Bond yield nears 4% for 10-year Treasury, 2-year nears 2007 high
The 10-year and 2-year U.S. Treasury yields are up on Tuesday as Wall Street traders consider the potential of additional rate hikes from the U.S. Federal Reserve.
BlackRock sustainability chief Bodnar to join Bezos Earth Fund - memo
An ESG advocate at BlackRock is leaving to join Jeff Bezos', the founder of Amazon, Bezos Earth Fund which overseas the allocation of $10 billion in sustainability investment.
BlackRock CEO Larry Fink weighs in on recession probability, US debt default
BlackRock CEO Larry Fink weighed in on the probability of a recession and the risk of the U.S. government defaulting on its debt on "The Claman Countdown."
BlackRock, world’s largest asset manager, buys stake in small-business 401(k) startup
Five states, including California, Oregon and Illinois, started requiring many businesses to offer retirement plans or enroll workers in a state-run savings program, according to AARP.
BlackRock quarterly profit slips on lower fee income
Assets under management stood at $8.59 trillion at the end of the quarter, down from a little more than $10 trillion a year earlier but up from $7.96 trillion in the third quarter.
Markets may be underestimating the threat of high inflation, BlackRock warns
Inflation and peak interest rates will continue to pose a threat to the stock market in 2023 and cause further losses, according to BlackRock analysts.
BlackRock’s CIO Rieder says Fed overtightening ‘dangerous’ to many business sectors
BlackRock’s Chief Investment Officer of Global Fixed Income Rick Rieder sat down with FOX Business on Monday to discuss the likelihood of interest rate hikes from the U.S. Federal Reserve in 2023
SEC charges former BlackRock portfolio manager for failing to disclose conflict of interest
The SEC charged former BlackRock portfolio manager Randy Robertson with not disclosing a conflict of interest when he asked a client to help advance his daughter's acting career.
Kentucky warns BlackRock, JPMorgan Chase over ‘energy boycotts’
Kentucky told 11 financial institutions including BlackRock and JPMorgan Chase to stop boycotting energy companies using fossil fuels or face divestment.
BlackRock's Fink talks Ukraine reconstruction with Zelenskyy
BlackRock CEO Larry Fink and Ukrainian President Volodymyr Zelenskyy held a video conference discussing their coordinated efforts in rebuilding the country
BlackRock not changing stance on ESG investing, despite criticism
BlackRock says it will make no major policies on ESG investing, despite some pushback from Republican lawmakers who criticized the company's policies.
BlackRock CEO Larry Fink roasted by former exec over ethical investing: 'Stop ducking the fight' or resign
The CEO of investment giant BlackRock was grilled by his former “sustainable investing” chief for making the company a “political football" and called for his resignation.
Arizona divesting funds from BlackRock over ESG push
Arizona is divesting most of its funds from BlackRock, joining a growing number of states in resisting the investment firm's push for ESG policies.
ESG fallout: BlackRock CEO Larry Fink should resign, says state treasurer
North Carolina State Treasurer Dale Folwell is calling for BlackRock CEO Larry Fink to resign over the firm's ESG activism, arguing it hurts investors.
BlackRock’s ESG push puts CEO Larry Fink in activist crosshairs
BlackRock, the world’s largest asset manager with about $8 trillion under management, is aggressively pushing ESG initiatives with clients. The move is drawing ire from one of the firm’s smaller investors, Bluebell, who is calling it “hypocrisy” and asking Fink to resign.
Thematic ETFs: What they are and what investors need to know
Thematic exchange-traded funds, or ETFs, target groups of companies that are at the forefront of innovations like robotics, cybersecurity, or clean energy.
BlackRock freezes hiring, reduces spending, CFO says
Gary Shedlin, BlackRock's chief financial officer, reportedly said Tuesday that the firm is freezing most hiring and reducing spending in an effort to be "prudent" ahead of 2023.
DeSantis praised for pulling money from BlackRock over ESG concerns: ‘Illegal leftist scam’
Florida Governor Ron DeSantis was praised for pulling $2 billion in assets away from BlackRock out of concern for the investment firm's pro-ESG policies.
Florida divesting $2 billion from BlackRock over firm's ESG push
Florida is the latest state to announce that it is pulling funds from investment giant BlackRock over the firm's environmental, social and governance push.
BlackRock's Fink says crypto technology still relevant despite FTX
Larry Fink, CEO of BlackRock, blames FTX's collapse on "misbehaviors" not on cryptocurrency itself. Says he believes crypto tech will drive the future