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Ark Invest’s founder, CEO and CIO Cathie Wood said on Tuesday (June 28) that the United States is already in a recession. “We think we are in a recession,” the innovation-focused 66 year-old investor told CNBC. “We think a big problem out there is inventories… the increase of which I’ve never seen this large in my career. I’ve been around for 45

French virologist Luc Montagnier, the discoverer of HIV, has passed away at age 89. Montagnier, who won a Nobel Prize in 2008, died Tuesday (Feb. 8) at the American Hospital of Paris in Neuilly-sur-Seine, a western suburb of the capital, local government officials in France said. Dr. Montagnier, led the team that in 1983 identified the human immunodeficiency virus (HIV), which causes

Mr. Refaat Mohammed Alabbar, Deputy Minister of Oil & Gas for Productions Affairs at the Government of National Unity in Libya, gave recently a media interview covering a variety of topics. In the context of the current crisis in the world and in Libya, as well as the opportunities rising due to the increase in the price of crude oil, he stated

High-profile economist Arvind Subramanian is warning about the risks associated with large-scale ESG and climate financing. In a commentary for Project Syndicate on Jan.3, the former chief economic adviser to the Indian government, argues that private climate finance is posing serious risks to global markets and the world needs to wake up to the danger as it could be the next financial

The world’s biggest sovereign wealth funds (SWFs) are yet to show a proper commitment to ESG as their investments in Renewable Energy are still “inadequate and minuscule” according to the latest report by Global SWF. The financial boutique focused on State-Owned Investors, including Sovereign Wealth Funds (SWFs) and Public Pension Funds (PPFs), calculates that today SWFs have invested in renewable energy US$

JPMorgan Chase, the largest lender in the U.S., has begun preparing for the possibility of the country defaulting on its debt, the bank’s president and CEO Jamie Dimon told Reuters on Tuesday (Sept. 28). “This is like the third time we’ve had to do this, it is a potentially catastrophic event,” he said in an interview with the news agency. “Every single

One of America’s leading consumer trend-watchers and analysts, Phil Lempert, warns that price spikes for food are here to stay and shoppers shouldn’t expect relief any time soon. “We’re going to continue to see price increases, probably for the next two years or so,” the founder of SupermarketGuru.com told Fortune on Thursday (August 12). Prices that Americans pay for everyday goods and services rose last month,