business

Hall of Fame Quarterback Joe Montana Leads $75 Million Investment in Cannabis Company

(TMU) — Last week, former football star Joe Montana announced a massive investment in Calvia, a California-based cannabis business. Montana is among an unspecified number of investors who are putting forward a total of $75 million to help grow the already thriving company. Montana says he believes in the healing properties of the plant that it […]

Saudi Ritz-Carlton Purge “Creative and Efficient,” Says Morgan Stanley Boss

(MEE) — The detention of scores of Saudi royals and businessmen in Riyadh’s Ritz-Carlton, where some were reportedly tortured, may be one of the most creative and efficient ways of tackling corruption, Morgan Stanley’s James Gorman said on Thursday. Speaking on a panel at the World Economic Forum in Davos, Gorman, CEO and chairman of the […]

NPR Infomercial for Its Sponsor Amazon Omits Labor and Environmental Criticisms

(FAIR) — There are dozens of reports detailing how Amazon’s shipping policies negatively effects both the environment and workers, but one wouldn’t have any idea either was a concern after  listening to NPR’s sexed-up report (Morning Edition, 11/21/18), “Optimized Prime: How AI and Anticipation Power Amazon’s 1-Hour Deliveries.” The report, detailing the “Artificial Intelligence” behind Amazon’s delivery systems, relies entirely on interviews with Amazon flacks. The […]

Airbnb Ends West Bank Settlement Listings, Causing Uproar in Israel

(MEE) — Home rental company Airbnb has announced it plans to remove listings in Israeli settlements in the occupied West Bank, a move that comes after several years of pressure from Palestinian human rights groups. The US-based company said it currently has about 200 listings in Israeli settlements in the West Bank and made its decision after […]

Global Banking Stocks Are Crashing Hard – Just like They Did in 2008

(ZHE) “Fortress balance sheets?”…  “It’s different this time”… “Greatest economy ever.” If all of that is true, then why are the stocks of the most systemically important banks in the world collapsing? And the banking collapse is leading global stocks lower – probably not coincidentally as global central bank balance sheets contract… As The Economic Collapse blog’s […]

US Companies Back Out of Saudi Events as Tensions Mount

(ANTIWAR.COM) — Cash-rich oil exporter Saudi Arabia is always a sure thing for US companies. The recent controversy surrounding journalist Jamal Khashoggi’s disappearance and apparent murder, along with rising international tensions, has many companies rethinking that. An upcoming investment conference in Saudi Arabia is losing participants left and right. JP Morgan Chase, Ford, Mastercard, and Blackrock have all […]

‘This Is a Scam’: ExxonMobil-Backed Carbon Tax Will Not Save the Planet

(CD) — Amid warnings from the Intergovernmental Panel on Climate Change (IPCC) that there’s a closing window to act to prevent a climate catastrophe—and critiques that its report released Monday was far too conservative—critics are calling out ExxonMobil for pledging a $1 million contribution to a campaign for a carbon tax as a sneaky attempt to control the debate on climate action […]