Tennessee, BlackRock Settle ESG Case
BlackRock Inc. is tapping into a fast-growing corner of the options-powered ETF world with an offering aimed at Wall Street investors bracing for the S&P 500 to tread water.
BlackRock's Assets Hit Record Of Over $11 Trillion
BlackRock set a record for net inflows in 2024, with more than $600 billion.
Nvidia stock is likely to be a top performer again in 2025 as the company ramps up shipments of its new Blackwell graphics processing units ( GPU s) for data centers. They are potentially the most powerful chips in the world for developing AI models, and demand for them far exceeds supply.
BlackRock Inc. attracted an annual record of $641 billion in client cash, underlining the firm’s global reach across public and, increasingly, private assets as it integrates multibillion-dollar acquisitions and reshapes its leadership.
Overseeing some $11.6 trillion, BlackRock is the world’s largest asset manager and houses around $700 billion managed for insurance companies. During the company’s third-quarter earnings call yesterday, Fink pointed to insurance as “one of the primary areas of growth for us.”
BlackRock’s profits rose and assets under management edged up to a record $11.55 trillion in the fourth quarter. BlackRock posted net income of $1.67 billion, up 21% from the same period a year earlier.
Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy.
Exceeding their Q4 top and bottom-line expectations on Wednesday, let's see if it's time to buy stock in these renowned investment firms.
BlackRock is making key leadership changes and combining some teams internally, according to a memo to employees from CEO Larry Fink and President Rob Kapito. The changes follow several major private market-linked acquisitions at BlackRock in the past year: Global Infrastructure Partners,
BlackRock Chief Executive Larry Fink has recently been sounding the alarm on a brewing retirement crisis in the U.S. Now his firm is changing the default investment that employees in its 401(k) plan a