Despite the Dow, the Nasdaq, and S&P 500 hitting record highs this month, the co-founder of the world’s biggest money manager says the party is not over yet for the U.S. stock market. Speaking on CNBC, the chairman and CEO of BlackRock, Larry Fink, stated that the stock market has plenty more headroom. Fink pointed to some of the recent better-than-expected earnings from leading U.S...
By CCN: Amongst the litany of bearish naysayers, one bullish voice still screams louder. Larry Fink, the CEO of the world’s largest asset manager - BlackRock - is sticking firmly to his forecast that there is no bogeyman waiting to slaughter the US stock market. BlackRock Not Worried About Recession Battering Stock Market The billionaire investor made his comments to Handelsblatt. Mr. Fink, it...
By CCN: Throughout the past month, the Dow Jones Industrial Average has overcome significant adversity to recover by nearly 1,000 points. However, despite surging nearly 4 percent to Tuesday's close at 26,452.66, strategists have struggled to identify strong catalysts that could propel the DJIA further toward its all-time high. Now, Larry Fink says he has the answer. Larry Fink: Stock Market Has...
By CCN: The Dow Jones rally looked like it planned to kick back into gear on Tuesday, as the stock market bellwether and its peers all assembled strong opens. However, the DJIA gave up nearly 100 points after the world's largest asset manager warned that the markets could enter a worrisome trend - one that could potentially hamstring President Trump's reelection campaign. Dow Struggles After...
BlackRock, the world’s largest asset manager, reported quarterly earnings today that fell short of the expectations of analysts. Earnings over this past year plummeted by almost 60% to $927 million, with earnings per share sitting at $6.08 on an adjusted basis. Analysts had predicted a price of $6.27 per share. Assets under management of BlackRock at the conclusion of the quarter totalled $5.98...
Larry Fink, the anti-bitcoin CEO of BlackRock (world's largest asset manager controlling $6.29 trillion), promoted senior managing director Mark Wiedman to oversee all of the firm's international operations. Like his boss, Wiedman is a vocal crypto critic. The new role makes Wiedman an heir apparent to the top job at BlackRock, the world’s largest asset manager and ETF provider. In his new...
ShapeShift CEO Erik Voorhees has said that the growing debt of the US, which hovers at around $21.7 trillion as of November, will inevitably cause a big spike in crypto. “When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can't possibly ever pay it back and thus must print it instead, and thus fiat is doomed. Watch what happens to crypto.”...
BlackRock — the world’s largest asset manager and ETF provider — has slowly been warming to crypto, but will not launch a bitcoin exchange-traded fund (ETF) until the industry becomes "legitimate," said CEO Larry Fink. "I wouldn't say never — when it's legitimate, yes," Fink said at the New York Times Dealbook conference, as reported by CNBC. "It will ultimately have to be backed by a government...