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BlackRock calls Texas’ $8.5 billion divestment ‘reckless’ and ‘irresponsible’: ‘Political-driven decision making’

Wealth management firm BlackRock criticized Texas’ decision to cancel an $8.5 billion investment this week as “reckless” and “irresponsible.” fox business report. On Tuesday, Texas Education Commissioner Aaron Kinsey announced that the state’s Permanent School Fund, which supports public schools, will make a multibillion-dollar investment in BlackRock because of BlackRock’s environmental, social, and governance efforts. […]

Jerry Seinfeld’s net worth tops $1 billion

Yada, yada, yada… Jerry is a millionaire! Comedian Jerry Seinfeld, who co-created the classic sitcom “Seinfeld” with his friend Larry David, is the man behind the classic sitcom “Seinfeld,” according to the Bloomberg Billionaire Index, the first to assess his wealth. , who is said to be smiling all the way to the bank after […]

Biden admin forges ahead with student loan debt ‘forgiveness’ by ‘canceling’ $6 billion for 78,000 public service workers

The Biden administration continues to announce additional rounds of federal student loan debt “forgiveness” despite last year’s Supreme Court ruling. On Thursday, the White House issued the following statement: press release An additional $6 billion in debt cancellation was announced. “Today, my administration will cancel student loans for 78,000 more public servants, including teachers, nurses, […]

Intel Awarded Up to $8.5 Billion in CHIPS Act Grants for Facilities in 4 States

Intel is reportedly set to receive up to $8.5 billion in federal grants related to the CHIPS Act, and could receive up to $11 billion in additional loans. The funding will be used for manufacturing and research facilities in Arizona, New Mexico, Ohio and Oregon. Intel is set to receive up to $8.5 billion in […]

Texas divests $8.5 billion from BlackRock, citing firm’s ‘destructive’ ESG push

The state of Texas notified investment management firm BlackRock on Tuesday of its plans to cancel an $8.5 billion investment, citing the company’s “disruptive” environmental, social and governance initiatives. fox business report. Texas State Board of Education Chairman Aaron Kinsey told news outlets that the Texas Permanent School Fund, which previously invested in BlackRock, will […]

China Says Collapsing Real Estate Giant Evergrande Overstated Revenue by $78 Billion

China’s securities regulator announced on Monday that it had banned the founder of real estate giant Evergrande from the stock market and charged the company with $78 billion in fraud. Evergrande was once one of China’s largest and most trusted companies, fueling a boom in the real estate market that encouraged many middle-class Chinese to […]

Texas schools pull $8.5 billion from BlackRock over fossil fuel ‘boycott’

Texas public schools are withdrawing billions of dollars invested in BlackRock, an asset manager the state accuses of boycotting fossil fuels. On Tuesday, State Board of Education Chairman Aaron Kinsey (R) announced that the board had divested $8.5 billion from BlackRock’s operations. The company’s “overwhelming and enduring leadership” in the environmental, social, and governance (ESG) […]