Blackrock CEO Larry Fink, who oversees $10 trillion, running the world’s largest asset manager, is no stranger to things being big. Still, the explosive growth of spot bitcoin exchange-traded funds, especially the firm’s, caught even the seasoned Wall Street executive off guard.  "I am very bullish on the long-term viability of bitcoin," he said Wednesday during an interview on "The Claman Countdown." The cryptocurrency has been climbing and hit a fresh all-time high of $71,000 this week. "That surprised me ...

Saving for retirement can feel like an uphill battle, especially when you're juggling day-to-day expenses and trying to keep your head above water.But BlackRock CEO Larry Fink shares an action that can kick-start your journey: building an emergency fund. In his annual letter to investors, he points out that people with emergency savings are 70% more likely to invest for retirement.So, if you're seeking to tackle your daily finances while saving for retirement, here are three tips to kick-start your journey. ...

TORONTO, March 22, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the final March 2024 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on March 25, 2024 will receive cash distributions payable on March 28, 2024. Details regarding the final "per unit" distribution amounts are as follows: Fund NameFund Ticker Cash Distribution Per Unit ($) iShares Pre ...

If you follow Warren Buffett stock news, you’re already familiar with the rumblings and rumors surrounding his secret stock pick. For the uninitiated, legendary value investor and founder/CEO of mega-conglomerate Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) has been keeping a secret. Corporate entities with a significant stake in publicly traded companies are compelled by SEC regulation to report the transactions, whether buying or selling when the gross volume exceeds a certain percentage of total shares av ...

The world's largest asset manager, BlackRock, is pushing back on Texas' decision to withdraw roughly $8.5 billion in assets belonging to the Texas Permanent School Fund (PSF) over what the state says is a boycott of energy companies. Texas State Board of Education Chairman Aaron Kinsey on Tuesday announced that the PSF would withdraw funds to comply with a 2021 state law that seeks to prevent the state's public funds from being managed by financial institutions that boycott the oil and gas sector. Kinsey sa ...

As part of its efforts to further expand its foray into digital assets, BlackRock, Inc. (BLK) has filed with the Securities and Exchange Commission (“SEC”) to offer a tokenized private equity fund — BlackRock USD Institutional Digital Liquidity Fund Ltd. — in partnership with financial service provider Securitize.It is not yet clear what assets the fund will hold. But, given Securitize’s presence, it is assumed that the fund will deal with the tokenization of real-world assets.Per the filing, the minimum in ...

BlackRock (BLK) ended the recent trading session at $802.30, demonstrating a +0.26% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.57%. Meanwhile, the Dow gained 0.83%, and the Nasdaq, a tech-heavy index, added 0.39%.Coming into today, shares of the investment firm had gained 0.79% in the past month. In that same time, the Finance sector gained 2.81%, while the S&P 500 gained 2.97%.The investment community will be paying close attention to the earnings performan ...

The State of Texas is terminating a massive $8.5 billion investment with trillion-dollar asset manager BlackRock over the state’s determination that the firm is engaged in a boycott of energy companies.In an announcement first shared with FOX Business, Texas State Board of Education Chairman Aaron Kinsey said the so-called Texas Permanent School Fund (PSF) had delivered a notice to BlackRock on Tuesday, informing the New York City-based firm of the action. According to Kinsey, the move was made in accordanc ...

TORONTO, March 18, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE:BLK), today announced the March 2024 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada which pay on a monthly basis. Unitholders of record of a fund on March 25, 2024 will receive cash distributions payable in respect of that fund on March 28, 2024. Details regarding the "per unit" distribution amounts are as follows: ...

NEW YORK--(BUSINESS WIRE)--BlackRock today announced the launches of the iShares S&P 500 BuyWrite ETF (Cboe: IVVW) and the iShares Russell 2000 BuyWrite ETF (Cboe: IWMW), which seek to generate an attractive monthly income and help investors diversify their income sources. The ETFs provide access to a differentiated source of income by selling monthly call options on their underlying indices – in addition to receiving dividend income – in a single-ticker solution. The Funds expand BlackRock’s outcome-ori ...