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BlackRock and State Street grilled by Texas lawmakers in ESG debate

Texas lawmakers pressed finance industry executives they summoned to a remote corner of the state for a hearing Thursday, questioning whether their environmental, social and governance policies are hindering state pension investments.

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Texas state Republicans spar with BlackRock face-to-face over 'woke' ESG climate investing

Major Wall Street firms such as BlackRock were grilled by the Texas Legislature on Thursday about their ESG investment practices with state pensions, marking a rare opportunity for Republicans to publicly interrogate some of the world's largest financial institutions that they accuse of being woke.

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State Street predicts 'powerful disinflationary episode' in 2023

A deep-dive into next year s macroeconomic trends foresees a global market shrouded in uncertainty.   State Street Global Advisors (SSGA) has published this year s Global Market Outlook: Navigating a

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Money manager faces climate blowback as ESG loses shine

The world’s largest money manager, BlackRock, is under fire from Republican officials in the US as sustainable investing comes under severe scrutiny.

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How Wall Street Bulls Are Reacting to Fresh Inflation Data

A top JPMorgan strategist broke down why he's adopted a bullish outlook after last week's data and experts share top stock picks for recessions.

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