You Searched For "BlackRock" and got 20 results
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1 min read
Larry Fink is worth $1.7 billion. BlackRock's latest deal will make Preqin's founder even richer than he is.
BlackRock's Preqin takeover is set to hand about $2 billion to its founder Mark O'Hare. That's abou…
Theron Mohamed
2 mins read
Brace for constant volatility as high interest rates amplify the US debt problem, BlackRock says
The US could spend more paying the interest on its debt than it does on Medicare payments in just a…
Jennifer Sor
1 min read
Billionaire BlackRock CEO Larry Fink runs the world's largest asset manager. Here's how he became one of the most powerful people in finance.
Started by Fink and seven other partners in 1988, BlackRock is the world's largest asset manager an…
Sarah Jackson
1 min read
Mark O'Hare became a billionaire after BlackRock acquired his data company. Now he's turning his employees into millionaires.
BlackRock acquired Preqin for $3.2 billion this week, making Mark O'Hare and his wife billionaires.…
Lauren Edmonds
2 mins read
Stock market today: Indexes slip ahead of Powell comments and as traders look to jobs data
Fed Chairman Jerome Powell will speak Tuesday at a central bank forum, while investors await the la…
Filip De Mott
2 mins read
Why the Fed may want to cut rates to tame inflation, according to BlackRock's bond chief
"I would lay out an argument that actually, if you cut interest rates, you bring down inflation," R…
Jennifer Sor
2 mins read
BlackRock warns the worst US bond rout in history is far from over
The US bond market is enduring the worst rout in history, with benchmark yields quintupling since t…
Anil Varma
2 mins read
India's once-hot startup Byju's was valued at $22 billion. Now, BlackRock says its investment is worth nothing.
The Indian company, once valued at $22 billion, is facing legal and financial troubles. HSBC just w…
Shubhangi Goel
1 min read
Roaring Kitty becomes the 4th largest GameStop shareholder after nearly doubling his position to 9 million shares
With Gill owning nine million shares, he stands to earn or lose $90,000 for every penny move in Gam…
Matthew Fox
2 mins read
Stock market today: Stocks edge higher to close at a record after upbeat producer inflation data
Stocks rose but pared gains from earlier in the day. The 10-year Treasury dropped after May PPI boo…
Max Adams,Filip De Mott
2 mins read
Stock market today: US stocks climb as wholesale inflation data shows big cooldown in prices
The producer price index notched its biggest decline since October, boosting hopes that the Fed has…
Filip De Mott
2 mins read
Stocks are adjusting to the new normal of high volatility, but haven't yet priced in coming 'macro damage,' BlackRock says
The US economy is the weakest its ever been outside an official recession, according to one measure…
Jennifer Sor
2 mins read
Volatility in the Treasury market likely isn't over and the 10-year yield could reach 5%, BlackRock says
"US 10-year yields at 16-year highs show they have adjusted a lot – but we don't think the process …
Jennifer Sor
1 min read
BlackRock reduces Byju's valuation to mere $1 billion
Byju's did not immediately comment on the latest valuation cut. This isn't the first time BlackRock…
2 mins read
BlackRock's COO said he gave his staff a memo written by ChatGPT and they couldn't tell AI wrote it
"No one realized it was actually written by a computer," said BlackRock COO Robert Goldstein.
Kwan Wei Kevin Tan
2 mins read
Stock market today: Dow closes above 40,000 for the first time as latest inflation data fuels big weekly gains
The Dow clinched a record it had been flirting with for days, topping 40,000 for the first time as …
Matthew Fox
2 mins read
Stock market today: US stocks edge higher as major indexes flirt with record highs
Solid earnings, easing inflation, and a resilient consumer have served as a trifecta for higher sto…
Matthew Fox
3 mins read
3 things America can do to solve its retirement crisis, according to BlackRock chief Larry Fink
Almost half of Americans aged 55-65 don't have anything invested in a personal retirement account. …
Jennifer Sor
1 min read
BlackRock chief Larry Fink says US debt is 'out of control' - but an accelerating economy can solve that problem
It will cost the US $663 billion this year to pay interest on its $32 trillion mountain of debt, th…
Jennifer Sor
1 min read
BlackRock just reported a record $10.5 trillion in assets under management as client cash poured in and markets delivered
BlackRock saw its assets under management grow by $1.4 trillion in 12 months as client funds poured…