BlackRock given new deadline by FDIC over bank stakes: report

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US bank regulator gives BlackRock February deadline on bank stakes, Bloomberg reports

The FDIC may open an investigation into BlackRock and demand more information from the company if it fails to make sufficient progress toward resolving the issues, the report said. The move by the FDIC follows a Jan. 10 deadline that BlackRock failed to meet, according to the report. The FDIC declined to comment, while BlackRock did not immediately respond to a request for comment on Sunday.

Yahoo | January 12, 2025

A Russell 2000 Bull Market Could Be Coming: 1 Spectacular BlackRock ETF to Buy Hand Over Fist Before It Gets Here

The Russell 2000 index is home to approximately 2,000 of the smallest companies listed on U.S. stock exchanges. While the major market indexes like the S&P 500 (SNPINDEX: ^GSPC) have soared to new highs recently, the Russell still technically hasn't grown because it hasn't closed above its previous record level from 2021. Since the Russell only needs to climb by another 8.9% to close at a record high, those factors could be enough to trigger a new bull market.

Yahoo | January 12, 2025

Judge Rules American Airlines Violated Retirement-Plan Duties by Encouraging ESG Investing

A federal judge ruled Friday that American Airlines violated its legal responsibilities in managing employees’ retirement assets by encouraging environmentally and socially responsible investing in its 401(k) plan. U.S. District Judge Reed O’Connor in Fort Worth, Texas, said American breached its duty to employees because BlackRock an asset manager the airline uses for its retirement funds, favored so-called ESG goals and based investment decisions on factors other than financial interests. In the suit, an American airline pilot alleged that the company’s retirement investment plans through BlackRock underperformed because of the firm’s ESG focus.

Yahoo | January 11, 2025

BlackRock in talks to sell stake in the entertainment company Authentic Brands - report

More on BlackRock, Inc.

• BlackRock: Now Is Not The Time To Buy (Rating Downgrade)
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• Seeking Alpha | January 10, 2025

BlackRock seeks to extend FDIC's deadline until March 31 - report

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• BlackRock: Now Is Not The Time To Buy (Rating Downgrade)
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• Seeking Alpha | January 10, 2025

The CEOs Who Are Tearing Up the Policies Trump Hates

Companies seeking to benefit from campaign promises to cut regulations and taxes are ditching diversity and climate initiatives; “EVERYBODY WANTS TO BE MY FRIEND!!!”

Yahoo | January 10, 2025

UN chief upset Blackrock quit climate group, urges others to stay

U.N. Secretary-General Antonio Guterres is disappointed that the world's biggest asset manager, BlackRock BLK.N, has left a global initiative to combat climate change, his spokesperson said on Friday, urging other companies to "stay the course." BlackRock, which manages some $11.5 trillion, said that its membership "caused confusion regarding BlackRock's practices and subjected us to legal inquiries from various public officials." Under the voluntary Net Zero Asset Managers Initiative, Blackrock had pledged to support the goal of net zero greenhouse gas emissions by 2050, using influence such as how it votes proxies at corporate meetings.

Yahoo | January 10, 2025

Stocks to watch next week: Goldman Sachs, Antofagasta, TSMC, Vistry and Ocado

Earnings preview of key companies reporting next week and what to look out for.

Yahoo | January 10, 2025

BlackRock Plans Headcount Reduction by 1% Under Strategic Realignment

BLK intends to reduce its staff by about 1% to reallocate its resources to its strategic priorities to build a dynamic organization.

Yahoo | January 10, 2025