BlackRock Financial News

19.05 / 07:31

markets UPS BlackRock Schools Colleges hockey Meet Ramji, who is going to oversee retirement assets of millions of Americans

The first outsider to take the helm of investing giant Vanguard Group is the son of Tanzanian immigrants who didn’t attend college but wanted to ensure their three children did. Salim Ramji grew up in British Columbia and spent summers working in the grocery store his father ran. During the school year, he debated.

17.05 / 22:01

markets COST economy BlackRock tennis show NOT BlackRock’s fixed-income CIO says rate cuts, not hikes, key to taming inflation

BlackRock Inc.’s Rick Rieder has some advice that bucks conventional wisdom: The best way for the Federal Reserve to temper inflation will be to lower rates, not hold them higher.

17.05 / 13:11

markets UPS security BlackRock NVIDIA wellness CoreWeave raises $7.5 billion in debt for AI computing push

CoreWeave, an artificial-intelligence cloud-computing startup backed by Nvidia, has raised $7.5 billion from investors including Blackstone, Carlyle Group and BlackRock in one of the largest-ever private debt financings. The new debt financing follows a $1.1 billion equity funding round two weeks ago that valued the fast-growing company at $19 billion.

17.05 / 09:39

markets UPS BlackRock International Fidelity International eyes LTAF launch as private assets co-CIO exits

McCaffery joined the asset manager in 2019 as the lead for alternatives and solutions before taking on a broader global CIO position, where he has played a key role in helping to build and diversify the firm's private asset capabilities. Prior to his time at Fidelity, he headed up abrdn's global alternatives division, including all activity in liquid alternatives, private markets and real asset investing. His departure comes as Fidelity explores plans to join Schroders, BlackRock, Aviva Investors and Fulcrum in launching a private assets LTAF for UK pension schemes. LTAFs elude r...

17.05 / 08:01

markets Blockchain CEO BlackRock Patrick trends innovations Mantra From Wall Street to Your Street, Every Asset Becomes an Investment Opportunity Through Tokenization, says MANTRA CEO

In a groundbreaking move that has set the traditional finance world abuzz with excitement, Real World Assets (RWAs) are swiftly gaining traction within the crypto and blockchain sphere. Spearheaded by the recent surge in interest from major players like BlackRock, the convergence of real-world assets with blockchain technology is poised to revolutionize the global financial landscape.

16.05 / 18:07

Target Manufacturing BlackRock students Universities War University of California official says system has $32 billion in holdings targeted by protesters

The University of California has $32 billion in assets targeted by students protesting the Israel-Hamas war

16.05 / 03:11

JPMorgan economy BlackRock Trade information reports prevention inflation data US inflation data was accidentally released 30 minutes early

Bureau of Labor Statistics said it inadvertently released Consumer Price Index data 30 minutes early on Wednesday. “In advance of today’s CPI and Real Earnings releases, BLS inadvertently loaded a subset of files to the website approximately 30 minutes prior to the release,” BLS said in a statement posted on its website Wednesday evening.

15.05 / 11:19

markets CEO Strategy BlackRock Vanguard appoints BlackRock's former iShares chief Salim Ramji as CEO

Ramji, who will step into the role on 8 July, brings over 25 years of experience in investments, capital markets and wealth management, including over ten years spent at BlackRock, most recently as its global head of iShares and index investing. Prior to that, he served as the firm's head of US wealth advisory, having joined the company as global head of corporate strategy in 2014. Ramji held a senior partner role at McKinsey, where he was in charge of the firm's asset and wealth management practice. Vanguard names head of Europe as Sean Hagerty relocates to US headquarters He wil...

15.05 / 05:47

BlackRock ETFs Vanguard Vanguard Hires Former BlackRock iShares Exec Salim Ramji as CEO

BlackRock’s former global head of iShares and index investments, Salim Ramji, is joining Vanguard as its new CEO and board of directors from July 8.

14.05 / 14:59

Art BlackRock 2020 reports Pridham Report: BlackRock retail sales dominance continues into first quarter

Blackrock stood on top, with £10.1bn and £3.9bn worth of gross and net retail sales, respectively. For the first time since the final quarter of 2020, gross retail flows into its open-ended investment funds passed the £10bn mark. Legal & General Investment Management (LGIM) came second at £6.3bn in new gross business, followed by HSBC Asset Management, which recorded £4.5bn in gross retail sales. However, when counting net sales, HSBC overtook LGIM by roughly £600m, hitting £1.7bn as opposed to the latter's £1.1bn. Royal London Asset Management, Rathbones, Hargreaves Lansdown, and Art...

13.05 / 12:27

markets Provident Target Booking JPMorgan security BlackRock Former JPMorgan, BlackRock execs join Human Interest Advisors board

The RIA subsidiary of small business 401(k) plans provider Human Interest, Inc. has appointed two retirement and investment industry veterans to its board.

10.05 / 19:33

markets ETF BlackRock Research trends reports Global ETF demand shrivels amid doused Fed rate-cut hopes

Investor appetite for ETFs shrank dramatically in April, with global ETF flows falling to $68.5 billion from $126.5 billion in March, according to BlackRock data.

08.05 / 08:01

markets UPS Progressive BlackRock wellness Cycling country Real estate demand continues to stay strong; buy strong players: Hiren Ved

«Today, you have the BlackRocks and the GICs of the world, sovereign capital which is available. High quality institutional capital is available to the real estate industry and we have RERA, so there is far more regulation, balance sheets are deleveraged, and demand is pretty strong,» says Hiren Ved, Director & CIO, Alchemy Capital. So, buy all India players, buy regional players, what should one do? No, just buy strong players. See, real estate, by and large has been a local industry. There have been few players like Godrej, etc, who have been all India.

07.05 / 17:41

IPO Booking SUN Platform BlackRock travelers TBO Tek IPO: Travel company garners ₹696.5 crore from anchor investors ahead of IPO

₹696.51 crore from an anchor investors a day before its initial public offerings (IPO) opens for subscription. According to the company's filing to the exchanges, it has allocated 75,70,807 equity shares to 61 anchor investors at a price of ₹920 per equity share.

07.05 / 08:11

Ethereum ETF SEC security Invesco BlackRock ETFs SEC Delays Decision on Invesco Galaxy Spot Ethereum ETF

The Securities and Exchange Commission (SEC) has announced a delay in its decision regarding the Invesco Galaxy spot Ethereum exchange-traded fund (ETF).

06.05 / 08:13

Blockchain coinbase security Funding BlackRock Venture Capital rowing Crypto Venture Capital Funding Surpasses $1 Billion for Second Consecutive Month

For the second month in a row , crypto venture capital funding has exceeded the $1 billion mark, highlighting continued investor interest in the industry.

03.05 / 21:27

Waves Target Digital Strategy BlackRock Diversity Videos BlackRock-backed Willow wants to help advisors catch the wealth transfer wave

BlackRock has taken a minority stake in Willow, a firm dedicated to enhancing advisor’s capabilities as they address the needs of an increasingly diverse client base.

03.05 / 02:29

markets Blockchain ETF BlackRock Trade Neo Price Prediction as NEO Token Slips 2.3% Despite Market Rebound – Can NEO Reach $20?

The Neo (NEO) price is in focus as the cryptocurrency slips despite a broader market rebound, and as it tests a key medium-term uptrend.

02.05 / 20:57

markets ETF BlackRock Trade Bitcoin track Spot Bitcoin ETFs Saw Record One-Day Outflows Yesterday Amid Bitcoin Price Volatility

Investors pulled out a record net $563.7 million from spot bitcoin exchange-traded funds (ETFs) Wednesday amid big price swings for bitcoin (BTC). But analysts say investors have may not have a reason to worry just yet.

02.05 / 08:35

UPS ETF BlackRock Bitcoin reports Bitcoin spot ETF BlackRock’s IBIT Experiences $37M Outflows for First Time, Other Funds See Combined $526.8M Withdrawals

The spot Bitcoin exchange-traded funds (ETFs) in the United States have witnessed record net outflows, with BlackRock’s iShares Bitcoin Trust (IBIT) experiencing its first-ever day of outflows.

02.05 / 07:59

markets CEO Assurant Invesco BlackRock Research country Most foreign fund houses miss India growth train

When Invesco decided to sell 60% stake to the Hinduja group earlier this month, it didn’t surprise anyone. That’s because only a handful of foreign fund houses have been able to grow in the country even though the Indian mutual fund industry has already topped Rs 50 trillion (Rs 54 trillion in FY24).

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