In this week’s report: another crypto platform under legal scrutiny in the US; several companies are facing class action suits for allegedly misleading investors; CEO of major transportation company apologizes before Congress and layoffs continue to impact tech and media sectors.
It's often difficult to follow all the news to build a complete picture about a company, particularly when events are less reported. Yet published research has identified how selecting stocks and bonds with low controversy profile captures more alpha and lowers risk. Leveraging local and global newswire coverage, the RavenPack controversy framework allows investors to identify companies involved in controversial events. Each week we publish a selection of controversy identified on a different universe.
Is a bank collapse controversial? Looking at headlines, some of our readers may wonder why the collapse of SVB isn't in this week's report. We certainly detected over 14,000 events related to the bank last week, but in itself, the run on the bank is not a controversy -- only an economic event. As a result, it won't be included in this week's ranking.
legal-issues-defendant
layoffs
apology
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