#BLACKROCK News, Headlines and Posts

#BLACKROCK News

Are We About to Feel the Economic Pain Powell Warned Would Be Coming?

morningstar.com Last August, when the Federal Reserve was in the middle of the most aggressive interest-rate-hiking campaign in decades to bring down the highest inflation in decades,…

Nasdaq to launch crypto custody service for BTC, ETH in 2023 to inaugurate digital assets arm

cryptoslate.com New York-based Nasdaq Stock Exchange is looking to launch a crypto custody service by the end of the second quarter, Bloomberg News reported on March 24. The exchange first…

TikTok’s C.E.O. Struggles to Make his Case in Washington

nytimes.com Lawmakers interrogated Shou Chew over the video app’s ties to the Chinese government in a hearing that suggests the company’s problems are far from over. The C.E.O. of…

Do Anti-ESG States Know They’re Facing Some of the Worst Climate Change Hazards?

thedailyupside.com Unless the data are dead wrong, it is increasingly clear that many of the U.S. states facing some of the greatest climate change hazards appear to be the ones most…

Is Tokenization the Future or a Plague of False Promises?

beincrypto.com Larry Fink, the CEO of BlackRock, has sent mixed messages about the potential of tokenization. His thoughts have stirred debate in the financial world, raising questions…

International real estate giant Novotel to tokenize new hotel and residential project in Georgia

finbold.com In order to tokenize its newest European hotel and residential project in the Republic of Georgia, the multinational hotel chain Novotel has partnered with the technology…

A night to remember: rings the closing bell at the London Stock Exchange to celebrate diversity in the workplace

thetradenews.com Last night The TRADE hosted a memorable event at the London Stock Exchange in partnership with LSEG, celebrating women in trading and investment and welcoming back some of…

Hundreds of funds to be stripped of ESG rating

ft.com Unpublished BlackRock research also reveals thousands more will be downgraded in wide-ranging MSCI shake-up

"Even more financial chaos": Latest hike by Fed "risks throwing millions of Americans out of work" -

touzafair.com “Even more financial chaos”: Latest hike by Fed “risks throwing millions of Americans out of work” rogressive economists and other experts blasted Federal Reserve leadership…

TikTok CEO Defends App’s Practices in Congressional Hearing and Argues Against Ban: Company ‘Is Not an Agent of China’

variety.com In front of a panel of skeptical and hostile U.S. representatives, TikTok CEO Shou Zi Chew tried to make the case for why the popular app is not a security threat to the…

Bank On The Money: 3 Top-Rated Financial Stocks To Buy

seekingalpha.com Inflation and what’s next amid the global banking crisis? The breakdown of Silicon Valley Bank (SIVB) was due to a run on the bank; the bank was not insolvent or even close…

BlackRock CEO Is Wrong: Remote Work Reduces Inflation (Video & Podcast)

datadriveninvestor.com BlackRock CEO Larry Fink is wrong about remote work and inflation. Remote work reduces inflation, because remote work productivity is higher, while other costs in remote…

Markets Struggle to Decide Where Banking Rules Go From Here

nytimes.com Jerome Powell, the chair of the Federal Reserve, and Treasury Secretary Janet Yellen said that more must be done to rein in banks. What that looks like is unclear. Markets…

Nasdaq, S&P futures rebound from post-Fed slump as markets price in no more hikes

seekingalpha.com Stock index futures pointed to a higher opening led by growth Thursday following a late selloff post-Fed in the previous session. The Fed hiked by a quarter point as…

BH Digital raises $9 million for its liquid token strategy

theblock.co BH Digital has raised $9 million from investors for its liquid token strategy, known as the Nova Digital Opportunities fund. The fund has three investors — with the first…

The sure-footed Fed of the past year now in doubt about next policy step

reuters.com For the first time in a year the Federal Reserve has left its next policy step in doubt as its policymakers weigh the risks of continued high inflation against a possibly…

Startup’s 3D-printed rocket delivers stunning night launch but fails to reach orbit

cnn.com Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. Startup Relativity Space…

5 Bond ETFs To Watch Ahead Of The Fed's Key Interest Rate Call Wednesday

benzinga.com The Federal Reserve's interest rate decision on Wednesday will have major repercussions not just for the stock market, but also for the bond market. The market is now…

TikTok CEO to tell lawmakers its parent company is ‘not an agent of China’

cnn.com TikTok CEO Shou Chew plans to tell US lawmakers that the app’s parent company, ByteDance, does not work for the Chinese government as he seeks to avert a US ban and reassure…

Here’s everything the Federal Reserve is expected to do Wednesday

cnbc.com The Federal Reserve will close its two-day meeting Wednesday with a heavy air of uncertainty as the central bank moves forward in its efforts to bring down inflation and…

TikTok CEO to Tell US Lawmakers: ‘We’ve Never Shared Data’

asiafinancial.com TikTok CEO Shou Zi Chew will “unequivocally” deny claims the Chinese-owned short video app has, or ever would, share the data of US users with the Chinese government, when…

Fidelity and BlackRock Expands into BTC and ETH Space amid Crypto Prolonged Winter

coinspeaker.com Coinspeaker Fidelity and BlackRock Expands into BTC and ETH Space amid Crypto Prolonged Winter As the crypto winter persists, with investors beginning to lose hope in a…

Five questions for the Federal Reserve as the banking crisis drags on

cnn.com A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the…

UBS jumps on hopes for successful Credit Suisse takeover – DW

dw.com Some optimism has returned to financial markets. But concerns remain as to whether the banking crisis is really over following UBS's takeover of teetering peer Credit…

TikTok CEO: App has never shared US data with Chinese government

reuters.com TikTok CEO Shou Zi Chew will tell lawmakers the Chinese-owned short video app with more than 150 million American users has never, and would never, share U.S. user data with…

$14 Trillion Earthquake: Fidelity And BlackRock Are Quietly Laying The Groundwork For The Next Bitcoin, Ethereum And Crypto Price Bull Run

forbes.com Bitcoin , ethereum and other major cryptocurrencies are currently trading far below their all-time highs—though one influential investor who saw the Covid pandemic coming…

Core Scientific to Send $20M Worth of Mining Equipment to Settle Payment Dispute

cryptopotato.com The United States Bankruptcy Court for the Southern District of Texas ordered Core Scientific to transfer approximately $20.8 million worth of mining equipment to the energy…

How the Fed’s rate hikes spelled trouble for banks like SVB

marketplace.org You know, at the root of all this banking turmoil — the runs on banks, the collapse, the potential reworking of how bank insurance works, the political fighting — is one…

Is Your Cash Safe In The Bank? Experts Offer Advice Amid Concerns Of Systemic Market Risk

forbes.com The monumental failure of Silicon Valley Bank and Signature Bank earlier this month have raised concerns of system-wide contagion that could spread to other regional and…

UBS shares jump on hopes for successful Credit Suisse takeover

dw.com Some optimism has returned to financial markets. But concerns remain as to whether the banking crisis is really over following UBS's takeover of teetering peer Credit…

"An Extraordinary Change": Labor Data Reveals Shocking Drop In Workplace Attendance Following Vax Campaign

zerohedge.com "An Extraordinary Change": Labor Data Reveals Shocking Drop In Workplace Attendance Following Vax Campaign Last we heard from former Blackrock portfolio manager Ed Dowd and…

Visa CMO Frank Cooper III on Finding Your Purpose

adweek.com Driving relevance means driving growth. Join global brands and industry thought leaders at Brandweek , Sept. 11–14 in Miami, for actionable takeaways to better your…

Fidelity, BlackRock, and Crypto’s Next Bull Run

watcher.guru With a combined $14 trillion in assets, Forbes has reported that Fidelity and BlackRock are “quietly laying the groundwork,” for crypto’s next bull run. Specifically, the…

Washington Watch: Biden’s first veto impacts your 401(k) and the U.S.’s climate-change fight

marketwatch.com President Joe Biden as promised has vetoed the latest attempt to limit how much retirement-fund managers, including for 401(k)s and pensions, consider climate change,…

Some Republicans are blaming SVB’s collapse on ESG initiatives

marketplace.org There are claims circulating among some Republican politicians that environmental, social and governance-centered investing helped lead to the failure of Silicon Valley…

Coinbase Offered a $3 Billion Credit to Circle Amid the SVB Turmoil (Report)

cryptopotato.com The US-based cryptocurrency exchange – Coinbase – reportedly offered a line of credit worth $3 billion to Circle to help it fix its financial cracks after the collapse of…

Pimco, Invesco Face Losses in Credit Suisse Debt Writedown

yahoo.com Pacific Investment Management Co. and Invesco Ltd. are among the largest holders of Credit Suisse’s so-called Additional Tier 1 bonds that have been wiped out after the…

Pimco and Invesco had the biggest holdings in Credit Suisse CoCo bonds: report

marketwatch.com Investment heavyweights Pimco and Invesco will face huge losses as some of the largest AT1 bondholders in Credit Suisse, with over $1.1 billion of investment in the risky…

Top US Fund Manager Vanguard to Shut China Office, Quit Ant JV

asiafinancial.com US fund giant Vanguard Group is shutting its main China office and exiting from a joint venture with Ant Group, five sources with knowledge of the matter said. The moves…

Vanguard Plans to Shutter Business in China, Exit Ant JV

yahoo.com Vanguard Group Inc., the US asset management giant, has decided to shutter its remaining business in China after a retreat two years ago, according to people familiar with…

How Crypto-Friendly Will UBS Be Following the Potential Credit Suisse Acquisition?

beincrypto.com The crypto-friendly bank UBS Group AG is purportedly making an offer to purchase the global investment bank Credit Suisse with an increased offer of $3.2 billion dollars.…

US stocks jump as traders hope worst of banking crisis has passed

businessinsider.com Stock traders Drew Angerer/Getty Images US stocks closed higher Monday as investors tried to navigate uncertainty in the banking system. UBS' takeover of Credit Suisse over…

BlackRock Makes Morningstar List of Financial Stocks

thestreet.com The recent drop of bank stocks has pulled down non-bank financial stocks too, but some may be strong. You don’t want to throw out the baby with the bathwater, as the saying…

Tips regarding ETFs for senior investors

foxbusiness.com Senior investors who are seeking diversification in their portfolio may want to consider exchange-traded funds. "An ETF is a pooled investment vehicle with shares that…

It's too early to call a bottom for the stock market because there's more pain coming for regional banks, BlackRock strategist says

businessinsider.com John W Banagan / Investing The banking crisis hasn't fully played out so it's too soon to call a market bottom, a BlackRock strategist said. In particular, there's "more…