Interest rates could stay low for a long time as stagnant middle-income wages stay the Fed's hand, BlackRock's Russ Koesterich said.» Read More
Market volatility doesn't concern stockpicker Laszlo Birinyi but it does change his strategy, he told CNBC Tuesday.
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Europe is "facing a meltdown in liquidity" affecting every member of the European Union except Germany, BlackRock CEO Lawrence Fink warned CNBC Tuesday.
Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the brokerage firm, which is run by Jon S. Corzine, the former New Jersey governor, several people briefed on the matter said on Monday.
SEC Chairman Mary Schapiro, dogged by agency miscues, isn't about to take chances in letting the $1 trillion exchange traded fund industry expand into derivatives — no matter what Nasdaq and other ETF providers request.
Cramer makes the call on viewers' favorite stocks.
BlackRock isn't looking to buy other asset managers and may use its cash instead to raise its dividend, reinvest in its business and buy back more shares, CEO Laurence Fink told CNBC Wednesday.
The markets are likely to lean whichever way the European winds blow Wednesday.
As investors flee Latin American markets on fears that commodity-hungry China will slow down, now could be the time to pick up bargains, Will Landers, who manages BlackRock’s Latin American portfolio, told CNBC.com.
Companies in the S&P 500 paid an average effective tax rate of 28.5 percent in 2010, compared to 15 percent in federal income tax for the median U.S. household with an income of $49,445.
Shaky market action weighed on the exchange-traded product industry over the past month, bringing assets below $1 trillion for the first time since January.
If I didn’t know better, I’d think Blackrock CEO Laurence Fink is doing his best to make sure his firm isn’t tarred and feathered by an ETF debacle, if one ever occurs.
People will “continue to smoke, eat, and need healthcare,” so stocks in these areas will feel less economic pressures on their sales and profits,” Stuart Reeve, director and portfolio manager at BlackRock spacer, told CNBC Friday.
In less than two years, Bank of America has sold 20 assets worth the market capitalization of Goldman Sachs. This comes as CEO Brian Moynihan has said that the company does not need to raise capital—likely meaning issue more common shares, since the spigot of asset sales is still flowing
Just about a year ago this week, rumors started to circulate in the sometimes sleepy and boring world of municipal finance. The crisis talk went into overdrive, of course, when Ms. Whitney appeared on 60 Minutes andwarned that the $3 trillion municipal bond market faced the immediate threat of hundreds of billions of dollars in defaults.
With uncertainty shaking European and U.S. stock markets, investors must take the "leap of faith" that "we’re going to muddle our way through this and find the companies that are hitting new highs," Robert Doll, BlackRock chief equity strategist, told CNBC Tuesday.
The private sector has walked away from Europe as sovereign credit erodes in the euro zone and piled into cash. Fixing the European crisis will take at least five to 10 years, said Larry Fink, Chairman and CEO of BlackRock.
Many of the conference attendees are considered industry icons for outperforming their peers. Click to see the Hedge Fund elite, and how much money they’re managing.
The "seeds of stability" in the U.S. are there, with "some of the data turning against expectations, which are horrible," Eric Pellicciaro, managing director and head of Global Rates Investments at BlackRock spacer Fundamentals Fixed Income Group, told CNBC Monday.
Mining stocks will continue this summer's volatility, Evy Hambro, CIO of the natural resources team at BlackRock, told CNBC Friday. But strong fundamentals and expected commodities growth are not reflected in the share prices.