Tag Archives: BlackRock

With Google updating its policy regarding crypto-related ads, BlackRock and VanEck have seized the opportunity to become the first asset managers to advertise Bitcoin spot ETFs.   The competition in the Bitcoin spot exchange-traded fund (ETF) market has continued to gain momentum as top asset managers roll out different initiatives to control a large percentage of the market.  BlackRock and VanEck Advertise Bitcoin ETF on Google In light of this, leading asset managers BlackRock and… Source link

Tesla (TSLA) shares closed lower following a Reuters report that the company is shutting down most production at its Berlin factory due disruptions in the Red Sea. BlackRock (BLK) is buying Global Infrastructure Partners in a $12.5 billion deal. It comes on the same day the asset management firm reported fourth quarter earnings that topped Wall Street estimates. the firm now as $10 trillion in assets under management. Gold (GC=F) prices rose thanks to investors seeking safety as tensions in… Source link

BlackRock (BLK), the world’s largest asset manager, will lay off about 500 employees — or roughly 3% of its workforce — according to an internal email seen by Yahoo Finance. The investment giant joins a growing number of Wall Street firms trimming their headcount after last year’s market rout and as Corporate America ramps up hiring freezes and job cuts. “This week, after meaningful headcount growth in recent years, we are making some changes to the size and shape of our workforce,” CEO… Source link

More pain for investors lurks in 2023, warns the strategy team at BlackRock. In a new report, BlackRock contends that stock valuations don’t yet “reflect the damage ahead.” The money manager says it will “turn positive on equities” when it believes valuations fully reflect the “damage” on the horizon. One of the lead authors of the report — strategist Wei Li — told Yahoo Finance Live (video above) investors need to be on high alert for several factors that could bring the S&P 500 back… Source link

More pain for investors lurks in 2023, warns the strategy team at BlackRock. In a new report, BlackRock contends that stock valuations don’t yet “reflect the damage ahead.” The money manager says it will “turn positive on equities” when it believes valuations fully reflect the “damage” on the horizon. One of the lead authors of the report — strategist Wei Li — told Yahoo Finance Live (video above) investors need to be on high alert for several factors that could bring the S&P 500 back… Source link

(Reuters) -BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout. The threat of a recession, rapidly rising interest rates and the Ukraine crisis have slammed both bonds and stocks this year, keeping investors on the back foot in a blow to businesses such as BlackRock. The company’s assets under management (AUM) dropped 16% year-on-year to… Source link

BlackRock (BLK), the world’s largest asset manager, is set to expand its health care plan to cover travel expenses for U.S. employees seeking abortion services, per an internal memo obtained exclusively by Yahoo Finance. The company joins a growing docket of firms on Wall Street making similar commitments following Friday’s Supreme Court decision to overturn Roe v. Wade. “Through company-sponsored health insurance, we have long provided reproductive health care services, including coverage… Source link

Making money in the stock market will likely look different over the next few years compared to the low interest rate era seen from the end of the Great Financial Crisis, says BlackRock’s CIO of U.S. fundamental equities Tony DeSpirito. “It’s a really big deal,” says DeSpirito on Yahoo Finance Live. DeSpirito explains that since the end of the financial crisis, the economy has experienced very low growth, very low inflation and very low rates. But those factors largely ended during the… Source link

In his 2022 letter to CEOs, BlackRock (BLK) CEO Larry Fink urged other heads of companies to prepare for and participate in the green transition as part of a broader defense of stakeholder capitalism. “I believe the decarbonizing of the global economy is going to create the greatest investment opportunity of our lifetime,” Fink wrote. “It will also leave behind the companies that don’t adapt, regardless of what industry they are in.” The CEO of the world’s largest asset manager… Source link

Looking to escape the daily volatility in markets? Then find a few great investing themes and invest around those for the next decade, argues Kate Moore, BlackRock’s head of thematic strategy for the global allocation. “Three of my favorite themes are disrupting the consumer, the digital transformation and really thinking about climate and ESG opportunities around the globe,” the closely followed strategist revealed on Yahoo Finance Live.  Moore points to software companies as one way to bet… Source link