Author: Daniel snow
BlackRock CEO Larry Fink has sent a clear message to investors: The world’s largest asset manager’s smallest acquisition last year could end up its most consequential. During an industry conference in March, the long-time executive said BlackRock’s $3.2 billion purchase of alternatives asset data provider Preqin — its smallest of the four deals announced in 2024 — is “probably the most significant thing we have done in terms of expanding the profile of private markets.” It could be a big deal for investors, too. For starters, Preqin can bring what BlackRock currently does best — offer investors index products like…
Traders work on the New York Stock Exchange floor on Dec. 18, 2024.Spencer Platt | Getty ImagesFor all the drama in the stock market of late, investors’ portfolio balances may not look too different from when President Donald Trump entered office.There have been some unnerving days amid the Trump administration’s tariff policies. The S&P 500 dropped by 2% or more on six days between Jan. 20 and June 6, according to data provided to CNBC by Morningstar Direct. During that period, there were 18 days where the index shed 1% or more.Still, the S&P 500’s annualized return for Trump’s second…
President Trump thinks he’s sending a message. By deploying waves of National Guard officers and active duty Marines to Los Angeles, he’s trying to show that he’s powerful and in control, that anyone who protests his policies will pay a price. This is a classic deterrence strategy: hit hard in one place to scare Americans into staying home.But this strategy often backfires. If the majority of protests in Los Angeles reject violence, Mr. Trump may end up proving the opposite of what he intended: that he’s afraid, that the protesters are disciplined and that the threat isn’t the people —…
Investors should position for a new global order with high-quality bonds that pay, according to Pimco. Source link
To the Editor:Re “Teachers Saved My Life. Why Do We Scorn Them?,” by John B. King Jr. (Opinion guest essay, June 1):As a retired secondary school teacher and school administrator who now serves as a community college trustee, I commend Mr. King for his personal reflection on how teachers became his lifeline as he navigated the awesome challenges of his young life.More than that, I applaud how he repaid those teachers a thousandfold by his lifetime as an educator who clearly sees how the Trump administration is trying to destroy public education with no concern for the irreparable damage its…
When the idea for the Oura Ring was first spawned in 2013, the company’s founders envisioned a device that would take a precise look at sleep and recovery, two important aspects of overall health that they felt few wearable tools had prioritized to that point.Now, over a decade later, Oura’s ambitions have evolved to transform healthcare and personal health, all while disrupting the growing wearables industry.”The vision for the future of Oura has to do with the doctor in your pocket,” Oura CEO Tom Hale said in an appearance on CNBC’s “Squawk on the Street” on Tuesday. “Everyone already has…
The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles in Los Angeles on Sept. 17, 2024.Andrej Sokolow | Picture Alliance | Getty ImagesSnap on Tuesday announced its plans to release a sixth-generation of its augmented reality glasses in 2026, as competition in the smart glasses market continues to heat up. The maker of Snapchat said that its next-generation glasses will be called Specs, breaking with the company’s Spectacles branding that it used for previous versions of its wearable devices. The Specs will use AR technology to let people see and interact with digital imagery that’s overlaid over…
Caraway is known for its luxurious PFAS-free cookware, but they have had to raise prices following tariffs. Source link
McDonald’s stock was heading for its longest losing streak in 12 years after Redburn Atlantic recommended investors sell due to concerns over the impact of weight-loss drugs and relatively high prices. Source link
At a used car market in Beijing, salesman Ma Hui said he fears China’s electric vehicle industry is in a race to the bottom.EV makers, led by the country’s market leader BYD, have been engaged in a bruising price war, depressing profits for the brands, as well as sellers such as Ma.”All of us were losing money last year,” Ma said about his fellow used car sellers in the market. “There are too many companies making too many new energy cars.”A BYD dealership in Beijing on June 4, 2025.CNBCChina’s trading partners have often accused the country of flooding the global…