Yahoo Finance’s Andy Serwer joins the Live show to discuss BlackRock CEO Larry Fink’s annual open letter defending stakeholder capitalism and the carbon transition.
(Bloomberg) -- A booming $4.9 trillion branch of the U.S. asset management industry is funneling investor cash into funds that are pricier and worse-performing than alternatives, new research claims.Most Read from BloombergFourth Pfizer Dose Is Insufficient to Ward Off Omicron, Israeli Trial SuggestsMicrosoft Buys Scandal-Tainted Activision in Bet on MetaverseDeadly Drone Strikes on UAE Raise Gulf Tensions, Roil Oil MarketStock Selloff Deepens as Treasury Yields Climb: Markets WrapOlympic Ticket
(Reuters) -A fast pace of monetary policy readjustment to curb inflation could lead to a flattening of the U.S. Treasuries yield curve, warned BlackRock chief Larry Fink, amid a recent spike in yields that some said had echoes of 2013 "taper tantrum." The shape of the yield curve reveals investor expectations for U.S. growth and monetary policy. A hawkish stance by the U.S. Federal Reserve planning sooner-than-expected rate increases has pushed up short-term rates, flattening the curve.