BlackRock (NYSE: BLK) and Vanguard are two of the largest exchange-traded fund (ETF) issuers in the world.The investment vehicles offered by these two finance giants cover just about every facet one could think of. Whether investors are after exposure to a certain class of stocks, a particular sector, or an emergent theme, odds are either BlackRock or Vanguard — or most commonly, both, can provide.With each of these behemoths, wide-market index funds are the most popular choice. Offering simple exposure to ...

Who owns the biggest companies in the country? Millions of shareholders. However, a handful of giant institutional investors own the largest stakes.BlackRock (BLK -1.45%) ranks near the top of the list of those huge institutional investors. This company owns a big chunk of the so-called "Magnificent Seven" -- and Wall Street thinks its stock is a screaming buy.Seven for sevenThe Magnificent Seven consists of the following stocks (listed in descending order based on market cap):Apple (AAPL -2.40%)Nvidia (NVD ...

Several billionaire hedge fund managers in the third quarter added to their positions in the iShares Bitcoin Trust (IBIT -1.18%), an exchange-traded fund (ETF) issued by BlackRock that tracks the price of Bitcoin (BTC -0.87%). Details are provided below:Israel Englander of Millennium Management bought 12.6 million shares of the iShares Bitcoin Trust, increasing his stake by 116%. The BlackRock fund is now his eighth largest holding excluding options.Paul Tudor Jones of Tudor Investment bought 3.5 million sh ...

BlackRock Inc. (BLK) is considering increasing its workforce in India by hiring 1,200 people. This was reported by Bloomberg, citing people familiar with the matter.Rational Behind BlackRock’s MoveBlackRock’s hiring spree aims to strengthen its artificial intelligence (AI) capabilities and expand its iHubs in Mumbai and Gurugram.iHubs are BLK’s innovation and support centers that handle investment research, risk management, financial engineering, business operations and data analytics. Thus, the company is ...

BlackRock (NYSE: BLK) oversees more than $11.6 trillion worth of client money, making it the largest asset manager in the world. Around $3.5 trillion of that is invested in exchange-traded funds (ETFs) which are operated by its iShares subsidiary. ETFs can hold hundreds or even thousands of individual stocks. They can help investors gain exposure to a specific sector of the market like artificial intelligence (AI), which is really useful because picking the individual winners and losers in a new industry is ...

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

BlackRock Inc. (BLK) is considering opening an office in Kuwait to deepen its presence in the Middle Eastern region. This was reported by Bloomberg, citing people familiar with the matter.BLK is in discussions with regulators and could finalize a decision later this month.Rationale Behind BLK’s MoveAbu Dhabi and Riyadh have been competing with Dubai to establish themselves as the primary business hub of the Middle East. While global firms like Citigroup Inc. (C) and Morgan Stanley (MS) have increased their ...

TORONTO, Feb. 03, 2025 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE: BLK), is pleased to announce that at a special meeting of the iShares Premium Money Market ETF (the “iShares Fund”) held today, unitholders approved the proposal to change the investment objective of the iShares Fund to permit investments in asset-backed commercial paper (the “Proposal”). Following the implementation of the Pr ...

Now that Bitcoin (BTC -4.14%) has crossed the $100,000 mark, it's only natural to ask: Just how much higher can it really go? After all, Bitcoin is up more than 30,000% over the past decade, and is now a $2 trillion asset. Long-term investors may find it hard to envision Bitcoin replicating its past decade's performance.The good news is that Bitcoin is likely nowhere close to hitting its true ceiling. According to Larry Fink, CEO of asset management giant BlackRock, Bitcoin could eventually soar as high as ...

Thoughtful woman at the hair salon looking beautiful with her new lookgetty BlackRock is making changes to some of its highest-yielding funds. Today we’re going to zero in on a 13%-yielder that’s at the center of the action: the tech-focused BlackRock Innovation and Growth Term Trust (BIGZ).Yes, the fund focused on tech. So the pullback in American AI stocks on news that Chinese AI chatbot DeepSeek, which was launched earlier this month, can rival the latest version of Open AI’s ChatGPT, factors in here, to ...