Tennessee has reached a settlement with BlackRock regarding misleading ESG investment statements BlackRock Settles Lawsuit With Tennessee Over ESG Investment Claims Nashville: So, Tennessee just settled a lawsuit with BlackRock. They accused the big investment firm of misleading folks about its ESG strategy. The state’s Attorney General, Jonathan Skrmetti, said this deal ensures that the…
US energy companies have cut oil and gas rigs to their lowest count since late 2021, according to Baker Hughes’ latest report. US Drillers Reduce Oil and Gas Rigs to Lowest Level Since December 2021 New York: So, it looks like U.S. energy companies are really tightening their belts. This week, they cut the number…
Long-term interest rates are rising, causing rifts among Republicans about funding Trump’s tax cuts amid growing debt concerns Rising Long-Term Rates Create Tensions Among GOP Over Tax Cut Funding Washington: So, it looks like rising long-term interest rates are stirring up some serious tension among Republicans. They’re trying to figure out how to pay for…
As tech stocks stall, other sectors like energy and materials are driving market gains in early 2025 Stalled Tech Stocks Allow Other Sectors to Propel Market Gains New York: So, it looks like the market is shifting gears a bit. The tech giants that usually steal the spotlight are taking a backseat. Instead, other sectors…
The EU is intensifying its probe into X’s algorithms, seeking internal documents to ensure compliance with content moderation laws. EU Requests Internal Documents from X Amid Algorithm Investigation Brussels: The EU is really ramping up its investigation into X, the platform owned by Elon Musk. They’ve asked for internal documents about how their algorithms work,…
Traders are shifting their Treasury futures bets following recent inflation data and comments from a Fed official about potential rate cuts Treasury Futures Traders Adjust Positions Amid Fed Rate Cut Speculation New York: Futures traders are making some big moves in the Treasury market. This comes after some pretty calm inflation data and a Fed…
Trump’s advisers aim to transform a government agency into a major investment tool Trump’s Team Eyes Wealth Fund Strategy for Small Lending Agency Washington: So, Donald Trump is looking to create what he calls “the greatest sovereign wealth fund of them all.” His team thinks a government agency could help pull in a ton of…
Generali is set to buy a majority stake in MGG Investment Group to boost its private asset business Italy’s Generali to Acquire US Credit Investment Firm MGG for $320 Million New York: So, here’s the scoop. Generali, the Italian insurance giant, is buying a big chunk of MGG Investment Group, a credit investment firm based…
Shipping companies remain cautious about returning to the Red Sea despite a ceasefire deal. Shippers Hesitant to Return to Red Sea After Israel-Hamas Agreement Tel Aviv: Shipping companies are being super careful about going back to the Red Sea. This comes after the Houthis in Yemen hinted they might pause their attacks on commercial ships.…
French cognac producers ramp up shipments to the U.S. as they brace for potential tariffs and see rising demand French Cognac Exports to US Surge Ahead of Trump Inauguration Paris: So, it looks like French cognac makers are really stepping up their game. They’ve been sending a lot more cognac to the U.S. in December.…
