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Blackrock

All articles tagged with #blackrock

local-news1 month ago

NYC Comptroller's BlackRock Exit Sparks Pension Fund Shift

Brad Lander's upcoming departure as NYC comptroller is seen as positive for the city's $300 billion pension fund, as his push to exclude BlackRock over green energy policies is viewed as misguided and potentially harmful to retirees' investments. His focus on climate activism over sound investment strategies and the influence of political agendas are criticized, emphasizing the need for a more pragmatic approach to managing the city's retirement funds.

business3 months ago

BlackRock Leads $40 Billion Data Center Acquisition to Boost AI Growth

BlackRock, the world's largest asset manager, has partnered with Nvidia and Microsoft to acquire Aligned Data Centers for $40 billion, expanding its AI infrastructure investments amid a booming AI sector. The deal supports BlackRock's broader plan to invest up to $100 billion in AI-related data infrastructure, highlighting its significant role in the AI and data center markets. BlackRock's stock remains strong, with the company showing market leadership and continued growth in AI-related assets.