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☆ X changed its terms of service to let its AI train on everyone’s posts. Now users are up in arms
▼ + stars: | 2024-10-21 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —When X unveiled its newest terms of service, which go into effect on November 15, users quickly picked up on one change. Using content to train AI has become a major issue as the technology booms. On X, artists and others in creative roles are fretting about their work being used – not just on X – to train computers that could someday replace human creators entirely. Other X users say they are concerned about personal information in their tweets being used that way. X’s terms said any users who continue to use their products or services on or after November 15 would be agreeing to the updated terms.

Persons: X, ”, Alex Fink, Fink, CNN’s Clare Duffy Organizations: New, New York CNN, Services, Musk, Court, Northern, Northern District of, Companies, Google, Microsoft, CNN Locations: New York, Northern District, Northern District of Texas, Tarrant County , Texas, Tarrant, Austin , Texas

☆ Kamala Harris works to fortify the ‘blue wall’ as Democrats fret over a 2016 repeat
▼ + stars: | 2024-10-17 | by ( Jeff Zeleny | Eric Bradner | ) edition.cnn.com time to read: +14 min

“It’s both persuading and mobilizing at the same time – really until the end,” said Dan Kanninen, battleground director for the Harris campaign. In Pennsylvania, Harris lacks a key element of Biden’s appeal: The Catholic, working-class son of Scranton had local and cultural ties to the state. Vice President Kamala Harris speaks at a campaign event in Washington Crossing, Pennsylvania, on October 16, 2024. “Kamala is for they/them,” a Trump campaign ad declares. But he said it was clear to him that the Harris campaign has learned lessons from 2016.

Persons: Milwaukee CNN — Kamala Harris, Donald Trump’s, lockstep –, Harris, Trump, “, Gretchen Whitmer, Brian Schimming, I’ll, ” Schimming, ” Harris, ”, Liz Cheney, It’s, –, Dan Kanninen, Donald Trump, ” Kanninen, Joe Biden, – Whitmer, Tony Evers, Josh Shapiro, Pennsylvania –, “ We’re, ” Evers, Whitmer, Evers, ” Whitmer, Sarah Kloepping, Michael Dukakis, George H.W, Bush, Gerald Ford, Jimmy Carter, “ It’s, they’ve, Barry Burden, Biden, ” Biden, Barack Obama, Kamala, Harris ’, Tim Walz, Walz, Let’s, Howard Stern, Kamala Harris, Evelyn Hockstein, outspending, “ Kamala, Jill Stein, Stein, Robert F, Kennedy Jr, Kennedy, “ She’s, Christine Fink, Fink, “ I’ve, Phil Swanhorst, “ Trump, Clinton, ” Swanhorst, ” CNN’s David Wright Organizations: Milwaukee CNN, CNN, Wisconsin Republican Party, GOP, Democratic, Republicans, Wyoming, Trump ., Pennsylvania, “, ” Michigan, USA, Elections Research, University of Wisconsin -, Philadelphia Democrats ’, International Brotherhood of Teamsters, International Association of Fire Fighters, Democrats, Republican, Trump, Keystone State, Michigan, Green Party, Cornel West, Democratic National Committee, ”, Libertarian Party, Democratic Party Locations: Wisconsin , Michigan, Pennsylvania, Lakes, lockstep, Michigan, Wisconsin, Harris, Bucks County , Pennsylvania, Bucks County, Oakland County , Michigan, Waukesha County , Wisconsin, Arizona , Georgia, Nevada, North Carolina, Tony Evers of Wisconsin, Hudson , Wisconsin, Green Bay , Wisconsin, University of Wisconsin - Madison, Scranton, ”, Dearborn, Gaza, Detroit, Minnesota, Washington Crossing , Pennsylvania, Georgia , North Carolina, Arizona, Trump, Eau Claire, Ireland, Hillary, Eau Claire County

☆ We're bending our investment rules and starting positions in 2 of our Bullpen stocks
▼ + stars: | 2024-10-16 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

We're initiating positions for Jim Cramer's Charitable Trust in BlackRock and CrowdStrike . BlackRock is the world's largest asset management manager and leading provider of investment, advisor, and risk management solutions. There's a good whitepaper on CrowdStrike's website published by IDC that explains the value of the CrowdStrike Falcon XDR platform. It was a major blow for a cybersecurity company, especially one with a pristine reputation. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer's, CrowdStrike, Larry Fink, Fink, George Kurtz, Jim, Satya Nadella, They've, Jim Cramer Organizations: BLK, CRWD, BlackRock, Trust, Investing, Retail, Blackrock, Global Infrastructure Partners, Management, Money, We're, IDC, Falcon, Microsoft, Palo Alto Networks, Alto Networks, SEC, CNBC Locations: BlackRock, CrowdStrike, Blackrock, Palo, Cybersecurity, We're

☆ What happened Friday hasn't happened in ages. It bodes well for earnings
▼ + stars: | 2024-10-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

Getting ready for the "two problematic stories," Wells Fargo and JPMorgan , which came later in the morning, took some real digging. ET – Wells Fargo shares turned and started inching up. With what you saw in Wells Fargo and JP Morgan on Friday. Think like this: When the psychology of the market changes, people don't want to bang out of Wells Fargo, they want to get in. But there is no doubt that Wells Fargo at 11 times forward earnings now seems a little silly given that the background is so positive.

Persons: Larry Fink, Wells, Wells Fargo, Charlie Scharf, Jamie Dimon, Jeff Marks, JP Morgan, Scharf, It's, Warren Buffett, Morgan Stanley, Eli Lilly, haven't, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: BlackRock, JPMorgan, Wall, Club, Wells Fargo, Elon, SpaceX, Federal, New York Stock Exchange, Fed, Bank of America, Boston, Walmart, Costco, Semiconductors, Enterprise, JFrog, Microsoft, –, Dow, Jim Cramer's Charitable, CNBC Locations: Wells Fargo, NII, U.S

☆ We're adding a new Bullpen stock, and it's a financial Cramer has had his eye on
▼ + stars: | 2024-10-11 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

Jim Cramer has been considering a potential investment in BlackRock, the world's largest asset manager, and we're now adding it to our Bullpen stocks-to-watch list. In addition to BlackRock, Club name Wells Fargo was among the companies that delivered strong results. Jim Cramer said Friday he knows the stock has run a lot, "but that doesn't mean it can't run more." 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 .

Persons: Jim Cramer, We've, Larry Fink, Fink, Wells Fargo, Morgan Stanley, It's, Jim, Wells, Jim Cramer's, Michael M Organizations: BlackRock, Management, CNBC, Global Infrastructure Partners, Federal Reserve, Club, New York Times, Santiago, Getty Locations: BlackRock, New York City

☆ BlackRock CEO Larry Fink: Firm is positioned to take advantage of growing capital markets worldwide
▼ + stars: | 2024-10-11 | 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: Firm is positioned to take advantage of growing capital markets worldwideLarry Fink, BlackRock CEO and chairman, joins CNBC's 'Squawk on the Street' to discuss his firm's third-quarter earnings beat, how the growth of capital markets is driving its strategy, and more.

Persons: Larry Fink Organizations: BlackRock

☆ BlackRock brought in more money last quarter than ever before. Here's where the $11.5 trillion asset manager hopes to become the industry leader next.
▼ + stars: | 2024-10-11 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +4 min

The world's largest asset manager, though, is focused on growing its private markets business. Now, the $11.5 trillion behemoth wants to put high-fee private market strategies in your portfolio. "This is a meaningful accelerant to our private markets capabilities," he said. Comparatively, retail allocation to the private markets is in the "low-single digits," according to Small, giving BlackRock another territory to expand into. "We've never shied away from taking big bets," Fink said, and private market strategies are the latest roll of the dice.

Persons: BlackRock, —, Martin Small, We're, Larry Fink, Fink, " Fink, We've Organizations: Service, BlackRock, Global Infrastructure Partners

☆ Jim Cramer recaps his conversation with Blackrock CEO Larry Fink
▼ + stars: | 2024-10-11 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer recaps his conversation with Blackrock CEO Larry Fink'Mad Money' host Jim Cramer recaps his conversation with Blackrock Chairman and CEO Larry Fink.

Persons: Jim Cramer, Larry Fink Organizations: Blackrock

☆ BlackRock's CEO says China is the biggest supporter of Russia's economy amidst the Ukraine war
▼ + stars: | 2024-10-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Larry Fink says China is the biggest, fundamental supporter of Russia's economy. AdvertisementChina is Russia's biggest war backer, BlackRock chairman and CEO Larry Fink said on Tuesday. "Russia's biggest supporter and fundamental supporter of the Russian economy is China. "We have businesses in China, I'm sure everybody here has some businesses in China," Fink said. In July, Finland's President Alexander Stubb told Bloomberg in an interview that Russia's reliance on China means the Asian giant could end the Ukraine war if it wanted to.

Persons: Larry Fink, Fink, " Fink, China's, —, there's, hasn't, William J, Burns, Alexander Stubb, Xi Jinping, Stubb Organizations: BlackRock, Service, Berlin Global, Bloomberg, Business Insider, CIA, Foreign Affairs Locations: China, Russia, Russia's, Ukraine, BlackRock

☆ UK PM Keir Starmer touts pro-business agenda as he woos top Wall Street CEOs
▼ + stars: | 2024-09-27 | by ( Jacqueline Corba | ) www.cnbc.com time to read: +1 min

The United Kingdom is pursuing investment from America's biggest banks and tech giants, as the country looks to infuse growth in its stagnant economy. "We now have a Labour government whose number one priority is wealth creation," U.K. Prime Minister Keir Starmer told CNBC's Andrew Ross Sorkin in an exclusive broadcast interview Thursday. "We are a Labour party that is proud to say we are pro business just as much as we are pro worker." In July, Starmer became the first leader from the center-left Labour party to win a U.K. national election since Tony Blair — ending 14 years of Conservative rule. This week, Blackstone committed to investing $13 billion to build a data center in the northeast of England.

Persons: Keir Starmer, CNBC's Andrew Ross Sorkin, Starmer, Tony Blair —, Brian Moynihan, Jane Fraser, Larry Fink, Brad Smith, Jonathan Gray, Blackstone Organizations: Labour, Conservative, United Nations General Assembly, Bank of America, Citi, BlackRock, Microsoft, Blackstone Locations: Kingdom, New York City, England, Europe

☆ Jamie Dimon says he likes Elon Musk's idea to start a DOGE, or Department of Government Efficiency
▼ + stars: | 2024-09-25 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewJPMorgan Chase CEO Jamie Dimon says he approves of Elon Musk's proposal to create a new department of government efficiency — or, in Musk's words, DOGE. "Ok, so — Elon, this idea about having an efficiency commission, I actually like the idea," Dimon said in an interview with CNBC-TV18, which aired on Tuesday. This story is available exclusively to Business Insider subscribers. AdvertisementDuring the CNBC interview, Dimon said that at the moment, he will not endorse Trump or his opponent, Vice President Kamala Harris, for the presidency. Musk, representatives of Trump and JPMorgan Chase didn't immediately respond to a request for comment from Business Insider, sent outside business hours.

Persons: —, Jamie Dimon, Tesla, Donald Trump's, — Elon, Dimon, Al Gore, Musk, Trump, Kamala Harris, Larry Fink, he's, JPMorgan Chase didn't Organizations: Service, Chase, Elon, Trump, CNBC, TV18, Business, Reinventing Government, Economic, of New, Reuters, Bloomberg, Treasury, JPMorgan Locations: of New York

☆ Japanese stocks are solid buy on dips even if there is volatility: Nikko Asset Management
▼ + stars: | 2024-09-25 | 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 EmailJapanese stocks are solid buy on dips even if there is volatility: Nikko Asset ManagementNaomi Fink of Nikko Asset Management says that the volatility in the Japanese stock market is a self-fulfilling prophecy and explains why she is positive on them in general.

Persons: Management Naomi Fink Organizations: Management, Nikko Asset Management Locations: Nikko

☆ German firms facing softer environment, Goldman Sachs Europe CEO says
▼ + stars: | 2024-09-24 | 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 EmailGerman firms facing softer environment, Goldman Sachs Europe CEO saysGoldman Sachs Europe CEO Wolfgang Fink says German firms have a strong base despite challenges facing the country's economy.

Persons: Goldman Sachs, Wolfgang Fink

The NYPD on Friday released body-worn camera footage from a weekend shooting at a Brooklyn subway station that started as a confrontation between police and an apparent fare-beater who they have said charged at officers with a knife. According to police and surveillance video from the station, Mickles jumped a turnstile at the subway station just after 3 p.m. Sunday, right in front of two officers. When a train pulls into the station, Mickles backs onto it once the doors open. All shots were fired by NYPD officers, authorities have said. “There was no need for any bullets to fly in the subway station, especially in a setting where the officers put innocent bystanders at risk.

Persons: Gregory Delpeche, Mickles, Jonathan Fink, ”, Fink, “, ’, Bystander’s, Nick Liakas, Gregory, ” Liakas, Derell Mickles “, Tasers, Thomas Donlon, John Chell, Loyda Colon, Chris Banks, Eric Adams, ” Adams, Mickles “ Organizations: Woodhull Hospital, NYPD, ” Police, Communities United, Police Reform, New, York City, “ Police Locations: Brooklyn, Brownsville, New York City, York

While both numbers were more than any other nation, it was a slight step back by supremely high U.S. standards. No American man had won an individual gold this meet until Finke set his world mark. “The whole ‘the men’s team hasn’t won an individual gold medal’ [narrative] was in the back of my mind,” he told reporters. The U.S. team of Ryan Murphy, Nic Fink, Caeleb Dressel and Hunter Armstrong took silver and France the bronze. “The wealth is just getting spread around, we’re not getting any worse,” said Dressel, who took home two golds and a silver from these Games.

Persons: Bobby Finke, Finke, hasn’t, ”, “, Regan Smith, Lilly King, Gretchen Walsh, Torri Huske, Ryan Murphy, Nic Fink, Caeleb Dressel, Hunter Armstrong, Dressel, we’re Organizations: Paris La Défense, U.S Locations: NANTERRE, France, U.S, Tokyo, Rio, London, Beijing, Athens, Sydney, Florida, Moscow, United States, China, Australia, Italy

☆ What to watch at Olympics today: Simone Biles is back, LeBron James and Team USA face Serbia
▼ + stars: | 2024-07-28 | by ( Alex Andrejev | ) www.nytimes.com time to read: +8 min

Later, the U.S. men’s basketball team, led by LeBron James, plays Serbia and Nikola Jokić in a matchup of top NBA talent. (Russia — the defending champion in both the men’s and women’s team all-around — is banned from participating in team sports at the Paris Olympics.) The women’s team final is set for 12:15 p.m. One more thing: Durant — a three-time Olympic gold medalist — might finally play after a calf injury sidelined him through the team’s summer exhibitions. The U.S. women’s team wraps up group play with Australia on Wednesday.

Persons: Simone Biles, LeBron James, Nikola Jokić, Biles, Peacock, Sunisa Lee, Jade Carey, Jordan Chiles, Hezly Rivera, you’ve, James, Stephen Curry, Kevin Durant, Jokić, Bogdan Bogdanović, Durant —, —, Trinity Rodman, Valery Hache, Hayes, Michael Phelps ’, Léon Marchand, Michael Phelps, ” Marchand, Phelps ’, Frenchman, — Gretchen Walsh, Qin Haiyang, Adam Peaty, United States ’ Nic Fink, Gretchen Walsh, Caroline Marks, Carissa Moore, John John Florence, hird, aris G ames, adal, aris O lympics Organizations: NBA, NBC, Tokyo, Paris Games, Paris, Olympics, Olympic, U.S ., Bercy Arena, Atlanta Hawks, Serbia, South Sudan, Trinity, Getty, Telemundo, Peacock, U.S, United, Tokyo Games, Australia, Paris La Défense, aris, aris O, aker Locations: France, U.S, Serbia, Germany, Tahiti, Paris, United States, Russia, —, China, Italy, AFP, Zambia, Australia, Spain, Brazil, Japan, Nigeria, Hawaii, Caroline Marks

☆ Trump says he 'doesn't know who' brought up adding Jamie Dimon to his Cabinet. It was Trump.
▼ + stars: | 2024-07-23 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Trump says he's never considered Jamie Dimon for the role of Treasury Secretary in his cabinet. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump says he has no idea who suggested JPMorgan Chase CEO Jamie Dimon for the role of his Treasury Secretary. It was Trump himself who brought it up just a month ago.

Persons: Trump, he's, Jamie Dimon, he'd, —, Donald Trump, Larry Fink Organizations: Trump, GOP, JPMorgan Chase, Service, Treasury, Business

☆ Trump said he’d consider Jamie Dimon for Treasury secretary but now says he doesn’t know who said that
▼ + stars: | 2024-07-23 | by ( Kate Sullivan | ) edition.cnn.com time to read: +1 min

CNN —Former President Donald Trump said in a recent interview he would consider nominating JPMorgan Chase CEO Jamie Dimon as Treasury Secretary, but on Tuesday said he doesn’t know who said that or where that came from. In an interview with Bloomberg Businessweek published earlier this month, Trump said, “I have a lot of respect for Jamie Dimon.” He was then asked whether Dimon might be a future Trump administration Treasury secretary. Trump’s comments on Dimon in the Bloomberg interview were a sharp departure from his previous posture on the JPMorgan chief executive. Trump bashed Dimon in November as a “Highly overrated Globalist” in a Truth Social Post after Dimon praised Nikki Haley, who was at the time still running for president in the GOP primary. But Dimon then said earlier this year he thought Trump was right about key issues and that bashing his “Make America Great Again” movement would hurt President Joe Biden.

Persons: Donald Trump, Jamie Dimon, doesn’t, Trump, “, ” Trump, Larry Fink, Fink, Trump’s, Dimon, Nikki Haley, Joe Biden Organizations: CNN, JPMorgan Chase, Bloomberg Businessweek, Treasury, Bloomberg, BlackRock, JPMorgan, Dimon, GOP

☆ Companies failed to solve injustice and now they are giving up on the era of activism
▼ + stars: | 2024-07-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —Corporate America gave social activism a go. And sales of Bud Light have taken a hit ever since. Bud Light didn’t handle fallout well — it capitulated to the angry mob and dropped Mulvaney even as she faced a barrage of threats. It caught fire as right-wing media fueled the swirl of negativity around Bud Light, framing it as “wokeism” gone amok. On Thursday, the Guardian reported that the Bud Light boycott was fueled in part by the right-wing activist Leonard Leo.

Persons: CNN Business ’, Bud Light, America John Deere, Kara Swisher, ” Let’s, George Floyd, ” —, Larry Fink, We’d, Reagan, That’s, Disney’s, Bob Chapek, Ron DeSantis, influencer Dylan Mulvaney, ”, Bud, Leonard Leo, Leo Organizations: CNN Business, New York CNN — Corporate America, Tractor, Pride, CNN, BlackRock, Business, Corporate America, Florida’s Republican Gov, Guardian, Bud Light, Anheuser, Busch, Federalist Society, America Locations: New York, America

☆ Spotify Pushes Your Favorite Artists to Favor Quantity Over Quality
▼ + stars: | 2024-07-18 | by ( Dan Whateley | ) www.businessinsider.com time to read: +10 min

"It's a very momentum-driven market," said Ben Klein, the cofounder at the record label and music-marketing firm Hundred Days. Still, for some artists, albums can be a useful tool for marketing, streaming economics, and nourishing their biggest fans. "If you're capturing all of your fans and the fans are streaming 10 songs or they're streaming 30 songs, it actually makes a big difference on charting and streaming revenue." AdvertisementOf course, writing lots of quality songs for an album is easier said than done. And some artists are wary of letting social-media strategies or streaming incentives bleed into the creative process.

Persons: Charli XCX, cheekily, Taylor Swift, Nima Nasseri, Morgan Wallen's, Beyoncé, Cowboy Carter, Swift, Nathan Hubbard, Billie Eilish, Ben Klein, superfans, David O'Connor, Z, Steve Jobs, Robert Fink, Charlie Green, YouTuber, Taylor Lindsey, Brian Zisook, Audrey Benoualid, Myman Greenspan, Ariana Grande, Tate McRae, Judah, Judah Akers, Superfans, Marie Clausen, Akers, Dan Whateley Organizations: Universal Music Group, Poets Department, Nation Entertainment, Napster, iTunes, Herb Alpert School of Music, Sony Music Nashville, Lion, RIAA, Business

☆ CNBC Daily Open: Trump attends RNC, Dow record close, bitcoin 'digital gold
▼ + stars: | 2024-07-16 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow record highThe Dow Jones Industrial Average closed at an all-time high after former President Donald Trump survived an assassination attempt. Trump lauded at RNCFormer President Donald Trump was cheered and celebrated at the Republican National Convention in Milwaukee, his first appearance since an assassination attempt at a Pennsylvania rally. [PRO] 'Super 8'UBS has updated its "Super 8" list of top Asian tech stocks, seen as alternatives to the US "Magnificent Seven."

Persons: Donald Trump, Russell, Jerome Powell, Trump, JD Vance, Ohio, Elon Musk, Powell, you've, Larry Fink, Fink, bitcoin, CNBC's, Donald Trump's Organizations: CNBC, Dow, Dow Jones, Nasdaq, Treasury, Federal, RNC, Republican National Convention, Sporting, Trump, BlackRock, CSI, Nikkei, UBS Locations: U.S, Milwaukee, Pennsylvania, Asia, Pacific, China, Hong

☆ Team USA has owned the Olympic swimming pool — is that about to change in Paris?
▼ + stars: | 2024-07-16 | by ( Nicole Auerbach | ) www.nytimes.com time to read: +9 min

Its anthem played, over and over again, as the Americans received their gold medals atop the podium. AdvertisementU.S. swimmers have won the overall medal count and the gold medal count so often over the years that it almost has been taken for granted. Heading into the Paris Games, the Australians will be favored to win the most gold medals in the pool. Of the nine swimmers who won multiple individual gold medals, Katie Ledecky was the only American swimmer to do so. Still, USA Swimming president and CEO Tim Hinchey III has said the organization’s goal is to win the total medal count and the gold medal count.

Persons: Michael Phelps, wasn’t, Todd DeSorbo, we’ve, —, ”, Cate Campbell, ” Campbell, Katie Ledecky, Bob Bowman, Caeleb Dressel, Simone Manuel, Sarah Stier, Campbell, Phelps, he’d, we’ll, ” Phelps, Mollie O’Callaghan, Dressel, he’s, Bobby Finke, Ryan Murphy, Gretchen Walsh, Regan Smith, Kate Douglass, Walsh, Smith, Kaylee McKeown, Maggie Mac Neil, Summer McIntosh, Zhang Yufei, Douglass, McIntosh, McKeown, Alex Walsh, breaststroker Lilly King, Katie Grimes, breaststrokers Nic Fink, Matt Fallon, Carson Foster, Frenchman, Léon Marchand, Ryan Lochte, Ledecky, Lochte, Tim Hinchey, ” DeSorbo, “ We’re, Dan Goldfarb, Tom Pennington, Al Bello Organizations: Paris Games, Team USA, ” Count, “, Australia’s, NBC, Ledecky, Games Locations: Barcelona, Tokyo, United States, East Germany, Fukuoka, Japan, Paris, U.S, “ Australia, China, Britain, Rio de Janeiro, Ledecky, USA, Croatia

☆ CNBC Daily Open: Trump picks VP, Dow record close, bitcoin 'digital gold'
▼ + stars: | 2024-07-16 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Record highThe Dow Jones Industrial Average closed at an all-time high after former President Donald Trump survived an assassination attempt. Trump's VP pickDonald Trump has chosen Senator JD Vance of Ohio as his vice presidential running mate for the 2024 election. Fed may not waitPowell said the central bank will not wait until inflation reaches its 2% target to cut interest rates. Fink believes bitcoin can offer uncorrelated returns and act as a hedge against currency debasement caused by excessive deficits.

Persons: Donald Trump, Russell, Jerome Powell, Trump's, JD Vance, Ohio, Trump, Vance, Biden, Powell, you've, Larry Fink, Fink, bitcoin, CNBC's, Goldman, Goldman Sachs, Denis Coleman, Colin Langan Organizations: CNBC, Dow Jones, Nasdaq, Treasury, Federal, Truth, Trump, Republican, BlackRock, Goldman, JPMorgan, Citigroup, Wall Locations: U.S, Wells

☆ BlackRock CEO Larry Fink: I believe bitcoin is a legit financial instrument
▼ + stars: | 2024-07-15 | 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: I believe bitcoin is a legit financial instrumentBlackRock chairman and CEO Larry Fink joins 'Squawk on the Street' to discuss the company's quarterly earnings results, economic outlook, his thoughts on the assassination attempt of former President Trump, investing landscape, capital markets, state of crypto, and more.

Persons: Larry Fink, Trump

☆ BlackRock's ETF business just keeps growing, but the search for revenue goes on
▼ + stars: | 2024-07-15 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Doing a sum-of-the-parts analysis of Blackrock's ETF business would be a difficult endeavor, but certainly revenue, assets under management (AUM), and growth potential are important factors. So the iShares ETF revenue was about a third of Blackrock's revenue, and Warren said that segment is still growing. By any metric, Blackrock's ETF business just keeps getting more valuable. The entire ETF business is growingBlackrock's ETF business is a gold mine, but total AUM for the entire ETF business now a bit over $9 trillion, which means Blackrock and a few rivals control a staggering amount of ETF investment dollars. The search for new revenue is endlessThe ETF business is still raking in money, but there is tremendous fee pressure across the entire ETF universe, so the search for more revenue goes on.

Persons: Larry Fink, Greggory Warren, Warren, Schwab, Fink, " Fink Organizations: BlackRock, Barclays, Morningstar, Blackrock, Investors Locations: BlackRock, Manhattan, New York City, Blackrock, United States, London, Canada, U.S

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