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How the ‘woke capitalist’ gravy train shuddered to a halt

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McKinsey stated in 2019 that 90% of America’s 500 largest companies are now preparing an ESG report – reams of paper meant to prove that the companies are saving society and the planet. Consultants and analysts also spend a lot of time arguing that ESG is a more profitable way to invest. In a series … Read more

European Central Bank on track for first interest rate cut since 2019: live updates

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Sun Jun 2, 2024 7:29 PM EDT CNBC Pro: Profits at these five global banks will remain high despite an ECB rate cut, Berenberg says Despite a rate cut expected this week, profits at a handful of major European banks will remain robust, according to Berenberg. One of the lender’s shares could rise more than … Read more