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BlackRock shifts focus to climate change

9 days 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

9 days 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

9 days 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

9 days 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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SoFi dumps Visa and makes Mastercard its exclusive partner as it gears up to...

SoFi dumps Visa and makes Mastercard its exclusive partner as it gears up to add a credit card alongside its debit card

SoFi, the online lender and personal finance platform, on Thursday said it had reached an exclusive card network partnership with Mastercard. The SoftBank-backed startup... Read more ...

JPMorgan Chase has named the president of its co-brand credit cards business...

JPMorgan Chase has named the president of its co-brand credit cards business as its new CMO

JPMorgan Chase has named Leslie Gillin as its new CMO. Gillin will oversee the Chase, JP Morgan, and corporate brands in her new role. She most recently served as the president... Read more ...

GOLDMAN SACHS: Lagging fund inflows can drive the stock market even higher

GOLDMAN SACHS: Lagging fund inflows can drive the stock market even higher

The stock market is having room to run even higher this year despite a 29% gain in 2019 and warnings of a reversal, Goldman Sachs analysts wrote. Fund inflows are lagging the... Read more ...

General Catalyst's newest partner wants to bring Silicon Valley's...

General Catalyst's newest partner wants to bring Silicon Valley's controversial relationship with Washington, DC, back from the brink

On Thursday, General Catalyst announced that journalist-turned-VC Katherine Boyle was promoted to partner. Boyle has led some of the firm's most controversial investments in... Read more ...

Weekly Initial Unemployment Claims Increase to 211,000

Weekly Initial Unemployment Claims Increase to 211,000

The DOL reported : In the week ending January 18, the advance figure for seasonally adjusted initial claims was 211,000, an increase of 6,000 from the previous week's revised... Read more ...

The Wuhan virus isn't just hitting Chinese stocks - here's how global oil...

The Wuhan virus isn't just hitting Chinese stocks - here's how global oil and bond markets are moving

Oil fell on Thursday after the Chinese stock market plunged on Wuhan virus fears. Japanese Government Bonds, often seen as a safe-haven asset, tightened. Watch oil trade live... Read more ...

I'm a financial adviser, and this is my best advice for what to do when the...

I'm a financial adviser, and this is my best advice for what to do when the stock market crashes

If you're panicking about stock market dips - or even an upcoming recession - there are a few actions you can take to quell your anxiety. The most important thing to do... Read more ...

13 consulting firms where you can earn more than $200,000 right out of...

13 consulting firms where you can earn more than $200,000 right out of business school

For a recent MBA grad, a $170,000 entry-level base pay isn't too out of reach, according to the latest salaries report by Management Consulted , a company that helps graduates... Read more ...

Not Ready For Economic Collapse: Only 41 Percent Of Americans Have $1000 To...

Not Ready For Economic Collapse: Only 41 Percent Of Americans Have $1000 To Cover An Emergency

We better hope that the U.S. economy holds together in 2020, because if there is any sort of major economic crisis much of the country is going to be broke almost immediately... Read more ...

U.S. Drinking Water Widely Contaminated With 'Forever Chemicals,' Watchdog Says

U.S. Drinking Water Widely Contaminated With 'Forever Chemicals,' Watchdog Says

Some of the highest levels have been found in Miami, Philadelphia and New Orleans, according to a new report. Read more ...