Articles by David Randall

New York City Firms’ Return-to-Office Plans Face Persistent COVID Headwinds

Efforts by financial firms and others to bring workers back to Manhattan offices more than two years after the start of the coronavirus pandemic face persistent headwinds, consultants said, with commuters still worrying about COVID-19 as well as safety. New …

Wall Street Taking Closer Look at Climate Change Risks

In the wake of two years of devastating wildfires in California, Wall Street is incorporating a new risk metric when evaluating companies: climate resiliency. Investors, analysts, research firms and companies are putting more emphasis on how climate issues ranging from …

It’s Not Just Factories Turning to Automation to Stem Wage Growth, Boost Earnings

U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order to maintain healthy margins as labor costs tick higher, a Reuters analysis of corporate earnings transcripts shows. The attempt …

Investors Assess El Niño Effect on Businesses from Bug Killers to Insurers

As the El Niño weather phenomenon makes the U.S. Northeast warmer, the Midwest drier, and the South and the West wetter this winter, Eric Marshall, portfolio manager of the $2 billion Hodges Small Cap fund, is not one of those …

New Tech Millionaires Trust Technology Over Traditional Financial Advisers

When the nine-person start-up he co-founded was bought by Facebook for a reported $15 million in January, Cemre Gungor, 27, was inundated with phone calls and emails from wealth advisers. Yet he spurned them all, opting instead to open an …