BlackRock's institutional clients are more concerned about climate change and inflation than cryptocurrencies, CEO Larry Fink told CNBC.
Many oil companies have signed onto a World Bank pledge to stop routine flaring by 2030. Climate experts say US energy companies need a more ambitious goal.
CEO Larry Fink spoke after BlackRock reported that assets under management surged to a record $8.68 trillion.
The world’s biggest investor is putting sustainability at the center of its investment approach for the future.
"We have a strong conviction that the average investor still is under-invested," BlackRock CEO Larry Fink told CNBC.
Wall Street banks make progress on climate change finance, but a group of big investors representing $1 trillion warn Federal Reserve Chair Jay Powell of systemic market risks.
"If we all cared about our fellow citizens a little more, we will be resolving this crisis much sooner," BlackRock CEO Larry Fink told CNBC.
Some experts say America needs to perform 20 million to 30 million tests a day to begin getting the economy back to normal.
Dow futures were pointing to a gain at Thursday's open even as 5.245 million more Americans filed for first-time jobless claims last week.
"Let's be clear: Anxiety is still very high," BlackRock co-founder CEO Larry Fink said.
"We could have seen the bottom," BlackRock co-founder and chief Larry Fink told CNBC.
Covid-19 has infected more than 2,151,100 people around the world as of Thursday, killing at least 142,735 people.
New York Gov. Andrew Cuomo called on the federal government to expand coronavirus testing availability.
"As dramatic as this has been, I do believe that the economy will recover steadily," Fink says.
"Our investment thesis is based in statistics, physics and economics," Hannon Armstrong CEO Jeffrey Eckel said.
Elizabeth Warren wants Blackrock's Larry Fink to put more force behind his pledge to have the world's largest money manager to tackle climate change, and detail how he expects to do it.
Delta is committing at least $1 billion over the next decade to reduce its environmental impact, CEO Ed Bastian said.
Shortly after the open, Tesla almost got there, hitting an all-time intraday high of $940 per share for a market cap of about $165 billion.
"I am not here, though, to take political stands. My job is to help you try to make money," CNBC's Jim Cramer said.
CNBC's Jim Cramer said Friday that he's done with fossil fuel stocks because young investor's concerns about climate change are holding them down.