Months of speculation will finally end on Wednesday when the Securities and Exchange Commission votes on a much-debated climate disclosure rule. If adopted, this rule would require companies to disclose greenhouse gas emissions, which is already a requirement in other economies, including the European Union and China. The offering will help inform investors of any climate-related or energy transition risks faced by publicly traded companies. As more consumers and regulators pressure companies to track and disclose their carbon footprints, a wave of startups has emerged specializing in tackling the problem. Depending on how far the SEC takes the proposed climate…
Author: ricardofrancois
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.Bitcoin traded as high as $69,200 on Tuesday, briefly setting a new all-time record for the world's largest cryptocurrency before pulling back.The price has risen since US regulators in January approved spot bitcoin exchange-traded funds issued by Wall Street firms including Fidelity and BlackRock, the world's largest asset manager.The new wave of capital has generated gains of more than 60 percent since the beginning of the year and helped push the major cryptocurrency token into uncharted territory, surpassing the record set in…
The UK Conservative Party has traditionally prided itself on being strong pro-business. But ahead of Chancellor Jeremy Hunt's budget on Wednesday, small business managers expressed concern about rising costs – including interest rates – an impending rise in the living wage, a shortage of skilled workers and difficulty accessing tax breaks aimed at fueling investment. The frustration felt by business leaders was evident last week when Stephen Phipson, chairman of manufacturers group Make UK, called for “political and political stability”. “Five prime ministers in eight years and 15 business ministers in 15 years is not a recipe for achieving this,”…
Republican presidential candidate and former US President Donald Trump speaks during a Fox News town hall at the Greenville Convention Center in Greenville, South Carolina, on February 20, 2024.Justin Sullivan | Getty ImagesDonald Trump is racing to avoid a pair of civil penalties totaling about $540 million, without having to pay the full amounts in cash or bonds.The former president's lawyers claim he would face “irreparable” harm if he were required to fully secure his judgments in order to prevent them from vesting, and he may even be forced to sell properties that cannot be quickly repurchased.They also say Trump…
Sergey Brin, Chairman of Alphabet and Co-Founder of GoogleDavid Paul Morris | Bloomberg | Getty ImagesGoogle Co-founder Sergey Brin, in a rare public appearance over the weekend, told a group of AI enthusiasts that he was coming out of retirement “because the path of AI is so exciting.”Brin, 50, spoke to entrepreneurs on Saturday at AGI House in Hillsboro, California, just south of San Francisco, where developers and founders were testing Google's Gemini model. AGI stands for Artificial General Intelligence and refers to a form of artificial intelligence that can complete tasks at the same level as humans or a…
Users of Meta's Facebook, Instagram, Threads, and Messenger platforms are experiencing login issues in what appears to be a widespread outage.Internet traffic monitor Down Detector reported widespread outages on several Meta platforms on Tuesday. These issues are being reported around the world, suggesting that the outage may be global. Four Meta platforms — Facebook, Instagram, Messenger and Threads — “are currently experiencing outages related to login sessions in multiple countries,” London-based internet monitoring company Netblocks said on X. But the company, which advocates for internet freedom, said there was no indication of “nationwide internet outages or blockages”, which are usually…
Stay informed with free updatesSimply sign up for company earnings and results to myFT Digest – delivered straight to your inbox.There has been so much talk of “predatory inflation” in the United States that it is no longer controversial to discuss systemically important prices. US corporate profitability remains fairly high today, and could rise further this year. Goldman Sachs economists expect non-financial corporate profit margins to rise slightly this year, overall, to 16.3 percent. However, they don't think this will change inflation much. Not a word calls into question the “efficiency of capitalism,” even with margins well above those supposedly…
2024 Dodge Charger Daytona Scat Pack EVevadeDETROIT – Dodge won't give up on owners of traditional gearhead and high-octane Chargers and Challengers with its next-generation muscle car.The automaker on Tuesday unveiled the new Dodge Charger as an all-electric vehicle as well as a next-generation gas-powered muscle car. It will be Dodge's first all-electric vehicle.The conventional vehicle has been in question since late 2022, when Dodge said production of the old trucks and Challenger would stop at the end of last year. At the time, the company said an electric vehicle would replace it, and declined to discuss the possibility of…
Open Editor's Digest for freeRula Khalaf, editor of the Financial Times, picks her favorite stories in this weekly newsletter.In 1959, Jack Kerouac was asked how long it took him to write on the road. “Three weeks,” Jill’s voice answered the house.This doesn't seem like a clear example of a man taking his time. Yet Kerouac is mentioned in Slow Productivity, the latest book by productivity expert Cal Newport, because his work highlights the reality behind self-myths. Kerouac may have written his first draft in a flurry of activity, but he then spent another six years working on it.This reframing and…
Leah Grossman had been having trouble with her homeowners association, but the 48-year-old West Hollywood resident said she never thought a member of her board would paint what appeared to be a swastika on her property so late at night. The incident was captured on video, Grossman said, when one of her neighbors, then a member of the association's board of directors, walked to her front door, pulled down a black marker, and drew a symbol on a soda can. I left outside her door.“I was very shaken,” Grossman, who is Jewish, told the Times. “This panic just came over…