The COVID-19 pandemic has caused us to think about many parts of our daily existence, such as our health, jobs, where we live, our financial future, education, travel and the simple handshake. But according to data released Tuesday, many savers are still financially on the path to retirement. The combination …
Read More »Buy American says Europe’s largest asset manager
Sometimes it takes a stranger to fully appreciate something. Europe’s largest asset manager Amundi Asset Management has produced research showing why US stocks have outperformed the world and why that superior performance can continue. Admitted by two from his Boston office, Craig Sterling, his head of US equities research, and …
Read More »Can the Fed tame an avalanche of corporate distress? Bond investors are betting on it
The Federal Reserve has shown that it knows how to maintain the flow of credit during a crisis. But bond investors now also expect the Fed’s unprecedented stimulus in financial markets to change the course of the credit cycle – that is, preventing more companies from falling than expected just …
Read More »‘This is so much more psychological’: why the CEO of the world’s largest asset manager says the COVID-19 crisis looks nothing like 2008
The 2008 financial crisis and the economic damage caused by the COVID-19 pandemic are very different, according to BlackRock CEO Larry Fink. “This is an existential problem, so it is beyond a financial crisis that we saw in 2008,” Fink said in an interview with CNBC on Friday. Fink said …
Read More »BlackRock easily exceeds profit expectations. This is how he did it.
Text size Photograph by Andrew Burton / Getty Images BlackRock’s second-quarter earnings increased 22% to $ 7.85 per share higher than expected, while net flows plummeted during the period of market uncertainty. The increase in earnings partly reflected a lower share count after BlackRock (BLK) repurchased part of PNC Financial …
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