U.S. stocks pared early losses on Friday with the Dow turning mildly positive as investors scrutinized more economic data and Federal Reserve commentary following Thursday’s promising inflation report, as well Read more
Tag: BlackRock Inc.
FTX problems mean big headaches for its private equity investors
Privately-held FTX’s pending sale to its rival Binance could suck out billions in net worth not only from FTX founder Sam Bankman-Fried’s fortune, but also a deep bench of blue Read more
Apollo says it bought a third of these assets dumped during U.K. financial market turmoil
Apollo Global Management said it swooped in to snap up discounted assets during recent financial market turmoil in the U.K. On a conference call to discuss Apollo’s APO, +5.16% third-quarter Read more
Opinion: Wall Street CEOs confirm their allegiance to Beijing
China has been in the news plenty this year. First there was the controversy surrounding Beijing’s hosting of the Winter Olympics. And then the United Nations issued a report confirming China’s “crimes against humanity.” Read more
Classic 60/40 investing strategy sees worst return in 100 years: BofA
Rules of thumb in investing appear to no longer apply in the carnage of 2022 in financial markets. Advocates for the 60/40 portfolio split, designed to capture the upside of Read more
Thursday was ‘one of the craziest days of my career’ in markets, says Rick Rieder
Investors have witnessed some “pretty crazy” times in financial markets these past few weeks, with Thursday’s wild fluctuations ranking among the “craziest days of my career,” said Rick Rieder, the Read more
JPMorgan CEO Dimon says inflation hasn’t dampened consumer spending yet but give it time
JPMorgan Chase & Co. CEO Jamie Dimon on Thursday said inflation remains a major concern but for now consumers are doing OK. Dimon compared the plight facing the U.S. to Read more
War-torn Ukraine sets sights on additional IMF support not tied to its Fund quota
War-torn Ukraine has set its sights on additional support from the International Monetary Fund, which would not be tied to its IMF quota. The office of Ukrainian Prime Minister Denys Shmyhal Read more
Goldman Sachs turns bearish on stocks, while BlackRock says ‘shun most equities’
It’s been raining caution on Wall Street, with Goldman Sachs and BlackRock the latest big names to turn cool on equities. Days after cutting their year-end S&P 500 index target Read more
Companies should ‘leave politics to politicians’: Ramaswamy slams ESG investing
Vivek Ramaswamy, an author and the founder of Strive Asset Management, has become one of the most prominent critics of ESG investing. He regularly punches above his weight, taking on Read more