Markets

Blackstone CEO and longtime Trump ally Stephen Schwarzman says he is ‘shocked and horrified’ by the ‘insurrection’ that followed the president’s speech, calls for a peaceful transition

Blackstone CEO Stephen Schwarzman slammed the violence in Washington, DC, that followed Trump’s speech on Wednesday, calling it an “insurrection.” “I am shocked and horrified by this mob’s attempt to undermine our constitution,” he said in a statement to Insider. Schwarzman had previously defended Trump’s lawsuits challenging the election results […]
Blackstone CEO and longtime Trump ally Stephen Schwarzman says he is ‘shocked and horrified’ by the ‘insurrection’ that followed the president’s speech, calls for a peaceful transition
Markets

Major business leaders signed a letter urging Trump to concede, and warn that ‘our democracy grows weaker’ the longer the presidential transition is delayed

Over 100 American business leaders have signed a joint letter urging President Trump to concede the 2020 presidential election to President-elect Joe Biden. “Every day that an orderly presidential transition process is delayed, our democracy grows weaker in the eyes of our own citizens and the nation’s stature on the […]
Major business leaders signed a letter urging Trump to concede, and warn that ‘our democracy grows weaker’ the longer the presidential transition is delayed
Markets

Oatly vegan milk faces activist anger after Trump-supporting billionaire Schwarzman’s Blackstone acquired a stake

Summary List Placement Oatly is facing outrage from activists after signing a deal with Trump-linked private equity firm Blackstone. Climate and political activists have called out Oatly’s decision to partner with Blackstone, which partially owns two Brazilian firms accused of contributions to deforestation in the Amazon. Activists also object to […]
Oatly vegan milk faces activist anger after Trump-supporting billionaire Schwarzman’s Blackstone acquired a stake
Markets

Investing legend Byron Wien says economy will be in ‘terrible trouble’ if Congress doesn’t approve additional unemployment benefits

Byron Wien told CNBC that the economy is dependent on fiscal and monetary policy and will be in “terrible trouble” if Congress cannot approve additional unemployment benefits. Wien made the comments after jobless claims indicated 1.1 million additional Americans filed for unemployment. The legendary investor said he’s upset that the […]
Investing legend Byron Wien says economy will be in ‘terrible trouble’ if Congress doesn’t approve additional unemployment benefits