Gold prices hit $3,200 for the first time on Friday. Trump's tariffs and China's retaliatory action have roiled global markets.
BlackRock (BLK) reported better-than-expected first-quarter adjusted profit as the investment giant reported another assets under management (AUM) record.
BlackRock (BLK) came out with quarterly earnings of $11.30 per share, beating the Zacks Consensus Estimate of $10.25 per share. This compares to earnings of $9.81 per share a year ago.
BlackRock's quarterly net income fell slightly from a year earlier, while the investment firm's assets under management edged higher to a record $11.6 trillion.
BLK's first-quarter 2025 results are likely to be aided by higher inflows, partially offset by market decline and higher costs.
BlackRock (NYSE: BLK), the world's largest asset manager, has expressed a cautious outlook on the United States stock market.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for BlackRock (BLK), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.
The country's top auditor said CK Hutchison owes the government $300 million, posing a hurdle to a plan touted by Trump to bring the ports under U.S. control.
BlackRock Inc (NYSE:BLK) CEO Larry Fink said the US is "probably" already in a recession and warned that stock markets could fall another 20% as the full effects of US tariffs and retaliations become clear. "Most CEOs I talk to would say we are probably in a recession right now," Fink said in a talk at the Economic Club of New York on Monday.
Market participants began to see some dialogue on the tariff beat, with certain countries willing to state publicly they are ready to negotiate trade levels with the U.S.
BlackRock CEO Larry Fink said the stock market drop could continue amid trade war and recession concerns, but that it would still represent a buying opportunity for investors.
Larry Fink said that most of the CEOs he talks to think that the US is in a recession. He said the market could continue to decline another 20%.