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☆ How BlackRock’s Rick Rieder would reimagine the 60/40 portfolio with today’s higher rates
▼ + stars: | 2024-04-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The balanced portfolio – which typically allocates 60% of assets toward stocks and 40% to fixed income –could use a rethink in today's higher rate environment, according to BlackRock's Rick Rieder. "For 30 years, fixed income was a hedge," said Rieder, the asset manager's global chief investment officer of fixed income, in a phone call with CNBC. A 60/30/10 split Rather than a 60/40 split toward equities and fixed income, Rieder said he would consider a 60/30/10 allocation if he had to build a balanced portfolio. That is, he'd maintain a 60% allocation toward stocks, but keep 30% of the portfolio in "higher income, shorter duration" assets. In addition to AAA-rated CLOs, Rieder also likes European investment-grade credit as a U.S. dollar investor.

Persons: BlackRock's Rick Rieder, Jerome Powell, Rieder, Jared Woodard Organizations: CNBC, Federal Reserve, AAA, Bank of, CLOs Locations: Central

☆ Service inflation is still too high for the Fed: BlackRock's Rick Rieder
▼ + stars: | 2024-04-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailService inflation is still too high for the Fed: BlackRock's Rick RiederBlackRock CIO of global fixed income, Rick Rieder, joins CNBC's 'Closing Bell' to share his outlook on markets, rate cuts, and more.

Persons: Rick Rieder

☆ Here's what to know about adding foreign bond exposure to your portfolio
▼ + stars: | 2024-04-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Investors have been raking in income thanks to attractive yields in the U.S. bond market. Investing in global bond funds Individual investors can add exposure to foreign bonds through global bond funds. There are hedged funds, which hedge foreign currency exposure back to the U.S. dollar and therefore reduce currency risk. "It's good to be diversified because foreign bond exposure is a massive part of the global bond markets," Mulach said. Here are Morningstar's top picks for global bond exposure: The Pimco strategies keep the bulk of their non-U.S. currency exposure hedged back to the U.S. dollar.

Persons: Rick Rieder, Rieder, Collin Martin, Martin, It's, Mike Mulach, Mulach, Rick Rieder's, Darla Mercado Organizations: BlackRock, SEC, Investment, U.S ., European, European Central Bank, Federal, Schwab Center, Financial Research, Morningstar, U.S, Strategic Global Bond Fund, Investor, Morningstar . Dodge, Cox's Global Bond Fund Locations: U.S, Europe, BlackRock, Mexico, Brazil

☆ This fixed income play touts yields upward of 6% — and the risk is relatively low, Bank of America says
▼ + stars: | 2024-04-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The firm began coverage of this corner of the ETF space on Monday. An ETF play Woodard's team began coverage of one CLO fund: the Janus Henderson AAA CLO ETF (JAAA) . "Among covered ETFs with higher credit quality, it has the highest yield," Woodard said. There is also BlackRock's AAA CLO ETF (CLOA) , an actively managed offering with an expense ratio of 0.20% and a 30-day SEC yield of 6.59%. Investors digging into the CLO ETF space shouldn't just focus on yield, of course.

Persons: Jared Woodard, Woodard, Jerome Powell, CLOs, Janus Henderson, JAAA Organizations: Federal Reserve, Bank of America, AAA, Janus Henderson AAA CLO, SEC, AA, AAA CLO, CLOs, BBB

☆ Pullback is just a 'healthy consolidation,' use it to buy AI plays, says BlackRock's Kate Moore
▼ + stars: | 2024-04-16 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Recent weakness in the market shouldn't deter investors from finding pockets of opportunity, particularly in artificial intelligence-related companies, according to BlackRock's Kate Moore. The Dow Jones Industrial Average and S & P 500 fell for a second week last week. "I think healthy consolidation after an extremely strong return in the first quarter is completely fair, and doesn't change the fundamentals," Moore said in an interview. Moore sees an opportunity in two of BlackRock's highest-conviction themes: AI-adjacent software and semiconductor companies, and global commodity producers and miners, particularly those related to copper. She expects better breadth in terms of earnings growth this quarter, which should support long-term investor confidence in the equity market.

Persons: Kate Moore, Stocks, There's, Moore, it's Organizations: Dow Jones Industrial, Devices

☆ BlackRock's Larry Fink thinks AI will boost wages — and productivity
▼ + stars: | 2024-04-16 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +1 min

Larry Fink, CEO of BlackRock, believes AI will increase productivity and wages. His firm has increased assets while keeping head count the same which Fink credits to AI advances. Although AI optimists hope it'll raise wages, others are more skeptical and fear job displacement. AdvertisementLarry Fink, CEO of BlackRock, said on a recent earnings call that the company's investments in AI will drive up productivity and raise wages. This is how it's going to have to be done, driven through technology, which will increase productivity," he said.

Persons: Larry Fink, Fink, — Organizations: Service, BlackRock, Business Locations: America

☆ What's so great about Australia's retirement plan — and what it means for America
▼ + stars: | 2024-04-16 | by ( Allie Kelly | ) www.businessinsider.com time to read: +8 min

Australia's superannuation system mandates employer-funded retirement contributions. Meanwhile, the US retirement system has become anxiety-inducing for many, as older adults struggle to make ends meet. AdvertisementAustralian retirement system puts saving responsibility on employers, not employeesAmerica's current retirement infrastructure includes two major categories: defined contribution plans and Social Security. This differs from the American system, where retirees' money is often held between a 401(k), other accounts, and outside investments. Still, Reilly cautioned that applying Australia's retirement system to the US could negatively affect employee wages.

Persons: —, Sen, Bernie Sanders, Catherine Reilly, Reilly, Larry Fink, Fink Organizations: Service, Challenger Limited, Money, TIAA Institute, Georgetown University's Center for Retirement, Social Security, BlackRock, Employers, Pew Charitable Trust Locations: Australia, America, California, Colorado

☆ Tension in the Middle East, hot inflation rattle stocks. Take these steps to shore up your portfolio
▼ + stars: | 2024-04-15 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Conflict in the Middle East escalated over the weekend as Iran launched drones and missiles at Israel, and traders braced for a response. Investors have already been on edge as of late amid climbing oil prices and recent economic data that shows inflation is remaining sticky. Rockier times could be ahead, too, noted Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute. Tax-loss harvesting involves selling losers in your taxable account and using these losses to offset realized gains within your portfolio. Extending duration involves adding exposure to bonds with greater price sensitivity to changes in rates.

Persons: Paul Christopher, Christopher, rebalancing, Gargi Pal Chaudhuri Organizations: Wells, Wells Fargo Investment Institute, Information Technology, Communications Services, BlackRock, Treasury Bond ETF Locations: Fresh, Iran, Israel, Wells Fargo, BlackRock

☆ 'You're never too young' to make this crucial money move, says BlackRock investing chief
▼ + stars: | 2024-04-15 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

Talk to enough old-school investing types and you're bound to hear a classic aphorism come up again and again: There are no free lunches. For younger investors though, one thing comes close to the proverbial sandwich on the house, says Gargi Chaudhuri, chief investment and portfolio strategist, Americas, at BlackRock. You're never too young," she says. Start investing early to maximize returnsChaudhuri gets it if you're young and aren't yet thinking about retirement. If you're early on in your investing journey, you don't have to think about the ins and outs of life after working just yet.

Persons: they're, you'll, Gargi Chaudhuri, It's, Chaudhuri, you've Locations: Americas, BlackRock

☆ 'Buffett really was not a great stock picker': Financial researcher Larry Swedroe on how investors can emulate the billionaire investor
▼ + stars: | 2024-04-13 | by ( Meredith Mutter | ) www.cnbc.com time to read: +3 min

Larry Swedroe, who is considered one of the market's most esteemed researchers, thinks Warren Buffett's investment style doesn't work well anymore. "Warren Buffett was generally considered the greatest stock picker of all time. And, what we have learned in the academic research is Warren Buffett really was not a great stock picker at all," Swedroe told CNBC's "ETF Edge" this week. "What Warren Buffett's 'secret sauce' was, he figured out 50, 60 years before all the academics what these factors were that allowed you to earn excess returns." In his latest book, Swedroe likens the stock market to sports betting and active managers to bookies.

Persons: Larry Swedroe, Warren, Warren Buffett, Swedroe, CNBC's, Warren Buffett's, Cliff Asness, Buffett, Buffett's, who's Organizations: Wall Street, Alpha, CNBC, Buckingham Wealth Partners Locations: AQR, Bridgeway, BlackRock

☆ Surging inflation fears sent markets tumbling and Fed officials scrambling
▼ + stars: | 2024-04-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +8 min

Energy prices, which have been a major factor in the past two months' inflation readings, pushed higher on signs of further geopolitical turmoil. Minutes released Wednesday from the March Fed meeting showed officials were concerned about higher inflation and looking for more convincing evidence it is on a steady path lower. Sticky price CPI entails items such as housing, motor vehicle insurance and medical care services, while flexible price is concentrated in food, energy and vehicle prices. "If that's the case, you would require a decent amount of unemployment to get inflation all the way to 2.0%." That's why Furman and others have pushed for the Fed to rethink it's determined commitment to 2% inflation.

Persons: Spencer Platt, —, Stocks, Jason Furman, We've, Israel, Jim Paulsen, Wells, Substack, Paulsen, Furman, Barack Obama, Jamie Dimon, John Williams, Susan Collins, it's, Larry Fink Organizations: Getty, Investors, Dow Jones, CNBC, of Economic Advisers, New York Fed, National Federation of Independent Business, Labor Department, JPMorgan, University of Michigan's, Boston, Commerce, CPI, Citigroup, Fed, Atlanta Fed, Dallas Fed, Harvard, BlackRock Locations: Manhattan, New York City, Iran, Israel

☆ BlackRock's Larry Fink sees Fed cutting rates twice this year but missing 2% inflation goal
▼ + stars: | 2024-04-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

(Photo by Sean Gallup/Getty Images)BlackRock CEO Larry Fink predicted Friday that the Federal Reserve likely will still cut interest rates this year but won't meet its inflation target. A report earlier this week showed inflation running at a 3.5% annual rate. Still, Fink expects the Fed to do some reductions this year while it may have to concede that inflation will remain elevated. "Inflation has moderated and we've always said inflation is going to moderate. Fink spoke the same day BlackRock reported quarterly earnings that topped Wall Street expectations both for profit and revenue.

Persons: Larry Fink, Sean Gallup, it's, Fink, we're, " Fink, we've Organizations: UNITED, Expo City, United Arab Emirates, Getty, Federal Reserve, Fed, Federal, BlackRock Locations: DUBAI, EMIRATES, Expo City Dubai, Dubai, United Arab

☆ BlackRock just reported a record $10.5 trillion in assets under management as client cash poured in and markets delivered
▼ + stars: | 2024-04-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Assets under management grew by 15% in 12 months to a record $10.5 trillion. The world's largest asset manager cited big net inflows of client cash and a strong market. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementBlackRock's assets under management surged 15% year-on-year to a record $10.5 trillion in the first quarter, as more people trusted the company to put their cash to work and markets performed well. Indeed, BlackRock's net inflows were $76 billion in the first quarter versus $183 billion in all of 2023.

Persons: —, Larry Fink Organizations: BlackRock, Service Locations: Thursday's

☆ Stocks making the biggest moves before the bell: JPMorgan, BlackRock, Globe Life and more
▼ + stars: | 2024-04-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

JPMorgan — The bank slipped 2.4% despite beating expectations on both lines and reporting lower credit costs than anticipated. Wells Fargo — Wells Fargo shares vacillated after reporting first-quarter earnings , but were recently up less than 1%. The bank topped Wall Street's expectations on the top and bottom lines, but reported a decline in net interest income. Citigroup — Shares rose more than 2% after the bank posted $21.1 billion in revenue , which was higher than analysts' expectations of $20.4 billion, according to LSEG. Globe Life — The insurer jumped about 9% in Friday's extended trading, rebounding after tumbling more than 50% in the prior session.

Persons: Jamie Dimon, LSEG, Thursday's, Raymond James, —, Macheel, Samantha Subin, Sarah Min, Michelle Fox Organizations: JPMorgan, Citigroup —, BlackRock, Blackrock, Research, Paramount, Skydance, Wolfe Research, Corteva, Citi Locations: Wells, LSEG

☆ Larry Fink's big bet: BlackRock is planning to power the AI revolution
▼ + stars: | 2024-04-12 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +1 min

BlackRock CEO Larry Fink discussed the firm's acquisition of Global Infrastructure Partners Friday. The billionaire stressed how much energy AI needs and the infrastructure needed to support it. The $10.5 trillion manager expects the $12.5 billion deal to close in the third quarter. BlackRock CEO Larry Fink wants to be his firm to be the foundation. Now, the next "transformational" moment for BlackRock will be building the necessary foundation for other companies to transform their businesses.

Persons: Larry Fink, Fink Organizations: BlackRock, Global Infrastructure Partners, Barclays, Business

☆ BlackRock shares tick higher after strong earning
▼ + stars: | 2024-04-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock shares tick higher after strong earningCNBC’s Leslie Picker joins ‘Squawk Box’ to report on BlackRock's quarterly earnings results.

Persons: CNBC’s Leslie Picker Organizations: BlackRock

☆ Stocks making the biggest moves midday: Globe Life, JPMorgan, Zoetis, Wells Fargo and more
▼ + stars: | 2024-04-12 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Wells Fargo — Shares of the bank inched lower by less than 1% after it reported a decline in net interest income during the first quarter. Wells Fargo did beat analyst expectations for its first-quarter adjusted earnings and revenue. Globe Life — The life insurance stock bounced 10% after plummeting more than 50% during Thursday's session. The firm said shares were not worth purchasing ahead of the first quarter earnings report, given the weakness expected. Ciena — Shares slipped nearly 3% after Citi initiated coverage of the software company with a sell rating.

Persons: Jamie Dimon, Wells, LSEG, Corteva, Librela, — CNBC's Michelle Fox, Alex Harring, Tanaya Macheel, Pia Singh Organizations: JPMorgan, Street, Wells Fargo, BlackRock —, BlackRock, Fuzzy Panda Research, Paramount, Skydance Media, Citi, Wall Street, Solensia, Arista Networks, Rosenblatt

☆ BlackRock CEO Larry Fink: AI can't happen without a huge investment in infrastructure
▼ + stars: | 2024-04-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock CEO Larry Fink: AI can't happen without a huge investment in infrastructureBlackRock CEO Larry Fink joins CNBC's 'Squawk on the Street' to discuss their latest results as the asset management giant beat earnings expectations, why he believes a massive investment in building AI infrastructure matters, and more.

Persons: Larry Fink, CNBC's

☆ Watch CNBC’s full interview with BlackRock CEO Larry Fink
▼ + stars: | 2024-04-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with BlackRock CEO Larry FinkBlackRock CEO Larry Fink joins CNBC's 'Squawk on the Street' to discuss their latest results as the asset management giant beat earnings expectations, why he believes a massive investment in building AI infrastructure matters, and more.

Persons: Larry Fink, CNBC's Organizations: BlackRock

☆ Wall Street wants answers from big banks about the economy
▼ + stars: | 2024-04-11 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Big banks kick off earnings season Friday. “Earnings season just became significantly more important,” said JJ Kinahan, chief executive of IG North America, in a Wednesday note. On one hand, lofty rates could help pad banks’ net interest income, since they can charge a higher borrowing rate for loans and mortgages. Inflation has been a bane on Biden’s presidency, with voters consistently giving him low marks for his handling of the economy. Fed Chair Jerome Powell has said that policymakers want to see more evidence that inflation is headed toward their 2% goal.

Persons: ”, JJ Kinahan, JPMorgan, Wells, You’ll, Carol Schleif, Wall, Jamie Dimon, “, Alicia Wallace, Friday’s, Joe Biden, ” Biden, Bryan Mena, Jerome Powell, Powell Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, IG North America, JPMorgan Chase, BlackRock, Citigroup, PNC Financial Services, BMO Family Office, Federal Reserve, Wall, Traders, Bureau of Labor Statistics, —, Federal, Fed Locations: New York, Wells Fargo, pare

☆ Is the Boom-and-Bust Business Cycle Dead?
▼ + stars: | 2024-04-11 | by ( Talmon Joseph Smith | ) www.nytimes.com time to read: 1 min

For much of modern history, even the richest nations have been subject to big perennial upswings and crashes in commercial activity almost as fixed as the four seasons. Hiring and investment crest and fall into a contraction as consumer confidence wanes and spending craters. Sales fall, bankruptcies and unemployment rise. But a brigade of academic economists and prominent voices on Wall Street are asking if the unruly business cycle they learned in school, and witnessed in practice, has fundamentally morphed into a tamer beast. Rick Rieder, who manages about $3 trillion in assets at the investment firm BlackRock, is one of them.

Persons: Rick Rieder Locations: BlackRock

☆ Income investing opportunities emerge as the outlook for rate cuts moves to September
▼ + stars: | 2024-04-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

IEI has a 30-day SEC yield of 4.26% and carries an expense ratio of 0.15%. BINC, which is actively managed, has a 30-day SEC yield of 5.6% and a net expense ratio of 0.4%. Investors can use ETFs to tackle that space: Vanguard's Intermediate-Term Corporate Bond ETF (VCIT) has a 30-day SEC yield of 5.33%. There's also the iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) , offering a 30-day SEC yield of 5.4%. Hunting dividend payers Higher rates have overshadowed opportunities among dividend-paying stocks, which look less attractive to income investors who can find risk-free yields easily.

Persons: it's, Michael Carbone, Carbone, Gargi Chaudhuri, Collin Martin, There's, Michael Clarfeld Organizations: Dow Jones, Traders, Federal, Treasury Bond ETF, SEC, Schwab Center, Financial Research, Corporate Locations: Chelmsford , Massachusetts, BlackRock, ClearBridge

☆ Jeff Bezos and fiancée Lauren Sánchez were among the top tech bosses and business leaders to attend a lavish White House dinner
▼ + stars: | 2024-04-11 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +2 min

The former Amazon CEO joined over 200 other guests at a White House state dinner on Wednesday. President Joe Biden hosted the dinner in honor of the Prime Minister of Japan, Fumio Kishida. Other guests in attendance included Apple CEO Tim Cook and JP Morgan's Jamie Dimon. AdvertisementJeff Bezos, founder and former CEO of Amazon, and his fiancée Lauren Sanchez, a former news anchor and philanthropist, joined 200 other guests at a White House state dinner on Wednesday. Jill Biden had the State Floor of the White House transformed into what she dubbed a "vibrant spring garden" for the event.

Persons: Joe Biden, Fumio Kishida, Tim Cook, Morgan's Jamie Dimon, —, Jeff Bezos, Lauren Sanchez, Fumio, Jamie Dimon, Larry Fink, Bill Clinton, Hillary Clinton, Robert DeNiro, Masayoshi Son, Ken Kobayashi, Bezos, MacKenzie Scott, Jill Biden, India Narendra Modi, Sam Altman, Sundar Pichai Organizations: Amazon, House, Japan, Apple, Service, BlackRock, Mitsubishi, The Washington Post, White, Google Locations: India

☆ Stock futures are little changed as Wall Street awaits bank earnings: Live updates
▼ + stars: | 2024-04-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) on April 10, 2024 in New York City. U.S. stock futures flickered near the flatline on Thursday night as traders looked ahead to the release of corporate earnings from major U.S. banks. S&P 500 futures and Nasdaq 100 futures were little changed. The muted action follows a sharp rebound for the S&P 500 and the Nasdaq Composite as tech shares led a comeback from Wednesday's inflation-fueled sell-off. On Thursday, Nasdaq gained 1.68% to close at a record, while the S&P 500 gained 0.74%.

Persons: Dow, Apple, Thomas Martin Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow, Bloomberg News, Apple, Nvidia, Globalt Investments, CNBC, JPMorgan Chase, Citigroup Locations: New York City, U.S, Wells Fargo, BlackRock

☆ Morgan Stanley tumbles, GE Healthcare climbs — what's driving Thursday's major portfolio stock moves
▼ + stars: | 2024-04-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Stocks, Banks, JPMorgan Chase, Jamie Dimon, Morgan Stanley, Bausch, Jim, Jim Cramer's Organizations: CNBC, Club, Citigroup, JPMorgan, Securities and Exchange Commission, U.S, Appeals, Federal Circuit, Health, Jefferies, Xifaxan, Bausch Health, Costco, GE Healthcare, Mizuho, Broadcom, Apple, Nvidia, Jim Cramer's Charitable Locations: Wells Fargo, BlackRock

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