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Economy/Politics

AP News | Equities.com |

Almost instantly after most abortions were banned in Texas, Democrats were decrying the new law as unconstitutional, an assault on women’s health that must be challenged. But the reaction from many Republicans on the other side hasn’t been nearly as emphatic.

Though some in the GOP are celebrating the moment as a long-sought win for the anti-abortion rights movement, others are minimizing the meaning of the Supreme Court’s Wednesday midnight decision that allowed the bill to take effect. A few are even slamming the court and the law.


Kimberly Redmond | Equities.com |

BlackRock Inc, the world’s largest money management firm, announced Thursday it has raised over $250 million for its climate finance fund to help emerging markets in Asia, Africa and Latin America accelerate their transition to low-carbon, climate-resilient economies.

The funding, which was committed by a group of ten investors to BlackRock’s Climate Finance Partnership (CFP), will go towards green energy infrastructure, including renewable power generation, energy storage solutions and electrified transportation services, according to a press release.


AP News | Equities.com |

Facebook plans to end a contentious policy championed by CEO Mark Zuckerberg that exempted politicians from certain moderation rules on its site, according to several news reports.

The company’s rationale for that policy held that the speech of political leaders is inherently newsworthy and in the public interest even if it is offensive, bullying or otherwise controversial.


AP News | Equities.com |

Rep. Nicole Malliotakis, R-N.Y., said it pained her to vote against the $1.9 trillion “American Rescue Plan.”

But in the weeks that followed, the first-term Republican issued a news release celebrating more than $3.7 million from the package that went to community health centers in her district as one of her “achievements.” She said she prided herself on “bringing federal funding to the district as one of her “achievements.” She said she prided herself on “bringing federal funding to the district and back into the pockets of taxpayers.”


Reuters | Equities.com |

The S&P 500 and the Dow rose on Friday to close at record highs, posting a third straight weekly rise partly on a lift from growth stocks, with a late-day rally building gains ahead of quarterly earnings season next week.

Growth names have found their footing over the past two weeks after being outperformed by value stocks for most of the year. A pullback in the 10-year U.S. Treasury yield from a 14-month high hit in late March encouraged buying in growth.


Michael McTague | Equities.com |

In our final piece on the emerging economies, we delve into India, a nation with enormous potential. Despite its strengths, India faces as many challenges as other members of the BRICS group (Brazil, Russia, India, China and South Africa). Let’s begin on a positive note with India’s greatest strengths in the marathon race to reach emerged status.