BlackRock was one of the first institutional investors to offer exchange-traded products in the US. London: BlackRock has launched its first bitcoin exchange-traded product in Europe, in a bid to tap growing demand for cryptocurrency exposure in new markets after attracting more than $50 billion into similar products in the United States. The world’s largest … Read more
Nvidia and Elon Musk’s xAI have joined a consortium backed by Microsoft and BlackRock to expand artificial intelligence infrastructure in the US, the companies said on Wednesday, as a global race to dominate the nascent technology intensifies. The group, formed last year with a goal to initially invest more than $30 billion in AI-related projects, … Read more
Investors including BlackRock Inc. have agreed to provide another loan of at least $15 million to Razor Group, according to people familiar with the matter, as the German e-commerce brand aggregator attempts to stave off a liquidity crunch. The relatively modest financing proposal indicates the severity of the cash squeeze at the Berlin-based firm that, … Read more
(Bloomberg Opinion) — From Chinese tech stocks to European defense shares, President Donald Trump’s second term seems to be lifting the world’s biggest value traps. One of the most prominent and controversial is the holding company owned by Hong Kong’s richest man, Li Ka-shing. CK Hutchison Holdings Ltd. has agreed to sell most of its ports, including those … Read more