The former representative for Indiana’s 4th Congressional District is accused of illegally garnering stock windfalls by exploiting his consulting clients’ corporate secrets years after he left Congress.
A controversial proposal cracking down on alleged ESG investing in public pensions—while supporting “discriminated” businesses in contentious industries—passed the House mostly along party lines Monday.
House Bill 1008 seeks to block the Indiana Public Retirement System, the Indiana State Police Pension Trust and their respective publicly traded financial managers from making investment decisions based on environmental, social or corporate governmental policies, or ESG.
The members of Congress want companies that accept money authorized by the Chips and Science Act to be restricted from engaging in stock buybacks for at least 10 years.
State senators are pointing to their less-stringent alternative as House lawmakers scramble to tighten up their bill on environmental, social and governmental investment.
An updated fiscal analysis for the legislation shows that over the next decade, the bill, if enacted, could reduce investment returns on defined-benefit funds by $6.4 billion and defined-contribution funds by $300 million.
An Indiana House committee on Thursday approved a bill requiring the state’s public pension system to divest from and terminate business relationships with firms or funds that use non-financial environmental, social and governmental framework factors in investment decisions.
Indiana senators on Wednesday said the state’s pension system should prioritize return on investment in one bill—not environmental and social concerns—even as they advanced another bill requiring the system to divest from China-related investments.
Around Indiana and the nation in recent weeks, special purpose acquisition companies, or SPACs, are shutting down and returning money to investors. In other cases, investors are taking a bath.
Many startups are attempting to find their wings at a time when consumers are tightening their belts and being more picky about how to spend their money.
House Republican leadership appears poised to dive into culture war issues again when the legislative session starts in January, setting a target on environmental, social and government-focused investing within the Indiana Public Retirement System.
The benchmark index fell 0.3% Friday, the last trading day of the year, leaving it down 19.4% for the year.
The personal finance columnist explains what he calls the “power percentage” and also ventures to make a few optimistic predictions for 2023.
Indiana Attorney General Todd Rokita was among the leaders of multistate effort to stop companies like Vanguard from ESG investing, which puts an emphasis on environmental, social, and governance issues.
Indiana’s pension system lost $200 million in two months after Russia invaded Ukraine in early 2022, but that’s loose change for a system with $45.8 billion in assets invested all over the world.
The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices.
The political fight is only getting fiercer over whether it’s financially wise or “woke” folly to consider a company’s impact on climate change, workers’ rights and other issues when making investments.
Conservative Republican blowback continues to grow against a concept known as ESG investing, which takes environmental, social and corporate governance concerns into consideration when assessing the value of companies.
Indiana’s entrepreneurial community has high hopes that the new service will help attract more out-of-state investment in Hoosier startups.
The hotter-than-expected inflation reading has traders bracing for the Federal Reserve to ultimately raise interest rates even higher than expected to combat inflation, with all the risks for the economy that entails.
