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May 5, 2021

BlackRock Inc

BlackRock’s Larry Fink says institutional clients fascinated by crypto but not that interested

CNBC
CNBC – For more and to sign up click here BlackRock CEO Larry Fink told CNBC on Thursday that the world’s largest money manager has more discussions with its institutional clients on issues around climate change and inflation than it does on cryptocurrencies. “Our broad-based client relationships, we’ve had very little interconnectivity......

Grab’s not yet profitable, but investors may give it ‘leeway’ to invest in new growth areas, analysts say

CNBC
CNBC – For more and to sign up click here SINGAPORE — Investors will be keeping a close eye on when Grab will turn profitable after its record-breaking SPAC listing, according to Tom White, senior research analyst at D.A. Davidson. “There’s obviously a growing scrutiny from investors about a path......

SoftBank-backed Grab agrees to deal to go public in world’s largest SPAC merger

CNBC
CNBC – For more and to sign up click here Southeast Asia’s ride-hailing giant Grab announced Tuesday that it’s set to go public through a SPAC merger with Altimeter Growth Corp., in a deal that values the company at $39.6 billion — the largest blank-check merger to date. Grab says......

Earning season is about to get underway and that could be a positive catalyst for stocks

CNBC
CNBC – For more and to sign up click here A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters The earnings reporting season gets underway in the week ahead, and it is expected......

Stocks making the biggest moves in the premarket: Illumina, Cara Therapeutics, Snap & more

CNBC
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Illumina (ILMN) – Illumina issued preliminary current-quarter and full-year guidance that exceeded current analyst estimates. The life sciences company said its projected results are being driven by record......

Major U.S. companies take aim at Georgia’s new voting restrictions

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CNBC – For more and to sign up click here Republican Governor Brian Kemp signs the law S.B. 202, a restrictive voting law that activists have said aimed to curtail the influence of Black voters who were instrumental in state elections that helped Democrats win the White House and narrow......

Governments — ‘not BlackRock’ — should lead the economy away from fossil fuels, economist says

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CNBC – For more and to sign up click here A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters Governments should be leading the global economy’s sustainable transformation, not markets, according to author and economist Ann Pettifor. Pettifor, author of “The Case for......

250 CEOs and execs express ‘alarm’ over what could become the largest tax hike in New York history

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CNBC – For more and to sign up click here New York state Gov. Andrew Cuomo speaks at a news conference on September 08, 2020 in New York City. Spencer Platt | Getty Images A group of 250 CEOs and business leaders sent a letter to New York’s governor and......

The future of Big Oil flaring in the Permian Basin and the climate challenge

CNBC
CNBC – For more and to sign up click here Pumpjacks operate in the snow in the Permian Basin in Midland, Texas, U.S, on Saturday, Feb. 13, 2021. Matthew Busch | Bloomberg via Getty Images When a raging snowstorm and frigid temperatures hit Texas last month, oil and gas behemoths......

South Korean e-commerce giant Coupang tops $84 billion market cap after soaring in market debut

CNBC
CNBC – For more and to sign up click here The New York Stock Exchange welcomes executives and guests of Coupang (NYSE: CPNG), today, Thursday, March 11, 2021, in celebration of its Initial Public Offering. NYSE Shares of South Korean e-commerce giant Coupang surged 40% in its market debut Thursday......

Chipotle will link executive compensation to environmental and diversity goals

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CNBC – For more and to sign up click here Brian Niccol, CEO of Chipotle Mexican Grill Adam Jeffery | CNBC Chipotle Mexican Grill said Thursday that executive compensation will now be linked to hitting targets tied to the company’s environmental and diversity goals. The burrito chain is following in......

More than 150 CEOs urge Congress to pass Biden’s Covid relief package

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CNBC – For more and to sign up click here More than 150 New York chief executives urged Congress to pass President Joe Biden‘s $1.9 trillion Covid stimulus package in a letter Wednesday. “Previous federal relief measures have been essential, but more must be done to put the country on......

SPACs used to be a joke in Silicon Valley — now they’re going mainstream

CNBC
CNBC – For more and to sign up click here The New York Stock Exchange welcomes Desktop Metal Inc. (NYSE: DM), today, Thursday, December 10, 2020, in celebration of its listing. To honor the occasion, Ric Fulop, Co-Founder and CEO, rings The Opening Bell®. NYSE Roger Lee of Battery Ventures......

Feeling the heat from employees, Wall Street banks get closer to adopting bitcoin

CNBC
CNBC – For more and to sign up click here A bitcoin ATM is seen inside the Big Apple Tobacco Shop on February 08, 2021 in New York. Michael M. Santiago | Getty Images Pressure is building on Wall Street banks to accept bitcoin as a legitimate asset class —......

World’s largest money manager says sustainable investing surge to continue, pushes for more disclosure

CNBC
CNBC – For more and to sign up click here The world’s largest asset manager is pushing companies to disclose how they will survive in a world of net-zero greenhouse gas emissions. “Because better sustainability disclosures are in companies’ as well as investors’ own interests, I urge companies to move......

Two-day bitcoin sell-off wipes out over $100 billion from the entire crypto market

CNBC
CNBC – For more and to sign up click here Bitcoin slumped for a second day Thursday, taking the digital currency’s losses to more than 10% over 48 hours and wiping off billions of dollars from the crypto market. The price of bitcoin slipped 8% on Thursday to as low......

EV start-up Rivian raises $2.65 billion in new funding round led by T. Rowe Price

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CNBC – For more and to sign up click here Rivian R1S electric SUV Source: Rivian Rivian, the electric vehicle start-up backed by Amazon and Ford Motor, on Tuesday said it closed on a $2.65 billion investment round led by T. Rowe Price funds as the company moves closer to......

CEO of world’s largest money manager sees stocks rallying in 2021 but not as much as last year

CNBC
CNBC – For more and to sign up click here BlackRock‘s Larry Fink told CNBC on Thursday that he believes the stock market has further room to run higher. However, the chairman and CEO of the world’s largest asset manager cautioned that the rally may not be as robust as it......

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