The Latest Breaking News from BlackRock

At a senate committee hearing in Marshall, Texas Republican lawmakers accused investment firms of pulling back on fossil fuels, running afoul of a 2021 law that prohibits the state from contracting with or investing in companies that “boycott” oil, natural gas and coal companies.

Tesla investors are growing tired of Elon Musk's Twitter fiasco. And for good reason.

On December 2, the Federal Reserve’s board of governors released its proposed rule on climate risks for big banks, including its proposed environmental stress tests. The board asked for public comments:

'Central banks [are] pushing policy rates up to levels that damage economic activity,' BlackRock said.

Right-wing politicians are pushing back against the new environmental, social and corporate governance (ESG) investment policies of the world's largest asset managers.

Vanguard, the world’s second-largest asset manager, announced it is resigning from a global net-zero initiative

It’s been a tough couple weeks for BlackRock Inc., the world’s largest money manager, which endured fresh blows from Republican officials sharply critical of ESG.

BlackRock warned investors to expect a recession, persistent inflation, and an era that requires a more “nimble” approach in its 2023 Global Outlook this week.

That was quite the bill of particulars that Mark Brnovich and Doug Peterson laid against BlackRock, the world's largest money management firm, back in August.

They want companies to stay out of politics.

Vanguard Group, the investment giant whose offices in Malvern, Pennsylvania, have been targeted by environmentalists demanding it pressure companies to stop burning carbon fuels, now faces backlash from states who say its efforts to address climate change threaten investment profits for pension funds and other clients.