Express News | Hong Kong Stock Exchange: On January 6th, Blackrock's long position in Vanke Listed in Hong Kong decreased from 5.32% to 4.53%.
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Market Chatter: BlackRock to Cut 1% of Workforce
Express News | Blackrock will lay off about 1% of its workforce to realign resources with the Global Strategy.
Blackrock (BLK.US) plans to lay off about 200 employees.
According to reports from foreign media citing a Blackrock (BLK.US) memorandum, the company plans to reduce its workforce by about 1%. With the company having over 21,000 employees, this equates to cutting around 200 positions. The company stated that this layoff is part of a strategic resource reallocation. The memorandum indicated that the company added 3,750 employees last year and anticipates adding 2,000 employees this year after closing trades with Global Infrastructure Partners and private Crediting Institutions HPS Investment Partners.
Express News | BlackRock to Cut About 1% of Its Employees - Bloomberg News
Blackrock will lay off 1% of its staff.
Gelonghui January 9 | According to an employee memo, Blackrock will cut 1% of its workforce.
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Citigroup's wealth management department: When U.S. bond yields rise to 5%, it will present a good opportunity to Buy.
Citi's wealth management division stated that as the economy continues to expand steadily, the U.S. 10-Year Treasury Notes Yield may rise further to 5%, which will present a good Buy opportunity. Chief Investment Strategist and Chief Economist Steven Wieting mentioned at a press conference in Singapore that it is certainly possible for this year's 10-Year U.S. Treasury yield to approach 5%. "We believe that 5% would be very attractive." As investors prepare for Trump's policies during a second presidential term that will drive up inflation, the benchmark U.S. Treasury yield surged to 4.70% on Tuesday. The resilience shown by the U.S. economy prompted Trade.
Wells Fargo & Co lowered Blackrock's Target Price to $1155.
Gelonghui, January 8 | Wells Fargo & Co: Reduced Blackrock's Target Price from $1200 to $1155, maintaining a "Shareholding" rating. (Gelonghui)
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BlackRock Is Maintained at Overweight by Wells Fargo