The Latest Breaking News from BlackRock

BlackRock and L&G among asset managers using funds with ESG label to invest in coal, oil and gas

Bondholders in French fashion group SMCP (SMCP.PA), the owner of labels such as Sandro and Maje, are expecting first-round, non-binding bids for their 37% stake in the company by mid-May, said two people with knowledge of the transaction. The bondholders, which include asset manager BlackRock and private equity firm Carlyle…

Five years ago it would have been unimaginable, but today there is a global movement convinced the world’s largest corporations are engaging in stealth warfare to transform liberal democracies into neo-communist dictatorships.

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Elon Musk spent much of 2022 selling off Tesla stock, though he remains the company’s largest individual stakeholder. However, many firms have plenty of shares.

In his annual letter, Fink places climate change as a somewhat lower priority than in year's past.

Larry Fink, chief of the largest asset managers in the world, compared the SVB fallout to a "slow rolling crisis" similar to the Savings and Loan crisis.

Larry Fink tells investors more ‘shutdowns and seizures’ in US possible and predicts inflation and interest rates to rise

Should BlackRock’s prediction prove true, borrowing costs would hit their highest level since 2001.