BlackRock, Ark lower fee for planned spot bitcoin ETFs
(Reuters) -BlackRock and Ark Investment Management on Wednesday lowered the fees for their proposed spot bitcoin exchange traded funds (ETFs), looking to undercut almost a dozen other competitors racing to launch such…
BlackRock Looks To Raise $7 Billion To Boost ‘Renewable Power’ Projects
BlackRock Looks To Raise $7 Billion To Boost ‘Renewable Power’ Projects John Hugh DeMastri on June 8, 2023 BlackRock, the world’s largest asset manager, is launching its fourth Global Renewable Power Fund…
Demographics are a headwind for emerging markets – BlackRock
By Jorgelina do Rosario and Karin Strohecker LONDON (Reuters) – A decline in labour growth and expected fall in the working age population will be a drag on emerging economies already suffering…
BlackRock moves from ‘overweight’ to ‘neutral’ on credit
(Reuters) – BlackRock Investment Institute on Monday said it was moving from “overweight” to “neutral” on credit, saying yields are not enough to compensate investors for tightening credit conditions. In a research…
BlackRock to call staff back to office at least four days a week – memo
(Reuters) – BlackRock Inc, the world’s largest asset manager, has asked its staff to return to office at least four days a week, according to an internal memo seen by Reuters. “We…
Anti-inflation fight may spur recession, investment opportunities -BlackRock
NEW YORK (Reuters) – Central bank efforts to tame inflation could spark a recession and market selloff that later this year or in 2024 leads to investment opportunities, the BlackRock Investment Institute…
BlackRock CEO Fink trains successors, with no imminent plan to retire -WSJ
(Reuters) – BlackRock Inc Chief Executive Officer Larry Fink has been preparing five key leaders to take his role whenever he decides to step down in the future, the Wall Street Journal…
BlackRock adds Treasuries as debt ceiling jitters intensify
By Davide Barbuscia CHICAGO (Reuters) – BlackRock has been buying U.S. Treasuries in anticipation of an economic slowdown and a protracted fight between the U.S. government and Congress around the debt limit,…
BlackRock Sued For Allegedly Racist Hiring Practices
BlackRock Sued For Allegedly Racist Hiring Practices Jason Cohen on April 19, 2023 America First Legal Foundation (AFL), a conservative nonprofit, filed a federal civil rights complaint Tuesday against investment management giant…
BlackRock Slapped With Civil Rights Complaint For Allegedly Racist Hiring Practices
BlackRock Slapped With Civil Rights Complaint For Allegedly Racist Hiring Practices Jason Cohen on April 19, 2023 America First Legal Foundation (AFL), a conservative nonprofit, filed a federal civil rights complaint Tuesday…
FDIC retains BlackRock unit for Signature Bank, SVB securities portfolio sale
(Reuters) – The Federal Deposit Insurance Corporation (FDIC) has retained BlackRock Inc unit Financial Market Advisory to sell the securities portfolios it kept in receivership after the collapse of Signature Bank and…
BlackRock calls on clients to rethink hedging strategy after UK pension crisis
By Tommy Wilkes LONDON (Reuters) – BlackRock’s liability-driven investment business is urging some smaller UK pension fund clients to stop splitting assets across multiple managers, as it tries to cut the complexity…
BlackRock Investment Institute downgrades credit, favors short-term bonds for income
(Reuters) – BlackRock Investment Institute said on Monday it was downgrading credit and preferred short-term bonds for income, with strategists pointing to financial cracks from rapid interest rate hikes. “We stay risk-off:…
BlackRock says not participating in any plans to acquire Credit Suisse
LONDON (Reuters) – BlackRock said on Saturday it had no plans or interest to acquire embattled Swiss lender Credit Suisse, a spokesperson for the U.S. asset manager said. “BlackRock is not participating…
BlackRock CEO Scales Back Emphasis On Climate Investing: ‘Not … The Environmental Police’
BlackRock CEO Scales Back Emphasis On Climate Investing: ‘Not … The Environmental Police’ John Hugh DeMastri on March 16, 2023 CEO Larry Fink of investing titan BlackRock put reduced emphasis on climate…
Morgan Stanley, BlackRock funds among those exposed to regional bank failures
By David Randall NEW YORK (Reuters) – Mutual funds managed by Morgan Stanley, Fidelity, and BlackRock appear to be among the most exposed to the collapse of Silicon Valley Bank and Signature…
BlackRock sees ‘reasonable chance’ of Fed raising rates to 6%
By Davide Barbuscia NEW YORK (Reuters) – The U.S. Federal Reserve could raise interest rates to 6% and keep them there for an extended period of time to fight inflation, said Rick…
BlackRock cuts Japanese stocks to “underweight” on hawkish BOJ risks
(Reuters) – BlackRock Investment Institute cut Japanese stocks to “underweight” on Monday, saying that a Bank of Japan (BOJ) policy change away from its “ultra-loose” monetary strategy could push global yields higher…
BlackRock, Vanguard stand apart as U.S. funds suffer first annual outflows
(Reuters) – Passive products from BlackRock Inc, Vanguard Group and others were rare cash recipients last year as U.S. mutual and exchange-traded funds suffered $370 billion in net withdrawals, their first annual…
BlackRock, World’s Largest Asset Manager And Woke Investor, Set For Major Layoffs: REPORT
BlackRock, World’s Largest Asset Manager And Woke Investor, Set For Major Layoffs: REPORT John Hugh DeMastri on January 11, 2023 BlackRock, the world’s largest asset manager and possibly the most high-profile of…
Equities, bonds ETFs drew in near-record amounts of cash in 2022: BlackRock
By Lucy Raitano LONDON (Reuters) – Investors ploughed $867 billion into ETPs (exchange-traded products) in 2022, the second biggest inflow after 2021’s record $1.29 trillion, despite a hugely volatile market environment, data…
Here’s How Much Money Republicans Pulled From BlackRock Over Firm’s Climate Policies In 2022
Here’s How Much Money Republicans Pulled From BlackRock Over Firm’s Climate Policies In 2022 Jack McEvoy on December 31, 2022 Republican states removed almost $4.5 billion in state funds from investing giant…
BlackRock Will Partner With Ukraine To Help Attract Investors, Rebuild Country, Zelenskyy Says
BlackRock Will Partner With Ukraine To Help Attract Investors, Rebuild Country, Zelenskyy Says John Hugh DeMastri on December 28, 2022 The Office of Ukrainian President Volodymyr Zelenskyy announced Wednesday that he had…
AT&T, BlackRock to form commercial fiber-optic platform
(Reuters) – Wireless carrier AT&T Inc and fund manager BlackRock Inc are forming a joint venture to operate a fiber-optic platform in the United States, the companies said on Friday. The venture,…
BlackRock to make leadership changes across units (Dec. 14)
(This Dec.14 story has been corrected to say that Gary Shedlin, Mark McCombe and Rob Fairbairn will step down from BlackRock’s global executive committee, not step down as vice chairmen, in paragraph…
Former BlackRock Exec, Obama Official, Frontrunner To Become Biden’s Top Econ Adviser: REPORT
Former BlackRock Exec, Obama Official, Frontrunner To Become Biden’s Top Econ Adviser: REPORT John Hugh DeMastri on December 14, 2022 Deputy Treasury Secretary Wally Adeyemo, a former Obama-era Treasury official and senior…
Breaking News
