Larry Fink says BlackRock 'isn't perfect.' These new incentives could help
CNN
The world's largest asset manager could soon be paying less to borrow money if it meets diversity goals and boosts its sustainable investing.
BlackRock has for the first time linked the cost of tapping bank lending to three metrics: how many women are in senior roles, Black and Latino employment, and how much it invests in assets that benefit society and the environment. The interest rate and fee that BlackRock pays lenders on any amounts it draws from its primary credit facility, worth $4.4 billion, will rise or fall annually from 2022 depending on the number of targets it meets. The Wall Street Journal was first to report the story.
A stark new reality in Europe — that its long-time ally and security guarantor, the United States, may not come to its rescue in a future war — has set the stage for a faster ramp-up in military spending on the continent.
Inflation is picking up again and President Donald Trump said this week it’s all his predecessor’s fault. But no matter who Trump blames for inflation, America’s economic mood is now souring — and Trump is getting the heat for it.
The Trump administration is planning to fire members of the independent government board that oversees the US Postal Service, a move that could serve as a step toward privatizing the service, according to multiple published reports.
College campuses embroiled in allegations of antisemitism are bracing for a crackdown by the Trump administration.
Boeing has had six years of production problems, safety issues, delivery delays and unhappy buyers of its aircraft. But President Donald Trump’s anger at the delays for the next generation of Air Force One jets could result in a huge blow to what remains of the company’s prestige and finances going forward.
Apple offered the latest version of its budget friendly phone for pre-sale in key markets on Friday, in an effort to woo customers in price-sensitive countries like China and India.
When German voters go to the polls Sunday, the country’s moribund economy — and promises to fix it — will be front of mind. But Donald Trump’s looming import tariffs will make that daunting task even harder for the new government.
Delta Air Lines is offering passengers who were on the flight that crashed and overturned at Toronto Pearson International Airport $30,000 each.
US stocks fell Thursday after the world’s largest retailer warned that 2025 would be a rollercoaster ride and said it expected sales to slow this year amid fears that consumers are tapped out.
No one wants to pay taxes, and practically every American dislikes the IRS. But, as the saying goes, the only guarantees in life are death and taxes. So the IRS is here to stay.
Imagine having a language tutor who was always on, available anytime to teach you new vocabulary or check up on your progress.
Shoppers flooded to Walmart for groceries and clothing last year. But 2025 will be trickier for the retail giant as inflation ticks back up and Trump’s tariffs kick in.
Trump says DOGE could return 20% of its savings directly to taxpayers. That could reignite inflation
President Donald Trump said he is considering a plan that would give 20% of savings identified by Elon Musk’s Department of Government Efficiency (DOGE) back to Americans, potentially complicating the country’s ongoing battle with elevated inflation.