Most advisors agree that elections have little impact on markets, but that’s not stopping investors from bracing their portfolios.
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The shift highlights the growing footprint of traditional firms in the digital asset industry, and signals renewed confidence in crypto.
CEO Larry Fink attributed the healthy performance to growth in private markets, retail active fixed income, and the company’s ETF business.
The asset manager announced annual revenues rose 14%, topping $20 billion for the first time, with record net inflows of $641 billion.
It’s basic Newtonian physics, as Boeing just learned: When the sky falls for a company, so, too, will the bottom line.
The company’s struggle gives us a glimpse into how the wider world of voice assistants is trying to keep up with the technology zeitgest.