BlackRock has bought a "robo-adviser" that crafts automated portfolios in the hope of winning Millennial clients, the FT reports.» Read More
The Federal Reserve said it auctioned off 42 mortgage-backed bonds it acquired as part of the rescue of American International Group Inc. The bonds had a face value of $1.326 billion.
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The Federal Reserve announced Wednesday that it was declining an offer from American International Group to buy the mortgage-related assets it holds in its Maiden Lane II portfolio.
Stocks got closer to their highs of the year as the broad market turned positive for the month and was on track to post the best quarter of the year, although volumes remained thin amid geopolitical uncertainty. AT&T and Merck led Dow components higher, while Cisco slipped.
Stocks put in another strong showing on Wednesday as investors seemed to put aside concerns over geopolitical fears to send stocks higher, although volumes remain thin. AT&T and Exxon led the Dow higher.
BlackRock and Fidelity are both looking into investing in one of the new Spanish savings banks carved out of the country's troubled banking sector, according to Expansion.
Could there possibly be a bigger wall of worry than what we have now? If you would have said we would be dealing with a Japanese earthquake that has created a nuclear crisis, many Middle Eastern countries on the brink of radical political change, and continuing uncertainty about Europe's debt crisis, most traders would not have bet the S&P would be up 4.9 percent.
Again, investors were not willing to put money to work in the financials. In fact, Bank of America and Morgan Stanley are near their 2011 lows.
Buybacks are expected to make up two-thirds of payouts in 2011 and their significance should not be overshadowed by dividend payouts, according to analysis done by Goldman Sachs. ...A report from TheStreet.
The BlackRock CEO isn't surprised by the recent climb higher in U.S. equities, as the asset class remains "very cheap," Fink told CNBC Thursday.
Institutional Shareholder Services, the biggest proxy advisor firm, may be losing its expert grip. One of its key executives just left the firm: Qin Tuminelli, who spearheaded the mergers and acquisitions research. Tuminelli’s leaving comes just a year after the exit of Chris Young, who, as head of M&A and proxy contest research, held the signature slot on most I.S.S. opinions.
"When people don't know, they hunker down and own less risk," the equity strategist said. "If you think more of this is coming, you sell some stocks, buy some Treasurys, and buy some gold...and I wouldn't make that trade."
St. Joe Company's largest shareholder may have failed in his first attempt to change the company's direction, but Fairholme Capital's Bruce Berkowitz is not done yet.
BlackRock, the big money management firm led by Laurence Fink, tells the SEC it held 6.6 percent of Berkshire Hathaway's Class B shares at the end of December. That appears to be an increase from 5.1 percent.
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Stocks trimmed losses in the final hour of trading to end flat amid mixed earnings and economic news, and ahead of the President's State of the Union speech tonight. AmEx and Bank of America fell, while Wal-Mart rose.
Stocks trimmed losses but remained down as technology stocks turned around following a handful of weak earnings reports from major Dow components and on the heels of mixed economic news, and ahead of the President's State of the Union speech tonight.
The best conservative, long-term value stock is American Tower, the global provider of wireless and broadcast towers, Gerald Kaminsky, money manager of Neuberger Berman, and father to Gary Kaminsky, told CNBC on Tuesday.
A period of inflation won't happen, given the high level of unemployment, Peter Fisher, global head of fixed income of BlackRock, told CNBC Tuesday.
Investing in mutual funds that buy gold-company stocks is a way to reduce risk in the highly volatile sector. Problem is, only a handful of funds produce relatively consistent returns. ...A report from TheStreet.