Sabrina Willmer
Sabrina Willmer writes for Bloomberg.
Sabrina Willmer writes for Bloomberg.
The doubts raised over the broker-dealer self-regulator's authority come amid a general questioning of the federal government's oversight powers.
Judges question how a spot market for crypto asset would differ from already approved futures market.
The fund provider is the latest firm expecting more advisers and long-term investors will turn to passive investing because of the regulation.
The funds will track indexes that draw on the expertise of the firm's quantitative research team.
"If we don't see better-than anticipated corporate earnings I think the rally will be short-lived," Laurence Fink said.
BlackRock plans to cut about 400 jobs in what may be the biggest round of layoffs to date at the worlds largest money manager, according to people with knowledge of the matter.