CORPORATE SOCIAL RESPONSIBILITY

Financial markets shifted their focus from inflation concerns to corporate earnings and a deteriorating outlook for global growth this week. Weaker European economic activity caused by the war in Ukraine, Chinese pandemic lockdowns; and a surprise contraction in first quarter U.S. GDP growth, weighed on stock markets. As a result, U.S. equities revisited the lows of this year, with the S&P 500 now down about 14% and the Nasdaq down 24% from their peaks.