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BlackRock layoffs coming as firm matures, ESG pullback and Bitcoin ETF approval

Tennessee Attorney General Jonathan Scumetti details the lawsuit against BlackRock regarding Varney & Company. BlackRock, the world's largest asset manager, plans to announce layoffs of about 3 percent of its global workforce in the coming days, Fox Business reported. The layoffs of about 600 employees have not yet been reported, but are described as routine […]

House Judiciary probe into ESG expands to ISS and Glass Lewis

According to On the Money, the House of Representatives is expanding its investigation into whether antitrust laws were violated by coordinating ESG efforts with each other, and shareholder advisor Glass Lewis and Institutional Shareholder It turns out that a subpoena has been issued to Services. House Judiciary Committee Chairman Jim Jordan (R-Ohio) on Wednesday contacted […]

BlackRock faces lawsuit over allegedly ‘misleading’ ESG strategy

Tennessee is lawsuit On Monday, it sued BlackRock, the world's largest asset manager, alleging it violated consumer protection laws by making “misleading” claims about the company's so-called environmental, social and governance strategies. a press release Tennessee Attorney General Jonathan Scrumetti's office said the “first-of-its-kind” lawsuit is against the company's claims that it is “false or […]

Triumvirate of Asset Managers, Banks, Insurers Pushing ESG

Will Hild, executive director of Consumers’ Research, said: Breitbart News Daily A trio of asset managers, banks and insurance companies is said to be leading the far-left environmental, social and governance (ESG) movement. Hild spoke Breitbart News Daily Host Mike Slater talked about the ESG movement, which is the latest vector in which major financial […]

CEO Of ESG Titan Told Key Regulator To Soften Pending Emissions Disclosure Rules: REPORT

BlackRock CEO Larry Fink told Securities and Exchange Commission (SEC) Chairman Gary Gensler to “lessen” the strength of pending emissions disclosure rules, according to Fox News Business. He is reported to have advised him to do so. Mr. Fink’s reported proposal would change the SEC’s future direction for publicly traded companies to disclose direct and […]

Investment titan BlackRock has taken massive hits because of its use of ESG

The past few years have been difficult for BlackRock, the world’s largest asset manager. While the company remains hugely profitable, it has taken a hit recently due to its image of promoting progressive utopianism through its use of environmental and social governance (ESG) investment guidelines. Red state government officials are blocking the company from managing […]

More ESG Funds in U.S. Closed in 2023 Than in Past 3 Years Combined

Amid political backlash and investor scrutiny, more environmental, social and governance (ESG) investment funds will close in 2023 than in previous years combined. bloomberg report State Street, Columbia Threadneedle Investments, Janus Henderson Group and Hartford Management Group have all closed more than 20 ESG funds this year, according to Morningstar. BlackRock, the world’s largest asset […]

BlackRock and Vanguard drastically scale back support of ESG projects like ‘racial equity’ and ‘reproductive rights’

The Vanguard Group, working with fellow investment giant BlackRock, has significantly reduced the number of projects it plans to fund under its Environmental, Social and Corporate Governance umbrella. BlackRock, the world’s largest asset manager, has reported that it will significantly reduce its ESG-related support in late August 2023. the epoch. The group said it recently […]

Vanguard joins BlackRock in rejecting more ESG proposals from shareholders

North Carolina Treasurer Dale Folwell joins “Mornings with Maria” to discuss the Republican State Department of Treasury’s ongoing investigation into BlackRock over the company’s ESG investment choices. The Vanguard Group approved only 2% of environmental and social resolutions submitted by shareholders in 2023, down from 12% last year, and, like BlackRock, voted for climate and […]

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