BlackRock warned for ‘misleading statements’ tied to ESG funds
BlackRock received a legal warning from Mississippi for “false and misleading statements to Mississippi investors” related to its environmental, social, and governance (ESG) investment strategy, according to a 33-page document. That’s what it means. document It was released on Wednesday. Mississippi Secretary of State Michael Watson and the state’s Securities Department issued a “summary cease […]
‘Investment companies will not push their political agenda’: Mississippi issues BlackRock cease and desist over ESG agenda
Mississippi Secretary of State Michael Watson stop command on Tuesday against asset manager BlackRock, alleging that the company had “repeatedly made false and misleading statements” about environmental, social and governance issues. fox business report. Wednesday’s report said Watson, along with the Securities Division of the Secretary of State’s office, issued an order “ceasing BlackRock’s alleged […]
Larry Fink, BlackRock CEO, raises alarm on social security crisis – USA TODAY
BlackRock CEO Larry Fink says it’s time to “rethink” retirement from his position at the helm of the world’s largest asset manager. inside 2024 Annual Chairman’s Letter to Investors In an announcement Tuesday, Fink said the “retirement crisis” has become severe enough to call for a national rescue effort comparable to that in response to […]
BlackRock CEO says Social Security’s retirement age ‘a bit crazy’ as crisis looms
Sen. Bill Cassidy (R-Louisiana) discusses the Republican Party’s Social Security savings plan and reacts to Bernie Sanders’ 32-hour work week initiative on Bernie & Company. BlackRock CEO Larry Fink He sent his annual letter to investors on Tuesday, noting that the aging U.S. population is putting a “tremendous burden” on Social Security and that retirement […]
Blackrock says bitcoin will be a good portfolio diversifier despite its recent rally with stocks – CNBC
Robert Mitchnick, head of digital assets at BlackRock, says Bitcoin is more like digital gold than a so-called “risk-on” asset. For years, Bitcoin’s ability to behave differently at different times has confounded investors. They believed in the idea that this might be a hedge against inflation, but in 2022, cryptocurrencies fell along with stock prices […]
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. […]
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 […]
Texas Schools Pull $8.5B From Blackrock Over ESG Investigation
BlackRock Posts 22 Percent Increase in Quarterly Profits NEW YORK, NY – JANUARY 16: A sign is posted at BlackRock’s offices on January 16, 2014 in New York City. BlackRock reported a 22% profit increase in its most recent quarterly earnings report. (Photo by Andrew Barton/Getty Images) OAN’s Avril Elfie3:30pm – Wednesday, March 20, 2024 […]
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) […]
Texas yanks $8.5B from Larry Fink’s BlackRock in ‘massive blow against the scam of ESG’
The state of Texas is cutting off a massive $8.5 billion investment in multitrillion-dollar asset manager BlackRock, citing the state’s determination that the company is involved in a boycott of energy companies. In an announcement first shared with FOX Business, Texas State Board of Education Chairman Aaron Kinsey said the so-called Texas Permanent School Fund […]