US lawmakers subpoenaed The Vanguard Group and Arjuna Capital in a probe into suspected collusion by investment firms promoting ESG (Environment, Social, and Corporate Governance) initiatives. Impact Shares CEO Ethan Powell sits down in-studio with Yahoo Finance Live to discuss how certain members of Congress are viewing the rise in ESG investing and what it means for investors at large. "This is really an extension of what historically has been a fight in the executive branch, which is typically driven by the Department of Labor and their definition of fiduciary duty, and whether or not ESG is consistent with fiduciary duties," Powell states. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
US lawmakers subpoenaed The Vanguard Group and Arjuna Capital in a probe into suspected collusion by investment firms promoting ESG (Environment, Social, and Corporate Governance) initiatives.
Impact Shares CEO Ethan Powell sits down in-studio with Yahoo Finance Live to discuss how certain members of Congress are viewing the rise in ESG investing and what it means for investors at large.
"This is really an extension of what historically has been a fight in the executive branch, which is typically driven by the Department of Labor and their definition of fiduciary duty, and whether or not ESG is consistent with fiduciary duties," Powell states.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Reuters
An upcoming U.S. stock options expiration that is set to be the largest on record is tamping down market swings, potentially counterbalancing any gyrations stirred by the Federal Reserve's monetary policy announcement on Wednesday. Some $5 trillion in U.S. stock options are set to expire on Friday, according to Asym500 MRA Institutional, a unit of derivatives strategy and execution firm Macro Risk Advisors. While such events can exacerbate volatility, strategists say this week's expiration is likely to keep stock swings muted and may be one reason equities have traded in a tight range over the last few weeks.
TipRanks
Driven by the enthusiasm for all things AI, the semiconductor sector has outperformed the broader markets this year, with the SOX (the Philadelphia Semiconductor Index) – the sector’s barometer for overall performance – up by 49% year-to-date. The gains have come against a difficult backdrop and an inventory correction that has continued to play out on the device side. Yet, Morgan Stanley analyst Joseph Moore believes that as the inventory correction runs its course over the coming months, the f
Benzinga
Renowned investor and business magnate Warren Buffett has long been a vocal participant in discussions surrounding economic and fiscal matters. In a 2001 interview with Becky Quick on CNBC, Buffett introduced a bold strategy aimed at addressing the enduring challenge of America’s deficit. Buffett’s proposal revolves around making Congress accountable for deficit decisions. He suggests passing a law stipulating that if the deficit exceeds 3% of gross domestic product (GDP), all incumbent members
Barrons.com
Historically, the Dogs of the Dow strategy has worked pretty well but the canines have gotten lazy lately. Through trading on Dec. 11, the Dogs have returned just 7.1% this year, trailing the 21.8% return of the S&P 500. The three Dogs with the strongest support on Wall Street heading into 2024 are Coca-Cola, Goldman Sachs, and Chevron.
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