News

Trade processor DTCC is launching a trial run with Wall Street firms to convert assets into digital tokens.

The firm pulled in $192 billion in client cash during the quarter, led by inflows into its iShares ETF franchise

BlackRock’s private-debt funds business took in a net $6 billion of new client money in the second quarter. The unit managed $151 billion in assets as of June.  Like some of its private-markets peers, the asset manager had imposed limits on how much money individual investors could pull from its largest retail private-credit fund during the last two quarters.

BlackRock stock was gaining as it beat Wall Street expectations for earnings and assets under management.

BlackRock (NYSE:BLK) shares moved higher in premarket trading on Wednesday after the world’s largest asset manager reported stronger-than-expected second-quarter results, supported by record client inflows and continued growth across its investment platform. Earnings and revenue exceed expectationsBlackRock reported second-quarter earnings per share of 13.

Investing.com -- BlackRock shares rose about 3% in premarket trading Wednesday after the asset manager reported second-quarter earnings that comfortably beat expectations, driven by record inflows and strong organic growth across its platform.

July 15 (Reuters) - U.S. stock index futures edged higher as investors braced for a fresh wave of corporate earnings as well as producer inflation data due later Wednesday, while PayPal shares surged

Stocks looked set to rise again on Wednesday, building on gains from the previous session that were powered by a solid start to the second-quarter earnings season and cooler-than-expected inflation data. Nasdaq 100 futures added 0.4%. Dow Jones Industrial Average futures rose 81 points, or 0.2%.

BlackRock’s assets under management surged to a record $15.3 trillion in the second quarter, boosted by $192 billion in new money from clients and a roaring stock market.  The world’s largest asset manager reported $1.

U.S. stock futures were largely higher in early European trade, as positive market sentiment following lower-than-expected inflation data buoyed risk assets.

Today Earnings: Johnson & Johnson, Morgan Stanley, BlackRock, PNC Financial Services, Conagra, Cintas, United Airlines, Bank of New York Mellon, Elevance Health, J.B. Hunt, ASML Economic data: Producer-price index data for June, Empire State manufacturing survey, EIA weekly petroleum status report, Fed beige book.

Investing.com -- Mizuho Securities downgraded Circle Internet Group, the issuer of the USDC stablecoin, to Underperform from Neutral and trimmed its price target to $50 from $85, flagging competitive threats from a newly launched rival stablecoin that could undercut Circle’s core revenue model.

A series of big bank results kicked off the second quarter earnings season on Tuesday.

Investors are gearing up today for the start of a busy bank earnings season. They’ll also be closely watching the latest inflation data and appearances on Capitol Hill over two days by new Federal Reserve Chairman Kevin Warsh.

July 13 (Reuters) - India's largest asset manager, SBI Funds Management, sold shares worth 26.63 billion rupees ($278.50 million) to anchor investors including the sovereign wealth funds of Singapore

BENGALURU, July 13 (Reuters) - India's Grasim Industries said on Monday its unit will buy Sprng Energy from British oil major Shell in a deal worth $1.8 billion, including debt, making it one of the

📣 “Investors are thinking about rebalancing portfolios after a phenomenal run...You rebalance based on the stocks that are up by triple digits year-to-date.” —Helen Jewell, BlackRock CIO for fundamental equities, on today's selloff in memory-chip stocks.

> $50 billion How much Meta Platforms expects its massive data center in Northeast Louisiana to cost—nearly double the original $27 billion estimate—after supersizing the project to 5 gigawatts of compute capacity.

The company scaled up the size of its massive data-center project in Northeast Louisiana to 5 gigawatts of compute capacity and said it would now cost more than $50 billion.

Big banks kick off earnings season this week, which will also bring reports from GE Aerospace, Netflix, and Taiwan Semi. In economic news, we’ll get the consumer and producer price indexes, and retail sales data.

(Bloomberg) -- The world's most-envied retirement plan has another high-profile booster: President Donald Trump.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71OpenAI Engineer's 'LOL' Moment Set Stage for Legal Fight With AppleUS Launches Fresh Iran Strikes as Tehran Declares Hormuz ClosedGates Heir's Shopping App Claimed Sales It Didn't DriveCanada Gives Share of Bridge Profits to US to Get Trump Go-AheadRiding high off public enthusiasm for the Trump Accounts f

(Bloomberg) -- The world’s most-envied retirement plan has another high-profile booster: President Donald Trump.Most Read from BloombergLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71OpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleUS Launches Fresh Iran Strikes as Tehran Declares Hormuz ClosedGates Heir’s Shopping App Claimed Sales It Didn’t DriveCanada Gives Share of Bridge Profits to US to Get Trump Go-AheadRiding high off public enthusiasm for the Trump Accounts f

Rising inflation, Bitcoin’s four-year cycle, and excess leverage continue to draw the cryptocurrency’s price down.

It is estimated that the SpaceX IPO created more than 4,000 millionaires. SpaceX, which joined the Nasdaq-100 index on Tuesday, isn’t likely to be the only mega IPO this year. BlackRock joins the QQQ fray.

(Bloomberg) -- Commitments for AI spending should sustain the investment theme around the technology for two to three years, even as tech giants gradually turn cash-flow negative and start raising debt to fund their buildouts, according to BlackRock Inc.’s Helen Jewell. Most Read from BloombergMicrosoft’s Xbox to Shift Obsidian Studio to New ‘Fallout’ Video GameTrump Vents Anger With Iran and Warns Ceasefire May Be ‘Over’Nvidia’s $1 Trillion Slide Sends Valuation to Pre-AI Boom LevelsUS Military

It was only a matter of time. Eventually someone would want a piece of $488 billion-in-assets Invesco QQQ Trust ETF.

(Bloomberg) -- Argentina is set to make a major payment on its dollar bonds this week, pulling off a feat few investors thought possible while the country refuses to tap global debt markets. Most Read from BloombergTrump Says US Ceasefire With Iran Is ‘Over’ After StrikesGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaUS Strikes Iran and Blocks Oil Sales in New Test of TruceChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7

AI chip startup SambaNova said on Wednesday it has raised $1 billion in a late-stage funding round led ‌by General Atlantic at an $11 billion post-money valuation. The company makes custom ‌chips, hardware systems and cloud services tailored for inference - the process by which models respond ​to user queries. • The Series F round included significant investment from Seligman Ventures, T. Rowe Price Associates and Capital Group.

(Bloomberg) -- Chip startup SambaNova Systems Inc. has raised $1 billion at an $11 billion valuation, underscoring investors’ conviction in rising demand for infrastructure tied to artificial intelligence.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthUS Strikes Iran and Blocks Oil Sales, in New Test of TruceChina Sentences Officia

(Bloomberg) -- Momenta Global Ltd., a Chinese autonomous-driving firm, opened 1.8% higher in Hong Kong on Wednesday after raising HK$5.9 billion ($752 million) in an initial public offering, testing market appetite for loss-making firms that offer promising technologies.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaChip Stocks Sink After Blistering Run as Oil Jumps: Markets WrapTwo Millennium Trading Pods Made About $3.7 Billion Last MonthMicrosoft’s Xbo