Bloomberg Business

Anti-Woke Scorn Poses Risks for ESG Funds’ Concentrated Ownership

Once a thriving corner of the $6.9 trillion US ETF industry, ESG investing is showing signs of weakness as flows wane and the group comes under growing targeted political attacks. A further, more subtle threat to the sector’s future is the concentration of the few firms backing it.

Warner Introduces Bill That Could Lead to Forced Sale of TikTok

A bipartisan group of lawmakers introduced legislation that would give the president the authority to review and potentially ban or force a sale of the popular video-sharing app TikTok on national security grounds if passed into law.

Traders Are Betting the Fed Will Hike Rates by a Half-Point in March

Bond traders boosted bets that the Federal Reserve may re-accelerate the pace of rate increases at the policy meeting later this month, after central bank head Jerome Powell said he’s ready for faster monetary tightening if economic data justifies it.

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