Latest news with #AlexisKeenan
Yahoo
17-06-2025
- Business
- Yahoo
Supreme Court gets petitioned to review tariffs: What to know
US businesses are pushing back against President Trump's tariffs with new urgency. Yahoo Finance Senior Legal Reporter Alexis Keenan joins Market Domination to explain how two importers are petitioning the Supreme Court to intervene before lower courts issue rulings, calling the tariffs an 'imminent threat.' To watch more expert insights and analysis on the latest market action, check out more Market Domination here.
Yahoo
11-06-2025
- Business
- Yahoo
Trump tariffs to remain in place for now
An appeals court has ruled that President Trump's "Liberation Day" tariffs can stay in place for now while the legal fight over the levies proceeds. Yahoo Finance Senior Legal Reporter Alexis Keenan reports the details in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
- Yahoo
Texas removes BlackRock from state blacklist after ESG pushback
After pulling back from ESG initiatives (Environmental, Social, and Governance) as a result of pushback from Texas trade officials, BlackRock (BLK) was removed from the state's blacklist that bars financial institutions from from being state contractors and receiving state investments. Yahoo Finance legal correspondent Alexis Keenan comes on Market Domination Overtime to explain the events and what this victory means for BlackRock and CEO Larry Fink. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. BlackRock getting back in good stead with the key Texas official after retreating from environmental, social, and governance initiatives. For more, let's bring in Yahoo Finance senior legal reporter Alexis Keenan. There had been a bit of a fight between Texas and BlackRock. A three-year-long fight, at least, and it was out of a Texas law that banned the state funds from being used to invest in companies that were antagonistic to fossil fuel production. So Texas has had on this law in the books, uh, passed in 2021, and BlackRock has been dealing with it, as have other companies since then. Uh, specifically, the law states that investments from the state's coffers cannot go to companies that harm, penalize, or limit the industry. So now, these Texas pension funds and other funds from the state, they're going to be able to be used to buy most of BlackRock's products. There are some funds that don't qualify still, and they're still on that blacklist. And this all, of course, comes after the CEO Larry Fink had disentangled BlackRock from a number of climate initiatives, two specific ones that the controller in Texas cites to in doing this pullback. Uh, in a statement, BlackRock said to Yahoo Finance that it's proud to help millions of Texas retire, Texans retire with dignity, and on behalf of clients, invest over 400 billion in corporations, local governments, energy infrastructure all throughout the state. Uh, a report from the Wall Street Journal has said that the law did indeed lead Texas to pull what they say billions. I don't say how many billions. We've asked as well, from, uh, from its investments. So this will change things significantly. It's there there's still big numbers, despite it being probably a drop in the bucket for BlackRock. It's still a lot of money when it comes to Texas. So at the same time, you have an antitrust suit, though, on the other hand going on. That is a Texas-led antitrust suit, and it alleges that, uh, that BlackRock and Vanguard and State Street collectively got together on, uh, an ESG initiative to reduce the production of coal, and so they say that that harmed consumers. So you have kind of two messages going on there, and the FTC and the DOJ have also sided with the states in this matter. Important story. Thank you so much, Alexis. Appreciate it. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Texas removes BlackRock from state blacklist after ESG pushback
After pulling back from ESG initiatives (Environmental, Social, and Governance) as a result of pushback from Texas trade officials, BlackRock (BLK) was removed from the state's blacklist that bars financial institutions from from being state contractors and receiving state investments. Yahoo Finance legal correspondent Alexis Keenan comes on Market Domination Overtime to explain the events and what this victory means for BlackRock and CEO Larry Fink. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
Yahoo
30-05-2025
- Business
- Yahoo
US appeals court temporarily blocks pause on Trump tariffs
After a US trade court had deemed several of President Trump's wide-sweeping tariff policies illegal and paused them, a US appeals court quickly stepped in on Thursday and is now granting the import taxes to temporarily stay in effect. Yahoo Finance legal correspondent Alexis Keenan explains the order of events, court hierarchies, and the timeline for the Trump administration's legal filings after being issued an administrative stay until June 9. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. We've got breaking news now. A federal appeals court is pausing a US trade court ruling that blocked President Trump's global tariffs. Basically, tariffs are still in place for now is the bottom line. Senior legal reporter Alexis Keenan is here with more. So, all of the back and forth. Lot of back and forth back on. And and this is, is this a sooner finding than had been expected that the tariffs are going to be still in place for now? So, the federal circuit, it's an appellate court over the top of the International Trade Court. It can decide if it gets an application from the Trump administration, which it did, to put a temporary pause on what that lower court decided. So, this is the court stepping in here. This is a pelle court and reinstating these tariffs and saying it needs some time to look at the motions, look at briefings, look at the issues. Uh I don't know exactly where it's going to go from here, whether this is going to be an issue that will be decided at this stage at the appellate court level or whether the trial court, the the International Trade Court will be handling some of this. What the court said, this federal circuit court is that the request for an immediate administrative stay, they granted it to the extent they say that the judgments and the permanent injunctions entered by the court of International Trade are temporarily stayed until further notice. So the appeals court seeming here to put this pause into effect and they're asking the administration to give briefings to the court no later than June 9th. So that's the timeline that we have to work with right now. So you're kind of find a bouncing ball in the courts, Alexis, but correct me if I'm wrong. Doesn't Trump beyond that have plenty of tariff tools at his disposal? I mean, it's, you know, it's section 232, 122, 301. I mean, he has what sounds like just tremendous tariff authority and power here. Well, certainly the administration thinks so, but they chose to go with the act that they did, the emergency Act where Trump had said the administration had said that these national emergencies, immigration, drug trafficking, flows of illegal drugs into the United States, and so forth was a national emergency. And that didn't work at least at this lower court level. Now the legal experts I've been talking to in this area, they say it's anybody's guess what this appeals court might decide when the administration and the challengers come up before them. You know, maybe it'll go the other way. Maybe this International Emergency Act will be enough authority for a different court. Alexis, we will keep following it. Thank you so much. Yeah, bouncing around. Thanks.
