BlackRock, the world’s largest asset manager, likes investment-grade credit more than stocks as it sees “a new market regime with higher volatility taking shape,” according to a note Monday from Read more
Tag: asset management
This is how fund managers work behind the scenes to influence companies’ environmental and social policies
When Engine No. 1 scored a coup by winning a proxy vote and getting three environmentally minded members elected to Exxon Mobil’s board of directors in 2021, it sent shockwaves Read more
Could a tough macro environment speed up Western Digital’s breakup?
Western Digital Corp., which is considering a breakup of its hard disk drive and flash businesses, is also wrestling with a tough macroeconomic environment. On Friday Western Digital Corp. WDC, Read more
Stocks have rallied, but July ETF buying showed ‘lack of conviction’ as thematic funds bled
Hi! In this week’s ETF Wrap, you’ll see that demand for equities was sluggish even as stocks surged in July. Investors were defensive, largely shunning thematic ETFs. Please send feedback Read more
BlackRock partners with Coinbase to offer bitcoin access to institutional investors, despite market downturn
BlackRock Inc., the world’s largest asset manager, is partnering with Coinbase Global Inc. to offer direct access to bitcoin to some institutional clients. Common clients of Coinbase COIN, +15.30% and Read more
PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat
After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback Read more
Bitcoin has already bottomed, has a fair value of $40,000, says Anthony Scaramucci
Anthony Scaramucci, founder and managing partner at SkyBridge Capital, said he believes that the worst of the crypto bear market has already passed, after crypto hedge fund Three Arrows, lender Read more
Did the stock market peer through ‘rose-colored glasses’ as tech surged in July?
Growth and technology-related stocks jumped in July, with investors now trying to discern what recessionary risks mean for their recent bear-market rally. “I don’t think there’s any all-clear on non-profitable Read more
Pinterest stock jumps 20% after Elliott confirms stake; earnings miss but users stick around
Pinterest Inc. missed expectations for earnings and guided for revenue lower than analysts expected in the current quarter, but shares still spiked in after-hours trading as users stuck around, and Read more
Opinion: Fidelity’s bitcoin move getting all the wrong publicity
What would Ned Johnson do? The late, great Fidelity Investments honcho built his family’s Boston-based money management firm into one of the biggest in the world over the course of Read more