News Formal

Florida pulls money from BlackRock - Jacksonville Business Journal

  • 📰 JaxBizJournal
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Florida pulls money from BlackRock over ideological differences

announced Thursday that Florida will immediately freeze about $1.43 billion in long-term securities and about $600 million in short-term overnight investments managed by BlackRock because of the firm’s use of “Environmental, Social, and Governance” standards --- known as ESG.

Patronis said the state Department of Financial Services oversees about $60 billion and that the money with BlackRock will be moved “elsewhere.” "Stakeholder capitalism is not about politics," Fink wrote."It is not a social or ideological agenda. It is not 'woke.' It is capitalism, driven by mutually beneficial relationships between you and the employees, customers, suppliers, and communities your company relies on to prosper.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 599. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Florida pulls money from BlackRock - Jacksonville Business JournalFlorida will pull $2 billion from the largest asset-management firm in the world over ideological differences.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Brucci's Pizza closes in Jacksonville - Jacksonville Business JournalBrucci's Pizza owner says inflation and local economy forced shutdown.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Florida unemployment claims continue to decrease, report finds - Jacksonville Business JournalThe latest report shows Florida's unemployment rates continue to decline.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

With Emerald Trail work underway, more segments expected to go out for bid - Jacksonville Business JournalAs well as construction, Groundwork Jax is putting in place a plan that will ramp up employment.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Artist behind Blackfly the Restaurant keeps looking for ways to grow brand - Jacksonville Business JournalVaughn Cochran has built a following based on his love for fishing, fine food and painting.
Source: JaxBizJournal - 🏆 599. / 51 Read more »

Christmas in Historic Avondale - Jacksonville Business JournalRetailers from the Shoppes of Avondale welcomed the community to the annual outdoor event.
Source: JaxBizJournal - 🏆 599. / 51 Read more »