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The Latest Breaking News from BlackRock

US Needs Trillions To Stay Ahead of China in AI Race — Blackrock CEO Points to Pensions and Retirement Savings

BlackRock's Larry Fink urges trillions in AI investment to keep US ahead, citing national security risks if China advances. His proposal to use retirement savings sparks social media uproar.

International Business Times UK

Jio BlackRock plans access to global BlackRock ETFs for Indian investors via GIFT City

Jio BlackRock is expanding beyond domestic mutual funds, planning to offer Indian investors access to global BlackRock ETFs via its GIFT City platform. CEO Sid Swaminathan highlighted the venture's aim to provide international exposure across various asset classes, likely through ETFs or fund-of-funds structures.

The Economic Times

Is AI coming for mundane workflows? Tech CEOs on proper AI use

The human brain is the only thing that can solve differential equations while running on pizza and chicken McNuggets, but LLM's can shave off costs on tedious and mundane tasks.

International Business Times

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BlackRock Stock: Is Wall Street Bullish or Bearish?

BlackRock has underperformed the broader market over the past year, yet analysts remain highly optimistic about the stock’s prospects.

Barchart

More than £52m reserved for social housing at risk after collapse of investment firms

Exclusive: 3,500 social homes could switch to private sector after companies run by Heylo Housing group go into administration

The Guardian - UK

Dear Future SpaceX (SPCX) Stock Fans, Mark Your Calendars for June 12

SpaceX has Wall Street clearing calendars as Musk prepares a potentially record-shattering IPO debut that could steal 2026’s spotlight.

Barchart

UzNIF debuts on London market in first international Uzbek IPO

The IPO generated more than $2.8 billion (€2.6bn) in investor demand and raised around $603 million (€540m). Officials at the London Stock Exchange described the listing as a landmark moment for Uzbekistan’s access to international capital markets.

Euronews

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Elon Musk, Tim Cook and other prominent US executives invited to join Trump on trip to China

President Donald Trump embarks on a trip to China this week to meet President Xi Jinping. Several prominent US executives from technology and agriculture sectors are joining the delegation. Discussions will focus on trade and artificial intelligence. Key figures include Elon Musk and Tim Cook. Other notable attendees represent major…

The Economic Times

Trump, Musk and Cook Unite for China Trip — And Markets Think Something Big Is Coming

Trump, Musk and Cook head to China for talks on trade and AI, with markets watching for major shifts in US-China economic relations.

International Business Times UK

US CEOs seek China business gains from Trump-Xi summit

American business leaders are heading to China for a summit with President Xi Jinping. They aim to resolve ongoing business challenges and secure new opportunities. Companies like Mastercard, Visa, Tesla, and BlackRock are seeking regulatory approvals and market access. The visit is seen as a political opening to accelerate discussions…

The Economic Times

Wall Street is abuzz about ‘tokenized assets’—but most activity is limited to a nascent ‘wrapper’ phase, report finds

A Pantera report said 78% of tokenized assets don’t capture the full potential of blockchain

Fortune

Supply chain cracks constrain AI boom

The Iran war threatens to squeeze the industrial inputs that chip manufacturers depend on.

Axios

Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account

Around four in 10 U.S. Gen Xers, and even some baby boomers, haven’t saved for retirement—as current retirees who didn’t save enough endure a “nightmare.”

Fortune

Iran war and Strait of Hormuz disruption drive Wall Street shift to 24/7 tokenised markets

Driven by the need to manage risk outside of traditional exchange hours and the desire for greater capital efficiency, major banks and hedge funds are moving towards "always-on" digital infrastructure.

Euronews

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Fortune

Goldman Sachs makes surprise jump into Bitcoin ETFs with a product one analyst dubs ‘boomer candy’

The filing from a major U.S. bank comes shortly after Morgan Stanley’s Bitcoin ETF launched.

Fortune

Palantir CEO says AI ‘will destroy’ humanities jobs, but there will be ‘more than enough jobs’ for people with vocational training

Alex Karp said he struggled to market his humanities skills to get his first job.

GOBankingRates

Robert Kiyosaki Just Warned Investors of What’s Coming for Stocks

In a post shared to X, the "Rich Dad Poor Dad" writer made it clear by repeating a warning he first issued in 2013's follow-up, "Rich Dad's Prophecy."

Barchart

QQQ Just Met Its Match With This New ETF. Here's Why It's a Win for Investors.

BlackRock’s IQQ debut means QQQ just met its biggest rival. Here's why it matters and what investors should know.

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Fortune

What it takes to retire comfortably in America: Nearly $1.5 million, Northwestern Mutual says

The price tag on a comfortable retirement keeps climbing—and most Americans are nowhere close.

International Business Times

Democrats Demand Answers From Hegseth Following Defense Stock Inquiry Report

Democrats are demanding answers after a report - denied by the Pentagon - that Secretary of War Pete Hegseth might have attempted to make a large investment in defense stocks

We Got This Covered

‘We demand an immediate retraction’: Pentagon is fuming after Pete Hegseth’s alleged true motive for declaring no mercy for Iran is exposed

Hegseth has some explaining to do.

Barchart

Should You Buy CoinShares Stock Following SPAC Merger?

CoinShares stock crashed on its Nasdaq debut. Here’s why risk-averse investors are recommended caution in buying the dip in CSHR shares.

International Business Times UK

What Is BlackRock? Pete Hegseth Allegedly Caught Trying to Profit off Iran War With Defence Stock Trades

Questions mount over BlackRock and alleged defence stock trades linked to Pete Hegseth before the Iran conflict, raising concerns about insider trading and national security.

The Independent UK

Meet the middle-class Gen-Zers who’d rather be plasterers and electricians than go to university

IN FOCUS: As BlackRock CEO Larry Fink argues that young people should think twice before heading off to university and consider learning a trade instead, Katie Rosseinsky speaks to the workers opting for a more AI-proof career

International Business Times

Broker For Hegseth Looked Into Making Investment In Defense Contractors Before Iran War: Report

A broker for U.S. Secretary of War Pete Hegseth looked into making a significant investment in defense companies before the start of the Iran war, according to the Financial Times.

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