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(Bloomberg) -- BlackRock Inc. Chief Executive Officer Larry Fink said stubbornly high inflation will force the Federal Reserve to raise interest rates two to four more times.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapDebt-Limit Deal Wins House Passage, Easing US Default ConcernsHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’s Richest Person as Arnault’s LVMH Si
BlackRock Inc Chief Executive Laurence Fink said on Wednesday that inflation remained sticky and the Federal Reserve may need to hike interest rates further to contain price pressures. Fink, who heads the world's largest asset manager, said at a Deutsche Bank financial services conference that he expects at least two more rate increases by the Fed. But he downplayed the risk of a U.S. recession, saying that, if one occurs, it would likely be modest.
A decline in labour growth and expected fall in the working age population will be a drag on emerging economies already suffering from fading growth prospects, BlackRock's Global Head of Emerging Markets Amer Bisat told Reuters. Global population growth over the past five decades fuelled a surge in labour and a rapid increase in gross domestic product in many emerging economies but Bisat said demographics were no longer a boon for the countries. The changing demographics come against a backdrop of higher global interest rates and levels of debt which add to pressure on developing economies, with capital accumulation in emerging markets set to be "tough", said Bisat, who leads a team managing approximately $35 billion at the world's largest asset manager.
(Bloomberg) -- The European Central Bank said that financial markets will be vulnerable to negative shocks as it continues the fight against inflation, with real estate among the sectors at risk. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustStock Rally Hits a Wall as Economic Headwinds Loom: Markets WrapDebt-Limit Deal Heads to House Vote After Clearing Key HurdleTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit
(Reuters) - BlackRock, Korea's SK, Switzerland's UBS and other companies are chasing an investment boom in battery storage plants in Texas, lured by the prospect of earning double-digit returns from the power grid problems plaguing the state.
(Bloomberg) -- French inflation eased to its lowest level in a year, though Italy overshot analyst expectations, underlining the challenge for the European Central Bank as it nears the end of its unprecedented campaign of interest-rate hikes.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesTwitter Is Now Worth Just 33% of Elon Musk’s Purchase Price, Fidelity SaysJPMorgan Builds Unit for World
Investing.com - "We've been saying since the end of 2022 that rate cuts this year would be unlikely as inflation sticks around. Markets are waking up to our view as a look under the hood reveals signs of weaker growth in major economies and market weakness due to rate hikes."
BlackRock (BLK) closed the most recent trading day at $673.58, moving +0.19% from the previous trading session.
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(Bloomberg) -- BlackRock Inc.’s $9 billion momentum exchange-traded fund is expected to ramp up its bets on tech giants as the ETF chases Wall Street’s trendiest stocks in its semiannual makeover. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17Cathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeJPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsFirst Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before BustMcCart
BlackRock Global Fixed Income Chief Investment Officer Rick Rieder joins Yahoo Finance Live to discuss the state of the economy, the market's reaction to debt ceiling talks, and BlackRock's new ETF.
BlackRock Global Co-Head of Bond ETFs Steve Laipply sits down with Yahoo Finance Live to talk about market volatility amid prolonged debt ceiling negotiations and how to better position fixed-income portfolios.
A continued rise in expenses may hurt BlackRock's (BLK) bottom-line growth. However, efforts to restructure the active equity business will likely aid the top line.
Ameriprise (AMP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
(Reuters) -Top fund manager BlackRock Inc won support from investors at its annual meeting on Wednesday as it seeks a middle ground in debates over its environmental, social and governance (ESG) policies. BlackRock said each of its director nominees received "well over a majority" of votes cast at the meeting, held online, and that 92% supported the pay of Chief Executive Larry Fink and other leaders. In addition New York-based BlackRock said two shareholder resolutions raising climate concerns won less than 10% support, while a third resolution from a conservative group that targeted BlackRock's diversity policies won less than 1% support.
Yahoo Finance's Allie Canal and Josh Schafer discuss BlackRock's media roundtable event, including the possibility of a recession, Fed funds rate, and the company's two new ETFs.
(Bloomberg) -- Rick Rieder, the chief investment officer of global fixed income at the world’s largest exchange-traded fund issuer, is setting sail on his first strategy under the vehicle. Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeChina’s New Covid Wave Set to See 65 Million Cases a WeekRussia Pushes India for Help to Avert Global Financial IsolationLuxury Stocks Lose $30 Billion in One Da
Today's Research Daily features new research reports on 16 major stocks, including Alphabet Inc. (GOOGL), Raytheon Technologies Corporation (RTX) and Blackstone Inc. (BX).
NEW YORK, May 23, 2023--Today, BlackRock expanded access to its award-winning investment platform with the launch of two active ETFs managed by Rick Rieder and Tony DeSpirito. This milestone provides clients with the best of BlackRock’s investment insights in a liquid, transparent, and tax-efficient ETF wrapper.
(Bloomberg) -- Qatar’s sovereign wealth fund sees growing investment opportunities in the world of private credit, joining the likes of SoftBank Group Corp. and BlackRock Inc. in touting the $1.5 trillion market. Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeRussia Pushes India for Help to Avert Global Financial IsolationChina’s New Covid Wave Set to See 65 Million Cases a WeekChina’s $23 Tril
BlackRock (BLK) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
BlackRock, the world's biggest asset manager, has named Giovanni Sandri, its current head of Italy, as head of southern Europe, creating a cluster that also includes Spain, Portugal, Greece and Israel, two sources familiar with the matter said. The southern Europe cluster follows similar regional hubs BlackRock has created across Europe such as Germany-Switzerland, France-Belgium-Luxembourg, and the Nordics. The newly created southern European region employs around 200 people and accounts for some $200 billion in assets under management (AUMs), one of the sources said.