Standard & Poor

This tag is associated with 5 posts

The Rise of BlackRock

In 25 years, BlackRock has become the world’s biggest investor. Is its dominance a problem? Ask conspiracy theorists who they think really runs the world, and they will probably point to global banks, such as Citigroup, Bank of America and JPMorgan Chase. Oil giants such as Exxon Mobil and Shell may also earn a mention. … Continue reading »

Facebook to join the S&P 500

Standard & Poor’s on Wednesday said Facebook will join its S&P 500 stock index after the close of trading on Dec. 20, cementing the social media network’s rise into one of the biggest, most powerful U.S. companies. Facebook shares rose 4.1 percent in after-hours trading. The decision follows Facebook reporting its fourth straight profitable quarter … Continue reading »

Byron Wien: Why I’ve become bullish on the market

Byron Wien is changing his tune. In January, he predicted that 2013 would be a tough year for stocks—but now he says that the market has further to run. “If the economy keeps on growing at a 2 percent or better rate, if earnings do improve, maybe even being disappointing but still improving, and if … Continue reading »

Ackman’s Pershing Square has double-digit gains on year

Hedge fund manager William Ackman posted fresh gains in November even as his big short position on Herbalife lost more money, leaving his fund with double-digit returns for the year. Ackman’s flagship Pershing Square fund earned 1.4 percent after fees last month, leaving the $12 billion fund up 10 percent for the year to date, … Continue reading »

Global stocks shrug off U.S. shutdown; gold, bonds fall

(Reuters) – Stock markets worldwide climbed on Tuesday while safe-haven gold and Treasury bonds fell as investors largely shrugged off the first partial shutdown of the U.S. government in 17 years on bets that it will be short-lived. Congress missed a midnight deadline to agree on a spending bill, resulting in up to 1 million … Continue reading »

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