BlackRock admits ESG advocacy could prove bad for business
BlackRock wrote in a filing to the SEC that CEO Larry Fink's environmental, social, and governance policies (ESG) advocacy is a risk factor that could hurt it financially.
BlackRock says 'mega forces' like AI, green energy transition are sparking structural economic changes
Massive financial asset manager BlackRock is warning that major forces, like artificial intelligence and green energy, are driving change across the economy.
Wall Street firms block client access to new spot Bitcoin ETFs
Large Wall Street firms are blocking retail investors from accessing the new “spot" Bitcoin ETFs recently approved by the SEC, FOX Business has learned.
BlackRock layoffs coming as firm matures, ESG pullback and Bitcoin ETF approval
Money management firm BlackRock plans to announce layoffs of about 3 percent of its global workforce in the coming days, totaling about 600 employees.
Some companies revise diversity policies amid conservatives’ lawsuit threat
Several major U.S. companies changed their internal diversity policies and programs amid legal threats from conservative groups opposed to DEI initiatives, per a Reuters analysis.
Tennessee sues BlackRock in first-of-its-kind ESG lawsuit
FIRST ON FOX: Tennessee filed a lawsuit Monday against financial asset manager BlackRock, alleging the firm has violated consumer protection laws by pursuing climate initiatives.
BlackRock, State Street face subpoenas in House ESG probe
The House Judiciary Committee announced Friday that leading asset managers BlackRock and State Street will face subpoenas amid the panel's investigation of ESG investing.
Wall Street CEOs standing up for Israel and against pro-Hamas colleges
A handful of Wall Street CEOs continue throwing their weight behind Israel after the deadly attacks by Hamas, expressing outrage at the terrorist group as well as the American universities that are pro-Hamas.
BlackRock CEO Fink: ‘World needs to get back its moral compass’
BlackRock CEO Larry Fink said in appearance on "The Claman Countdown" that the "world needs to get back its moral compass" in the wake of Hamas' terror attack on Israel.
Blackrock CEO Fink weighs in on Bitcoin ETF rumor
A false rumor rippled through the crypto world on Monday, sending Bitcoin prices higher after a report said the SEC had approved BlackRock's Bitcoin ETF application. CEO Larry Fink weighs in.