BlackRock's Jay Jacobs expects infrastructure and cybersecurity plays to shine in 2025. He cites the artificial intelligence boom as a major catalyst.
Recent deals for private asset managers could replicate the playbook from the 2009 acquisition of iShares.
Despite the rise of geopolitical risks, Jay Jacobs of BlackRock says the markets will recognize that the AI impact will be larger than thought as it enters the third year of the "build phase." He joins Caroline Hyde to discuss on "Bloomberg Technology.
Financial stocks were big winners in the Trump rally. But the stock of the day has big drivers of its own.
BlackRock NYSE: BLK is the world's largest asset manager, and the company recently announced an intriguing and significant strategic shift. BlackRock has released that it will acquire HPS Investment Partners for approximately $12 billion, marking a bold expansion into the rapidly growing private credit market and presenting a compelling investment opportunity for investors willing to stomach the risks of investing in the rapidly expanding private credit sector.
‘Mega forces' including artificial intelligence technologies are reshaping the global economy in a way that has seen it leave behind traditional boom and bust cycles, BlackRock said
U.S. stocks could open on a weak note on Thursday after the averages closed at a record high on Wednesday. Futures of all three major indices were marginally down on Thursday, pointing to cautious sentiment on Wall Street.
BlackRock agrees to acquire HPS Investment for $12 billion in an all-equity deal, marking its deeper investment in the booming private credit market.
BlackRock Inc (NYSE:BLK) has agreed to acquire HPS Investment Partners in a $12 billion deal, marking a significant expansion into private credit markets. The acquisition includes $9.3 billion in BlackRock stock at closing and an additional $3 billion in shares contingent on HPS achieving future financial targets.
BlackRock expects the artificial intelligence boom to continue to boost U.S. stocks next year and support economic growth more broadly, although rising U.S. government debt levels could threaten its upbeat 2025 forecasts.
CNBC's Leslie Picker reports on the world of private credit.
BlackRock is acquiring HPS Investment Partners in an all-stock deal valued at roughly $12 billion. Sridhar Natarajan has more on "Bloomberg Open Interest.