Posts tagged Wall Street
House panel probes Labor Department’s leak of revised jobs data to Wall Street firms
September 26, 2024 // The House Committee on Education and Workforce, which is chaired by Rep. Virginia Foxx (R-NC), sent a letter early Wednesday morning to the acting secretary of the Labor Department, Julie Su, asking for more information on the botched release of the revised data. “At best, BLS’s botched release of the job numbers caused significant uncertainty and confusion and undermined confidence in the data,” the committee’s letter to Su read.
The rise and fall of ESG investing
November 9, 2023 // Ideologically aligned investments are risky. Fink and others now seem to understand that. There’s a role for ESG investing if people want it, with the risks and realities clearly explained up front. As the conversation moves forward on rulemaking, regulation and what the law should be, the fiduciary responsibility that money managers have to their clients to produce the greatest possible return on investment must remain the paramount consideration.
Commentary: The Left and their Union Masters
June 27, 2023 // Since Janus, government employee unions have lost nearly 800,000 members, taking with them billions in dues revenue that can never again be used to fund a machine that suppresses the rights of its own members in order to advance policies that rob the rest of us our God-given freedoms.
FedEx Announces Company Restructure As Pilots Picket
April 6, 2023 // FedEx Corporation will consolidate its operating companies into one unified organization, “Federal Express Corporation,” a restructuring it says will help streamline operations and enable a distinct focus on air and international volume. FedEx called the consolidation an important step in its “DRIVE” transformation, which seeks to reduce costs to the tune of $4 billion by the end of fiscal 2025, including $1.3 billion in its air network and international operations. The company’s April 5 investor call announcing the changes came as FedEx Express pilots picketed on Wall Street over continued contract negotiations that began in May 2021. As part of the executive changes effective April 16, FedEx Ground President and CEO John Smith will become president and CEO of U.S. and Canada Ground Operations at FedEx Express and assume leadership of surface operations across the FedEx Express, FedEx Ground, and FedEx Freight businesses. Additionally, Richard Smith will begin serving as president and CEO, Airline and International at FedEx Express, overseeing all other regions and FedEx Logistics.
Unions look to crack into video game industry
May 26, 2022 // Voting was conducted by mail over the better part of the past month, and ballots were due back by Friday. The potential unit is pretty small — approximately 21 workers — and just a fraction of the Wisconsin-based studio’s workforce.
Opinion: A new GOP bill would give workers an alternative to unions. Republicans should get behind it.
February 4, 2022 // The proposal — called the Teamwork for Employees and Managers Act, or Team Act — aims to address one of the major problems with the modern U.S. economy: the lack of employee voice within a business.