April 17, 2021


Business this week | The Economist

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American banks had a bumper first quarter, with profits and revenues beating analysts’ expectations. They were helped by frenzied market activity, such as the surge in special purpose acquisition companies (SPACs) and retail investing. And, thanks to America’s recovering economy, some banks were able to release funds that had been set aside to cover bad loans. JPMorganChaseand Goldman Sachs both reported record revenues. Returns on tangible common equity, a measure which compares profits

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The GOP-Big Business Divorce Goes Deeper Than You Think

POLITICO’s Holly Otterbein reports on how Pennsylvania Lt. Gov. John Fetterman’s Senate run has become an inflection point in the Democratic party. Plus, Speaker Nancy Pelosi says she won’t bring progressive “court packing” legislation to the floor. And House Minority Leader McCarthy meets with scandal-ridden Rep. Matt Gaetz.

Most of the CEOs on the call were Republicans; Sonnenfeld himself has been an informal adviser to Republican and Democratic presidents, but he has a longstanding relationship with McConnell, and spoke at the senator’s wedding to Elaine Chao. The CEOs “ranged from amused to outraged” in their reaction to the GOP attacks

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Business Leaders Unite To Oppose Voting Restrictions

Major corporations, law firms, executives, nonprofits, and celebrities signed a new statement opposing voting restrictions in a two-page advertisement placed in The New York Times and The Washington Post on Wednesday.  Voting rights advocates and civil rights groups argue that the voting legislation advanced by Republicans in several states restricts ballot access and disproportionately affects voters of color. Amazon, Google, Apple, Blackrock, and Starbucks were among the corporations that signed

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How Rebecca Minkoff Runs Her Business Fearlessly

Chances are, you might have a handbag or piece of apparel designed by Rebecca Minkoff. There’s no doubt that Rebecca Minkoff has grown her business and turned it into a household name. And the current economic conditions have negatively affected the sales of her business. Still, Minkoff chooses to plow her way through the challenges like the finessed and seasoned entrepreneur that she is.

Founder of Rebecca Minkoff, an industry leader in accessible luxury handbags, accessories, footwear and apparel, Minkoff has partnered with Capital One and Small Unites to educate consumers on the importance of supporting small businesses, especially

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Business leaders urge Biden to set ambitious climate goal

WASHINGTON (AP) — More than 300 businesses and investors, including such giants as Apple, Google, Microsoft and Coca-Cola, are calling on the Biden administration to set an ambitious climate change goal that would cut U.S. greenhouse gas emissions by at least 50% below 2005 levels by 2030.

The target would nearly double the nation’s previous commitment and require dramatic changes in the power, transportation and other sectors. President Joe Biden is considering options for expected carbon reductions by 2030 ahead of a virtual climate summit the United States is hosting later this month.

The so-called Nationally Determined Contribution is a

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Is Palantir Technologies (PLTR) Outperforming Other Business Services Stocks This Year?

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Palantir Technologies (PLTR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of PLTR and the rest of the Business Services group’s stocks.

Palantir Technologies is one of 222 companies in the Business Services group. The Business Services group currently sits at #10 within the Zacks Sector Rank. The Zacks

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