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BlackRock shifts focus to climate change

5 monthes ago   |   By Finance Commerce

BlackRock, the world's largest asset manager, will make climate change central to its investment decisions.
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'A fundamental reshaping of finance': The CEO of $7 trillion BlackRock says climate change will be the focal point of the firm's investing strategy

'A fundamental reshaping of finance': The CEO of $7 trillion BlackRock says climate change will be the focal point of the firm's investing strategy

5 monthes ago   |   By Business Insider

The CEO of $7 trillion investment firm BlackRock said in his annual letter on Tuesday that climate change will become the center of the firm's investment strategy
The risk from climate change will force businesses and investors to shift their strategies, leading to a "fundamental reshaping of finance," Larry Fink said.
Fink warned that risk will cause a "significant" reallocation of capital "sooner than most anticipate."
He called on governments, companies, and investors to combat climate change.
This article is part of the Better Capitalism series, which tracks the ways companies and...
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The Inconvenient Facts On Australian Bushfires

5 monthes ago   |   By Forbes

Those who have chosen to wage their political battles over climate change through science - whatever side they are on - will certainly not be happy with the nuanced, somewhat complex, present state of detection and attribution of wildfire to human-caused climate change.
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Jane Fonda explains why she's willing to get arrested in the fight against climate change

Jane Fonda explains why she's willing to get arrested in the fight against climate change

5 monthes ago   |   By Business Insider

For the past four months, actress and activist Jane Fonda has organized protests in Washington, DC, to protest climate change.
Her "Fire Drill Fridays," inspired by teenage climate activist Greta Thunberg, led thousands of people to march and protest in front of the US Capitol.
At Fonda's final protest on Friday, actors Joaquin Phoenix and Martin Sheen were among those arrested for refusing to disperse. Fonda herself was arrested five times since the protests began.
Business Insider Today sat down with the actress and activist to learn why she thinks civil disobedience will lead to...
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July 5 COVID-19 Test Results

July 5 COVID-19 Test Results

The US is now conducting over 600,000 tests per day, and that might be enough to allow test-and-trace in some areas. Based on the experience of other countries, the percent... Read more ...

Census: Household Pulse Survey shows 32% of Households Expect Loss in...

Census: Household Pulse Survey shows 32% of Households Expect Loss in Income; 24.5% Concerned about Housing

Note: The question on lost income is always since March 13, 2020 - so this percentage will not decline. From the Census Bureau: Measuring Household Experiences during the... Read more ...

Coronavirus cost global economy 400 MILLION full-time jobs - UN labor agency

Coronavirus cost global economy 400 MILLION full-time jobs - UN labor agency

Global working hours are expected to have plummeted by 14 percent in the second quarter of 2020 as a result of the Covid-19 pandemic, according to the International Labour... Read more ...

This VC's tech startups are soaring in the downturn - here are five new...

This VC's tech startups are soaring in the downturn - here are five new companies he think will pop and three trends he says will emerge from quarantine

Jai Das of Sapphire Ventures has watched Netskope, Auth0, Box, and Square flourish while other companies have failed. Das says an economic downturn "accelerates what happens... Read more ...

A Look Into The Wild Economy Of Tabletop Board Game Funding

A Look Into The Wild Economy Of Tabletop Board Game Funding

The tabletop gaming community has quietly been shifting toward a new type of funding model where fans have increasing say over which games make it to their living rooms. (Image... Read more ...

Banks' and lenders' payment deferment for COVID-19 will be ending soon. If...

Banks' and lenders' payment deferment for COVID-19 will be ending soon. If you still can't pay, it's time to call

Your COVID-19 deferral period for credit card, loan, mortgage, or insurance payments may be coming to an end soon. If you still can't pay, call the company's customer support... Read more ...

Why historically high unemployment should embolden investors to take more...

Why historically high unemployment should embolden investors to take more market risk, according to a Wall Street chief strategist

The still-lofty unemployment rate offers investors the latest sign to return to the stock market, James Paulsen, chief investment strategist at The Leuthold Group, said... Read more ...

Moscow among top 20 best ‘tech cities' in Europe

Moscow among top 20 best ‘tech cities' in Europe

The Russian capital has made it into a list of the top 20 European cities with the most promising prospects for start-ups, tech and innovation investment, according to the Tech... Read more ...

July 4 COVID-19 Test Results

July 4 COVID-19 Test Results

The US is now conducting over 600,000 tests per day, and that might be enough to allow test-and-trace in some areas. Based on the experience of other countries, the percent... Read more ...

7 insights about getting rich buried inside Benjamin Franklin's 250-year-old...

7 insights about getting rich buried inside Benjamin Franklin's 250-year-old book on wealth

Over 250 years ago, Benjamin Franklin wrote an essay on money and success in "The Way to Wealth." The tips are written as proverbs but offer mindful advice around... Read more ...