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Tag: BlackRock

BlackRock and Microsoft raise $30 billion for AI investments

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BlackRock and Microsoft raise billion for AI investments

(Bloomberg) — BlackRock Inc. and Microsoft Corp. are partnering on one of the biggest projects yet to finance the expansion of databases and energy infrastructure that are driving the artificial intelligence boom. Most read by Bloomberg The companies, together with United Arab Emirates investment vehicle MGX, will raise $30 billion in private equity over time […]

Why do share prices fall after an interest rate cut? This is what the experts think

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Why do share prices fall after an interest rate cut? This is what the experts think

The Federal Reserve gave investors exactly what they said They wanted to cut interest rates by a whopping 50 basis points on Wednesday – but that was still not enough. After a brief rise after the initial announcement, stock prices went through a period of high volatility before all three major US market indices closed […]