BlackRock has become the latest investment house to close a macro hedge fund after its $1bn vehicle suffered its worst-ever performance, the FT reports.» Read More
Some of the names on the move ahead of the open.
The New York-based company's net income fell to $843 million, or $5 per share, from $917 million, or $5.37 per share, a year earlier.
Oct 14- BlackRock Inc, the world's largest asset manager, said its third-quarter profit fell 8 percent even as the firm rebounded from its first outflow in nearly three years. BlackRock's long-term net inflows rose to $35 billion from $29 billion a year earlier. BlackRock ended the quarter with $4.51 trillion in assets under management, down from $4.52 trillion...
The New York- based company's net income fell to $843 million, or $5 per share, from $917 million, or $5.37 per share, a year earlier.
Big financials — Bank of America, Wells Fargo and BlackRock — report ahead of the opening bell Wednesday.
The "Fast Money" traders took their positions ahead of Wednesday's big earnings.
As third-quarter earnings season gets underway next week, traders are bracing for more volatility in a range-bound market.
After outpacing the market during both the 1990 s and early 2000 s bull runs, the stocks of standalone mutual fund companies such as T. Rowe Price Group Inc, Eaton Vance Corp and Franklin Resources Inc have fallen behind, gaining just half the amount of the broad S&P 500 over the last five years. Last year marked the first time that more money came out of 401 plans than...
An increasing number of analysts analysts are arguing that the central banks need to stop focusing on inflation as a reason to keep cutting rates.
The Federal Reserve is losing credibility as market expectations diverge from Fed statements, Peter Fisher said.
LONDON, Oct 7- Like bulls in a China shop, financial markets have gone on the rampage just as predictions of another global recession gain ground and talk swirls of a lost decade in Beijing. It seems particularly odd timing, coming as renowned Citi economist Willem Buiter warns China could drag the world back into a two- or even three-year recession and Societe...
NEW YORK, Oct 7- U.S. stock exchange rules designed to protect investors from market routs backfired on Aug. 24, exacerbating a selloff in exchange traded funds, BlackRock Inc said in a report published Wednesday. BlackRock blamed both automated selling by investors and exchange-required trading halts for a dislocation in ETF pricing that morning, when a broad...
Investors pulled some $3.2 billion from emerging market equity exchange-traded products in September, global data from asset manager BlackRock showed, and net outflows are at almost $30 billion for the year to date. But BlackRock said outflows seemed to be abating. "Q3 outflows for the category remain significant, and while it might be too early to call the...
Interest rates could stay low for a long time as stagnant middle-income wages stay the Fed's hand, BlackRock's Russ Koesterich said.
Assets under management in online investment services, known as robo-advisors, are expected to grow to $2.2 trillion by 2020.
Oct 1- Apple Inc said on Thursday it appointed James Bell, Boeing Co's former chief financial officer, to its board. Bell, who was Boeing's CFO from 2003 to 2012, is on the board of several other companies, including JPMorgan Chase& Co and Dow Chemical Co.. Apple's 8- member board includes Walt Disney Co CEO Robert Iger and former United States Vice President Albert...
Carl Icahn is concerned about BlackRock's high-yield ETFs. A large component of its biggest such product? Icahn Enterprises bonds.
Qatar Investment Authority is likely to be nursing losses on eight of its top 10 holdings including Glencore, the FT reports.
S&P 500 firms can produce 3 to 4 percent organic earnings growth in 2015, powered by consumer discretionary and financial sectors, Morgan Stanley says.
Fears about economic conditions have led to a massive retreat from emerging market exchange traded funds, the FT reports.