Now that Bitcoin (BTC -4.14%) has crossed the $100,000 mark, it's only natural to ask: Just how much higher can it really go? After all, Bitcoin is up more than 30,000% over the past decade, and is now a $2 trillion asset.
BlackRock is making changes to some of its highest-yielding funds. Today we're going to zero in on a 13%-yielder that's at the center of the action: the tech-focused BlackRock Innovation and Growth Term Trust (BIGZ).
As the market weighs how to navigate uncertainty as the economic impacts of the Trump administration's tariff and immigration policies are unknown, BlackRock Americas chief investment and portfolio strategist Gargi Chaudhuri joins Morning Brief with Seana Smith and Brad Smith to discuss three things she's been telling clients. "Over the last three weeks or so, even before the sell-off on Monday, clients have been asking us around how they should be thinking about hedges, as well as diversifiers away from the large-cap tech names," Chaudhuri says.
TCPC's low dividend coverage, elevated non-accruals, and significant debt maturities pose risks, but its already discounted valuation limits downside risk. The company's first-lien debt orientation and floating rate structure make it sensitive to interest rate changes, impacting NII and DPS coverage. Despite potential DPS cuts, TCPC's yield may prove attractive for investors who secured reasonable yield-on-cost.
BlackRock CEO Larry Fink speaks on a panel at the World Economic Forum in Davos, Switzerland.
BlackRock CEO Larry Fink says the strength of the US economy may lead the Federal Reserve to hike interest rates later, after easing in the short term. “I see probabilities” of an increase at some point beyond the next 12 months or so, Fink explained during a panel discussion at the World Economic Forum's annual meeting in Davos, Switzerland, but he cautioned that such a scenario wasn't his “core prognostication.
BlackRock CEO Larry Fink said President Donald Trump's efforts to unleash capital in the private sector could have unintended consequences that would hurt the stock market.
Bitcoin remained under pressure on Thursday in the absence of any key crypto policy announcements from Donald Trump, despite a bullish forecast from Larry Fink. At US$102,188, the cryptocurrency dropped 1.4% for the day and reversed further from its record of over US$108,500, seen on Monday before Trump's inauguration.
BlackRock CEO Larry Fink said Trump's efforts to unleash capital in the private sector could re-accelerate inflation and hurt the stock market.
BlackRock chairman and CEO Larry Fink joins 'Squawk Box' to discuss the $500 billion Stargate AI project, state of the economy, the Fed's inflation fight, impact on the markets, future of DEI in corporate America, and more.
Fink was once skeptical of digital assets, but is now a “big believer” in bitcoin as an instrument.
Four out of BlackRock's nine UK investment trusts (Blackrock World Mining Trust (LSE:BRWM), BlackRock Smaller Companies Trust, BlackRock Energy and Resources Income Trust and BlackRock American Income Trust) put out announcements that their boards have entered into agreements with Saba Capital. In return, the US activist hedge fund has given a number of undertakings not to take any hostile action for the next two and a half years.