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BlackRock (BLK) partners with PIF to set up an investment management platform in Saudi Arabia. The strategic move intends to boost the investment management industry in the region.
There aren't many names in the world of finance that command as much attention and speculation as BlackRock (NYSE: BLK). With its colossal $10.47 trillion in assets under management (AUM) as of Q1 2024, the company often prompts questions about the extent of its influence and ownership.
The market will be listening closely on Wednesday for messaging from Federal Reserve Chairman Jerome Powell about whether interest-rate hikes may be on the table due to inflation worries.
The world's largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, backed by up to $5 billion from Saudi sovereign wealth fund the Public Investment Fund (PIF).
Amanda Lynam, head of macro credit research at BlackRock, says, “it's clarity on the macro that we need, not necessarily a favorable macro in terms of rate reduction,” as she discusses the Federal Reserve holding off on rate cuts. Lynam also examines what credit issuance shows about companies' ability to deal with higher interest rates.
Taking Roth IRA withdrawals can help lower your Social Security tax burden. Money in HSAs can be used for non-qualified medical expenses once you turn 65.
BlackRock Global Chief Investment Strategist Wei Li comments on the earnings season, the impact of artificial intelligence and how it plays into the 2024 equities rally. "I think there is greater runway for AI adoption to not only play out further in this Magnificent Seven, but beyond the tech sector in other sectors like healthcare, financials and industrials as well," Li said on Bloomberg Television.
Hedera ( HBAR-USD ) crypto has been incredibly volatile recently after a misunderstanding resulted in the token soaring higher yesterday. The confusion came from a BlackRock (NYSE: BLK ) report about the firm handling its tokenizing its first money market fund.
BlackRock CIO of of global fixed income Rick Rieder says BlackRock has cut its own interest-rate exposure, weighting investments more to shorter maturities, and envisions the Fed being able to lower interest rates twice this year as inflation moderates in the months ahead. He speaks with Katie Greifeld, Tim Stenovec and Eric Balchunas on "ETF IQ.
BlackRock increased spending on private security for CEO Larry Fink more than threefold last year after he came under withering criticism.