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☆ Beyoncé blamed for keeping inflation high in Sweden. Is Springsteen next?
  + stars: | 2023-06-15 | by ( Anna Cooban | ) edition.cnn.com   time to read: +2 min
London CNN —Swedish consumers now have Beyoncé to blame for their bills, bills, bills. “[That’s] definitely not normal,” Grahn told CNN. Some of Beyoncé’s US fans told BuzzFeed News in February that they had snapped up tickets for the singer’s Swedish concerts at a huge discount to her US shows. Still, he expects the Beyoncé effect to be short-lived, with hotel prices likely to fall over June. Bruce Springsteen is due to play three shows in the Swedish city of Gothenburg later this month, which could put an upward pressure on prices, Grahn said, but that’s not as likely.
Persons: Michael Grahn, ” Grahn, Grahn, Bruce Springsteen, that’s, Beyoncé, ” Organizations: London CNN, Danske Bank, Reuters, CNN, “, BuzzFeed News Locations: Denmark, Stockholm, Sweden, Swedish, Gothenburg
☆ Company execs used to trumpet their diversity and climate efforts. Now not so much
  + stars: | 2023-06-15 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
Just 74 members of the S&P 500 even mentioned “ESG” in their first quarter earnings calls, according to new FactSet data. ESG funds have also lost popularity with investors. Total assets under management in ESG funds fell by about $163.2 billion globally during the first quarter of 2023 from the year before, according to data provider Lipper. The Congressman asked whether the company’s diversity initiatives were “directing resources away from the important things like greasing wheel bearings?”Companies “see that certain terms have become lightning rod terms. “You can say you’re increasing diversity initiatives just for the optics, but without data to back it up, you’ll eventually get called out by stakeholders,” he said.
Persons: New York CNN —, George Floyd, “, “ ESG, It’s, —, Lipper, What’s, Bud Light, influencer Dylan Mulvaney, Mike Collins of, ”, Douglas Chia, Chia, they’re, ” It’s, David Duffy, they’ll, you’ll, ’, Powell, Bryan Mena, Jerome Powell, ” Powell, Dow, Stocks, Beyoncé, Anna Cooban, Michael Grahn, ” Grahn, Bruce Springsteen, Grahn, that’s Organizations: CNN Business, Bell, New York CNN, InBev, Silicon Valley, Norfolk Southern, Conference Board’s ESG, . Firms, Securities and Exchange Commission, Federal Reserve, KPMG, Corporate Governance Institute, “, Nasdaq, Danske Bank, Reuters, CNN Locations: New York, Ukraine, United States, America, Silicon, Mike Collins of Georgia, East Palestine , Ohio, Denmark, Stockholm, Sweden, Swedish, Gothenburg
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