Presidential candidate Pete Buttigieg isn't talking about his three years working for controversial consulting firm McKinsey & Co., due to a nondisclosure agreement that the firm refuses to lift. Dan digs in with the L.A. Times' Matt Pearce.
Presidential candidate Pete Buttigieg isn't talking about his three years working for controversial consulting firm McKinsey & Co., due to a nondisclosure agreement that the firm refuses to lift. Dan digs in with the L.A. Times' Matt Pearce.
The gap between the weighting of the five largest companies in the S&P 500 and the 300 smallest rose to the highest ever at the end of August, according to data from the Leuthold Group.
Why it matters: The concentration of wealth in a few massive U.S. tech companies has reached a scale significantly greater than it was before the dot-com bubble burst.
Big businesses continue to push funding toward fighting inequality and racism, with the 100 largest U.S. companies' monetary commitments rising to $3.33 billion since the death of George Floyd at the hands of Minneapolis police earlier this year, according to an Axios analysis.
Why it matters: The continued pace of funding commitments shows that months after Floyd's death there remains pressure for the wealthiest corporations to put their money behind social issues and efforts.
Illustration: Sarah Grillo/Axios
Six years after the "Big Three" broke up, the Heat are back in the NBA Finals, where they will face the Lakers and LeBron James, the man who brought them to four straight last decade.
The state of play: For the first time in NBA history, both finalists didn't make the playoffs in the prior season.
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