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Stock market today: Indexes slip ahead of Powell comments and as traders look to jobs data

Fed Chairman Jerome Powell will speak Tuesday at a central bank forum, while investors await the la…

Filip De Mott   


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Why the Fed may want to cut rates to tame inflation, according to BlackRock's bond chief

"I would lay out an argument that actually, if you cut interest rates, you bring down inflation," R…

Jennifer Sor   


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India's once-hot startup Byju's was valued at $22 billion. Now, BlackRock says its investment is worth nothing.

The Indian company, once valued at $22 billion, is facing legal and financial troubles. HSBC just w…

Shubhangi Goel   


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BlackRock warns the worst US bond rout in history is far from over

The US bond market is enduring the worst rout in history, with benchmark yields quintupling since t…

Anil Varma   


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Roaring Kitty becomes the 4th largest GameStop shareholder after nearly doubling his position to 9 million shares

With Gill owning nine million shares, he stands to earn or lose $90,000 for every penny move in Gam…

Matthew Fox   


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Stock market today: Stocks edge higher to close at a record after upbeat producer inflation data

Stocks rose but pared gains from earlier in the day. The 10-year Treasury dropped after May PPI boo…

Max Adams,Filip De Mott   


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Stock market today: US stocks climb as wholesale inflation data shows big cooldown in prices

The producer price index notched its biggest decline since October, boosting hopes that the Fed has…

Filip De Mott   


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Stocks are adjusting to the new normal of high volatility, but haven't yet priced in coming 'macro damage,' BlackRock says

The US economy is the weakest its ever been outside an official recession, according to one measure…

Jennifer Sor   


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Volatility in the Treasury market likely isn't over and the 10-year yield could reach 5%, BlackRock says

"US 10-year yields at 16-year highs show they have adjusted a lot – but we don't think the process …

Jennifer Sor   


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BlackRock's COO said he gave his staff a memo written by ChatGPT and they couldn't tell AI wrote it

"No one realized it was actually written by a computer," said BlackRock COO Robert Goldstein.

Kwan Wei Kevin Tan   


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BlackRock reduces Byju's valuation to mere $1 billion

Byju's did not immediately comment on the latest valuation cut. This isn't the first time BlackRock…

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Stock market today: Dow closes above 40,000 for the first time as latest inflation data fuels big weekly gains

The Dow clinched a record it had been flirting with for days, topping 40,000 for the first time as …

Matthew Fox   


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Stock market today: US stocks edge higher as major indexes flirt with record highs

Solid earnings, easing inflation, and a resilient consumer have served as a trifecta for higher sto…

Matthew Fox   


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3 things America can do to solve its retirement crisis, according to BlackRock chief Larry Fink

Almost half of Americans aged 55-65 don't have anything invested in a personal retirement account. …

Jennifer Sor   


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BlackRock just reported a record $10.5 trillion in assets under management as client cash poured in and markets delivered

BlackRock saw its assets under management grow by $1.4 trillion in 12 months as client funds poured…

Theron Mohamed   


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BlackRock chief Larry Fink says US debt is 'out of control' - but an accelerating economy can solve that problem

It will cost the US $663 billion this year to pay interest on its $32 trillion mountain of debt, th…

Jennifer Sor   


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The Fed's 'mystical' 2% inflation target makes no sense and could drive millions of Americans out of jobs, BlackRock's CIO says

"This 2% is some magical, mystical perfection – it's illogical for me," BlackRock's chief investmen…

Zahra Tayeb   


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Bharti Hexacom makes a stellar debut, lists at 42.7% premium

Bharti Hexacom made its stock market debut, at a whopping 32% premium on Friday. The stock listed a…

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BlackRock's bitcoin ETF draws $520 million in a day as latest rally pumps up investor enthusiasm

BlackRock's bitcoin fund saw an influx of $520 million in a single day, the second-largest inflow f…

Yuheng Zhan   


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5 mins read

BlackRock is jumping into one of the hottest sectors on Wall Street

BlackRock is the latest firm to throw its hat in the private credit ring. But what do all these new…

Dan DeFrancesco