BlackRock’s Larry Fink Handed Pay Perks for Role in Growing Private Markets

Feb 14, 2025 | Markets, Private Markets

BlackRock Inc. awarded Chief Executive Officer Larry Fink additional pay perks known as carried interest tied to the asset manager’s major expansion in private markets, saying the co-founder has a key role in the firm’s long-term plans. Fink will receive a percentage...

Family Offices Bet on Nvidia Before $589 Billion DeepSeek Rout

Feb 14, 2025 | Markets

Longbow, Appaloosa, Iconiq added shares of AI chipmaker in Q4 Iconiq also disclosed a $1.6 billion stake in ServiceTitan Investment firms for the world’s ultra-rich boosted their Nvidia Corp. allocations ahead of the DeepSeek-driven selloff. Family offices for...

US Retail Sales Drop by Most in Two Years Amid Fires, Storms

Feb 14, 2025 | Markets

January value of receipts fell 0.9% after solid holiday season Cars, sporting goods and furniture stores led monthly decline US retail sales slumped in January by the most in nearly two years, indicating an abrupt pullback by consumers after a spending spree in the...

Trump’s Government Payroll Purge Expands to Probationary Workers

Feb 13, 2025 | Markets

Agencies were directed to lay off their probationary employees Department of Energy among agencies expected to reduce staff Thousands of probationary employees in multiple government agencies are facing dismissal as the Trump administration continued its effort to...

German Economy Is Set for Another Year of Contraction, DIHK Says

Feb 13, 2025 | Markets

Germany’s economy will probably shrink for a third year in 2025, according to the German Chamber of Commerce and Industry. A survey of about 23,000 companies across all sectors and regions of the country showed that “significantly more firms continue to expect worse...