Investment

Blackrock is the world’s largest asset management and investment firm.

A Chinese company has been cleared by the Biden administration to own 370 acres of land near the Grand Forks Air Force Base in North Dakota.

Several US states divest approximately $11.7 billion from BlackRock due to concerns about the company's commitment to ESG principles, which may present obstacles to state pension funds and expose investors to risks.

This includes a commitment to acquire 100% electric delivery vehicles starting in 2026, as well as the installation of charging infrastructure at USPS facilities and the electrification of 66,000 delivery vehicles.

Republican lawmakers introduced legislation Thursday to nullify the DOL's decision to allow ESG factors as an investment consideration, citing discrimination against the American energy sector.

Committee will evaluate “the investment practices of financial services firms and how those practices affect the state’s public pensions.”

Republican Senator Marco Rubio on Tuesday announced bipartisan legislation to ban China's popular social media app TikTok, ratcheting up pressure on owner ByteDance Ltd amid U.S. fears the app could be used to spy on Americans and censure content.

Arizona Republican Treasurer Kimberly Yee said the state of Arizona will begin divesting "more than $543 million from BlackRock money market funds."

North Carolina state treasurer demands BlackRock CEO Larry Fink “resign or be removed” immediately in Friday letter to company's board of directors.

Over the past few years, environmental, social, and governance (ESG) metrics have become ubiquitous among the biggest Wall Street investment firms and Fortune 500 companies.