Tag: Wall

BlackRock in China: Nuclear buildup underwritten in part by leading Wall Street firm, report says

BlackRock, a major Wall Street firm, is investing millions of dollars in an estimated 30 Chinese military-linked companies currently sanctioned by the U.S. government, according to a think tank report prepared for Congress. Additionally, BlackRock, which manages retirement assets for millions of Americans, has invested in companies working on China’s large-scale nuclear weapons buildup, stated […]

An ugly April for Wall Street is closing with some more losses

NEW YORK — U.S. stocks are falling Tuesday after the latest hotter-than-forecast reading on the economy raised more worries about inflation and interest rates staying high. The S&P 500 was 0.7% lower in afternoon trading and on track to close out its first losing month in the last six. It’s lost momentum since setting records […]

Wall Street falls on double dose of disappointing economic data

NEW YORK — Worries about a potentially toxic cocktail combining stubbornly high inflation with a flagging economy dragged U.S. stocks lower on Thursday. A sharp drop for Facebook’s parent company, one of Wall Street’s most influential stocks, also hurt the market. The S&P 500 fell 0.5% and sliced some of the gains off what had […]