Advertisement
Advertisement
U.S. markets closed
Advertisement
Advertisement
Advertisement
Advertisement

Financial & Business News

  • Business
    Reuters

    UPDATE 1-BlackRock has frozen hires, reduced spending, says CFO

    BlackRock Inc Chief Financial Officer Gary Shedlin on Tuesday said his firm is freezing most hiring and reducing expenses. "We're trying to be a little more prudent," he said during a financial conference hosted by Goldman Sachs, adding that these measures will put BlackRock in a better position next year. BlackRock also said there were some short-term performance challenges and it needed to think about resetting expenses relative to revenues.

  • Business
    Bloomberg

    Chile Holds Key Rate as Inflation Slows From Three-Decade High

    (Bloomberg) -- Chile’s central bank held its benchmark interest rate unchanged following 11 straight hikes and promised to keep it steady until policymakers are certain that inflation is on its way toward target.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernWall Street Goes Risk Off as Bank CEOs Sound Alarm: Markets WrapEx-Deutsche Bank Trader Builds $6 Billion Fortune on Trading BoomThird Russian Airfield Hit by Drone as Moscow Accuses UkraineMia

  • Business
    Reuters

    BlackRock has frozen hires, reduced spending, says CFO

    NEW YORK (Reuters) -BlackRock Inc Chief Financial Officer Gary Shedlin on Tuesday said his firm is freezing most hiring and reducing expenses. "We're trying to be a little more prudent," he said during a financial conference hosted by Goldman Sachs, adding that these measures will put BlackRock in a better position next year. BlackRock also said there were some short-term performance challenges and it needed to think about resetting expenses relative to revenues.

Advertisement
Advertisement