Research
Unexciting Earnings May Be Warning Sign, BlackRock Says
Projected S&P 500 profits rose just 6.7% in the second quarter, and even slower results are ahead. Not good for stocks, the firm contends.
Tag: BlackRock
Newsmakers
19 GOP Attorneys General Slam BlackRock Over ESG Investments
‘Fiduciary duty is not lip service,’ says August 4 letter, which is addressed to CEO Larry Fink and seeks ‘clarification on actions that appear to have been motivated by interests other than maximizing financial return.’
Newsmakers
Governor Moves to Bar Florida SBA From ESG Investing
Although the state's funds are hardly a hotbed of climate activism, DeSantis joins other GOP pols in opposing ‘woke capital.’
News
BlackRock: Why Buying the Dips Is a Bad Idea Now
The outlook for profits, valuations and the Fed are dispiriting, says a study from the asset manager.
Regulation
PBGC Soon to Release New Final Rule on Special Financial Assistance for Multiemployer Plans
Public commenters expressed concerns over investment restrictions, discount rate calculations.
Newsmakers
GOP-Led States Ban Pension Plans From Dealing With ESG-Backing Firms
Texas probes whether BlackRock and other asset managers are boycotting fossil fuels.
Asset Allocation
The First Quarter Was Bad for Asset Managers’ Stock, Even Though Their Fourth Quarter Earnings Ruled
Amid the market carnage of early 2022, the long-term outlook is good for the money mavens.
Asset Managers Hustle to Offer Better-Yielding Cash Funds
With rates pointing up, Northern Trust, BlackRock, and others aim for liquidity-laden institutional clients.
Asset Allocation
Bonds Stink as a Refuge From Stocks, but BlackRock Sees a Work-Around
The firm makes a case for TIPS and Chinese government paper, as alternatives.
Risk
Kentucky Teachers’ Pension Loses $3 Million After Selling Russian Investments
Other pensions around the country are likely facing similar losses.
Newsmakers
ESG Activist Larry Fink Takes Heat From Right and Left
The BlackRock CEO is either too radical or too namby-pamby, critics say.
Asset Allocation
Insurance Firms Seek Out Sustainable Investments for Higher Yields
A report finds climate change and a low-return environment are spurring ESG investing among insurers.
Newsmakers
Maryland to Launch Retirement Program in Summer 2022
MarylandSaves is the first state-sponsored automatic plan to provide income during retirement.
Newsmakers
Fidelity, State Street Offer Retirement Plans With Income Streams
The SECURE Act has lifted barriers and made it easier for firms to offer annuities in retirement plans.
Newsmakers
Larry Fink Says We Need to Work With, Not Against Hydrocarbon Companies. But Can We Trust Them Given Their History?
The CEO of BlackRock, the largest money management firm in the world, argued for moving to a more decarbonized business model worldwide.