Global equity markets rallied in the first quarter as expectations grew that the world's major central bank's were done with monetary policy tightening and would pivot to rate cuts, resulting in a jump in assets under management (AUM). The company's AUM jumped to $10.47 trillion in the first quarter, up 15% year-on-year, helped by rising markets and inflows. BlackRock registered $57 billion of total net inflows in the quarter, down from $110 billion a year earlier.
Learn how our company's investment-led approach and connectivity momentum
TSMC is the world's largest producer of advanced processors and counts
NEW YORK (AP) — Goldman Sachs said it saw a double digit rise in its first quarter profits on Monday, lifted broadly by the stock and bond markets' performances in the first months of the year. The strong quarter comes after Goldman struggled most of 2023 as higher interest rates put a pause on companies doing deals and mergers. But as executives have adjusted to the new normal and interest rates appear to be heading lower, Goldman has benefitted from the change in attitude. The New...
Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter as the company continues to see stellar ad growth across its family of world-leading social media apps. The company founded by Mark Zuckerberg said that net profit in the January to March period rose to $12.4 billion with total
Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter core operating profits driven by strong retail sales.
GM had a strong first quarter as year-over-year revenue rose by 8%. The impressive start pushed GM to raise their full-year guidance. While the company continues to ramp up electric vehicle production, they’re expecting a boost from new and updated ICE-powered vehicles such as the Equinox, Traverse, and Tahoe. General Motors has released their first-quarter results and it's good news for investors as the company reported revenues of $43 billion and $3 billion of net income attributable to...
Italy's economy grew only “slightly” in the first quarter, according to the
Italy's economy grew only “slightly” in the first quarter, according to the
Stelara sales were flat at $2.45 billion in the first quarter and came in below expectations of $2.6 billion, according to LSEG data. J&J has struck deals to delay U.S. launches of close-copy versions of Stelara until 2025, a key patent for which expired last year. Analysts have said the delayed competition will make the drug a larger contributor for J&J's 2024 and 2025 revenue than previously anticipated.
Deutsche Bank reported first-quarter earnings on Thursday.
By Laura He, CNN Hong Kong (CNN) — China’s economy grew stronger than expected at the start of this year, mainly thanks to robust growth in high-tech manufacturing. Gross domestic product grew by 5.3% in the first quarter from a year ago, according to the National Bureau of Statistics on Tuesday. That beat the estimate