In recent news developments, BlackRock CEO Larry Fink was reportedly pleasing to Donald Trump concerning a deal on the Panama Canal, a move that may unsettle relations with China. Several top fund managers, including BlackRock and Vanguard, requested the dismissal of a climate-related antitrust lawsuit, described as 'farfetched'. However, there have been several reasons that critics are wary of investing in BlackRock's stock at this time (NYSE:BLK).
More positively, Harvest Fund Management expanded their holdings in BlackRock. Also, notable tech companies Nvidia and xAI are joining BlackRock and Microsoft's $30 billion AI Infrastructure Fund. Meanwhile, BlackRock is planning to introduce new ETF offerings in Europe. Further, BlackRock Canada is slated to announce March cash distributions for its iShares ETFs.
Notably, BlackRock's AI partnership was reportedly expanded with Nvidia and xAI in a move aiming to unlock a $30 billion capital. In an additional move, BlackRock has completed the acquisition of Preqin. Their assets reportedly hit a record $11.6 trillion in the fourth quarter.
Blackrock BLK News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Sat, 22 Mar 2025 16:00:59 GMT - Rating 6 - Innovation 2 - Information 7 - Rumor -2
