industrial news

Cathie Wood has a simple response to Tesla’s exit from the S&P 500 ESG: ‘ridiculous’

Cathy Wood wasn’t happy to dismiss one of her most famous investments, Tesla Inc. , from a prominent index that tracks environmentally and socially friendly companies. “Silly,” Wood was terse in response to the news that the S&P 500 ESG had brought down electric car maker Elon Musk’s Tesla TSLA, -6.80% of its lineup, as …

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‘Nowhere to hide?’ Why stagflation fears are putting stocks on the verge of entering a bear market

It will take more than Friday’s big bounce to quell fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to control inflation without flooding the economy raises fears of stagflation – a pernicious combination of slow economic growth and persistent inflation. Recessive inflation is a “horrific environment” for investors, said …

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‘It’s pure panic’: Parents of twins in Florida spent more than 4 hours driving to find baby formula

When Eric and Kelly Schmidt, both 35, went to the Central Florida Target this week to buy regular baby formula, Up & Up Gentle, for their five-month-old twins, they found an empty shelf. Then the couple embarked on a half-day trek in search of formula, and any formula, and their quest didn’t end there. “We …

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CDC study highlights how quickly the omicron variant is infecting Americans, WHO warns testing remains crucial

A report from the Centers for Disease Control and Prevention highlights how many Americans have contracted COVID-19, and how dramatically the number has increased since the arrival of the highly contagious omicron variant late last year. The report published on Tuesday found the number of cases was particularly striking in children, with three out of …

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