Social Security's main trust fund is projected to run out by 2032, which would force automatic benefit cuts of about 24% to match payroll tax revenue. BlackRock CEO Larry Fink suggests reforming Social Security by introducing diversified, long-term investments similar to pension systems, aiming to strengthen the program without privatizing it. A bipartisan proposal would create a new investment fund alongside the existing trust fund to generate higher returns over 75 years, helping close the funding gap. Without action, retirees face steep cuts, and younger Americans may never receive full benefits.
BlackRock reported strong Q2 results with net inflows of $192 billion, pushing assets under management (AUM) to a record $15.3 trillion. The firm's ETF business showed strong momentum, supported by new product launches and inclusion in Trump accounts...
BlackRock, Inc. reported a strong second quarter marked by record inflows, increased base fees, and double-digit revenue growth, highlighting the strength of its business model. The company's expansion into private markets and technology services is ...
BlackRock reported quarterly earnings per share of $13.91, surpassing analyst estimates of $12.69, and revenue of $7.08 billion, exceeding expectations of $6.73 billion. The company’s assets under management reached a record $15.3 trillion, a 22% inc...
BlackRock reported Q2 adjusted earnings of $13.91 per share, surpassing analyst estimates of $12.57, driven by record net inflows of $191.7 billion and a 31% revenue increase to $7.08 billion. Assets under management rose 22% to $15.34 trillion, with...
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
