BLK has been in the news 306% more than usual
Jul 09, 2025, 2:32 PM
2.89%
What does BLK do
BlackRock, headquartered in New York City, offers investment management, risk management, and advisory services with 19,800 employees, providing diverse investment strategies and technology solutions globally. Their products include mutual funds, ETFs, and separate accounts across various asset classes.
BLK has been in the news recently: BlackRock plans to acquire ElmTree Funds, which manages $7.3 billion, to enhance its focus on private markets and diversify its revenue streams. The firm is also shifting its investment strategy to prioritize "mega forces" like artificial intelligence, anticipating they will drive sustainable returns.
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