Blackrock CEO Fink weighs in on Bitcoin ETF rumor
A false rumor rippled through the crypto world on Monday, sending Bitcoin prices higher after a report said the SEC had approved BlackRock's Bitcoin ETF application. CEO Larry Fink weighs in.
BlackRock's third-quarter profit rises as investors flock to its funds
On an adjusted basis, BlackRock earned $1.64 billion, or $10.91 per share, for the three months ended Sept. 30, from $1.45 billion, or $9.55 per share, a year earlier.
BlackRock’s Rick Rieder says the Fed will cut interest rates in 2024
BlackRock's Rick Rieder told FOX Business' Liz Claman he sees the Fed raising interest rates one more time before holding steady and then cutting rates in the second half of 2024.
Vanguard joins BlackRock in rejecting more ESG proposals from shareholders
Mutual fund giant Vanguard reported Monday it has rejected 98% of the environmental and social proposals brought by shareholders this year, joining BlackRock in cutting ESG.
BlackRock turned down record number of climate proposals amid inflation, ESG pushback
BlackRock, which manages trillions of dollars in investments worldwide, turned down the vast majority of climate and social proposals it faced during the most recent voting season.
BlackRock, MSCI being investigated by House Select Committee on China
The House of Representatives’ Select Committee on the Chinese Communist Party filed a letter Monday announcing a probe into asset management titan BlackRock.
GOP attacks Blackrock as Fink pivots on ESG
Congressman Bill Huizenga (R-MI), today sent letters to ten of the largest asset managers requesting how the investing giants balance their ESG initiatives with investor returns.
BlackRock gives proxy vote to retail investors of its biggest ETF
On Monday, BlackRock announced that U.S. retail investors of its largest exchange-traded fund will now have an opportunity to cast a proxy vote in the 2024 voting season.
BlackRock's Bitcoin spot ETF will ‘democratize’ crypto: CEO Larry Fink
BlackRock CEO Larry Fink says investors are at a disadvantage without a proper Bitcoin exchange-traded-fund and his firm is hoping the SEC will feel the same way.
BlackRock's Larry Fink on why he won't mention ESG anymore: 'It's been weaponized by left and right'
BlackRock asset management CEO Larry Fink sounded off on 'The Claman Countdown,' saying he will no longer use the term ESG due to its hyper-politicization.
PacWest sells loan portfolio for over $3.5B
PacWest Bancorp confirmed on Monday the sale of a $3.54 billion loan portfolio to asset firm Ares Management after the LA-based bank began selling real estate loans in May.
Republican attorneys general move to block BlackRock’s ESG push
More than a dozen Republican state attorneys general filed a motion with a key federal energy regulator seeking to block BlackRock from pushing an ESG agenda on utility companies.
FDIC enlists BlackRock to clean up banking castoffs
The FDIC enlisted BlackRock's Financial Market Advisory unit to help sell off $114 billion in leftover assets from recently failed banks, a role the influential firm has played before.
BlackRock internship discriminates under ‘guise’ of equity: complaint
America First Legal Foundation issued a civil rights complaint against asset management company BlackRock for allegedly violating the law by engaging in discriminatory hiring.
BlackRock CEO Larry Fink predicts number of total Federal Reserve interest rate increases
Larry Fink, the CEO of BlackRock, predicted how many more times the Federal Reserve will raise interest rates while speaking to "The Claman Countdown."
Vanguard narrows ETF gap with BlackRock
The Vanguard Group pulled in a net $25.7 billion into its exchange-traded (ETF) fund over the first quarter, fed by $19.1 billion of flows into its equity products.
BlackRock’s bond chief says Fed will continue with rate hikes then pause
BlackRock's global fixed income CIO Rick Rieder said on "The Claman Countdown" that the Federal Reserve will continue to raise interest rates before pausing to see if inflation abates.
Will the Fed cut interest rates this year? BlackRock warns it's unlikely
The Federal Reserve has made it clear that a banking sector crisis will not force its hand on interest rate cuts in 2023, according to BlackRock analysts.
BlackRock's Fink asks whether 'dominoes starting to fall' after 'years of easy money'
BlackRock founder Larry Fink asked in his annual letter released Wednesday whether the "dominoes are starting to fall" after "years of easy money" due to fiscal and monetary policies.
Pro-ESG Chuck Schumer was top recipient of BlackRock donations in 2022
Senate Majority Leader Chuck Schumer, D-N.Y., was the top recipient of political donations from BlackRock, a leading investment firm advocating for environmental, social and governance investing.