Social Responsibility

European cities are on alert: if the negative impacts of mass tourism on residents are not addressed, there is a risk of widespread protests, a UNESCO official warns. “The situation is becoming increasingly tense,” said Peter Debrine, Senior Project Officer for Sustainable Tourism at UNESCO. “Public pressure for change is crucial because these are elected officials who are accountable for the needs of their citizens.” Debrine pointed to Venice, Italy, as a cautionary tale. Protests erupted over environmental and structural damage caused by massive cruise ships sailing through the Grand Canal. The city eventually banned large cruise ships in 2021.…

Key points Retail and transportation stocks shine: Shares of Five Below and JB Hunt rose after the close of trading, reflecting positive developments in the retail and transportation sectors, respectively. Interactive Brokers faces headwinds: Interactive Brokers' stock price fell after the stock market closed, likely due to investor concerns following the release of mixed financial results. Spirit Airlines continues its upward trajectory: Shares of Spirit Airlines maintained their bullish momentum in after-hours trading, demonstrating continued investor optimism. Details Five below (FIVE): Shares of the teen-focused retailer gained 2.07% after the close, likely helped by positive investor sentiment following solid retail…

Luxury fashion house Burberry faces turbulence after a disappointing first quarter. The company's shares fell 11% in early trading on Monday following a series of announcements, including a profit warning, CEO replacement and dividend suspension. Financial outlook bleak Burberry painted a bleak picture of its near-term future. Citing a deepening sales slowdown, the company warned of potential operating losses for the first half of the year and a lower-than-current-expectations full-year profit. The gloomy outlook comes as sales fell significantly across its regions: Europe, the Middle East, India and Africa (EMEIA), Asia Pacific and the Americas, with comparable store sales down…

Goldman Sachs is set to report its second-quarter results on Monday, sparking excitement on Wall Street. With the financial sector recovering after a slow 2023, analysts are eager to see how the investment giant will fare. Goldman Sachs Market Forecast Earnings: Analysts polled by LSEG expect earnings per share of $8.34. Income: LSEG estimates revenue will reach $12.46 billion. Trading revenue: StreetAccount expects fixed income revenue of $2.96 billion and equity revenue of $3.17 billion. Banking Investment: StreetAccount forecasts investment banking revenue to reach $1.80 billion. Goldman Sachs: A heavy dependence on volatile markets Goldman Sachs relies heavily on investment…

Ewan Mitchell, like many, is used to anonymity. However, that changed during a recent trip to Manhattan, when a hotel concierge surprised him with the question, "You didn't put on your eyepatch?" It was a nod to his role as Aemond Targaryen, the one-eyed warrior who rides a dragon in "House of the Dragon." Mitchell, who doesn't usually wear an eye patch, is still getting used to being recognized in public. "I didn't think people would recognize me, but they do," he noted. "I think it's because of my big chin." One afternoon in May, Mitchell, 27, was sipping a…