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Why S&P Booted Tesla From its ESG Index

by The Wealth Advisor Contributor
S&P Dow Jones Indices has removed electric-vehicle giant Tesla (TSLA) from its sustainability benchmark as part of index’s fourth annual rebalance.

Featured

Worst of Treasuries Rout Is Over For Now, JPMorgan Asset Says

The worst of the selloff bulldozing the world’s biggest bond market is likely over for now, according to JPMorgan Asset Management.

Musk Loses $12 Billion in a Day as He Tweets Politics, Slams ESG

Musk day on Twitter Inc., announcing political switch from Democrat to Republican, trashing ESG and replying to several users of social-media website.

Global Market Downturn Only Just Beginning for Some Strategists

Selloff in global risk-assets against a backdrop of surging inflation and slowing growth is only getting started, some market participants believe.

Recent

Cloud-Based Wealth Tech

Why Big Tech’s Approach Doesn’t Apply to Global Finance

There’s a certain allure to the technology industry that’s impossible to ignore.

Cloud-Based Wealth Tech

Small Businesses Under Fire From Password Stealers

Kaspersky researchers tracked notable increases in password-stealing Trojans, RDP attacks and other cyber threats against small businesses.

Washington Wire

Fed’s George Says ‘Rough’ Market Won’t Alter Rate Hike Plan

Fed raised interest rates by 50 basis points this month and Chair J. Powell signaled on track to make similar-sized moves at June and July meeting.

Commentaries

Cathie Wood Says ‘Exploding’ Inventories May Augur Weaker Prices

Cathie Wood says “exploding” inventories at major retailers paired with declining US consumer sentiment portend slower inflation on the horizon.

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Jamie Dimon Dealt Rare Blow as JPMorgan Holders Reject Pay Plan

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Morgan Stanley’s Wilson Sees S&P 500 Losses After Bear Rally

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'Not Your Parents' Retirement:' Boomers and Gen X Redefine Their Golden Years

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Wall Street’s Most Bearish 2022 Forecast was Bullish. It Always Was.

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Wall Street Warns Market Liquidity Is Getting as Bad as 2020

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