• The market is set up for a strong 2021 as investors remain under-invested in stocks, CEO of the world's largest asset manager says

    8 days ago - By Business Insider

    Summary List Placement
    The stock market is set up for a strong 2021 as investors remain overweighted to cash, BlackRock CEO Larry Fink told CNBC on Thursday.
    Investors around the globe continue to be under-invested, not over-invested in stocks, Fink said.
    "I think we're going to continue to see the market be strong into 2021," Fink told CNBC.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    The stock market is set for a strong 2021 as investors continue to hold a record amount of cash on the sidelines, BlackRock CEO Larry Fink told CNBC on Thursday.
    That cash...
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  • Bitcoin frenzy drives 900% surge in assets for crypto investment firm Grayscale

    Bitcoin frenzy drives 900% surge in assets for crypto investment firm Grayscale

    8 days ago - By Business Insider

    Dado Ruvic/Reuters
    Crypto investment firm Grayscale enjoyed a 900% surge in assets under management last year as bitcoin's rally drove multibillion-dollar inflows. The firm's assets ballooned to $20.2 billion from $2 billion in 2020, according to a Thursday report. Grayscale's Bitcoin Trust drove most of the inflows, growing to $17.5 billion AUM from $1.8 billion. Institutional investors' warming to bitcoin also aided the firm. Such funds counted for 86% of flows into Grayscale products in 2020, as well as 93% of all fourth-quarter inflows. The firm's rapid expansion came as bitcoin spiked...
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  • The market is set up for a strong 2021 as investors remain under-invested in stocks, CEO of the world's largest asset manager says

    8 days ago - By Business Insider

    Reuters
    The stock market is set up for a strong 2021 as investors remain overweighted to cash, BlackRock CEO Larry Fink told CNBC on Thursday. Investors around the globe continue to be under-invested, not over-invested in stocks, Fink said. "I think we're going to continue to see the market be strong into 2021," Fink told CNBC. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The stock market is set for a strong 2021 as investors continue to hold a record amount of cash on the sidelines, BlackRock CEO Larry Fink told CNBC on Thursday. That cash should help push...
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  • Bitcoin frenzy drives 900% surge in assets for crypto investment firm Grayscale

    Bitcoin frenzy drives 900% surge in assets for crypto investment firm Grayscale

    8 days ago - By Business Insider

    Summary List Placement
    Crypto investment firm Grayscale enjoyed a 900% surge in assets under management last year as bitcoin's rally drove multibillion-dollar inflows.
    The firm's assets ballooned to $20.2 billion from $2 billion in 2020, according to a Thursday report. Grayscale's Bitcoin Trust drove most of the inflows, growing to $17.5 billion AUM from $1.8 billion.
    Institutional investors' warming to bitcoin also aided the firm. Such funds counted for 86% of flows into Grayscale products in 2020, as well as 93% of all fourth-quarter inflows.
    The firm's rapid expansion came as bitcoin...
    Read more ...

     

  • A top investor at Alphabet's growth fund says the soaring cost of chronic care is fueling a new crop of startups like Livongo and shares where he wants to place his bets in 2021

    A top investor at Alphabet's growth fund says the soaring cost of chronic care is fueling a new crop of startups like Livongo and shares where he wants to place his bets in 2021

    8 days ago - By Business Insider

    Summary List Placement There are more companies like Livongo on the way, Sumi Das, a partner at CapitalG, told Business Insider .
    Livongo, a healthcare company bought by Teladoc last year, manages care for people with diabetes, hypertension, and other chronic conditions through a mobile app. The company is often given credit for showing the industry that this kind of business model - tech-forward, consumer-focused - can go public and do well.
    Now two trends are boosting companies like Livongo: the pressure the coronavirus pandemic is putting on health plans and employers to offer...
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  • CEO of world's largest money manager sees stocks rallying in 2021 but not as much as last year

    8 days ago - By CNBC

    "I think we're going to continue to see the market to be strong into 2021," BlackRock's Larry Fink told CNBC on Thursday.
    Read more ...