A year after launching a ‘Racial Justice’ investing tool, OpenInvest adds 13 companies to its list—and cuts seven underperformers

Last year, asset management platform OpenInvest launched a new “Racial Justice Cause” indexing tool—one of 16 such ’causes’ featured by the impact investing startup that focus on an array of environmental, social, and governance (ESG) values.

The indexing tool allows investors and asset managers to customize their portfolios to prioritize companies with a positive track record on issues like workforce diversity.

Now, more than a year on from the Racial Justice tool’s launch—in the wake of a massive public reckoning with that very cause after the killing of George Floyd in May—OpenInvest is providing a progress report of sorts for some of America’s largest public corporations.

The platform has announced 13 S&P 500 companies that are newly included in its Racial Justice Cause, while naming seven others that have been removed for failing to meet its criteria. Companies that clear this bar are “overweighted” in portfolios that use OpenInvest’s … Read More

Tesla’s soaring stock cracks $2,000 ahead of share split By Reuters

© Reuters. FILE PHOTO: The company logo is pictured on a Tesla Model X electric car in Berlin

By Noel Randewich

(Reuters) – Shares of Tesla (NASDAQ:) Inc surged past the $2,000 mark on Thursday for the first time as the electric car maker extended its recent rally ahead of an upcoming share split.

The company’s stock closed at a record high $2,001.83, up 6.6% for the day.

With many investors betting Tesla will be added to the S&P 500 after a strong quarterly report last month, the stock has surged over 300% in 2020.

GRAPHIC: Tesla’s relentless advance – https://graphics.reuters.com/TESLA-STOCKS/oakpeozrgpr/chart.png

The stock has jumped 45% just since Aug. 11, when Tesla announced a five-for-one stock split, with shareholders of record on Aug. 21 receiving four additional shares for each share they own, distributed after the close of trading on Aug. 28.

Thursday’s surge put Tesla’s stock market value at

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