The Federal Reserve’s rate hikes in 2022 to fight inflation are likely enough to put its officials on hold, limiting the risk of too much tightening damaging the U.S. economy, BlackRock said. This position was expressed in a note by Rick Reeder, head of fixed income investments at the world’s largest asset manager. The Fed […]
Tag: BlackRock
BlackRock: The largest asset manager enters the cryptocurrency market through Coinbase
The world’s largest fund manager, BlackRock, has announced its entry into the cryptocurrency market, which will partner with the Coinbase exchange to offer access to Bitcoin to institutional investors. In particular, BlackRock’s top clients will be able to use its investment management system, Aladdin, to track their exposure to Bitcoin alongside other assets in their […]
Fed Will ‘Crush Growth’ Before Changing Policy, BlackRock Warns
Volatility in markets will intensify as central banks believe they can tame high inflation without “crushing growth,” the world’s biggest asset manager, BlackRock, said. “We expect more volatility ahead as central banks choose sides in the difficult trade-off between growth and inflation,” strategists at BlackRock Investment Institute said in a note today. “We believe the […]
Fund managers up against the clock – How realistic are ‘green’ commitments?
As global warming leaves behind fires, droughts and human casualties across much of the northern hemisphere, there are new signs that the financial commitments needed to protect the environment may not be enough to meet that goal, Bloomberg reports. “I hope what we’re seeing will bring an acceleration of actions, but it won’t necessarily go […]
How Blackrock Lost $1.7 Trillion in one semester
By Marc Rubinstein BlackRock Inc is used to breaking records. The world’s largest asset management company was the first company to break the $10 trillion mark in assets under management. But the bigger they are, the harder they fall. And this year BlackRock set another record: the largest amount of money lost by a company […]
BlackRock: 30% reduction in Q2 profits
BlackRock’s second-quarter profit fell 30% as jitters in global markets discouraged investors, shrinking fee income at the world’s biggest asset manager. Specifically, BlackRock reported adjusted earnings of $1.12 billion, or $7.36 per share, for the quarter ended June 30, from $1.61 billion, or $10.45 per share, a year earlier, down by 30%. BlackRock’s second-quarter revenue […]
BlackRock: Short-Term Market Risks – The Catalyst for an Overweight Return
Of Eleftheria Kourtali Markets are exaggerating in terms of central bank movements and are already preparing for very aggressive interest rate hikes, as BlackRock notes in the new strategy report. She estimates that the tightening will be much milder than currently priced – something that will relieve the markets in the long run, however, this […]
Larry Fink: The Fed has no tools to curb inflation
The ominous estimate that inflation will continue to run at a high rate for several more years was expressed by the head of the largest fund manager in the world, Larry Fink, arguing that the problem is mainly due to supply chain bottlenecks. “Inflation has been exacerbated by pandemics and lockdowns around the world. It […]
BlackRock: Why it still prefers stocks over bonds
Of Eleftheria Kourtali BlackRock recently reduced its risk in its portfolio, but currently maintains its preference for equities over bonds. And the main reason is that stock prices now reflect much of the deteriorating macroeconomic outlook and the aggressive Fed, in its view. As BlackRock points out, stocks fell sharply this year amid the prospect […]
BlackRock: Traders’ miscalculations about Fed interest rates are wrong
Strategic analysts at Blackrock, the world’s largest asset manager, have challenged traders who are betting that the Federal Reserve will raise interest rates to around 3% next year, saying the increase will reach 2% but the bank will not go far. above. In particular, according to Bloomberg, the BlackRock Investment Institute believes that an overly […]