BlackRock ties Fink’s pay to private market expansion

Jan 14, 2025 | Markets, Private Markets

Summary BlackRock assets hit record $11.6 trillion last year ‘Carried interest’ incentive follows aggressive 2024 expansion New Fink package to start with end-2024 compensation Top asset manager BlackRock said on Friday it has changed the way Chairman and...

Bond market selloff jolts global investors as Trump worries grow

Jan 8, 2025 | Markets

A sharp selloff in the world’s biggest government bond markets and a continued rise in the dollar sent shockwaves through financial markets, with pain seen deepening as uncertainty grows over U.S. President-elect Donald Trump’s policies. On Wednesday, the...

French government faces collapse as left and far-right submit no-confidence motions

Dec 3, 2024 | Markets

Summary Far-right, left say they will vote government down No-confidence vote likely to take place on Wednesday Investors punish French stocks and bonds Fragile coalition relied on far-right RN support The French government is all but certain to collapse later this...

Microsoft faces wide-ranging US antitrust probe

Nov 27, 2024 | Markets

Competitors complain Microsoft locks customers into its cloud service FTC earlier set the stage for probe into Microsoft’s role in AI market Investigation’s future uncertain under Trump administration The U.S. Federal Trade Commission has opened a broad...

US manufacturing drops to 15-month low amid higher input prices: ISM

Nov 1, 2024 | Markets

US manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs, the Institute for Supply Management (ISM) said on Friday. The ISM’s manufacturing PMI fell to 46.5 last month, the lowest level since July 2023, from...