The Latest Breaking News from Morningstar

After starting as a niche corner of the finance world, ESG investing has since exploded to become a major force on Wall Street _ and the latest front in the nation’s cultural schism

A group of 25 Republican attorneys general sued Labor Secretary Marty Walsh and the Labor Department over a Biden administration regulation that gives retirement plan sponsors more freedom to consider environmental, social and governance factors when selecting investments.

In response to House Republicans’ plans to use their new majority to investigate the ESG movement, three Democratic senators penned an op-ed accusing their GOP colleagues of overstepping. The three senators—Sheldon Whitehouse (D-R.I.), Brian Schatz (D-Hawaii), and Martin Heinrich (D-N.M.)—also accused Republicans who oppose ESG of being anti-capitalist:

Climate conscious investors have channeled billions of dollars into clean energy but investment flows into protecting and better managing the world's ecosystems remain minute by comparison.

Ald. Ray Lopez said he believes the contribution from billionaire Joe Mansueto, founder of Morningstar, Inc., “represents a gross & familiar abuse of power and, at minimum, a potential violation” of the city’s ethics ordinance.

Marie Trzupek Lynch founded the job placement organization in 2012 and now has it on a national expansion campaign.

Morningstar Research (Thailand) projects US inflation to drop sharply in the first half of next year, saying the Federal Reserve is doing more than is required to bring inflation back to 2%.

Investment firm Morningstar's risk ratings are not off the hook in Arizona.

Only money market funds and foreign funds recorded net purchases in the first nine months of this year, while the overall mutual fund industry reported net outflows of 230 billion baht as investors divested high-risk funds amid market volatility, says Morningstar Research (Thailand).