Focus expected to be on the "dot plot" for any clues to number, timing of any cuts this yearNEW YORK - A Texas schools fund said it told BlackRock on Tuesday it would terminate a contract to manage around $8.5 billion of state money due to the energy investment policies of the world's largest asset manager.
Texas Permanent School Fund Chair Aaron Kinsey said in a statement posted on X that the fund's relationship with BlackRock breached state law against investing with companies accused of boycotting energy companies."BlackRock's dominant and persistent leadership in the ESG movement immeasurably damages our state's oil and gas economy and the very companies that generate revenues for our PSF ...
The spokesperson cited a $550 million joint venture with oil and gas firm Occidental Petroleum and an event last month where Chief Executive Larry Fink and a Texas official pledged to work together to invest in the state's energy infrastructure.OTTAWA — Canada's inflation figures came in softer than expected for a second consecutive month, suggesting to economists that the Bank of Canada will have ample grounds to begin cut interest rates in the coming months.