The Latest Breaking News from BlackRock

Ex-BlackRock headhunter Elizabeth Wallace takes role, in attempt to overhaul group’s internal culture

Former BlackRock and Hg employee Elizabeth Wallace will take over as chief people officer

Oklahoma State Treasurer Todd Russ (R) on May 3 issued a list of 13 financial institutions that are ineligible to do business with the state under a 2022 law because, according to Russ’s office, they engage in energy boycotts that, in its opinion, hurt the state’s economy. The listed institutions…

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.

“Investors betting on continued U.S. outperformance may be making a perilous assumption,” AQR Capital Management’s Cliff Asness warns.

The Federal Reserve raised interest rates again on May 3, 2023, by a quarter point, making it the Fed’s 10th rate hike since March 2022 in an ongoing fight to tame inflation. These rate hikes have been reverberating through the economy, raising prospects of a recession amid heightened concerns about…

Russian casualties mark acceleration even when compared with first days of the war, says White House national security council spokesperson. Plus, all the coverage from the Met Gala

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…

We need to shine a spotlight on the acquisition of such basics as housing, schools and water networks, says Brett Christophers, a professor of economic geography

Exclusive: Debt Justice says hardline stance is preventing progress on alleviating poverty