Company
BlackRock Inc
NYSE:BLK
BlackRock Inc is an investment management company. The company provides a range of investment management and technology services to institutional and retail clients.
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Nasdaq, Dow slump as Trump slaps 104% tariffs on China
US investors are facing an escalating tariff war between Washington and Beijing
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Dow, S&P 500 close at new highs as earnings season gets underway
The Dow and S&P 500 hit new highs on Friday
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Nasdaq, Dow Jones weighed down by shifting rate cut expectations
Better-than-expected non-farm payroll data prompted bets that rate cuts would be scaled back
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S&P 500, Dow, Nasdaq slide amid concerns over interest rates, inflation
Disappointing earnings reports from big banks drove stocks into the red
US proposes new net-zero rules for finance firms
The principles provide 'shared expectations,' the US Treasury said
Crypto Daily: Bitcoin holds strong despite BlackRock setback
World's largest cryptocurrency trading above US$30,000
BlackRock pitches for bitcoin ETF, but history not on its side
SEC approval would be first for US market
ETFs to face ESG-ratings purge as MCSI gets tough on greenwashing
Rating firm MSCI is poised to downgrade ETF's ESG ratings en masse, according to BlackRock, as regulatory pressure builds
BlackRock boss points to ‘structural problems’ in ESG reporting amid rise in attention
ESG reporting faces a "structural problem," suggested Larry Fink, amid a growing movement by companies to highlight their ethical policies
ESG funds to face heightened scrutiny in 2023
The SEC will keep a closer eye on ESG funds this year, ensuring they are correctly labelled and are advertised in investors 'best interests'
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Dow Jones, S&P 500, Nasdaq rebound at the close ahead of another week of big earnings
At 4pm, the S&P 500 nearly broke the 4,000 mark, up 0.4% to hit 3,999 points, while the Dow gained 0.3% at 34,303 and the Nasdaq was up 0.7% at 11,079
BlackRock says it favors financials and energy stocks for 2023, heavyweights on the Canadian market
While BlackRock is staying underweight developed market stocks over a tactical horizon given the downside risk to corporate earnings heading into recession, it said it enters 2023 with a positive view on financials and energy – two heavywei
BlackRock boss faces call to step down over ESG issues
BlackRock’s boss faces renewed criticism for for the firms ESG stance, being accused of potential greenwashing and not ‘walking the walk’.
BlackRock caught in crossfire of ‘woke’ ideology battle, as Florida pulls US$2bn in investments
BlackRock Inc’s focus on ESG investments risks the loss of further US$2bn of US public funding
Former BlackRock executive warns of 'broken ESG investment model'
Terrance Keeley's book accuses the ESG system of being flawed, despite his former company championing it
BlackRock raises US$4.5bn for new climate-focussed infrastructure fund
The world’s largest asset manager has faced much scrutiny surrounding the way it deals with carbon fuels, with environmentalists claiming it does not do enough to push for change in fossil fuel portfolio businesses
Blackrock tells UK it won’t stop fossil fuel investment
Blackrock has said it won’t stop investing in coal, oil and gas, despite strong outward backing of higher environmental standards
BlackRock, Charles Schwab and abrdn make a move as digital asset fund keep positive
Global money managers are pouring into crypto despite the recent downturn
BlackRock says it will not support “prescriptive” climate proposals for companies
Boss Larry Fink warned company bosses in 2020 that “climate risk is investment risk”
BlackRock chairman sees growing acceptance of digital currencies due to Ukraine war
“The Russian invasion of Ukraine has put an end to the globalisation we have experienced over the last three decades.”
BlackRock blows an estimated US$17bn on ill-time punt on Russian stocks
Hedge funds like to take punts in volatile markets and sometimes they don't come off. There's nothing volatile about the Russian stock market at the moment because it is shut.
BlackRock intends to offer Bitcoin trading – reports
Blackrock, which handles over US$10 trillion of assets for large institutions, has publicly acknowledged its involvement in crypto involvements in the past – most notably trading Bitcoin futures on the CME since January 2021
US stocks close mixed on struggling bank stocks and lower retail sales
In other data news, business inventories for November came in higher than expected, but industrial production disappointed, declining 0.1% compared to a projected 0.2% gain
ESG drives a key change in attitude toward investments
The climate crisis has led investors to focus on ESG (Environmental, Social and Corporate Governance) approaches to investing, including the incorporation of climate transition factors into investment decisions.
BMW is targeting another electric vehicle milestone by 2025
The car manufacturer is also looking to expand the number of EV charging points across Europe
BlackRock beats US$500mln target for climate-focused infrastructure fund
The US asset manager received backing from the French, German and Japanese governments, as well as philantropic institutions
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Oil price, Union Jack Oil. And finally…
Last night in the Haribo Cup the Gooners beat Leeds, Chelski got through on pens v Saint and Sunderland beat QPR. Tonight Preston host Liverpool, the Noisy Neighbours are at the London Stadium to face the Hammers, the Foxes host the Seagull
Blackrock’s Fink says oil price highly likely to reach US$100
Brent crude was down 14 cents at US$85.85 a barrel at midday
Investments and investor services
Venture capital firm Forward Partners Group to list on AIM, following £36.5mln fundraise
Based on the placing price the market capitalisation of the company on admission will be approximately £134.6mln
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VSA Capital Market Movers - Frontier IP Group
Frontier IP Group has today announced that portfolio company, CamGraPhIC Limited ("CamGraphIC" or the "Company") has put in place a loan facility which will provide funding of up to £1.5m to enable CamGraphIC to accelerate the development o
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VSA Capital Market Movers - Frontier IP Group
Frontier IP Group has today announced that portfolio company Nandi Proteins ("Nandi" or the "Company") has appointed David Flower as Chief Executive Officer. David is the former Managing Director, Europe, for Singha beer maker the Boon Rawd
Fund managers up ante on climate change after oil companies humbling
The letter comes after a string of successes for environmental groups against big oil companies in particular.
Bitcoin’s price crash caused by ESG movement, says Ark’s Cathie Wood
Speaking to Coindesk’s Consensus 2021 conference, the influential fund manager said ESG concerns over Bitcoin's energy use, exacerbated by the antics of Elon Musk, had put a lot of institutional buying "on pause"
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VSA Capital Market Movers - Frontier IP Group
Frontier IP Group yesterday announced that UK based portfolio company Exscientia Limited ("Exscientia"), had entered into a collaboration agreement with Bristol-Myers Squibb Company (NYSE: BMY). Exscientia uses AI across its platform from t
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VSA Capital Market Movers - Frontier IP Group
Portfolio Company Investment Announced – led by SoftBank Vision Fund 2 Frontier IP Group today announced that portfolio company Exscientia Limited ("Exscientia") has successfully completed a US$225 million Series D funding round. Exscientia
Cazoo to list in New York with US$7bn price tag
The used car platform will list through a merger with a SPAC called AJAX I.
Fix Price makes 'landmark' debut for Russian retailer in London
Investors included the Qatar Investment Authority, BlackRock, GIC and APG
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Wall Street takes a dive just before the close; traders turn eyes to Biden stimulus announcement tonight
President-elect Joe Biden is expected to unveil a stimulus package near but below $2 trillion that includes $1,400 checks
Pfizer Soars After Vaccine Prevents 90% of Covid Cases in Study
Pfizer Soars After Vaccine Prevents 90% of Covid Cases in Study This article by Robert Langreth, Naomi Kresge and Riley Griffin for Bloomberg may be of interest to subscribers. Here is a section: However, the strong reading from the first l
The Hut Group: Online retailer to issue £4.5bn IPO prospectus this week
Stories about the Manchester-based e-tailer’s potential IPO have been doing the rounds for the past decade
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Johnson Says Time for Less Covid Fear as U.K. Lowers Alert Level
Prime Minister Boris Johnson called for people to be “less apprehensive” about Covid-19 as the U.K. lowered the pandemic alert level and he promised to get all students back to school by September. The new Level 3 alert indicates the virus
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Enevate's silicon-anode batteries promise ultra-fast EV charging
With some US$111 million in investment from major companies, including LG, Samsung, Mitsubishi, Renault and Nissan, Enevate now says its cells are ready for the big time. In an interview with Charged EVs, Park said Enevate is designing pack
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Market Makers "Didn't Show Up for Work," Macro Risk CEO Says
“It’s literally as if the market makers didn’t show up for work,” Curnutt said in a Bloomberg Television interview, referring to options and junk-bond exchange-traded funds such as the iShares iBoxx High-Yield Corporate Bond ETF, known by i
Woodford fund's £550mln biotech rescue stalls
The fund was given a period of exclusivity to find investors willing to purchase illiquid holdings but it missed the deadline
As Brunel Pension Partnership's managers are pushed to be eco-friendly, greenwashing risk remains
Brunel Pension Partnership will sack investment managers not acting against climate change as companies are required to increase their transparency
BlackRock announces full ESG compliance, FTSE 100 constituents still have work to do
This year, London-listed firm will be forced to comply with tightened regulations on ESG, but a report found some of the FTSE 100 constituents are far from sustainable or transparent
Malcy's Blog - Longboat, Jadestone, BPC – And finally…
Oil price A very happy Thanksgiving to our American readers, I hope that you enjoy the holiday weekend but wish you hadn’t sent us Black Friday!
Late Movers: Macy's weakness in December casts pall on retail
Sears rallies after Chairman Eddie Lampert confirmed that he has made a new takeover bid of more than $5 billion for the company
Shares of BlackRock fall despite 3Q earnings beat due to $3.11 billion in net outflows
BlackRock CEO Laurence Fink said the assset manager was hit by 'de-risking' associated with ongoing divergent monetary policy and geopolitical uncertainty
Investments and investor services
Wall Street stocks rally to strong close as corporate earnings shine
Shares of Morgan Stanley and Goldman Sachs led the charge after posting strong 3Q results