The world perhaps didn’t anticipate yet another demonstration of the unpredictability of cryptocurrency, but it was presented with one on Monday. In a matter of minutes, the price of bitcoin surged by around 10% to nearly $30,000, all due to a fake news report, as reported by Insider. However, the gains were quickly lost when …
BlackRock, the world’s largest asset manager, has addressed social media reports about the approval of its long-awaited bitcoin exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC). A BlackRock spokesperson stated that the iShares Spot Bitcoin ETF application is still under review by the SEC. After Cointelegraph’s post regarding the ETF on X …
BlackRock, the world’s largest asset manager, has faced challenges due to its association with Environmental Social Governance (ESG) investment guidelines. Despite its profitability, the firm has been criticized by red state government officials and conservative commentators who blame its ESG screening for higher gas prices and inflation. However, it’s important to note that BlackRock’s pure …
Vivek Ramaswamy’s Asset Management Fund Surpasses $1 Billion in Assets Republican Presidential Candidate Vivek Ramaswamy’s “Anti-Woke” Asset Management Fund Reaches $1 Billion in Assets Vivek Ramaswamy, a Republican presidential candidate, has achieved a significant milestone with his asset management fund. The Ohio-based firm, Strive, has surpassed $1 billion in assets under management. Strive differentiates itself …
The Vanguard Group has announced that it has only approved 2% of environmental and social resolutions brought by shareholders in 2023, a significant decrease from the 12% approval rate recorded last year. This follows a similar trend seen by BlackRock, as both investment giants reject a considerable number of climate and social proposals. This shift …
ESG is facing a decline, evident from the actions of BlackRock, a prominent financial manager and strong advocate of Environmental, Social, and Governance investing. In a bold move, BlackRock acknowledged that the ESG movement has gone too far and vowed to be part of the solution to prevent its excessive influence from damaging the US …
The House Select Committee on Strategic Competition between the United States and the Chinese Communist Party has recently launched an investigation into BlackRock, an investment firm. Chairman Mike Gallagher (R-Wis.) and Ranking Member Raja Krishnamoorthi (D-Ill.) penned a letter to Larry Fink, BlackRock’s Chairman and CEO, accusing the company of unknowingly using its American customers’ …
The finance industry’s short-lived affair with “responsible” investing in the form of Environmental, Social, and Corporate Governance (ESG) is coming to an end. Investment managers, including BlackRock, are distancing themselves from ESG. BlackRock CEO Larry Fink announced at the Aspen Festival of Ideas that he will no longer be using the term “ESG,” which is …