Why Ambitious U.S. Emissions Reduction Goals Are Increasingly Out of Reach Amid huge profits for oil majors, pressure builds on banks to cut ties. Capital & Main · Aug 24, 2023
Bitcoin sees sudden 4% uptick after investors anticipate lower likelihood of interest rate hike in September The upswing follows a recent crash in the crypto market amid economic unease. Fortune · Aug 24, 2023
A new approach to environmental, social and governance policies is needed before it's too late This summer has proven how destructive climate change can be. We have been plagued by harrowing images of Maui, Hawaii in ashes, news about wildfires spreading smoke across Canada and the United States and record-breaking heat waves worldwide. The Conversation · Aug 20, 2023
S&P eliminates ESG scores from credit ratings 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 · Aug 15, 2023
BlackRock expects economy to ‘flatline’ for a year before inflation returns in 2024. Get ready for a generational shift to ‘full-employment stagnation’ BlackRock Investment Institute warns that we’re in the weakest period of growth “in the postwar era outside the Global Financial Crisis.” Fortune · Aug 14, 2023
‘Don’t be fooled’ by the uptick in inflation, economist says. Prices are falling, and the Fed now has the ammo to pause its rate hikes “Inflation is slowing, and doing so across a broader range of goods and services,” said Julia Pollak, ZipRecruiter’s chief economist. Fortune · Aug 10, 2023
ESG investing is still largely smoke and mirrors A new study reveals that a handful of big asset and investment managers are responsible for virtually all of the ESG investments in finance. Fortune · Aug 10, 2023
Meeting the long-term climate threat takes more than private investment – 10 ways NZ can be smart and strategic The announcement of a partnership between the government and the world’s biggest investment manager BlackRock in a NZ$2 billion climate infrastructure fund suggests the company is expecting renewable energy in New Zealand to increase its own profitability. The Conversation · Aug 9, 2023
New Zealand is partnering with BlackRock in aim to reach 100% renewable electricity New Zealand’s government says it will partner with U.S. investment giant BlackRock as it aims to become one of the first nations in the world to have its electricity grid run entirely from renewable energy The Independent UK · Aug 8, 2023
BlackRock Called Out For ‘ESG Facade’ After Naming Saudi Aramco Chief To Board The move raised several eyebrows across corporate and social media circles. Zenger · Aug 4, 2023
Coinbase’s Meteoric Rise Defies Logic As BlackRock Alliance Boosts Stock Coinbase's value soars as BlackRock applies to launch bitcoin-backed ETF with the digital exchange as custodian. Zenger · Aug 2, 2023
BlackRock To Give Clients Voting Power Amid Criticism Over Political Investments World's largest asset manager responds to ESG critics by allowing investors to vote proxies Zenger · Aug 2, 2023
BlackRock announces plans to allow investors to vote their own proxies The Big Three passive asset management firms—BlackRock, State Street, and Vanguard—have been criticized for using investors’ money in pursuit of political goals. The firms use the funds that they invest on behalf of their clients and vote the proxies that, outside of a pooled index or mutual fund, investors would… Ballotpedia · Aug 2, 2023
Is Coinbase Stock a Sell on the News That the SEC is Suing the Crypto Exchange? Coinbase shares have rallied significantly in 2023, even as regulatory concerns remain largely unresolved. Can the cryptocurrency stock continue to deliver outsized gains? Barchart · Aug 1, 2023
Caixin Global · Jul 31, 2023 Citadel Securities Hires Former BlackRock Exec to Lead China Business Tony Tang, also previously a deputy director of the international affairs department at China’s top securities watchdog, will begin his new role in September
The Independent UK · Jul 29, 2023 Ice Cube on Kanye, cancel culture and conspiracies: ‘Hip-hop was pure – then the agenda changed’ The hip-hop pioneer and NWA alumnus speaks to Will Pritchard about antisemitism, performing with the greats, and where his politics lie today
Fortune · Jul 26, 2023 More and more workers feel off track saving for retirement “The next generation of savers has seen a lot of economic turbulence in a short period of time.”
Capital & Main · Jul 26, 2023 Big Oil’s War Against ‘Woke Capitalism’ The fossil fuel industry and right-wing activists are increasingly targeting investors that consider environmental and social issues — but is it working?
Ballotpedia · Jul 25, 2023 NYC’s ESG investment approach draws pushback 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 · Jul 24, 2023 Future of Finance: Blackrock’s Nair on how the firm’s Aladdin tech has evolved and what the ‘portfolio of the future’ will look like Nair explained how clients’ portfolios will be “much more personalized, much more customized, much more holistic.”
Fortune · Jul 18, 2023 Future of Finance: Circle’s Allaire says U.S. lawmakers may be ‘late to the party’ with crypto, but it won’t hold back the world’s largest economy “When the U.S. does lay down its rules,” added the Circle CEO, “it's going to be a highly competitive market.”
Zenger · Jul 17, 2023 BlackRock CEO Optimistic About Growing Demand For Cryptocurrencies Among Gold Investors Larry Fink cites potential for crypto to transcend currency fluctuations and highlights broad-based global interest.
Zenger · Jul 15, 2023 House Republicans Question Big Three Asset Managers’ Climate Change Efforts Lawmakers express concerns over potential antitrust violations in firms' ESG initiatives
Ballotpedia · Jul 14, 2023 Congressmen send letters requesting ESG information from Big Three asset managers House Judiciary Committee Chairman Jim Jordan (R-Ohio), along with Reps. Thomas Massie (R-Ky.) and Dan Bishop (R-N.C.), sent letters to the Big Three passive asset management firms—BlackRock, State Street, and Vanguard—on July 6 requesting information about their efforts to combat climate change through ESG. Jordan said such efforts could violate…
The Independent UK · Jul 14, 2023 Arsenal’s Jorginho backs investment app as he urges players to save for future The footballer acquired a 10% stake in new app Gather which launches this week and features funds from asset management giant Blackrock.