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  • Jan 09, 2025

BlackRock quits climate group as Wall Street lowers environmental profile

BlackRock, the world's biggest asset manager, said on Thursday it will leave the Net Zero Asset Managers Initiative, the latest Wall Street firm to depart an environmentally focused investor group under pressure from Republican politicians. BlackRock, which manages some $11.5 trillion, said that with two-thirds of its global clients committed to cutting emissions to net zero, it had made sense to join groups like the organization known as NZAMI. "However, our memberships in some of these organizations have caused confusion regarding BlackRock’s practices and subjected us to legal inquiries from various public officials," leading to the departure, according to a client letter reviewed by Reuters.

  • Jan 09, 2025

Colombia Overshoots Inflation Target for Fourth Straight Year

(Bloomberg) -- Colombian inflation exceeded expectations in December, overshooting the central bank’s target range for a fourth straight year. Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Consumer prices rose 5.2% in 2024, the statistics a

  • Jan 09, 2025

Peru Cuts Rate as Policymakers See Inflation Under Control

(Bloomberg) -- Peru restarted monetary easing after one of the lowest inflation rates in emerging markets fell even further. Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’The central bank cut its key interest rate to 4.75% from 5% on Thursd

  • Jan 09, 2025

Reeves Bids to Deepen China Ties After Week of UK Market Turmoil

(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves will become the most senior British official to visit Beijing in 7 years this weekend as she embarks on a mission to deepen economic ties with China against the backdrop of UK market turmoil that threatens to undermine her plans to spur growth domestically. Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC

  • Jan 09, 2025

Here Is Why I am Bearish on ARM Stock despite Its Strong Business Model

Arm Holdings (ARM) is one of the lesser-known semiconductor companies powering many of the world’s advanced devices. However, it has a business model that is different from other major chip companies. In fact, it enjoys theoretically indefinite revenue visibility through a royalty model that reduces highly cyclical demand dynamics. Despite having a positive view about its business operations, the stock is heavily overvalued, leading me to a Sell rating on the stock. Arm Holdings Has a Unique Mod

  • Jan 09, 2025

Historical Market Cycle Chart Suggests Crypto Bull Run May Last Until 2026

The ongoing crypto bull run, fueled by institutional adoption and the incoming pro-crypto administration, could extend until 2026, according to a historical market cycles chart dating back to 1875. The chart divides time into prosperity, good times, and hard times, suggesting the current bull market aligns with a broader prosperity cycle. On top of this, regulatory clarity, Bitcoin ETFs, and global adoption are driving confidence and growth in the market.

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