BlackRock, Tennessee settle lawsuit over firm’s ‘misleading’ ESG strategy
BlackRock and the state of Tennessee reached a settlement Friday over a lawsuit that alleges the asset management company downplayed how big a role environmental, social and governance proposals play in the investment process. The settlement is a new move for the red state, which has launched attacks on companies that have ESG goals, including […]
Lobbying World: Former lawmakers find new homes in lobbying firms
Two more recently retired members have come to K Street since the end of the 118th Congress. Former senator. Debbie Stabenow (Michigan Democratic Party) joined us. Liberty Partners Group As a senior policy advisor. Stabenow left Congress this month after nearly 30 years and most recently served as chairman of the Senate Agriculture Committee. former […]
LA asset management firms overseeing more than $4T scramble to recover after wildfires
Several employees at a Los Angeles-based asset management firm that manages more than $4 trillion are scrambling to find new homes after their assets were destroyed in the California wildfires, and some companies are looking to find new homes. I'm looking for a headquarters. Anacapa Advisors, a $60.5 million hedge fund, moved into a new […]
US supreme court allows Hawaii lawsuit against fossil fuel firms’ misinformation | US supreme court
The Supreme Court rejected an attempt to invalidate a Hawaii lawsuit that held the fossil fuel industry responsible for a decades-long misinformation campaign. Monday's ruling allows a high-profile lawsuit brought by Honolulu officials to move forward to trial. This is a procedural victory over a spate of climate change liability lawsuits brought against oil and […]
Zuckerberg asks Trump to intervene over EU fines on US tech firms
Meta CEO Mark Zuckerberg said President-elect Trump should block efforts in Europe and other countries to crack down on the U.S. technology industry. Mr. Zuckerberg, who has been eager to court President Trump since the president-elect won the 2024 presidential election, appeared on the “Joe Rogan Experience” podcast last Friday and advocated for more government […]
Kathy Hochul proposes new rules to curb NY home purchases by hedge funds, buyout firms
New York Gov. Cathy Hochul wants to make it harder for private equity firms and hedge funds to buy up residential real estate in the Empire State. Hochul on Thursday proposed several measures in the national budget that would prevent institutional investors from bidding on homes for the first 75 days after they are listed […]
More than half of UK firms planning price rises as confidence falls to two-year low, survey finds – business live | Business
main events Show only major events Please turn on JavaScript to use this feature The yuan falls to a 16-month low. Chinese exchange meets foreign investors Learn more about China. The tightly controlled yuan has fallen to a 16-month low, while Chinese blue-chip stocks have fallen, down 4.1% since the start of the year. With […]
American Energy Firms Are Counting Down The Days Until Trump’s Return
A new survey shows U.S. energy companies are looking forward to his return, driven by President-elect Donald Trump's promise to “drill, baby, drill” in his next administration. Mr. Trump has repeatedly vowed to free up U.S. oil and has made achieving “energy dominance” a key aspect of the incoming administration's agenda. Reply to anonymous investigation […]
Hochul signs bill that will charge energy firms $75B, but critics say customers will really foot the tab
Today, New York Governor Cathy Hochul signed into law the Climate Superfund Act, which charges oil and gas companies an estimated $75 billion over the next 25 years. The controversial bill, proposed by Sen. Liz Krueger and Rep. Jeffrey Dinowitz, is modeled on federal and state Superfund laws that impose penalties on companies accused of […]
House Judiciary Committee probes investment firms over ESG ties
The Republican-led House Judiciary Committee has targeted a group of U.S. asset managers over their involvement in the “woke ESG cartel,” ramping up pressure on environmental initiatives by big investors. The committee, chaired by Ohio Congressman Jim Jordan, joins BlackRock, State Street, and JP Morgan, which are members of a group of international investors that […]