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Wall Street Reverses Course: “Sell America” Trade Proves Politically Motivated and Financially Misguided

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the staff of the Ridgewood blog

NEW YORK, NY — Wall Street is finally waking up to the consequences of the so-called “Sell America” trade, a strategy many analysts now admit was politically charged, shortsighted, and disastrous for investment returns. While doomsday narratives about the decline of American exceptionalism flooded the financial world, U.S. markets have defied the skeptics—proving once again that betting against the American economy rarely ends well.

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New Jersey Managers Identify 3 AI Careers Expected To Boom Locally

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  • Survey of 3,003 decision makers.
  • Cybersecurity AI Specialist predicted to be NJ‘s top AI career.
  • Infographic showing the top micro-retirement locations across the country.

the staff of the Ridgewood blog

Ridgewood NJ, while much of the public conversation around AI fixates on job loss, a quieter – and more optimistic – shift is underway. Across the country, new career paths are emerging not in opposition to AI, but in tandem with it. These aren’t science fiction roles of the distant future; they’re already being hired for today, often far from Silicon Valley.

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JPMorgan Chase CEO Jamie Dimon Calls ESG Proxy Advisors ISS and Glass Lewis “incompetent”

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the staff of the Riderwood blog

Wall Street NY, JPMorgan Chase CEO Jamie Dimon has taken a strong stance against proxy advisory giants ISS and Glass Lewis, calling them “incompetent” and blaming them for pushing progressive ESG (Environmental, Social, and Governance) and DEI (Diversity, Equity, and Inclusion) resolutions that violate fiduciary duty to investors.

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Northvolt Announces Job Cuts and Site Closures Amid EV Sales Declines

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the staff of the Ridgewood blog

Ridgewood NJ, Northvolt, a critical battery producer for Europe’s electric vehicle (EV) industry, has announced a series of cost-cutting measures, including job cuts and the closure of one of its facilities. The Stockholm-based company, which manufactures lithium-ion batteries and has partnerships with leading automakers such as Volkswagen and Volvo, is taking steps to secure its future amidst a challenging economic environment.

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BlackRock Shifts Focus: From ESG Champion to Skeptic

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the staff of the Ridgewood blog

Ridgewood NJ, in the evolving world of pension politics, BlackRock has undergone a significant transformation. Once a leading advocate for prioritizing environmental, social, and governance (ESG) considerations over investment returns, BlackRock has notably pulled back from its previous stance. The investment giant, which once spearheaded the push for ESG, now appears more skeptical than many of its peers.

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BlackRock Backs Off ESG

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the staff of the Ridgewood blog

Ridgewood NJ, perhaps Larry Fink has taken note of the annual report card, “Putting Politics Over Pensions.”  It’s undeniable that BlackRock is shifting its stance on climate activism. This marks a significant reversal in just 18 months, especially considering Fink’s previous leadership in the CEO movement advocating for climate action.

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New Jersey Pension Funds at Risk as the 10 largest ESG funds by assets have all posted double-digit losses in 2022

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the staff of the Ridgewood blog

Ridgewood NJ, several decades of stock market evidence that social-investment funds typically underperform the market.

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