investment
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Wall Street’s Biggest Names Are Backing Off Their Climate Commitments
This story was originally published by Grist. You can subscribe to its weekly newsletter here.
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CSIRO: Every Dollar Invested in Research Generates $3.50 in Benefits for Australia
Each dollar invested in research and development (R&D) would earn an average of A$3.50 in economy-wide benefits for Australia, according to evidence compiled in a new report from CSIRO. Many Australians know research and development drives economic growth and improves our well-being and prosperity. However, few could describe the size of the relationship between Australia’s…
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Current Status of WallStreetBets’s GameStop Run: ????????
The current scoreboard on the Reddit meme stock war here. Reddit: 1, Hedge Fund Antagonists: 0. Citron Capital and Melvin Capital — the latter, the main loser in the massive inflation of GameStock prices, thanks to the subreddit WallStreetBets — have reportedly pulled out of their short positions in GameStock. Meaning that the hedge funds…
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The Coronavirus Is Showing Banks That Oil Is A Bad Investment
Banks are finally starting to get it: Fossil fuels ain’t worth it. Just last week, Citigroup joined the wave of banks no longer investing in oil and gas projects in the Arctic. The only major bank in the U.S. that hasn’t committed to this is Bank of America. The economic crisis brought on by the…