The Latest Breaking News from BlackRock

Kentucky Threatens To Divest From 11 Banks Over Environmental And Social Policies

Kentucky State Treasurer Allison Ball (R) notified 11 banks that their ESG policies had harmed the state’s economy.

Zenger · Jan 12, 2023

ASX rallies to five-week high on hopes US inflation numbers will show rate rises working — as it happened

The ASX and Wall Street rally as investors hope that US inflation has cooled and will prompt the Fed to scale back its interest rate rises. Look back on the day's events and insights from our business reporters on the ABC News live markets blog.

ABC News · Jan 11, 2023

Kentucky threatens to divest from 11 banks over ESG policies

On January 2, Kentucky State Treasurer Allison Ball (R) issued a statement notifying 11 banks that their ESG policies amounted to energy boycotts that harmed the state’s economy according to definitions passed into law last spring. The statement says the banks have 90 days to stop what Kentucky argues are…

Ballotpedia · Jan 10, 2023

Business trends, risks and people to watch in 2023

What to look for this year in the corporate world in sectors from energy to private capital and technology

Financial Times · Jan 2, 2023

Republicans ramp up anti-ESG campaign for 2023

The investing strategy known as ESG is under attack, and virtually no one expects the backlash to die down.

Tribune News Service · Dec 29, 2022

Editorial: Economic downturns hurt Americans. They can kill Somalis

Federal Reserve Chair Jerome Powell kicked off the holiday season with another interest-rate increase. He also lit the fuse for a sell-off in the stock market by telling the world, “We have more work to do,” signaling additional rate hikes in 2023. A year-end “Santa Claus Rally” could still materialize,…

Chicago Tribune · Dec 29, 2022

Republicans map out their agenda on ESG and antitrust

The Republican Party’s majority in the House of Representatives will take office in January, and some members and committees have already started laying out their ESG agendas for the new Congress. Among those are members of the Judiciary Committee, who have indicated that they would like to understand better how…

Ballotpedia · Dec 20, 2022

The ESG investment craze might be over

ESG investments are coming under greater scrutiny, and some analysts say the acronym’s days are numbered.

Fortune · Dec 19, 2022

Voters approved 71% of constitutional amendments on the ballot in 2022

Welcome to the Friday, December 16, Brew. 

Ballotpedia · Dec 16, 2022

Dept. of Labor ESG rule targeted by GOP Congressmen

The move is one of many steps top conservatives are taking to dismantle financial ESG policies.

Axios · Dec 16, 2022