ExxonMobil's ongoing litigation against two investors over a shareholder proposal is the latest attempt to politicize climate change's risk to businesses.
Why it matters: With culture wars burning hot, successfully leveraging the "E" and the "S" of environmental and social governance enables opponents of the investing philosophy to get that much closer to doing the same with the "G".
President Biden vetoed legislation that struck down the Securities and Exchange Commission's special rules for custodians of crypto assets, as expected.
Why it matters: The SEC policy could be a major impediment to traditional financial companies offering services that involved holding onto customers' cryptocurrency.
Inflation resumed its downward path in April — if ever so slightly — and the white-hot consumer looks to be no more.
Why it matters: Should that continue, it might mean the U.S. economy is back on track for a gradual inflation cooldown even if the process is bumpier than initially thought.
Vista Equity Partners has written off the entire equity value of its investment in tech learning platform Pluralsight, three years after taking it private for $3.5 billion, Axios has learned.
Why it matters: This isan example of leverage catching up with a leveraged buyout.
Former President Trump's social media companybegan preparing for a legal loss like Thursday's conviction long before he had even been indicted.
Behind the scenes: In its October 2021 merger agreement with a blank-check company, Truth Social's parent company identified two "material disruptive events," one of which was a felony conviction.
The Federal Reserve's go-to inflation gauge ticked down in April as consumers pulled back on spending, the Commerce Department said Friday.
Why it matters: The data is welcome news after a months-long stretch where inflation by this measure hadn't budged. Even so, prices across a slew of goods and services are still rising too quickly for the central bank's comfort.
For a while there, it looked as though legislators in New York State might be about to upend the world of sovereign debt. Now, a decidedly sensible compromise seems to be the most likely outcome.
Why it matters: Legislators have been talking aggressively about how they want to crack down on vulture funds. A bill introduced last week targets just those funds — while leaving the broader market structure unscathed.
Pending home sales fell to the lowest level in four years in April — the worst reading since the height of the pandemic lockdown.
Why it matters: Spring homebuying season is looking like a serious slump — it's the second-lowest reading since the National Association of Realtors started tracking the data in 2001.
