American Catholic institutions have big investments in oil, gas, and coal; they seem to be ignoring the pope’s call to divest. Although hundreds of other Catholic institutions worldwide are divesting from fossil fuels to fight climate change, not a single diocese in the U.S. has followed suit. The U.S. Conference of Catholic Bishops notes that …
By Karen Freifeld (Reuters) – A bipartisan bill will be introduced by two U.S. senators on Thursday, mandating private equity firms to disclose their investments in China and other countries of concern. The Democratic Senator Bob Casey and Republican Senator Rick Scott are set to introduce the bill, demonstrating the latest effort to monitor U.S. …
By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden plans to showcase $5 billion in new investments benefiting rural Americans during his visit to a family farm in Minnesota on Wednesday. This visit marks the first stop in the White House’s two-week “barnstorming” tour. Thirteen high-ranking administration officials will travel to rural areas in …
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 …
Despite its support of progressive politicians and causes, the influential labor union, SEIU 1199, fails to uphold its own principles when it comes to investing its funds or advocating for its own employees. With a membership of 125,000 healthcare workers primarily based in New York, the union aligns itself with high-profile left-wing Democrat politicians like …
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 …
Wells Fargo has agreed to pay a substantial $35 million civil penalty as part of a settlement with the Securities and Exchange Commission (SEC). The charges were brought against Wells Fargo Clearing Services LLC and Wells Fargo Advisors Financial Network LLC for overcharging over 10,900 investment advisory accounts more than $26.8 million in fees. The …
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 …
Scooter Braun, the Hollywood super agent known for his high-profile clients like Justin Bieber, Ariana Grande, and Demi Lovato, is experiencing a challenging year. Not only has he reportedly lost some of his famous clients, but he is also facing difficulties with his co-founders at TQ Ventures, an investment fund he helped launch in 2018. …
Berkshire Hathaway, the conglomerate spearheaded by the esteemed billionaire Warren Buffett, recently unveiled its latest investments in the homebuilding industry. The company, known for its extensive equity portfolio valued at $353.4 billion as of June 30, has disclosed these investments in a regulatory filing. Despite a slowdown in Berkshire’s homebuilding and remodeling businesses during the …