|Day's range||118.48 - 118.48|
The private credit industry is booming with acquisition deals in the wake of the banking fallout earlier this year. Semafor Business and Finance Editor Liz Hoffman joins Yahoo Finance Live to break down how the lending landscape has changed.
BlackRock (BLK) signs an agreement to acquire Kreos Capital. This will help the company provide its clients with a wide range of private market investment products and services.
NEW YORK, June 09, 2023--Today, BlackRock’s Emergency Savings Initiative announced that, through partnerships fueled by $30 million in philanthropic capital, the program has helped build over $2 billion dollars in net new savings for the program’s participants and made breakthrough short-term savings solutions possible for over 10 million Americans who participate in programs conducted by BlackRock’s non-profit partners.
LONDON, June 08, 2023--BlackRock Inc. (NYSE: BLK) and Kreos Capital ("Kreos") today announced a definitive agreement under which BlackRock will acquire full control of Kreos, a leading provider of growth and venture debt financing to companies in the technology and healthcare industries.
The world's biggest asset manager BlackRock said it hopes to raise up to $7 billion for its fourth Global Renewable Power Fund as clients ramp up climate-friendly investments. The fund, focused on projects in Organisation for Economic Co-operation and Development countries, could invest across wind and solar as well as other clean technologies such as batteries and grid infrastructure. Demand from institutional investors to back such projects has increased in recent years as more seek to align their portfolios with the transition to a low-carbon economy, BlackRock's Global Head of Climate Infrastructure David Giordano told Reuters.
BlackRock is buying one of Europe’s biggest providers of loans to start-ups and technology companies, as the firm continues to expand its $45bn private credit business. The world’s largest money manager is buying London-based Kreos Capital and taking on its 45 employees, BlackRock senior executive Stephan Caron said in an interview with the Financial Times, without disclosing the value of the transaction. The move will allow BlackRock’s clients to tap into the growing venture debt sector — which involves providing loans to start-ups rather than taking equity stakes — at a time when appetite for private debt is booming.
In the latest trading session, BlackRock (BLK) closed at $676.49, marking a -0.79% move from the previous day.
BlackRock (BLK) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
BlackRock (NYSE: BLK), the world's largest asset manager, has endured a difficult couple of years. As the largest provider of exchange-traded funds (ETFs), as well as a prominent manager of mutual funds and institutional investments, its fortunes are largely tied to the movements of the broader markets. Last year, BlackRock's stock price was down about 20% while the S&P 500 was also lower by about that much -- 19%, to be exact.
Mutual Fund Report for BGSCX
BlackRock Inc Chief Executive Laurence Fink said on Wednesday that inflation remained sticky and the Federal Reserve may need to hike interest rates further to contain price pressures. Fink, who heads the world's largest asset manager, said at a Deutsche Bank financial services conference that he expects at least two more rate increases by the Fed. But he downplayed the risk of a U.S. recession, saying that, if one occurs, it would likely be modest.
A decline in labour growth and expected fall in the working age population will be a drag on emerging economies already suffering from fading growth prospects, BlackRock's Global Head of Emerging Markets Amer Bisat told Reuters. Global population growth over the past five decades fuelled a surge in labour and a rapid increase in gross domestic product in many emerging economies but Bisat said demographics were no longer a boon for the countries. The changing demographics come against a backdrop of higher global interest rates and levels of debt which add to pressure on developing economies, with capital accumulation in emerging markets set to be "tough", said Bisat, who leads a team managing approximately $35 billion at the world's largest asset manager.
Investing.com - "We've been saying since the end of 2022 that rate cuts this year would be unlikely as inflation sticks around. Markets are waking up to our view as a look under the hood reveals signs of weaker growth in major economies and market weakness due to rate hikes."
BlackRock (BLK) closed the most recent trading day at $673.58, moving +0.19% from the previous trading session.
Take a look at these three top-ranked, best-performing and well-managed mutual funds if you're looking to maximize your retirement portfolio returns.
Smart Beta ETF report for IGEB
The FT has granted me some time off for good behaviour, but I leave you in the very capable hands of my colleague, Brooke Masters, the FT’s New York-based financial editor. This week, she’s delivering an investment masterclass that I know you’re going to love, grilling a high-profile female investor in the US who is in charge of managing the retirement assets of over 35mn Americans. To help us do that, I’ve brought on someone who knows a great deal about retirement planning: Anne Ackerley.
Bonds are back. Here's what you should know.
BlackRock Global Fixed Income Chief Investment Officer Rick Rieder joins Yahoo Finance Live to discuss the state of the economy, the market's reaction to debt ceiling talks, and BlackRock's new ETF.
BlackRock Global Co-Head of Bond ETFs Steve Laipply sits down with Yahoo Finance Live to talk about market volatility amid prolonged debt ceiling negotiations and how to better position fixed-income portfolios.
A continued rise in expenses may hurt BlackRock's (BLK) bottom-line growth. However, efforts to restructure the active equity business will likely aid the top line.
Ameriprise (AMP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
(Reuters) -Top fund manager BlackRock Inc won support from investors at its annual meeting on Wednesday as it seeks a middle ground in debates over its environmental, social and governance (ESG) policies. BlackRock said each of its director nominees received "well over a majority" of votes cast at the meeting, held online, and that 92% supported the pay of Chief Executive Larry Fink and other leaders. In addition New York-based BlackRock said two shareholder resolutions raising climate concerns won less than 10% support, while a third resolution from a conservative group that targeted BlackRock's diversity policies won less than 1% support.
Yahoo Finance's Allie Canal and Josh Schafer discuss BlackRock's media roundtable event, including the possibility of a recession, Fed funds rate, and the company's two new ETFs.