To The Moon

About the author: Bryce Tingle is a law professor and member of one of Canada's securities commissions.Engine No. 1 launched an audacious bid in 2021 to place some of its representatives on the board of energy giant Exxon. The newly formed hedge fund argued in part that Exxon's lagging stock price arose from the company's failure to plan for a transition to a low-carbon future. Shareholders rewarded the fund's climate change-themed campaign with three seats on Exxon's board. The campaign attracted a lot of shareholder support, at least in part due to the rhetoric around carbon emissions.Political scientists will find this problem familiar. Individual voters in a political election know that their votes won't alter the outcome. Voters correctly respond to this lack of incentive by refusing to spend much time informing themselves. This is the reason for the legendary ignorance of the average voter. Less than 20% of Americans know their senators and less than half know that their state ha

U.S. stock index futures fell on Friday at the end of an upbeat holiday-shortened week for Wall Street's main indexes that was driven by expectations around a traditionally strong period for markets.M

Nov 25 - Intel expects a small reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker, according to a person familiar with the matter.The $8.5 billion in direct grants were part of a larger package of loan guarantees, tax incentives and other measures announced in March.But in September, Intel also won a $3 billion contract with the U.S. Department of Defense. The funding for that contract ended up coming from the $39 billion that U.S. lawmakers allocated for chip

Dow ends with first day of gains in five sessions. The tech-heavy Nasdaq closed lower on Wednesday (Nov 20), taking a break from the prior session's rally as investors worried about escalating Russia-

Palantir's stock has been a huge winner this year.