Count Rick Rieder, BlackRock’s chief investment officer of global fixed income, as a believer in cryptocurrencies. “I think it could have some real upside. My sense is there are more buyers than sellers. It’s an asset class that I think is durable,” Rieder said on Yahoo Finance Live. Rieder revealed he owns “small pieces” of crypto in several of his bigger portfolios, and compares the positions to owning stakes in venture capital firms. “Quite frankly, I am glad I do [own crypto]. This… Source link
Read More »Backed by Google, BlackRock, Benioff
A set of SkySat satellites before a launch. Planet Satellite imagery and data specialist Planet Labs is preparing to go public, announcing on Wednesday that it will merge with a SPAC to list on the New York Stock Exchange. Planet Labs is combining with special purpose acquisition company dMY Technology Group IV, which trades on the NYSE under ticker DMYQ. The deal gives the space company a $2.8 billion equity valuation and is expected to close in the fourth quarter, resulting in Planet listing… Source link
Read More »BlackRock Has Begun Trading Bitcoin Futures
TipRanks Keep on Buying These 3 EV Stocks, Says Analyst Following Conference Investors are always on the lookout for the next big thing, the next industry that will bring the great returns. Predicting what stock sector will blast off is an inexact science, at best; but like politics, stocks run downstream from culture. And right now, culture is all-in for clean energy and electric cars. Observing the electric vehicle (EV) stock sector for Colliers Securities is industry expert Michael Shlisky…. Source link
Read More »CEOs of Google, Zillow, BlackRock, Visa, and more back Biden’s $1.9 trillion proposal
More than 150 chief executives signed a letter on Wednesday urging for more government stimulus and supporting President Joe Biden’s $1.9 trillion “American Rescue Plan.” Among the executives who signed the letter included Google (GOOGL) CEO Sundar Pichai, Goldman Sachs (GS) CEO David Solomon, Zillow (Z) CEO Rich Barton, BlackRock (BLK) CEO Laurence Fink, and Visa (V) CEO Alfred Kelly, Jr. “Previous federal relief measures have been essential, but more must be done to put the country on a… Source link
Read More »BlackRock Is Fueling A $120 Trillion Transformation On Wall St.
Big money is turning its back on companies that aren’t conforming to one simple idea… Sustainability. And it’s fueling one of the biggest transfers of capital the world has ever seen. In fact, within a year, 77% of institutional investors will stop buying into companies that aren’t, in some way, sustainable. And the new King of Wall Street is leading the charge. BlackRock, with over $7 trillion in assets under management, says its clients will double their ESG investments in just five… Source link
Read More »BlackRock Likes Growth Stocks on Divided U.S. Government
InvestorPlace 7 High-Yield Dividend Companies to Invest in During the Pandemic It’s been a volatile year for investors in general. And nowhere has that been more true than in high yield dividend stocks. In March and April, there was a massive number of companies that slashed or entirely suspended their dividends. This year has been a period of devastation for income-focused investors, particularly in sectors like real estate investment trusts (REITs). And while things have gotten better… Source link
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