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The US has remained ahead of the EU in labour productivity since the mid-1980s, with the gap growing between the US and EU in the early 2000s as mass adoption of information technology took off.

It connects ideas to emotions, making lessons memorable. Source: agrassoblog.org

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Two of the world’s biggest asset managers are quitting an investor group set up to prod companies over global warming and a third is scaling back its participation, in a major setback to the ambitions of Climate Action 100+. JPMorgan Asset Management and State Street Global Advisors both confirmed they were leaving Climate Action 100+. BlackRock, the world’s largest money manager, is pulling out as a corporate member and transferring its participation to its smaller international arm. The departures weaken the climate group’s plan to use shareholder influence to step up pressure on polluting companies to decarbonise, because they mean that none of the world’s five largest asset managers are fully behind the effort. https://lnkd.in/eWcb-iPU Source: FT

Warren Buffett's Berkshire Hathaway sold off about 10 million shares or almost $2 billion of Apple stock in the final quarter of 2023, according to the firm's 13-F filing. Berkshire also sold off the majority of its position in HP and about half of its shares of Paramount Global. The firm boosted its positions in Chevron and Occidental Petroleum, as well as Sirius XM Holdings. Berkshire exited large positions in StoneCo and D.R. Horton, as well as two smaller positions in insurance firms Globe Life and Markel. Source: Creative Capital, Reuters

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