The many flavors of Ben & Jerry’s corporate activism
Ben & Jerry’s, the iconic ice cream brand known for its social activism, filed a lawsuit on Wednesday against its parent company, Unilever, accusing the consumer goods giant of censorship…
Economy
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Venezuelan bolívar loses 24% against the dollar in one year: here’s why
The Venezuelan bolívar has lost 24% of its value against the US dollar over the past year, exacerbating the country’s ongoing economic struggles. In the last eight weeks alone, the…
Can’t afford a home? Maybe your parents can
The American dream of homeownership is increasingly tied to inherited wealth, as a record number of first-time buyers rely on inheritances to navigate a historically challenging housing market. Skyrocketing prices,…
Dollar dominates as Powell’s hawkish stance fuels market jitters
The US dollar stands tall, poised for its most significant weekly gain in months, buoyed by hawkish commentary from Federal Reserve Chair Jerome Powell that sent tremors through global markets.…
CLSA shifts focus from China to India amid Trump’s return and economic challenges
Global brokerage CLSA has made a significant pivot in its investment strategy, moving back to Indian equities while reducing exposure to China. . The reversal marks a significant move for…
Gold set for worst week since 2021; copper market braces for further losses
Gold prices were flat on Thursday, but were on course for its worst weekly performance since 2021. Hot US inflation and dovish signals from the Federal Reserve cast doubts over…
China opens Chancay port in Peru, boosting influence in Latin America
China is set to strengthen its position in Latin America with the official opening of the first phase of the Chancay port project, located 70 kilometers north of Lima. This…
Brazil’s economic activity jumps in September, led by service sector growth
Brazil’s economic activity showed momentum in September, with the IBC-Br Index rising by 0.8%, according to data from the Banco Central do Brasil. This marks an acceleration from the 0.2%…
Fed Chair Powell says current economy shows no urgency for rate cuts
Federal Reserve Chairman Jerome Powell expressed on Thursday that the robust state of the US economy allows for a patient approach in determining the timing and extent of future interest…
US stocks fall as post-election momentum begins to fade; Disney and Tapestry shares surge
US stocks fell on Thursday as investors sought to regain the postelection momentum that had previously driven major indexes to record highs. The Dow Jones Industrial Average dropped 165 points,…