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BlackRock (BLK) and State Street Investment Management (STT) are facing fresh competition as New Yor

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 1.

Shares of Space Exploration Technologies (SPCX) were rallying 21% on Friday as Elon Musk's rocket an

Shares of Elon Musk's SpaceX (SPCX) rallied 19% on Friday as the rocket and satellite company debute

SpaceX starts trading today, and demand for the stock has eclipsed the shares available. Meanwhile, BlackRock’s reported $5 billion order underscores investor excitement.

All three major US stock indexes were up in late-morning trading Friday, as investors prepare for Sp

Investors in BlackRock’s flagship private-credit fund asked to redeem a collective 13.3% of the fund’s shares in the second quarter, an increase from 9.3% in the previous period. BlackRock will repurchase 5% of the shares, it said in a letter Friday, sticking with the previously stated threshold and cashing out shareholders on a prorated basis. The higher requests are the latest evidence that the once-booming private-credit industry is still under investor pressure, following concerns about loan-losses, fraud and exposure to software companies that are looking vulnerable to artificial intelligence.

(Bloomberg) -- SpaceX’s historic $75 billion IPO drew more than $350 billion in demand from institutions and retail investors, according to people familiar with the matter.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekTrump Insists Iran Deal Is Close After Scrapping New StrikesUAE and Iran Meet Face-to-Face to Try to Deescalate TensionsThe lar

(Bloomberg) -- Vanguard Group has overtaken BlackRock Inc. as the largest exchange-traded fund issuer, a seismic shift at the top of the $15.2 trillion US industry.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekTrump Insists Iran Deal Is Close After Scrapping New StrikesUAE and Iran Meet Face-to-Face to Try to Deescalate TensionsThe Valley Forg

T. Rowe Price Group has outperformed its sector peers recently, yet analysts remain moderately bearish about the stock’s prospects.

Yields are stable, Fed interest-rate cuts are off the table, and increasing market volatility is adding to the allure of cash-like investments.

Other large asset managers have made similar requests, along with fervent interest from individual investors.

Financial stocks advanced in late Thursday afternoon trading, with the NYSE Financial Index rising 1

Financial stocks were mixed in Thursday afternoon trading, with the NYSE Financial Index decreasing

Indications are that demand is heavy, with institutions reportedly seeking billions worth of the stock.

(Bloomberg) -- Prometheus, an artificial intelligence startup led by Jeff Bezos, has raised a round of funding that values it at $41 billion, bolstering the Amazon.com Inc. founder’s status as a significant player in the AI boom.Most Read from BloombergXbox Plans Significant Layoffs as New CEO Plans OverhaulTrump Vows New Attacks on Iran, Threatens Key Energy TargetsHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran in Trump Escalation Over Stalled Peace TalksSpaceX IPO

Other large asset managers have made similarly eye-popping requests, along with fervent interest from individual investors.

In recent days, BlackRock has expanded its thematic and digital footprint by launching the iShares Space Technologies UCITS ETF for European and UK investors, while also highlighting strong inflows into its iShares Bitcoin Trust ETF and rising interest in tokenized versions of its stock. This combination of new space-focused products and growing engagement with digital and tokenized assets underscores how BlackRock is aligning its offering with evolving investor themes across both public...

(Bloomberg) -- The US Supreme Court shielded funds from some investor lawsuits, ruling that an 86-year-old federal statute doesn’t authorize shareholders to sue over bylaws and management decisions.Most Read from BloombergXbox Plans Significant Layoffs as New CEO Plans OverhaulHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’US Strikes Iran in Trump Escalation Over Stalled Peace TalksOracle Falls Most in Six Months on Mounting Data Center CostsTech Stocks Sink as Oil Jumps on US-Iran

Asset manager BlackRock (NYSE: $BLK) is planning to launch a new Bitcoin (CRYPTO: $BTC) exchange-traded fund (ETF) ...

BlackRock Inc (NYSE:BLK) is one of the most profitable crypto-exposed stocks to buy now. On May 20, BlackRock Inc (NYSE:BLK) said that it plans to pay a quarterly cash dividend of $5.73 per share. It stated that the dividend would be distributed on June 23, with the payment covering shareholders of record as of June […]

The latest trading day saw BlackRock (BLK) settling at $1, representing a +1.73% change from its previous close.

New ETF adds IPOs within 10 to 30 days as investor interest in space funds accelerates.

(Bloomberg) -- Private market dealmakers attending SuperReturn in Berlin this week are likely to be handed a short but sharp to-do list by their investors: give us our money back.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Iran After Missile Attack, Imperiling Trump TalksAI Trade Unwind Rocks Korean Traders L

On Bloomberg Tech, live from San Francisco today, a venture capital investor laid out a striking thesis about what’s actually happening inside the cryptocurrency markets. Retail investors now make up 70% of crypto markets, down from 90%, while institutional participation has climbed from 10% of the digital asset economy to between 20-30%. The shift is ... Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.

(Bloomberg) -- Traders in the $31 trillion Treasuries market fully priced in a Federal Reserve interest-rate hike by the end of this year after US job growth topped all forecasts in May, spurring yields higher.Most Read from BloombergSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSaylor’s Bitcoin Machine Is Misfiring on Every Cylinder‘Sell Indonesia’ Sweeps Trading Desks as Prabowo Tightens GripGlazer Family Members Study Manchester United Stake SaleBloomberg Retracts Incorrect Story on R

BlackRock’s workforce push and why it matters for shareholders BlackRock (BLK) has launched a $25 million Request for Proposals under its $100 million Future Builders initiative, targeting nonprofits that connect Americans with skilled trades roles across critical infrastructure sectors. This move puts workforce development and economic opportunity at the center of BlackRock’s current story. It raises questions about how a large philanthropic effort might sit alongside the company’s asset...

BlackRock’s latest fair value estimate has been nudged down slightly, with the central price target moving from US$1,255.00 to US$1,251.25. That kind of fine tuning mirrors what you are seeing across recent Street research, where some firms are lifting targets and others are cutting them as they rethink assumptions on flows, earnings power, and how asset managers should be valued. Read on to see what is driving these adjustments and how you can keep track of the evolving narrative around...

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.73%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.53%. June E-mini S&P futures (ESM26 ) rose +0.36%, and June E-mini Nasdaq futures...

KKR, APO, BX, OWL and BLK slide after Cliffwater's Corporate Lending Fund faces Q2 redemption requests equal to 17% of shares, exposing liquidity strains.