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Earlier this week, the Fed engaged BlackRock to purchase tens of billions of bonds as part of its massive debt-buying program.
The world's largest money manager worked with the Fed during the last financial crisis by overseeing assets previously held by Bear Stearns and AIG.
Jeff Bezos, Larry Fink, and other top US execs dodged $1.9 billion in losses by selling their own stock as the coronavirus outbreak worsened
Jeff Bezos accounted for one-third of all executive sales in 2020, cashing in $3.4 billion in Amazon stock before markets tumbled through February.
The call to close financial markets is getting louder from top investors. But authorities say it ‘makes no sense.’
"Financial markets are critical to managing risk and ensuring the resilience of the U.S. and global economies." They must remain open, CME Group said.
‘This is not 2008’: BlackRock lays out a scenario it thinks could rescue the record-long economic expansion amid coronavirus fears
"We don't see this as an expansion-ending event — provided that preemptive and coordinated policy response is delivered," BlackRock said.
‘Pleasantly surprised’: Activists say BlackRock’s climate change strategy is a good first step, but more needs to be done
It's a "major first step on climate action," but it "remains to be seen how much action will actually be taken," one activist said.
‘A fundamental reshaping of finance’: The CEO of $7 trillion BlackRock says climate change will be the focal point of the firm’s inv...
"In the near future — and sooner than most anticipate — there will be a significant reallocation of capital," CEO Larry Fink said in an annual letter.
Traders just piled the most money since 2016 into a popular emerging-markets fund — and it’s a wager that Trump’s phase-one trade de...
The influx arrived just hours before news broke that a US airstrike killed a top Iranian general and ratcheted up tensions between the two countries.
The startup making the Tesla Cybertruck’s closest rival just raked in $1.3 billion from T. Rowe Price, Amazon, Ford, and BlackRock
Rivian has now raised over $3 billion. It plans to release an electric SUV, the R1S, and an electric pickup truck, the R1T, next year.
"I engaged in a consensual relationship with one of our colleagues," said Mark Wiseman, who had been touted as a potential successor to CEO Larry Fink.