US09290D1019 - Common Stock
The Federal Deposit Insurance Corporation gave a fresh deadline of Feb. 10 to BlackRock to resolve an issue regarding oversight into the firm's stock in banks, Bloomberg News reported on Sunday, citing three people with knowledge of the matter.
BlackRock Inc. is facing a new demand from a top US regulator over its stakes in banks after the asset manager failed to meet a January deadline and pushed to delay talks into the Trump administration.
After a hot December jobs report pared back investor's hopes for interest rate cuts in 2025, two key inflation readings will add to the discussion in the week ahead.
The stock market has yet to gain momentum in 2025. With Donald Trump’s inauguration on January 20th drawing near, all eyes are on how investors will react this week, as it carries its own significance with key earnings reports and the much-anticipated inflation data release, which is expected to stay high. Moreover, the recent job data was better than anticipated, suggesting that the Federal Reserve may postpone its decision to cut interest rates.
A year after they began trading, there was a clear winner among spot bitcoin exchange-traded funds. BlackRock's Bitcoin Trust saw investors pour in billions while Grayscale's Bitcoin Trust lagged behind after massive outflows.
Axonic Capital Principal Peter Cecchini says 2024 was a "year of manic narratives" for markets and fed and thinks the Fed "stopped the fight a little bit too early." BlackRock Head of Macro Credit Research Amanda Lynam likes floating rate exposure and thinks it's "really compelling for investors." They speak with Vonnie Quinn on "Real Yield." (Source: Bloomberg)
U.N. Secretary-General Antonio Guterres is disappointed that the world's biggest asset manager, BlackRock BLK.N, has left a global initiative to combat climate change, his spokesperson said on Friday, urging other companies to "stay the course." BlackRock, which manages some $11.5 trillion, said that its membership "caused confusion regarding BlackRock's practices and subjected us to legal inquiries from various public officials." Under the voluntary Net Zero Asset Managers Initiative, Blackrock had pledged to support the goal of net zero greenhouse gas emissions by 2050, using influence such as how it votes proxies at corporate meetings.
Sonali Basak highlights the market-moving news you need to know. Todays guest include: Kathy Jones, Charles Schwab Chief Fixed Income Strategist, Mark Cabana, BoFA Global Research Head of US Rates Strategy, Amanda Lyn, BlackRock Head of Macro Credit Research, and Peter Cecchini, Axonic Capital Principal. (Source: Bloomberg)
The fossil fuel industry is fighting back harder than ever against those who would seek to curtail it to protect the climate. Profits are up, political pressure for change is down. Meanwhile, the planet just gets hotter.
BLK intends to reduce its staff by about 1% to reallocate its resources to its strategic priorities to build a dynamic organization.
Some British pension funds are being told by asset managers to come up with more cash to support their hedging positions after a recent jump in borrowing costs, but pensions advisers told Reuters this week the market was behaving in an orderly way. XPS and Gallagher said some funds had been instructed to post more cash to maintain derivatives positions they hold through so-called Liability Driven Investment (LDI) strategies. BlackRock, a major LDI provider, said in a note to clients on Friday that although higher borrowing costs will have reduced pension schemes' collateral resilience, funds were better prepared than previously to withstand volatility.
Rick Rieder, global CIO of fixed income at BlackRock, says the December jobs report emphasized that the US Economy “is in solid shape” as he examines the long end of the yield curve and the Federal Reserve’s ability to cut rates further from here. (Source: Bloomberg)
Jeffrey Rosenberg, systemic multi-strategy fund portfolio manager at BlackRock, says higher interest rates are bringing relative value back to fixed income. His comments come after it was announced the US economy added 256,000 jobs in December, exceeding forecasts. He speaks on "Bloomberg Surveillance. (Source: Bloomberg)
Beyond analysts' top -and-bottom-line estimates for BlackRock Finance (BLK), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Crypto ETFs were incredibly successful in their first year but face new competition from Solana, XRP and a range of composite funds.
That first wave of bitcoin ETFs attracted a whopping $65 billion in 2024, helping to propel the price of bitcoin from $43,000 to more than $100,000. The largest of those new products, BlackRock's iShares Bitcoin Trust, has become the most successful debut in the ETF industry's 35-year history. Shortly after those products celebrate their first anniversary on Jan. 10, President-elect Donald Trump - who has pledged to be a crypto president - will be sworn in for the second time, igniting what cryptocurrency fans believe will be a new golden era for the digital asset class.
(Bloomberg) -- An investor group including CVC Capital Partners, General Atlantic, HPS Investment Partners and Leonard Green & Partners is in talks to buy BlackRock Inc.’s equity stake in Authentic Brands Group, according to people with knowledge of the matter.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Bu
An investor group including CVC Capital Partners, General Atlantic, HPS Investment Partners and Leonard Green & Partners is in talks to buy BlackRock Inc.’s equity stake in Authentic Brands Group, according to people with knowledge of the matter.
BlackRock has asked the U.S. Federal Deposit Insurance Corporation to extend its deadline to reach an agreement on how the agency would oversee the giant asset manager's investments in FDIC-regulated banking organizations from Friday until March 31, according to a letter the firm sent to regulators on Thursday and obtained by Reuters. The letter is the latest move in a months-long tug of war between the FDIC and the biggest managers of index-based mutual funds and exchange-traded funds over the rules governing their passive investments in FDIC-regulated banks. In late December, Vanguard Investments hammered out terms of such a passivity agreement with the FDIC, which immediately afterward asked BlackRock to sign a very similar agreement by the Friday deadline.
BlackRock Inc. is resisting the Federal Deposit Insurance Corp.’s demands that the world’s largest asset manager submit to new oversight of its stakes in US banks, seeking to delay negotiations into the Trump administration.
(Bloomberg) -- BlackRock Inc. is resisting the Federal Deposit Insurance Corp.’s demands that the world’s largest asset manager submit to new oversight of its stakes in US banks, seeking to delay negotiations into the Trump administration.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Dr
BlackRock, the world's biggest asset manager, said on Thursday it will leave the Net Zero Asset Managers initiative, Wall Street's latest environmental step-back amid antitrust concerns raised by Republican politicians. BlackRock, which manages some $11.5 trillion, said that with two-thirds of its global clients committed to cutting emissions to net zero, it had made sense to join groups like the organization known as NZAMI. "However, our memberships in some of these organizations have caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials," leading to the departure, according to a client letter shared by a company representative.
BlackRock Inc. is exiting one of the world’s biggest climate finance groups for investors after being targeted by Republican politicians for its efforts on global warming.
(Bloomberg) -- BlackRock Inc. is exiting one of the world’s biggest climate finance groups for investors after being targeted by Republican politicians for its efforts on global warming.Most Read from BloombergNYC Condo Owners May Bear Costs of Landmark Green Building LawWhat Robotaxis Brought San FranciscoNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?The money manager sai
Massive crypto ETF outflows hit major funds like BlackRock and Fidelity, with $742M withdrawn overnight. Learn about the causes and future implications.
A leading BlackRock private equity fund has lost more than $600mn on an investment in an insurance outsourcing company after the business struggled...
The ETFs bleed money as renewed U.S. inflation fears dent Fed rate cuts and boost bond market volatility
Company has more than 21,000 employees, meaning the cuts apply to about 200 staff.