Not so long ago known as the untouchable Bond King of the investment world, the Pimco founder now finds himself the subject of intense scrutiny.» Read More
Jan 16- BlackRock Inc, the world's largest money manager, on Thursday reported a higher-than-expected quarterly profit, benefiting from strong markets and a flow of new money into its exchange-traded funds.
*Citi, Goldman Sachs earnings due. NEW YORK, Jan 16- U.S. stock index futures were little changed on Thursday after closing at a record high in the prior session, ahead of data on the labor market and earnings from Goldman Sachs and Citigroup. *Earnings are due from 12 S&P 500 components on Thursday, including Goldman Sachs Group Inc and Citigroup Inc.
The long-discussed "Great Rotation" won't be from bonds to stocks but will be within the bond market, BlackRock Chairman and CEO Larry Fink told CNBC.
Larry Fink, Chairman & CEO of BlackRock, discusses ways to protect investors while managing risk and regulating asset management. We need to look at regulating more at the product level, says Fink.
Larry Fink, Chairman & CEO of BlackRock, discusses where he thinks interest rates are likely headed. Inflation is going to hold down rates, says Fink. And a discussion on how technology is aggressively transforming the global workforce.
Jan 16- BlackRock Inc, the world's largest money manager, said on Thursday that its fourth-quarter profit rose 24 percent, citing growth in markets, long-term net inflows and strong performance fees. The New York- based company reported net income of $841 million, or $4.86 per share, up from $690 million, or $3.93 per share, a year earlier.
Larry Fink, Chairman & CEO of BlackRock, shares his thoughts on investment banking and what he is seeing as a shift away from core index bonds into "unconstrained' fixed income.
Stanley Pignal, finance correspondent for The Economist, describes BlackRock as a "spectacularly large company" with an "extraordinary growth story" and "huge impact on the market."
With stocks back in record terrain for the first time in 2014, traders are watching earnings as the catalyst that will determine whether gains hold.
*Nine out of 10 worst UK funds in 2013 focused on gold. It comes as no surprise then that nine of the 10 worst-performing funds in the UK in 2013, and six out of the 10 worst in the United States made bets on gold equities. At the top of that list is the Junior Gold fund, which lost almost 66 percent- a level that even its manager, Angelos Damaskos, describes as "eye-watering".
The mayor of Richmond, Calif., is pushing a novel use of eminent domain to prevent foreclosures. Financial firms are very, very unhappy.
NEW HAVEN, Conn., Jan 10- A former Jefferies Group Inc managing director accused of cheating clients and the government on mortgage securities after the 2008 financial crisis failed to persuade a federal judge to keep jurors from being told that "taxpayers" were victims of his alleged fraud.
*Benchmark yields book biggest one-day drop in over two months. NEW YORK, Jan 10- U.S. "We are seeing a solid rally across maturities because of the weak payroll print," said Jake Lowery, portfolio manager at ING U.S. Investment Management in Atlanta, which oversees $190 billion in assets.
SINGAPORE, Jan 10- Gold edged higher on Friday as the dollar came off seven-week highs, but investors were looking ahead to U.S. nonfarm payroll numbers to gauge the strength of the U.S. economic recovery and the outlook for the Federal Reserve's monetary policy.
Jan 9- BlackRock Inc, the world's largest asset manager, agreed to end its analyst survey program worldwide, as part of an agreement reached Wednesday with the New York Attorney General's office. BlackRock agreed to pay $400,000 for the cost of the investigation, but no fine or penalty, and to cooperate in Schneiderman's ongoing industry-wide probe.
Some of Thursday's midday movers:
LONDON, Jan 9- Gold prices steadied on Thursday after two days of losses as traders took to the sidelines ahead of a key U.S. employment report on Friday, which will be closely watched for clues on the outlook for Federal Reserve policy.
*Gold recovers as dollar index comes off 7- week high. LONDON, Jan 9- Gold prices firmed on Thursday after two days of losses as the dollar index retreated from seven-week highs, but moves were muted as traders took to the sidelines ahead of a report on the U.S. jobs market on Friday.
*Gold recovers as dollar index comes off 7- week high. LONDON, Jan 9- Gold steadied on Thursday after two days of losses as the dollar index retreated from the previous day's seven-week high, while traders took to the sidelines ahead of a report on the U.S. jobs market on Friday.
BlackRock agreed to end its analyst survey program worldwide, as part of an agreement reached Wednesday with the New York Attorney General's office.