Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy.

Investors should compound their investments “at an attractive yield in fixed income, with relatively low volatilities attached to it,” BlackRock (BR) Global Fixed Income Chief Investment Officer Rick Rider said Thursday.

Tennessee Attorney General Jonathan Skrmetti announced a settlement with BlackRock on Friday, resolving allegations that the asset manager misled customers regarding the role of ESG factors in its investment practices.

There will be "absolutely" be better clarity on cryptocurrency regulation this year, BlackRock’s (NYSE:BLK) ETF chief said in an interview with CNBC, as "innovation is the story going forward." "There will be progress made on FIT21 (Financial Innovation and Technology for the 21st Century Act),

BlackRock set a record for net inflows in 2024, with more than $600 billion.

The settlement ends a lawsuit that was originally filed in December 2023 by the state of Tennessee under the Tennessee Consumer Protection Act. The suit alleged that BlackRock overstated the financial benefits of ESG-related strategies and didn’t adequately disclose its integration of ESG factors.

BlackRock Inc. is tapping into a fast-growing corner of the options-powered ETF world with an offering aimed at Wall Street investors bracing for the S&P 500 to tread water.

Overseeing some $11.6 trillion, BlackRock is the world’s largest asset manager and houses around $700 billion managed for insurance companies. During the company’s third-quarter earnings call yesterday, Fink pointed to insurance as “one of the primary areas of growth for us.”

In a report released today, Ken Shih from DBS maintained a Buy rating on BlackRock (BLK – Research Report), with a price target of

BlackRock Inc. attracted an annual record of $641 billion in client cash, underlining the firm’s global reach across public and, increasingly, private assets as it integrates multibillion-dollar acquisitions and reshapes its leadership.

BlackRock’s profits rose and assets under management edged up to a record $11.55 trillion in the fourth quarter. BlackRock posted net income of $1.67 billion, up 21% from the same period a year earlier.