ESG fallout: BlackRock CEO Larry Fink should resign, says state treasurer
North Carolina State Treasurer Dale Folwell is calling for BlackRock CEO Larry Fink to resign over the firm's ESG activism, arguing it hurts investors.
BlackRock’s ESG push puts CEO Larry Fink in activist crosshairs
BlackRock, the world’s largest asset manager with about $8 trillion under management, is aggressively pushing ESG initiatives with clients. The move is drawing ire from one of the firm’s smaller investors, Bluebell, who is calling it “hypocrisy” and asking Fink to resign.
Thematic ETFs: What they are and what investors need to know
Thematic exchange-traded funds, or ETFs, target groups of companies that are at the forefront of innovations like robotics, cybersecurity, or clean energy.
BlackRock freezes hiring, reduces spending, CFO says
Gary Shedlin, BlackRock's chief financial officer, reportedly said Tuesday that the firm is freezing most hiring and reducing spending in an effort to be "prudent" ahead of 2023.
DeSantis praised for pulling money from BlackRock over ESG concerns: ‘Illegal leftist scam’
Florida Governor Ron DeSantis was praised for pulling $2 billion in assets away from BlackRock out of concern for the investment firm's pro-ESG policies.
Florida divesting $2 billion from BlackRock over firm's ESG push
Florida is the latest state to announce that it is pulling funds from investment giant BlackRock over the firm's environmental, social and governance push.
BlackRock's Fink says crypto technology still relevant despite FTX
Larry Fink, CEO of BlackRock, blames FTX's collapse on "misbehaviors" not on cryptocurrency itself. Says he believes crypto tech will drive the future
Republican states take drastic measure in latest salvo against ESG movement
A group of 13 GOP attorneys general asked a top energy regulator to closely review an application from major asset manager Vanguard requesting to own public utility shares.
BlackRock headquarters stormed by protesters, some carrying pitchforks
Protesters demonstrated in the New York City office building housing investment management company BlackRock, according to footage posted on Twitter.
BlackRock tells UK 'no' to halting investment in coal, oil and gas
BlackRock told a UK, Environmental Audit Committee that immediately halting investment on all Oil and Gas would be harmful, especially to the world's poorest.
What is LDI? Liability-Driven Investment strategy explained
Defined benefit pensions have to make sure that their assets, such as stocks and bonds, can generate enough cash to meet liabilities - the monthly payouts guaranteed to pensioners.
BlackRock not ESG enough for NYC, comptroller says
New York City is threatening investment giant BlackRock, saying the firm has not followed through with its commitment to fight climate change with ESG.
US government debt revealed, inflation hotspots and more: Wednesday's 5 things to know
U.S. national debt is closing in on $31 trillion after Congress spent at an amazing clip and borrowed before the pandemic. Stocks suffered the worst day in two years as inflation rises.
BlackRock CEO Larry Fink discusses inflation, ESG investing in the energy sector
BlackRock CEO Larry Fink discussed inflation issues and ESG investing in the energy sector Tuesday during a phone interview on "The Claman Countdown."
Texas demands documents from BlackRock, other financial service firms in ESG probe
A Texas state Senate committee has requested documents from investment giant BlackRock and other financial services firms in a probe into ESG practices.
BlackRock invests $700 million into Australian battery storage and renewable energy projects
BlackRock said Tuesday it would invest nearly $700 million into an Australian firm that creates battery storage and renewable energy projects.
Consumer group issues alert over BlackRock's woke crusade: 'No regard for American families'
Consumer's Research is warning residents of a dozen states to be wary of massive investment firm BlackRock over its environmental, social and governance (ESG) standards.
BlackRock launches spot Bitcoin private trust
The move comes as the world's largest asset manager has seen "substantial interest" from some institutional clients despite the digital asset market's recent downturn.
Blackrock warns of growing recession risk as Fed fights inflation
The Federal Reserve's "hawkish pivot" has raised the risk of an economic recession, according to BlackRock, the world's largest asset manager.
BlackRock plans first China ETF product this year
Currently, the U.S. firm manages overseas assets of a handful of China's large state-backed investors such as the country's sovereign wealth fund and national pension fund via offshore units, as all products sold are foreign-domiciled.
















