and the rest into the stock market. Now, even those with money to spare are clutching onto their cash, not willing to take a chance in the Covid-battered Chinese economy.”
Tags: Battered, Cash, Chance, China, Clutching, Covid, Families, Financial stability, Future, Guarantee, Money, Ordinary, Real estate, Spare, Stock market, Wealth
New York Times (May 21)
“The euro hasn’t fallen below the one-to-one exchange rate with the U.S. dollar for two decades. But as economic risks grow, more analysts predict deeper lows for the shared currency.” The U.S. currency is considered one of the safest havens “for money as the risk of stagflation — an unhealthy mix of stagnant economic growth and rapid inflation — stalks the globe.”
Tags: Analysts, Currency, Dollar, Economic risks, euro, Exchange rate, Growth, Havens, Money, Stagflation, Stagnant, U.S., Unhealthy
Boston Globe (January 31)
“It’s almost as if Massachusetts has too many biotechs.” With a “surplus of startups,” reflecting “investors’ desire to pour more money into the world’s leading biotech hub,” the pipeline of qualified workers simply “can’t keep up with the burgeoning demand.” The talent shortage may “inhibit growth” and could “affect the quality of work.”
Tags: Biotech hub, Burgeoning, Demand, Growth, Investors, Leading, Massachusetts, Money, Pipeline, Qualified, Shortage, Startups, Surplus, Talent, Workers