BlackRock Inc. (BLK) , State Street Corp. (STT) and Vanguard have been accused of violation of antitrust law via climate activism, which reduced coal output and hiked energy prices. The allegations have been brought in by Texas and 10 other states.The lawsuit was filed this Wednesday in the Federal Court in Tyler, TX, and is one of the top-profile lawsuits aimed at efforts promoting environmental, social, and governance (ESG) goals.The 10 other states are Alabama, Arkansas, Indiana, Iowa, Kansas, Missouri, ...

BlackRock (BLK) is on the cusp of acquiring HPS Investment Partners for a reported $12 billion. This was stated by the Financial Times citing persons familiar with the matter.The move underscores BlackRock's commitment to strengthening its foothold in the fast-growing alternatives market, particularly private credit—a sector witnessing robust demand amid shifting banking dynamics and investor preferences.HPS Investment, a private credit powerhouse managing $150 billion as of Sept. 30, 2024, stands out for i ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

In the latest trading session, BlackRock Finance (BLK) closed at $1,031.49, marking a -0.48% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.3%. Meanwhile, the Dow experienced a rise of 0.99%, and the technology-dominated Nasdaq saw an increase of 0.27%.The investment firm's shares have seen an increase of 6.41% over the last month, surpassing the Finance sector's gain of 4.87% and the S&P 500's gain of 2.1%.Market participants will be closely following the finan ...

NEW YORK, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Pyramid Analytics, a market-leading, AI-driven analytics and decision intelligence company, announced it has raised $50M in new financing from funds and accounts managed by BlackRock Capital Investment Advisors, LLC (“BlackRock”).  The fresh investment comes on the heels of Pyramid being named a Visionary in the 2024 Gartner® Magic Quadrant™ for Analytics and Business Intelligence Platforms, and being awarded the highest rank in all four use cases of the 2024 Gart ...

Group 1 - The analyst has issued articles on Business Development Companies (BDCs) indicating a high probability of dividend cuts in the near future before the Q3 2024 earnings season [1] Group 2 - Roberts Berzins has over a decade of experience in financial management, focusing on shaping financial strategies for top-tier corporates and executing large-scale financings [2] - He has contributed to institutionalizing the REIT framework in Latvia to enhance liquidity in pan-Baltic capital markets [2] - His policy-level work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [2]

Michael Saylor has had quite the year. MicroStrategy (MSTR 6.19%), the company he co-founded roughly 35 years ago, is up more than 500% in 2024. The billionaire has also seen his net worth climb by about $1 billion, according to Fortune.Bitcoin (BTC 1.50%), the world's largest cryptocurrency, is behind Saylor's good fortune, as MicroStrategy is its largest publicly traded holder, and Saylor also owns a lot of Bitcoin personally. While the gains have been massive, Saylor thinks the good times are just starti ...

BlackRock Inc. (BLK) mulls over a major expansion move in Mexico that could increase the workforce in the nation to 400. This was first reported by people familiar with the matter to Bloomberg.BLK’s Rationale Behind This MoveMexico offers lucrative investment opportunities in infrastructure projects, Sergio Mendez, BlackRock’s top executive in Mexico stated during a panel discussion last week. Further, the head of Mexico’s debt office informed in an annual gathering of the country’s pension funds that the g ...

Closed-End Funds Analysis - Discounts on US closed-end funds have been wide this year, although they were even wider last year [1] - Through the middle of the year, discounts on closed-end funds were disappointing, but currently average [1] Analyst Background - Bram de Haas has 15 years of investing experience and over 5 years managing a Euro hedge fund [1] - He is a former professional poker player and uses risk management skills to identify lucrative investments based on special situations [1]

TORONTO, Nov. 20, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the final November 2024 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on November 21, 2024 will receive cash distributions payable on December 2, 2024. Details regarding the final “per unit” distribution amounts are as follows: Fund NameFund Ticker Cash Distribution Per Unit iShares ...