News From the Control Tower - 12/2/2020
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. The Pandemic Has Broken Shale and Left Oil Markets in OPEC Hands
“I see no more growth until 2022, 2023, and it will be very, very light in regard to the U.S. shale industry ever growing again,” Pioneer CEO Scott Sheffield, who’ll run the fourth-largest shale operation in the country after his company completes the takeover of Parsley Energy Inc., said in an interview.
2. How Venture Capitalists Are Deforming Capitalism
Even the worst-run startup can beat competitors if investors prop it up.
3. Nasdaq to Advance Diversity through New Proposed Listing Requirements
The rules would require most Nasdaq-listed companies to have, or explain why they do not have, at least two diverse directors, including one who self-identifies as female and one who self-identifies as either an underrepresented minority1 or LGBTQ+.
4. Sephora to Set Up Shop Inside Kohl’s
Beauty retailer set to wind down partnership with J.C. Penney and plans to install 850 shops at Kohl’s locations.
Beauty has been one of the brighter spots during the pandemic. While sales of color cosmetics have stalled, shoppers have been snapping up skin and hair products as well as fragrances, Mr. Rougeot said.
5. Can you repeat that? Hearing trouble more obvious with masks
Hearing specialists across the U.S. say they have seen an uptick in visits from people like Wheat, who only realized how much they relied on lip reading and facial expressions when people started wearing masks that cover the nose and mouth.
Bonus
Crosswords tell us something about what we think is worth knowing. A puzzle that subtly promotes the idea that white men are the standard, the people everyone should know about, is a problem for all of us (yes, even the white men).