Abbott, BlackRock, ConocoPhillips, NetSol and Optex Systems are included in this Analyst Blog.
Texas and 10 other states accuse BLK, STT and Vanguard of committing antitrust violations and boosting energy prices by using their investment influence.
BlackRock nears a deal to buy HPS Investment, a leading private credit firm. This will strengthen the company's presence in the lucrative alternatives market.
BlackRock, State Street, and Vanguard are facing a federal antitrust lawsuit accusing them of reducing coal supplies to advance environmental goals, according to reports from the US. Filed by 11 Republican-led states, including oil-producing Texas, the lawsuit alleges the firms used their influence as major shareholders in coal producers to restrict output, inflate prices, and promote their climate-focused agenda.
BlackRock has a handshake deal to buy private credit group HPS Investment Partners, the Financial Times reported on Wednesday.
Texas and several other US states have sued investment titans BlackRock Inc (NYSE:BLK), State Street Corp (NYSE:STT) and Vanguard Group for conspiring to artificially constrict the coal market. Ken Paxton, the Texas attorney general said the state "will not tolerate the illegal weaponization of the financial industry in service of a destructive, politicized ‘environmental' agenda".
The former head of thematic strategy for BlackRock's global allocation team will join Citi's wealth business as chief investment officer.
In the latest trading session, BlackRock Finance (BLK) closed at $1,031.49, marking a -0.48% move from the previous day.
Pyramid Analytics, an AI business analytics company, said on Monday it has raised $50 million in new financing from BlackRock, the world's biggest asset manager.
Alex Brazier, global head of investment and portfolio solutions at BlackRock, weighs in on the outlook for U.S. and European equities.
TCPC and OCSL provide massive dividends and trade below NAV. I agree with the market that they have to be discounted below NAV. In my view, this is not the case, where investors could count on high dividends remaining unchanged.
Michael Saylor has had quite the year. MicroStrategy (MSTR 6.19%), the company he co-founded roughly 35 years ago, is up more than 500% in 2024.