Why Larry Fink’s intricately complex Panama Canal deal could succeed
Larry Fink is racing to finalize a massive agreement to acquire 43 ports, including two located in the Panama Canal. However, making that happen involves careful financial navigation, according to insiders. The head of BlackRock must secure agreements from 23 countries for a new partnership led by his investment firm to manage a number of […]
BlackRock CEO Fink’s letter to investors cuts DEI references
Global bond BlackRock CIO Rick Rick Rieder analyzes US economic performance as some observers are worried about the recession. BlackRock CEO Larry Fink's letter to annual investors continued to move away from politically controversial topics such as diversity, equity and inclusion (DEI) to politically controversial topics from environmental, social and governance (ESG) policies. Fink released […]
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 […]