Why BlackRock’s latest push into crypto will be a game changer A Bitcoin ETF run by the world’s biggest asset manager could bring about a sea change in the long-term crypto markets. Fortune · Jun 16, 2023
BlackRock files for Bitcoin ETF, Coinbase and Nasdaq listed as partners In an important development for crypto markets, BlackRock is seeking to launch a Bitcoin ETF with pricing data supplied by Nasdaq. Fortune · Jun 15, 2023
BlackRock's Larry Fink: A.I. will solve low productivity, high inflation “A.I. has the huge potential to increase productivity,” BlackRock's CEO said on the company's investor day. Fortune · Jun 15, 2023
Proxy Season Update for 2023: What Shareholders Are Saying Stay informed about proxy season 2023 with these updates about what shareholders are voting on. Kiplinger · Jun 13, 2023
As the US becomes more divided, companies find they can’t appeal to everyone Younger people believe companies have social responsibilities, while conservatives say they should stay out of politics – and the fight won’t end soon The Guardian - US · Jun 12, 2023
Edinburgh climate activists in city centre protest over pension investments Around 20 protestors have been spotted with banners outside of the Edinburgh International Conference Centre as they demonstrate over a pension event that is being sponsored by BlackRock. Edinburgh Live · Jun 7, 2023
Proposed legislation would eliminate ESG in TSP pensions Congressman Chip Roy (R-Texas) on May 23 reintroduced legislation calling for the elimination of the use of ESG in the Thrift Savings Plan (TSP), the pension plan for federal employees and members of the military. The private managers of the TSP are BlackRock and State Street, two of the largest… Ballotpedia · Jun 5, 2023
This Supreme Court case could spell the beginning of the end for affirmative action. It’s a looming crisis for corporate America "After this you’ll really be able to identify who has always been on board and who never really was," says one diversity, equity, and inclusion specialist. Fortune · May 30, 2023
State financial officers inquire about ESG Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics. Ballotpedia · May 23, 2023
Musk says 'laptop class' should stop 'the work-from-home' BS Musk argued that professional workers were being unfair in asking to work-from-home while factory and service workers still had to work in-person. Fortune · May 17, 2023
House Oversight Committee holds ESG hearing Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics. Ballotpedia · May 16, 2023
CBI appoints chief people officer as it aims to ‘rebuild trust’ Ex-BlackRock headhunter Elizabeth Wallace takes role, in attempt to overhaul group’s internal culture The Guardian - UK · May 16, 2023
CBI appoints new executive to revamp culture after sexual abuse claims Former BlackRock and Hg employee Elizabeth Wallace will take over as chief people officer The Independent UK · May 16, 2023
Oklahoma treasurer announces 13 financial institutions can’t do business with the state over ESG policies Oklahoma State Treasurer Todd Russ (R) on May 3 issued a list of 13 financial institutions that are ineligible to do business with the state under a 2022 law because, according to Russ’s office, they engage in energy boycotts that, in its opinion, hurt the state’s economy. The listed institutions… Ballotpedia · May 12, 2023
Ballotpedia · May 9, 2023 Florida governor signs bill opposing ESG Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.
Fortune · May 4, 2023 A famous hedge fund chief who managed to net record returns as stocks fell in 2022 says investors should look abroad to profit “Investors betting on continued U.S. outperformance may be making a perilous assumption,” AQR Capital Management’s Cliff Asness warns.
The Conversation · May 3, 2023 Fed rate hikes, recession fears and political backlash leave ESG investors at a crossroads The Federal Reserve raised interest rates again on May 3, 2023, by a quarter point, making it the Fed’s 10th rate hike since March 2022 in an ongoing fight to tame inflation. These rate hikes have been reverberating through the economy, raising prospects of a recession amid heightened concerns about…
The Guardian - UK · May 2, 2023 First Thing: 20,000 Russian troops killed in eastern offensive failures, says US Russian casualties mark acceleration even when compared with first days of the war, says White House national security council spokesperson. Plus, all the coverage from the Met Gala
The Guardian - UK · May 2, 2023 Green investment funds pushing money into fossil fuel firms, research finds BlackRock and L&G among asset managers using funds with ESG label to invest in coal, oil and gas
Asharq Al-Awsat · Apr 25, 2023 Fashion House Smcp’s Bondholders Expect Initial Bids for Their Stake by Mid-may - Sources Bondholders in French fashion group SMCP (SMCP.PA), the owner of labels such as Sandro and Maje, are expecting first-round, non-binding bids for their 37% stake in the company by mid-May, said two people with knowledge of the transaction. The bondholders, which include asset manager BlackRock and private equity firm Carlyle…
The Guardian - UK · Apr 25, 2023 They wield huge power over your day-to-day life, without consent or oversight. Who are they? Asset managers We need to shine a spotlight on the acquisition of such basics as housing, schools and water networks, says Brett Christophers, a professor of economic geography
The Guardian - UK · Apr 25, 2023 Finance companies ‘may make $30bn’ by delaying debt relief for five countries Exclusive: Debt Justice says hardline stance is preventing progress on alleviating poverty
Barchart · Apr 10, 2023 Earnings Season Will be a Test for Tech Stock Rally This year’s rally of more than +20% in with the Nasdaq 100 Stock Index ($IUXX ) (QQQ ) will be tested by results from the Q1 earnings season that begins later this week. Technology stocks rallied sharply in Q1 as investors rotated out of financial stocks amid the turmoil in...
Reuters · Apr 6, 2023 Pension reform protesters briefly invade Paris BlackRock building Dozens of trade unionists railing against French President Emmanuel Macron's pension overhaul briefly invaded the central Paris building in which U.S.-based investment firm BlackRock has an office, chanting slogans and setting off firecrackers.
The Conversation · Apr 5, 2023 No, BlackRock is not leading a Marxist assault on capitalism Five years ago it would have been unimaginable, but today there is a global movement convinced the world’s largest corporations are engaging in stealth warfare to transform liberal democracies into neo-communist dictatorships.