|Day's range||9.90 - 10.30|
BlackRock Inc's head of China business, Tony Tang, is leaving the asset manager, the company said on Tuesday, after having played a key role in expanding operations in the world's second-largest economy. BlackRock, the world's largest asset manager, said Tang "has expressed an interest in exploring opportunities" outside the firm, in a statement responding to a Reuters query. Susan Chan, BlackRock's deputy head of Asia Pacific and head of Greater China, is now directly overseeing its China onshore business, the company said.
In the latest trading session, BlackRock (BLK) closed at $676.49, marking a -0.79% move from the previous day.
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.
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(Bloomberg) -- BlackRock Inc. and other large money managers are dipping back into the UK’s battered debt market, lured by one of the highest yields in the developed world.Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyA Wall Street Titan Scores One of the Best Real Estate Trades EverOil Nudged Higher by Saudi Surprise Cut as Traders Wait and SeeApple Debuts $3,499 Vision Pro Headset in Test of Mar
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BlackRock (NYSE: BLK), the world's largest asset manager, has endured a difficult couple of years. As the largest provider of exchange-traded funds (ETFs), as well as a prominent manager of mutual funds and institutional investments, its fortunes are largely tied to the movements of the broader markets. Last year, BlackRock's stock price was down about 20% while the S&P 500 was also lower by about that much -- 19%, to be exact.
Readers hoping to buy BlackRock, Inc. ( NYSE:BLK ) for its dividend will need to make their move shortly, as the stock...
(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.