(Bloomberg) — BlackRock Inc. laid out new details about how it manages $150 billion in investment funds that have climate objectives, telling investors it intends to step up scrutiny of companies’ strategies for accomplishing a shift to a low-carbon economy. Most Read from Bloomberg The world’s largest money manager will look at corporate plans to […]
(Reuters) – BlackRock has launched a ‘buffer’ exchange-traded fund that seeks to offer a 100% downside hedge to risk-shy investors looking to tap the equity markets, the world’s largest asset manager said on Monday. So-called buffer or risk-managed ETFs help maximize returns from an asset for investors and simultaneously provide downside protection over a specific […]
(Bloomberg) — BlackRock Inc. is the latest asset manager to launch an exchange-traded fund that offers a way to ride the stock rally — while hedging 100% of the downside if markets plunge. Most Read from Bloomberg The iShares Large Cap Max Buffer Jun ETF is set to begin trading under the ticker MAXJ on […]
By Simon Jessop and Susanna Twidale LONDON (Reuters) – Google said it has taken a stake in Taiwan’s New Green Power and could buy up to 300 megawatts of renewable energy from the BlackRock fund-owned firm to help cut its carbon emissions and those of suppliers. Companies are being pushed to cut greenhouse gas emissions […]
By Davide Barbuscia NEW YORK (Reuters) – The BlackRock Investment Institute said on Monday it was cautious on long-term U.S. Treasuries ahead of the November presidential elections as investors will likely ask for more compensation to hold them because of wide fiscal deficits. “We stay overweight U.S. stocks before the U.S. election yet cautious on […]
By Jonathan Stempel NEW YORK (Reuters) -BlackRock was sued for $20 million by a whistleblowing former vice president who said it fired him after he objected to a colleague’s self-dealing, and was forced to shut down a search engine for monitoring client discussions about illegal investments including in China. In a complaint on Saturday, Hamdan […]
(Bloomberg) — It’s official at last: the Age of Bogle is over. Most Read from Bloomberg A half-century after John “Jack” Bogle founded Vanguard Group, the roughly $9 trillion fund giant is doing what once would’ve been unthinkable: hiring an outsider as its chief executive officer. And from archrival BlackRock Inc., no less. To many, […]
The U.S. state of Wisconsin purchased 94,562 shares of BlackRock’s iShares Bitcoin Trust (IBIT) in the first quarter of the year, a filing shows. The shares are worth nearly $100 million. Bitcoin rose 1% on the news, currently trading at $61,957, down 1.7% over the past 24 hours as new inflation data came in hotter […]
(Bloomberg) — A few days ago, BlackRock Inc. sent an unusual message to thousands of clients. It contained none of the formulaic language or inscrutable fine print typically packed into these sorts of statements. No, this was a call to arms. Most Read from Bloomberg “Your fund is under attack,” the headline screamed in bold […]
BlackRock And Coinbase Explain Importance Of Bitcoin Halving In New Ad Campaigns The crypto space is fraught with opinions, with celebrities, micro-influencers and community members constantly chiming in to give their take on markets. This can make it difficult for investors to determine what information is important and relevant. However, when topics are discussed by […]
Wall Street heavyweights including JPMorgan were scheduled to report earnings on Friday.Andrew Burton/Getty Images US stock futures treaded water on Friday ahead of the release of key bank earnings. JPMorgan, Wells Fargo, and BlackRock are among the Wall Street titans publishing quarterly reports. JPMorgan and BlackRock’s CEOs, Jamie Dimon and Larry Fink, are both expected […]
BlackRock CEO Larry Fink sent his annual letter to investors on Tuesday in which he cited the “immense strain” on Social Security amid the aging of the U.S. population and the need to reform the retirement system given its looming insolvency. Fink explained the economics behind Social Security, which collects taxes from people who are […]