BlackRock Gains New Opportunity for NYC Pension Fund Management
BlackRock has received another chance to manage New York City's substantial pension mandates, as Comptroller Mark Levine initiated a competitive review. This comes despite previous concerns about BlackRock's approach to climate-related investments. The city oversees approximately $127 billion in public equity assets, with BlackRock currently managing a significant portion of these passive index funds. The rebid process aims to ensure rigorous selection of fund managers that align with performance standards and the city's climate objectives.
Scott Pape
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FinanceChina's Gold Market Dynamics in May: Weakening Prices, ETF Outflows, and Central Bank Accumulation
May witnessed a decline in gold prices in China, influenced by global uncertainties and a strengthening RMB. Chinese gold ETFs experienced significant outflows, ending a long streak of inflows, as investors shifted focus to equities. Wholesale demand for gold also decreased, hitting a multi-year low. However, the People's Bank of China continued its gold purchasing trend, notably increasing its reserves. The jewelry sector showed signs of stabilization, anticipating a seasonal rebound.
Lisa JingJun 13, 2026, 11:37 AM
FinanceAlimentation Couche-Tard: Navigating Valuation, Risks, and Future Growth
Alimentation Couche-Tard (ACT:CA) is a strong company, but its current stock price reflects an overly optimistic valuation. The current P/E ratio is significantly higher than historical averages, suggesting limited potential for substantial returns unless there's exceptional growth or multiple expansion. Key concerns include potential failures in mergers and acquisitions, margin pressure, and challenges in adapting to the rise of electric vehicle charging stations, all of which could hinder future earnings. My fair value estimate remains $68 per share, emphasizing the need for a safety margin against operational and macroeconomic risks.
Fareed ZakariaJun 13, 2026, 11:37 AM
FinanceSprott Gold Miners ETF: Profitable & Undervalued
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Michele FerreroJun 13, 2026, 11:37 AM
FinanceCapital One: A Strategic Entry Point After Market Dip
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FinanceCamping World Holdings Downgraded Amid Financial Headwinds
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Suze OrmanJun 13, 2026, 11:36 AM
FinanceIdentifying Ideal Monthly Dividend Stocks for June 2026: A Comprehensive Analysis
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Morgan Housel
Elon Musk Becomes First Trillionaire as SpaceX IPO Fuels Wealth Inequality Debate
Elon Musk has reached an unprecedented milestone, becoming the world's first trillionaire following SpaceX's highly successful initial public offering. This historic financial event, which saw SpaceX shares surge, has not only significantly boosted Musk's net worth but also intensified discussions among Democratic lawmakers regarding wealth inequality and the need for higher taxes on the ultra-rich.
JL CollinsJun 13, 2026, 8:38 AM
Jeff Bezos Returns to Executive Role with a $41 Billion AI Venture: "I Couldn't Just Watch from the Sidelines"
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Chika UwazieJun 13, 2026, 8:37 AM
SpaceX Investor Predicts Orbital Compute as Next Major Profit Driver
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Hunter Biden Reflects on Father's Controversial Pardon Decision
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Nouriel RoubiniJun 13, 2026, 8:32 AM
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