- The article announces the publication of The Economist's second-ever summer double issue, which includes a special 48-page supplement from 1843 magazine.
- The profile of Larry Fink, CEO of BlackRock, explores his role as a champion of environmentally friendly investing in America and the backlash he has faced from the Republican right.
- The article highlights how businesses are increasingly becoming entangled in political battles, such as the sanctions imposed on chipmakers and social media firms due to tensions between the US and China.
- Other features in the issue include an investigation into a $2.5 billion bank heist in Iraq, a report on Myanmar's Gen Z rebels, and an exploration of the potential consequences of the Dalai Lama's death.
- The article encourages readers to enjoy the extended weekly edition and directs them to The Economist's app and website for a continuous stream of news, analysis, and features.
The CEO of Hedgeye Risk Management, Keith McCullough, advises investors to be agnostic and open-minded in order to find opportunities in the upcoming stagflation environment, leading him to invest in health care, gold, Japan, India, Brazil, and energy stocks. He criticizes the Federal Reserve for underestimating future inflation and warns that the market may crash due to tightening policies during a slowdown period. McCullough believes that the Fed will make a hawkish announcement at the upcoming Jackson Hole meeting, further impacting the stock and credit markets. He advises investors to own assets that are not favored by the "Mother of All Bubbles" crowd, such as gold, Japanese equities, and Indian equities, and to consider stagflation plays like energy and uranium. Additionally, he suggests avoiding decelerating sectors like U.S. consumer, retailers, industrials, and financials, while favoring the health care sector.
BlackRock, the world's largest asset manager, rejected 93% of shareholder proposals related to climate and social issues during the 2022-2023 proxy voting season, citing a high number of low-quality proposals and companies already meeting their asks.
BlackRock's potential involvement in Bitcoin's recent price crash is being investigated, but there are several reasons why this claim may be unfounded and not aligned with the company's interests.
BlackRock, the world's leading money manager, has reduced its support for shareholder proposals related to environmental, social, and governance (ESG) factors, raising questions about the company's commitment to sustainability.
BlackRock, a major asset manager, is accused of deliberately driving down the price of Bitcoin in order to establish a better buying position for their Spot Bitcoin Exchange-Traded Fund (ETF) if it is approved, according to analyst Crypto Rover. This highlights the influence of big players in the market and reminds retail investors to be more analytical.
Despite diverse outlooks and mixed economic data, Mason King, a top financial advisor, remains cautious about predicting the market's future, highlighting the potential challenges of monetary restrictions and the uncertain impact of rate increases. However, he sees opportunity in technology and energy stocks, specifically in smaller and mid-cap growth companies, and emphasizes a longer-term investment approach.
BlackRock CEO Larry Fink emphasizes the need for new technologies to reduce the cost of renewables for a successful energy transition.
Shares of BlackRock drop 2% despite beating profit estimates, as the company signals a focus on acquiring new assets, though net inflows for the quarter decreased and CEO Larry Fink stated that clients are waiting for more market certainty before investing.
BlackRock CEO Larry Fink comments on the firm's Bitcoin exchange-traded fund (ETF) application but does not disclose its status, while emphasizing the growing interest in cryptocurrency among clients; the comments came after a false report initially caused a rally in Bitcoin's price.
BlackRock CEO Larry Fink discusses the growing demand for cryptocurrency and the recent rally in the market, while awaiting SEC approval for a bitcoin spot ETF.
Wall Street CEOs Jamie Dimon and David Solomon have warned investors to exercise caution due to economic and geopolitical risks, including the potential impact of fiscal and monetary stimulus waning, conflicts between Russia and Ukraine and Israel and Hamas, and potential economic slowdowns caused by higher interest rates.
BlackRock CEO Larry Fink has shifted his stance on Bitcoin, going from being a crypto skeptic to embracing it as a mainstream asset class.
JPMorgan CEO Jamie Dimon and BlackRock CEO Larry Fink expressed concerns about the 1970s-like economic environment, highlighting the potential for rising interest rates, inflationary forces, and bad policy.
