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Big Technology Stocks Dominate ESG Funds
Funds that market themselves as sustainable investments aren’t necessarily focused on companies that fight climate change, develop wind turbines or promote diverse boards. Instead, many of them look a lot like a portfolio of big technology stocks. The five most commonly held S&P 500 stocks in actively managed sustainable equity funds last fall were Microsoft …
FTC Approves Roughly $5 Billion Facebook Settlement
The Federal Trade Commission voted this week to approve a roughly $5 billion settlement with Facebook Inc. over a long-running probe into the tech giant’s privacy missteps, according to people familiar with the matter. The 3-2 vote by FTC commissioners broke along party lines, with the Republican majority lining up to support the pact while …
