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News From the Control Tower - 1/19/2022 Thumbnail

News From the Control Tower - 1/19/2022

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       BlackRock CEO Larry Fink says stakeholder capitalism is not ‘woke’

BlackRock CEO Larry Fink on Monday pushed back against accusations the asset manager was using its heft and influence to support a politically correct agenda.

2.       In Quest for Energy Independence, Mexico Is Buying a Texas Oil Refinery

President López Obrador wants to halt most oil exports and imports of gasoline and other fuels. Critics say he is reneging on Mexico’s climate change commitments.

3.       International airlines suspend some US flights over 5G uncertainty

Specifically, the Federal Aviation Administration has been worried that 5G cellular antennas near some airports — not air travelers' mobile devices — could throw off readings from some aircraft equipment designed to tell pilots how far they are from the ground.

4.       Smart Headlights Are Finally on Their Way

The infrastructure law passed last year set a 2023 deadline for so-called adaptive driving beam headlights to be approved for American roads.

5.       Here’s how rising interest rates may affect your bond portfolio in retirement

Retirees may reduce interest rate risk by choosing bonds with a shorter duration, which are less sensitive to rate hikes.

Bonus: Try your hand at putting Wikipedia articles in chronological order in this Wikitrivia game.