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ESG Investing Is A Billion Dollar Sham Industry

Apparently millennial investors like me have different values from those of previous generations. These values have been Acronym’d by the financial industry into ESG (Environmental, Social and Governance). The premise of ESG is that investors want to put their money into green energy, ‘clean technology’ and socially responsible companies, and so a billion-dollar industry has …

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The ‘writing is on the wall’ for ‘Chimerica’ on U.S. stock exchanges as $318 billion of Chinese equity flees Wall Street

For months, federal regulators have increased pressure on Beijing and Chinese companies that trade on U.S. stock exchanges to comply with American listing rules.  But on Friday, five of China’s biggest U.S.-listed, state-owned giants, valued at a collective $318 billion, announced they would exit Wall Street instead, marking an acceleration in the U.S.-China financial decoupling.  …

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Rivian lost $1.7 billion in three months. Here’s why that may not be a problem

Huge losses are to be expected when a new automaker grows. Building millions of vehicles requires investing billions in equipment and employees. Entire factories need to be outfitted from scratch. Supply chains laid out. Engineers need time and money to develop vehicles and everything they need, from propulsion to suspension to brakes, from the ground …

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A drilled hole with tridymite powder on Mars

Mysterious mineral on Mars was spat out by an explosive eruption 3 billion years ago

Silver-colored dust drilled from a rock by NASA’s Curiosity rover on July 30, 2015. Analysis of the dust revealed it contained the mineral tridymite, which was very unexpected. (Image credit: NASA/JPL-Caltech/MSSS) (opens in new tab) A mysterious Martian mineral that has perplexed scientists since its discovery seven years ago may have been spat out during …

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Elon Musk sells nearly $7 billion in Tesla shares to finance his Twitter deal.

Elon Musk, the chief executive of the electric vehicle maker Tesla, has sold about $7 billion worth of the company’s stock, a move he said on Twitter was an effort to raise cash in case he was forced to complete his $44 billion deal to acquire Twitter. The sale of 7.92 million Tesla shares started …

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Micron to invest $40 billion in US memory manufacturing through end of decade

President Biden delivers remarks and signs the CHIPS and Science Act of 2022 into law. Micron Technology will invest $40 billion through the end of the decade to help build out memory manufacturing in the United States.  The investment is expected to result in 40,000 new American jobs, including approximately 5,000 high-paying technical and operational …

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Warren Buffett BRKA BRKB Berkshire Hathaway Motley Fool5

The Off-the-Radar Stock Warren Buffett Has Bought $62 Billion of in 4 Years | The Motley Fool

When Berkshire Hathaway (BRK.A -0.08%) (BRK.B 0.09%) CEO Warren Buffett makes a move, Wall Street wisely pays attention. That’s because in his more than 57 years at the helm of Berkshire Hathaway, he’s led his company’s Class A shares (BRK.A) to a greater than 3,600,000% return and outperformed the benchmark S&P 500 by a factor …

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Canoo Q2 2022 report: $1 billion in sales pipeline, but only $33.8 million in cash left

American EV startup Canoo shared its latest report outlining its results for Q2 of 2022 as it continues to fight to stay out of the red in a race toward production. Canoo is now reporting another big loss for the quarter. And, although it has $1 billion in its sales pipeline, only a minority percentage …

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