BlackRock Inc
Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power
Microsoft CEO Satya Nadella speaks during the company’s Build developer conference in Seattle on May 21, 2024. Jason Redmond | AFP | Getty Images Microsoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power […]
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Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
Lina Khan, chair of the U.S. Federal Trade Commission, and Jonathan Kanter, assistant attorney general for the Justice Department’s antitrust division, participate in a discussion on antitrust reforms at the Brookings Institution in Washington on Oct. 4, 2023. Khan assumed the role of FTC chair in June 2021 after being appointed by U.S. President Joe […]
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BlackRock’s Rick Rieder says a golden age for fixed income begins this week with the Fed rate cut
With the Federal Reserve expected to begin its rate-cutting cycle this week, investors should take advantage of this “golden age of fixed income” now, according to BlackRock’s Rick Rieder. He sees a shift coming in the market. “The world is changing,” said Rieder, the asset manager’s global chief investment officer of fixed income. “The equity […]
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Bitcoin rally helps create more than 84,000 new crypto billionaires in a year
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot | Getty Images News | Getty Images The population of crypto millionaires in the world soared 95% over the past year as bitcoin exchange-traded funds and other crypto assets climbed, according to […]
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Harris economic policy draws on Biden White House alums Brian Deese, Mike Pyle
US Vice President and Democratic presidential candidate Kamala Harris speaks during a campaign rally at the Thomas and Mack Center, University of Nevada in Las Vegas, Nevada, on August 10, 2024. Ronda Churchill | Afp | Getty Images Economist Brian Deese has begun advising Vice President Kamala Harris as she develops her economic policy plan, […]
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Bitcoin plunged 28%. Institutional investors bought the dip
The crypto markets appear calm heading into the weekend after a volatile week that tested how institutional investors new to the crypto trade would react to the mammoth swings that are old hat for more seasoned digital currency investors. The selloff in bitcoin and ether began earlier this week and wiped out $367 billion in […]
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Crypto ETFs get first major test after $370 billion market sell-off
Omar Marques | Lightrocket | Getty Images Bitcoin and ether are gaining back ground after falling to their lowest level in six months on Monday in the first major test of the recently launched crypto exchange-traded funds. As of early Monday, roughly $370 billion dollars had been wiped off the market cap of all digital […]
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Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for a big bank
Key Points Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned. The firm’s 15,000 or so financial advisors can solicit eligible clients to purchase shares of two exchange-traded bitcoin funds starting […]
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Grayscale’s $9 billion head start in ethereum is at risk as big investors launch ETFs
Representation of cryptocurrency and Gayscale logo displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images For crypto firm Grayscale, it’s deja vu in the ETF market. On Tuesday, the first spot ether exchange-traded funds hit the U.S. The ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network, allowing […]
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CNBC Daily Open: Nasdaq futures fall as Alphabet, Tesla earnings disappoint
Traders work on the floor of the New York Stock Exchange (NYSE) on July 22, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
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