Business News
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What CEOs are really saying when they lash out against ‘woke’ America
This week, when BlackRock CEO Larry Fink defended his firm’s efforts to hold companies accountable for their environmental and social impact, he included a nod to his critics who’ve accused him of forcing a liberal agenda on businesses. “It is not a social or ideological agenda,” he wrote in his closely watched annual letter to clients. “It is not ‘woke.’ It is capitalism.” Translation: Don’t be angered by this do-gooder approach, Wall Street — this is just what’s good for business. To be sure, Fink, whose firm has more than $10 trillion in assets under management, isn’t wrong: Studies show
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Microsoft to Buy Activision Blizzard for Nearly $70 Billion
SEATTLE — Microsoft plans to buy the powerhouse but troubled video game company Activision Blizzard for nearly $70 billion, its biggest deal ever and one that places a major bet that people will be spending more and more time in the digital world. The blockbuster acquisition, announced on Tuesday, would catapult the company into a leading spot in the $175 billion gaming industry. Games on virtually every kind of device, from bulky consoles to smartphones, have gained even greater popularity during the pandemic. Technology companies are swarming around the industry, looking for a bigger share of attention and money from
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MLK Jr. Day 2022: What’s open and closed
The national holiday observes the birthday of civil rights leader Reverend Martin Luther King Jr.,who won the Nobel Peace Prize in 1964. He was assassinated four years later. You can expect government agencies, banks and some retailers and corporate offices to be closed. Postal services United States Postal service will be closed on Monday, so there will be deliveries of US residential or business mail, unless it was sent Priority Mail Express. Other delivery services will be open, including UPS and FedEx albeit with modified service for FedEx Express and FedEx Ground Economy. Retail Big retailers like Target, Walmart, Costco,
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Supreme Court blocks Biden OSHA vaccine mandate, allows rule for health care workers
Check out what’s clicking on FoxBusiness.com. The Supreme Court on Thursday issued mixed rulings in a pair of cases challenging Biden administration COVID-19 vaccine mandates, allowing the requirement for certain health care workers to go into effect while blocking enforcement of a mandate for businesses with 100 or more employees. The latter, an Occupational Safety and Health Administration rule that took effect on Monday, said that businesses with at least 100 employees needed to require workers to get vaccinated, or get tested weekly and wear a mask. PROGRESSIVES SCOLD SUPREME COURT FOR POSSIBLY STRIKING DOWN BIDEN’S VACCINE MANDATES: ‘VERY WRONG’
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Business News for Jan. 10, 2022
ImageRichard Clarida at a conference in Wyoming in 2019. His updated financial disclosures drew widespread media coverage and lawmaker attention.Credit…Jonathan Crosby/Reuters Richard H. Clarida, the Federal Reserve’s vice chair, announced on Monday that he would resign from his position two weeks earlier than planned. While he did not give a reason, he had faced renewed scrutiny about trades he made in 2020 as the central bank was poised to rescue financial markets. “With my statutory term as governor due to expire on Jan. 31, 2022, I am writing to inform you that it is my intention to
