BlackRock slashing 600 jobs as Larry Fink's firm latest Wall Street firm to cut costs
Shares of the asset manager are up about 5% over the last 12 months, well behind the roughly 22% gain in the benchmark S&P 500.
BlackRock announces cuts of roughly 600 jobs
BlackRock , the world's largest asset manager, on Tuesday said it will cut about 3% of its current workforce, though it expects to have a larger headcount by the end of 2024.
2024's Investment Darlings: 3 Stocks Analysts Can't Stop Talking About
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.
4 Stocks in Focus as Bitcoin Rallies Past $47,000
BlackRock, Inc. (BLK), NVIDIA Corporation (NVDA), Coinbase Global, Inc. (COIN) and Visa Inc. (V) are expected to benefit from the ongoing Bitcoin rally.
Don't count on the Fed slashing rates given the inflation 'rollercoaster' risk, warns BlackRock
Investors betting on sharp interest-rate cuts this year may be disappointed, according to BlackRock. The Fed's ability to cut may be curtailed by a resurgence in inflation, says the world's biggest...
Final Trades: Goldman Sachs, BlackRock, Microsoft and HACK
The 'Halftime Report' Investment Committee gives their top picks to watch for the second half.
Inflation could see a resurgence, and investors expecting a 'perfect outcome' for the economy this year may be disappointed, BlackRock says
Inflation could see a resurgence and spoil a perfect scenario for the economy, BlackRock warned. Investors are expecting a soft-landing as inflation cools and the Fed slashes interest rates.
BlackRock's Watson Expects Elevated Volatility in Bonds
Marilyn Watson, BlackRock's head of global fundamental fixed income strategy, explains why she expects continued volatility in the bond market in 2024.
Bitcoin 2024 Outlook: 3 Shocking Stats
Investors should strive to interpret rather than predict. With that in mind, investors who soberly look at the data should conclude that Bitcoin is likely to be much higher in 2024.
BlackRock Layoffs 2024: What to Know About the Latest BLK Job Cuts
BlackRock (NYSE: BLK ) layoffs are a hot topic on Monday as the company reportedly plans to cut roughly 3% of its global workforce. That means nearly 600 people working for the investment manager c...
BlackRock TCP Capital: Potential To Be A Major Player In The BDC Space Post-Merger?
BlackRock TCP Capital announced a merger with BlackRock Capital Investment that is expected to create long-term value for shareholders. The merger could lead to cost synergies and enhanced scale, g...
BlackRock plans to lay off 600 employees – about 3 percent of global workforce
Shares of BlackRock rebounded in 2023, up 6 percent after falling 21 percent in 2022.
BlackRock layoffs coming as firm matures, ESG pullback and Bitcoin ETF approval
Money management firm BlackRock plans to announce layoffs of about 3 percent of its global workforce in the coming days, totaling about 600 employees.
BlackRock (BLK) Stock Falls Amid Market Uptick: What Investors Need to Know
BlackRock (BLK) concluded the recent trading session at $782.83, signifying a -0.4% move from its prior day's close.
Growth in AUM Likely to Support BlackRock's (BLK) Q4 Earnings
BlackRock (BLK) is expected to have witnessed AUM growth in the fourth quarter of 2023, supported by inflows.
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