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☆ Ether ETFs officially begin trading in U.S., with funds from BlackRock, Grayscale and more
▼ + stars: | 2024-07-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Ether ETFs officially began trading in the U.S. on Tuesday, putting the world's second largest crypto currency in a vehicle favored by many professional investors and advisors. The new funds come from traditional fund issuers like BlackRock and Fidelity and crypto-specific companies such as Grayscale, marking another step in the increased integration of digital assets into mainstream finance. The ether ETFs are widely expected to be smaller than the bitcoin funds, both because of the relative size of the two markets and the fact that ether may not be as familiar to many investors. The ether ETFs also do not offer staking, which is a process that can give crypto-native investors additional yield. Both the cheapest and most expensive funds come from Grayscale, which is effectively converting its multi-billion dollar private ether fund into two ETFs with different price points.

Persons: Jay Jacobs, Sam Callahan Organizations: Fidelity, Swan Locations: U.S, BlackRock

☆ Ether ETFs officially begin trading in the U.S.
▼ + stars: | 2024-07-23 | 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 EmailEther ETFs officially begin trading in the U.S.Samara Cohen, BlackRock ETF & Index Investments CIO, joins 'Squawk on the Street' to discuss whether the current ETFs are tracking Ether, any sense of the size of interest this new product can attract, and if this product will attract customers who are curious about Ether.

Persons: Samara Cohen Organizations: BlackRock, Index Locations: U.S

☆ 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

☆ Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds
▼ + stars: | 2024-07-22 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The U.S. Securities and Exchange Commission appears to have given the green light for exchange-traded funds that hold ether , the world's second-largest cryptocurrency. It approved rule changes for exchanges to list ether funds in May. Some of the companies that have been vying to launch ether funds include massive asset managers such as BlackRock, Fidelity and VanEck. The ether ETFs come about six months after the launch of bitcoin ETFs, which saw some of the most successful debuts in the industry's history. The ether funds are not expected to be as popular as the bitcoin funds, in part because the total market for ether is roughly one-fourth the size of the leading cryptocurrencies.

Persons: Matt Hougan, doesn't, Hougan Organizations: U.S . Securities, Exchange Commission, SEC, Fidelity, VanEck, Trust, ETF, Bitwise Locations: BlackRock, U.S

☆ Death of Hedge Fund Stars: Wall Street, Stock Market Titans Are Gone
▼ + stars: | 2024-07-21 | by ( Linette Lopez | ) www.businessinsider.com time to read: +15 min

Take activist hedge funds, which buy up a percentage of a company's stock (or an asset) and then use their weight to push for operational changes. Or there would be a fun, splashy war between the hedge fund and the C-suite. Hedge funds rely on outperforming the market when times are hard and it's easier to find pockets of outperformance and exploit them. Of course, hedge funds are having a hard time coming up with a crew because the clients have changed too. Advertisement"At the end of the 1960s, the bubble burst, and everyone thought, 'That's the end of hedge funds,'" Mallaby said.

Persons: David Tepper, Anthony Scaramucci, Lenny Kravitz, lanyards, Bobby Jain, Goldman Sachs, Denise Shull, Charles Lemonides, ValueWorks, Saba Capital's Boaz Weinstein, BlackRock, Nelson Peltz, Bob Iger, Paul Singer's Elliott, —, Elliott, Meir Statman, Statman, I'm, That's, Paris, Marc Jacobs, they've, they're, Sebastian Mallaby, Julian Robertson, Julian, Mallaby, Lemonides, wonky quants, Keith Gill, David Einhorn, Andrew Left, bro Organizations: Appaloosa Management, Carolina Panthers, Bellagio, Millennium Management, Credit Suisse, Jain, Disney, Paul Singer's Elliott Management, Santa Clara University, Behavioral Finance, New, Tiger Management, Met, rockstar, Ferrari, Greenlight, Harvard, Princeton grad, Research Locations: Vegas , New York City, Singapore, Argentine

☆ This ‘once in a generation’ £1.5 million Scottish cottage is up for sale. But there’s one key quirk
▼ + stars: | 2024-07-21 | by ( Jack Bantock | ) edition.cnn.com time to read: +3 min

For the golf fanatics of the world, it could soon all be yours – so long as you have a spare £1.5 million ($1.93 million) to part with. “The sale of Blackrock House is one of those rare times where you can safely say there isn’t anything else like this available in the world,” Strutt and Parker selling agent Annabel Blackett told CNN via email. Spectators walk past Blackrock House and its "for sale" sign. It would be another 45 years before the course hosted its first Open Championship, with this week marking its 10th time staging the major. “This will be a bittersweet Open for us,” Andrew Kelly told the Associated Press ahead of this week’s tournament.

Persons: Woods, Viewings, Strutt, Parker, “, ” Strutt, Annabel Blackett, Jon Super, Arnold Palmer, Tom Watson, ” Blackett, Jason Cairnduff, David, Isabel Kelly, Andrew, John, Sweden’s Henrik Stenson, Phil Mickelson, ” Andrew Kelly, ” Organizations: CNN, Blackrock House, Royal Troon, –, Troon, Associated Press Locations: Blackrock, Firth, Clyde, Isle, Arran, South Ayrshire, Scotland, ”

☆ Corporate Workers Get a Snow Day in July Because of Outage
▼ + stars: | 2024-07-19 | by ( Emma Goldberg | ) www.nytimes.com time to read: +1 min

For millions of people, the global technology outage on Friday was a source of distress. But for a small group of corporate workers, the global outage brought a welcome kind of chaos: a snow day in the middle of July. Some workers affected by the outage shared images of their computers on social media captioned “happy international blue screen day,” referencing the error messages that overtook screens during the outage. On TikTok, users posted about clocking in only to find “the blue screen of death” (or hoping they would, for an extra day off). JPMorgan, Bank of America and BlackRock were among the large financial firms affected.

Persons: Ferris Organizations: Hospitals, Fortune, JPMorgan, Bank of America, BlackRock Locations: cubicles

Best Investing Apps of 2024Top Investing Apps of 2024The best investment apps help you achieve wealth-building goals while diversifying your portfolio and providing the accessibility and convenience of mobile trading for the everyday investor. Here are the best investment apps available to traders, as chosen by Business Insider's editors in 2024. Best Investing App OverallE*TRADE is a one-stop shop for investing and the overall best app. Betterment reviewBest Investing App for MobileAs one of the best stock trading apps for beginners, Acorns Invest is the best investing app for mobile traders seeking automated trading strategies and customized ETF portfolios. Best Investment Apps FAQsWhat is the best app to start investing on?

Persons: you'll, Vanguard's, Wealthfront, you've, Charles Schwab, we've, Brian Fry, Charlotte Geletka, Kaysian Gordon Organizations: Business, Mobile, Finance, M1 Finance, M1, IRA, Vanguard, Stock Market ETF, Bond, Blackrock, Invest, Chevron, SoFi Invest, Fidelity, Apple

☆ 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

☆ AI stocks look promising long-term, but may be overvalued now, investing experts say
▼ + stars: | 2024-07-16 | by ( Ryan Ermey | ) www.cnbc.com time to read: +1 min

Just about everyone in the investing world, it seems, is bullish on artificial intelligence over the long term. In a recent note, researchers from the BlackRock Investment Institute said AI could usher in a transformation on par with the Industrial Revolution. Chipmaker Nvidia, seen as the leading player in the AI revolution, is up more than 175% over the past 12 months. All told, companies in the tech and communication services sectors — the ones investing most heavily in AI — make up about 44% of the S&P 500. "I don't think anyone would tell you that AI is not a generational investment theme," he says.

Persons: Goldman Sachs, —, Christopher R, Jackson Organizations: Tech, BlackRock Investment Institute, Nvidia, UBS Wealth Management Locations: BlackRock

☆ 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

☆ 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

☆ Watch CNBC’s full interview with BlackRock’s Rick Rieder
▼ + 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 EmailWatch CNBC’s full interview with BlackRock’s Rick RiederRick Rieder, BlackRock CIO of global fixed income, joins 'Closing Bell' to discuss the next move for the Fed, the implications of recent CPI data, and more.

Persons: BlackRock’s Rick Rieder Rick Rieder Organizations: BlackRock, Fed

☆ BlackRock pulls commercial that included Trump rally shooter
▼ + stars: | 2024-07-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Investment giant BlackRock is pulling an ad that included Thomas Crooks, the gunman who shot at Donald Trump, injuring the former president and killing an attendee at a rally near Pittsburgh on Saturday. “In 2022, we ran an ad featuring a teacher from Bethel Park High School, in which several unpaid students briefly appeared in the background, including Thomas Matthew Crooks,” a spokesperson for the company said Sunday. BlackRock said the assassination attempt on former President Trump was “abhorrent” and is “thankful” that he wasn’t seriously injured. BlackRock is a major investor in gun companies, including Sturm Ruger and American Outdoor Brand, the owner of Smith & Wesson. In quarterly earnings reported Monday, the world’s largest money manager said its assets under management had swollen to a record $10.6 trillion.

Persons: Thomas Crooks, Donald Trump, “, Thomas Matthew Crooks, ”, Crooks, BlackRock, Trump, wasn’t, Sturm Ruger Organizations: New, New York CNN — Investment, Bethel Park High School, BlackRock, Brand, Smith & Wesson Locations: New York, Pittsburgh, Bethel

☆ BlackRock says the Trump rally shooter appeared in one of its 2022 ads filmed at Bethel Park High School
▼ + stars: | 2024-07-15 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

The Trump rally shooter featured briefly in a BlackRock ad from 2022, the company said. Thomas Matthew Crooks "appeared in the background" during the ad and was not paid, per BlackRock. Crooks can be seen in a 30-second ad focusing on an AP Economics teacher in Bethel Park High School. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBlackRock, the world's largest money manager, said on Sunday that it had removed one of its ads from 2022 that featured Thomas Matthew Crooks, the 20-year-old identified by authorities as the man who shot and injured former President Donald Trump.

Persons: Thomas Matthew Crooks, Crooks, —, Donald Trump Organizations: Trump, AP, Bethel Park High, Service, Bloomberg, Reuters, Business Locations: BlackRock, Bethel

☆ Looser regulation would allow business-led growth to relieve the 'massive' deficit burden, BlackRock chief Larry Fink says
▼ + stars: | 2024-07-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The US needs to ease business regulation to escape rising deficit trend, Larry Fink said. He told CNBC that Washington's "massive, massive spends" are unaffordable. AdvertisementThe US can't hope to escape its rising debt problem if the private sector is overburdened by regulatory red tape, Larry Fink said on CNBC. "And we're going to be really putting on the backs of our children, our grandchildren, a real burden of these massive, massive spends that we can't afford." With the election less than four months away, neither candidate has so far offered a solution to the rising deficit, and observers see both candidates adding to it over the next four years.

Persons: Larry Fink, —, Fink, Donald Trump, Joe Biden, Biden, Trump Organizations: CNBC, Service, BlackRock, Treasury Department, Congressional, Trump, House

☆ BlackRock’s Rick Rieder: Inflation is durably lower and growth is moderating
▼ + 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’s Rick Rieder: Inflation is durably lower and growth is moderatingRick Rieder, BlackRock CIO of global fixed income, joins 'Closing Bell' to discuss the next move for the Fed, the implications of recent CPI data, and more.

Persons: Rick Rieder Organizations: BlackRock, Fed

☆ Stocks making the biggest moves premarket: Trump Media & Technology, Apple, Super Micro Computer and more
▼ + stars: | 2024-07-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Goldman Sachs — Shares slipped less than 1% after the bank posted a second-quarter earnings beat . Crypto stocks — Shares of bitcoin miners and cryptocurrency stocks rose as bitcoin and Ethereum popped more than 4%. Tesla — The electric vehicle stock rose 4%, building on a more than 25% gain so far this month. BlackRock — Shares rose 1.2%. The world's largest asset manager posted second-quarter adjusted earnings per share of $10.36, exceeding the LSEG consensus estimate of $9.93.

Persons: Donald Trump, Goldman Sachs, Goldman, LSEG, Coinbase, Tesla, AutoNation, Morgan Stanley, Baxter, — CNBC's Lisa Han, Hakyung Kim, Sarah Min, Jesse Pound, Pia Singh Organizations: Trump Media & Technology, Trump, Apple, Bloomberg News, Micro Computer, Walgreens, Alliance, Marathon, Technologies, Sunnova Energy, Energy, Stelco Holdings, CDK, Baxter Locations: India, Cleveland, BlackRock

☆ 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 CEO Larry Fink: We need unfettered businesses & growth from the private sector
▼ + 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: We need unfettered businesses & growth from the private sectorBlackRock 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 Organizations: BlackRock

☆ 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

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackRock CEO Larry Fink 'major believer' there's role for bitcoin in portfolios: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jason Hogg, former FBI special agent and founder of Matunuck Group, discusses the rise in crypto ATM scams.

Persons: Larry Fink, explainers, Jason Hogg Organizations: CNBC Crypto, CNBC, FBI, Matunuck

☆ Watch CNBC's full interview with BlackRock chairman and CEO Larry Fink
▼ + 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 EmailWatch CNBC's full interview with BlackRock chairman and CEO Larry FinkBlackRock 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 BlackRock, Larry Fink, Trump Organizations: BlackRock

☆ BlackRock's Larry Fink says he's a 'major believer' in bitcoin, is worried about government deficits
▼ + stars: | 2024-07-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

BlackRock CEO Larry Fink told CNBC's " Squawk on the Street " that he sees a future for bitcoin after previously being a " proud skeptic " of the cryptocurrency. "I'm a major believer that there's a role for bitcoin in portfolios," Fink said Monday, calling it "digital gold." The firm's iShares Bitcoin Trust (IBIT) has raked in more than $18 billion since its launch in January, making it the biggest bitcoin exchange-traded fund. Fink said political risk and rising government debt are some of the reasons for investors to own bitcoin. Fink said even outside of bitcoin, he sees rising public spending as one of the biggest issues facing the world.

Persons: Bitcoin, Larry Fink, CNBC's, Fink, I'm, bitcoin Organizations: BlackRock, bitcoin, Nasdaq Locations: lockstep, bitcoin

Crooks lived in the Pittsburgh suburb of Bethel Park, about an hour’s drive south of the Trump rally where law enforcement officials say he fired at the former president. Crooks graduated from Bethel Park High School in 2022, according to a local media report and a video of the school’s graduation ceremony. Law enforcement descended on Crooks’ family home on a quiet street in Bethel Park on Saturday night. Explosive material was found in his residence, as well as in his car, law enforcement officials familiar with the investigation told CNN. Bethel Park is a predominantly white suburb that is wealthier than the surrounding Pittsburgh metro area.

Persons: Thomas Matthew Crooks, Crooks, Donald Trump, —, haven’t, Jason Kohler, Kohler, Sarah D’Angelo, ”, Trump, ” Crooks, –, “, Anna Moneymaker, Crooks ’, Matthew Crooks, Thomas Crooks, CNN Crooks, Marcie Grimm, ” Grimm, Dan Grzybek, Joe Biden, Grzybek, ” Grzybek, Andrew Bianco, you’d, ” Bianco, CNN’s Yahya Abou, Ghazala, Audrey Ash, Scott Glover, Allison Gordon, Holmes Lybrand, Sean Lyngaas Organizations: Bethel Park , Pennsylvania CNN, CNN, Republican, Democratic, Trump, Bethel Park High School, Secret, Commission, Progressive, Democrat, Secret Service, Bethel Park Skilled Nursing, Rehabilitation Center Locations: Bethel Park , Pennsylvania, Pittsburgh, Bethel Park, ”, Butler , Pennsylvania, Democratic, Allegheny County, Crooks ’, BlackRock, Bethel

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