In an effort to streamline operations and adapt to a rapidly changing operating environment, BlackRock, Inc. (BLK) is planning to eliminate 600 jobs. This accounts for nearly 3% of the company’s total global workforce.Per a Reuters article, the job cuts are not focused on a single team.Despite this elimination, BlackRock remains positive about its future growth prospects. By the end of 2024, the company expects to employ more workforce, as it plans to expand certain parts of its business.In a memo to its st ...

Key TakeawaysIntuitive Surgical's share price continues to trend higher after breaking out from a falling wedge pattern, but faces resistance from two previous swing highs.BlackRock shares have broke above a two-year trading range, with the breakout point a key chart area to watch.The United States Natural Gas Fund closed above a long-term downtrend line Tuesday on record volume, indicating a significant shift in momentum.Here's our daily look at three charts connected to recent news-driven price moves, wit ...

Key PointsBlackRock has rolled out its 2024 outlooks, and the trend aligns with what the rest of Wall Street expects.Hands-on the wheel and three sectors is the advice, but which stocks look ripe for a potential purchase? Markets, analysts, and Buffett have hinted at the likely trends taking on water.5 stocks we like better than CitigroupThe new year is here, and all the major investment banks and asset managers have been excitingly putting out their macroeconomic projections for 2024. Whatever they advise ...

BlackRock Inc (NYSE:BLK) is to cut around 3% of its staff just months after it warned it was feeling the impact of investors parking money in high-interest cash accounts. Some 600 jobs will go out of a workforce of close to 20,000, said the world’s largest fund management group in a memo to staff, with the cuts spread among all of its various investment teams. BlackRock had US$9.1 trillion assets under management at the end of October, down slightly from three months earlier. The group has been heavily crit ...

BlackRock Inc (NYSE:BLK), one of the largest global asset managers, has warned investors about the potential risk of politicians promising increased spending to win the upcoming election, which could trigger a backlash in the bond market.   In 2022, unfunded tax cuts disrupted financial markets, leading to the resignation of then Prime Minister Liz Truss and intervention by the Bank of England.  The concept of ‘bond vigilantes’, investors who sell bonds in protest against policies they deem inflationary, ga ...

Investment-management giant BlackRock Inc. plans to lay off around 3% of its staff, or around 600 employees, the company said on Tuesday, amid what executives described as a “rapidly changing” economic backdrop and shifts in client demands. In a memo to employees, Chief Executive Larry Fink and President Rob Capito said they still expected the company’s workforce to be bigger by the end of the year “as we continue adding people and building capabilities to support key areas of growth.” They also said m ...

BlackRock, the world’s largest asset manager, said Tuesday it will cut about 3% of its workforce, though it expects to have a larger headcount by the end of 2024.The job cuts would amount to roughly 600 positions based on BlackRock’s workforce of 19,800 at the end of December 2022, the last time its employee numbers were updated. No single team will be the focus of the cuts, according to a source at the firm.Shares of the asset manager are up about 5% over the last 12 months, well behind the roughly 22% ga ...

Despite a downturn to begin 2024, certain stocks continue to stand out. While they might be divided on the overall direction of the market, analysts remain bullish on many individual stocks. They share common attributes. That includes solid earnings, strong competitive advantages, and catalysts that are expected to drive their share prices higher. Investors looking for safe places to park their money in the current market should pay close attention to the ratings and outlooks that analysts have on some stoc ...

Bitcoin (BTC), the world's most prominent cryptocurrency, surged past the $47,000 mark on Jan 8 before settling just above $46,825. Cryptocurrencies rallied in 2023 and gathered further pace in late October, which has continued into this year. The last time Bitcoin traded above $47,000 was in April 2022. Although Bitcoin price remains below its alltime high of $67,000 reached in November 2021, market participants are once again bullish about its potential that is driving the rally. The recent rally is prima ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewInvestors positioning for sharp interest-rate cuts by the Federal Reserve this year may be disappointed, according to BlackRock.The central bank probably won't cut rates as markets expect because ...