BlackRock Inc. CEO Larry Fink revealed on Thursday that the world's largest asset manager is buying billions of pounds worth of assets in the United Kingdom, citing renewed confidence under Prime Minister Keir Starmer's government. "I have more confidence in the UK economy today than I did a...
BlackRock CEO Larry Fink told CNBC on Friday that the United States economy has deteriorated significantly in recent months."I think we're very close, if not in, a recession now," Fink shared in the interview. He explained that a slowdown is expected until there is more certainty. "And we now have a...
BlackRock Inc. CEO Larry Fink said on Friday that uncertainty about the future of markets is causing anxiety among his company's clients."We've seen periods like this before when there were large, structural shifts in policy and markets – like the financial crisis, COVID, and surging inflation in 2022,"...
BlackRock Inc. shared on Friday that its revenue in the first quarter of its fiscal 2025 came in at $5.3 billion, growing 12% compared to the same three-month period in 2024.Meanwhile, net income in the first trimester landed at $1.5 billion, down 4% on an annual basis, while diluted earnings per...
Levi Strauss & Co., Delta Air Lines, and major US banks are set to release their earnings this week, offering insight into the start of the first-quarter reporting season. This will be the first batch of earnings since the Trump administration announced the implementation of tariffs, providing a glimpse...
Shares of companies from the banking and financial sector in the United States lost ground on Friday after the Trump administration imposed reciprocal tariffs on a wide range of countries, raising US recession concerns.The day before, Fitch Ratings warned that tariff policy significantly increases the risk...
BlackRock Inc., leading a consortium of investors, reached a $22.8 billion agreement to acquire majority stakes in ports on both sides of the Panama Canal from CK Hutchison, a Hong Kong-based conglomerate.The deal includes Panama Ports Company, which operates the Balboa and Cristobal...
The United States expects Ukrainian President Volodymyr Zelensky to agree to cede the control of some land in order to reach a peace deal with Russia, Fox Business reporter Charlie Gasparino wrote on Tuesday citing sources.Talking about the further specifics of the deal offered by US President...
BlackRock has decided to cancel planned engagement meetings with companies after a shift in US Securities and Exchange Commission guidelines, according to people familiar with the matter, as reported by Semafor on Tuesday.The change affects how large investors, including index funds, can...
BlackRock Inc. CEO Larry Fink said on Thursday that he currently does not see a short-term scenario that would force the United States Federal Reserve to reverse its monetary policy course. However, he also warned there are some "very large inflationary pressures" the US should be aware of.In an...
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