BlackRock announced on March 6, 2026, that it would limit withdrawals from its HPS Corporate Lending Fund (HLEND), restricting redemptions beyond the 5% liquidity threshold it offers quarterly. This move followed investor requests exceeding that limit, causing BlackRock's stock to fall 7.69% to $955.45 per share. Pomerantz LLP is investigating whether BlackRock and some of its executives engaged in securities fraud or unlawful business practices related to this event. Investors affected by this action are encouraged to contact the law firm for potential class action participation.
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...
