Latest news with #LarryFink
Forbes
2 hours ago
- Business
- Forbes
‘Huge' BlackRock Crypto Bombshell Suddenly Hurtling Toward Bitcoin At Key Price ‘Turning Point'
Bitcoin has bounced back in recent weeks, surging as serious U.S. dollar collapse fears drive billionaire interest in bitcoin. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price has soared toward its all-time high of $112,000 per bitcoin, with traders betting a looming Federal Reserve flip will turbo-charge the crypto market. Now, as U.S. president Donald Trump issues a surprise crypto prediction, bitcoin and crypto are braced for a 'huge' BlackRock crypto market bombshell that has suddenly appeared on the 'horizon.' Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run BlackRock chief executive Larry Fink has become one of the most bullish bitcoin price voices on Wall ... More Street in recent years. In-kind redemptions for the bitcoin and crypto exchange-traded funds (ETFs) that have taken Wall Street by storm over the last 18 months could be coming soon, according to U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce. 'I can't prejudge, but we hear that there's a lot of interest,' Peirce, who heads up the SEC's crypto task force, said on stage at a Bitcoin Policy Institute event, adding that in kind bitcoin and crypto ETFs are now 'on the horizon.' In-kind redemptions allow investors to exchange ETF shares directly for the underlying asset rather than receiving cash, which is currently the case for the spot bitcoin and crypto ETFs approved by the SEC in early 2024—a change described as 'huge' by Bloomberg Intelligence ETF analyst Eric Balchunas. In-kind redemptions for bitcoin and crypto funds would make it cheaper and quicker for traders to buy and sell ETF shares, potentially making them more attractive to institutional investors on Wall Street. Earlier this year, BlackRock, which has dominated the spot bitcoin ETF market with its $75 billion IBIT fund, asked the SEC to permit in-kind creations and redemptions for bitcoin ETFs, instead of having to use cash, with the likes of Fidelity and other smaller bitcoin and crypto ETF providers following suit. "Those (forms) are going through the process now," Peirce said. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has rocketed to an all-time high this year, helped by BlackRock's massive $75 ... More billion bitcoin exchange-traded fund (ETF). BlackRock, which manages after around $10 trillion worth of assets for investors, spearheaded Wall Street's campaign to bring a long-awaited spot bitcoin ETF to market in 2023, with a fleet of funds debuting in January 2024 that now hold 1.4 million bitcoin worth $152 billion. BlackRock's fund alone holds around 3% of the 21 million bitcoin that will ever exist, worth almost $75 billion at the current bitcoin price, which some have warned could be giving BlackRock outsized control over the network. Meanwhile, the combined bitcoin price and crypto market is on the verge of a 'turning point' as it hits $3.4 trillion, according to one analyst. 'The $3.4 trillion to 3.55 trillion range is a turning point, which has activated sellers and prevented the market from consolidating higher,' Alex Kuptsikevich, FxPro chief market analyst, said in emailed comments. 'Since the end of Wednesday, bitcoin has been testing the $108,000 mark, but it will sell off when it touches this level. Over the past couple of days, we have seen a smooth but steady intraday uptrend, accompanied by heavy buying from medium—and long-term investors. We see this as a sign of buying by professional market participants and link it to strengthening stocks, which increases the likelihood of reaching $110,000 or even $112,000 as early as this week.'
Bloomberg
2 days ago
- Business
- Bloomberg
BlackRock Puts Private Equity and Credit Into 401(k) Funds
Larry Fink is taking the next step in his plan to give possibly millions of Americans access to private markets through their retirement savings accounts. BlackRock Inc. said Thursday that Great Gray Trust Co., which provides services for more than $210 billion in assets, plans to start a target-date fund that will include private credit, along with BlackRock private equity, stock, fixed income and other investments.
Yahoo
3 days ago
- Business
- Yahoo
562,000 Americans became millionaires in 2024 — 4 ways your neigbors are getting rich and how to keep up
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Last year was an excellent time to be an investor. According to the annual World Wealth Report from Capgemini, 562,000 Americans became millionaires in 2024 — a 7.6% increase from 2023. This rapid increase had two major contributing factors: interest rate cuts and the explosion of AI investments. Americans invested $109 billion in AI in 2024, far exceeding every other country in the world, according to Stanford University's 2025 AI Index. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) According to Kris Bitterly, head of Citi Global Wealth at Work, alternative investments are another important element contributing to this rapid wealth accumulation. 'Many investors, presently, when you look at their asset allocations, they're significantly underweight on alternatives,' Bitterly told Bloomberg, noting that alternatives present 'unique opportunities that are not available in public markets that you want to express in your portfolio.' If you're interested in exploring some options that are usually reserved for the ultra wealthy, here are a few alternative investments you can easily add to your portfolio today. Real estate is a well known driver of high-net-worth individuals' wealth. The National Association of Realtors found that approximately 90% of all millionaires in the U.S. grew part of their wealth through real estate. But it's not easy to break into property investing if you're not already wealthy. Many new homeowners can only access the market because their parents have provided the down payment. As Redfin reported, one-third (36%) of Gen Zers and millennials expect to receive a cash gift from family to help fund their down payment. If you're considering real estate investing, but don't have enough saved for the down payment quite yet — or you just don't want the hassle of being a landlord or homeowner — there are some real estate investment options with a lower barrier to entry. If you're not an accredited investor, crowdfunding platforms like Arrived allow you to enter the real estate market for as little as $100. Arrived offers you access to shares of SEC-qualified investments in rental homes and vacation rentals, curated and vetted for their appreciation and income potential. Backed by world-class investors like Jeff Bezos, Arrived makes it easy to fit these properties into your investment portfolio regardless of your income level. For accredited investors, Homeshares gives access to the $34.9 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Read more: Rich, young Americans are ditching the stormy stock market — While it might not be the trendiest investment, gold still holds value in a properly diversified portfolio. Over the past few months of tariff uncertainty, gold has done incredibly well. Gold breached $3,000 per ounce in April — avoiding some of the up-and-down spikes that rocked the S&P 500. Gold could even surpass the $4,000 benchmark by the second quarter of 2026, according to a report by JPMorgan. Hedge fund managers like Ray Dalio are bullish on gold for this reason. It can hedge against inflation and help shield against volatility, ensuring high-net-worth individuals can weather any financial storm. One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of American Hartford Gold. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account — combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an option for those looking to potentially hedge their retirement funds against economic uncertainties. Even better, you can often roll over existing 401(k) or IRA accounts into a gold IRA without tax-related penalties. To learn more, get your free 2025 information guide on investing in precious metals. Qualifying purchases can also receive up to $20,000 in free silver. For many, the trickiest part of investing is learning how to get started. Do I need a finance manager? What should I invest in? And what does everyone mean by diversified anyway? But some investments don't just sit in an account. In fact, the wealthiest among us often invest in beautiful works of art they can keep in their homes and enjoy every day. David Bowie was known for his large collection of modern art, including works from Marcel Duchamp, Henry Moore, Frank Auerbach and Jean-Michel Basquiat. While hanging a Basquiat on your wall someday might sound like a pipedream, that doesn't mean investing in the art world is completely out of reach. With Masterworks, anyone can diversify their portfolio by investing in fine art. From their 23 exits so far, Masterworks investors have realized representative annualized net returns like +17.6%, +17.8% and +21.5% among assets held for longer than one year. To earn a profit, you can either wait for Masterworks to sell the painting — the typical timeframe before a sale is between 3 to 10 years — or you can sell your shares yourself on the secondary market. Masterworks takes care of all the heavy lifting: from buying the paintings, to storing them and to selling them for you — no art experience required. Get started with Masterworks today and you could make your portfolio as beautiful as a Starry Night. Once considered a fad, crypto is now dominating the alternative investment conversation. Bitcoin hit a record high in May, skyrocketing by 3% and surpassing a $110,000 valuation for the first time ever. Its rise could continue once the Strategic Bitcoin Reserve's final plans are unveiled by President Donald Trump's administration on July 22, 2025. A recent study from Greyscale Investments also found that 38% of high-net-worth Americans with at least a million in investible assets expect to invest in crypto in the future, pointing to its relevance in a high-net-worth portfolio. So all the bullish crypto sentiments coming from the office of the president just might be the real reason your neighbor was suddenly able to buy that new Benz sitting in the driveway. For those looking to hop on the Bitcoin bandwagon, new crypto platforms have made it easier for everyday investors. For instance, Gemini is a full-reserve and regulated cryptocurrency exchange and custodian, which allows users to buy, sell and store bitcoin and 70 other cryptocurrencies. You can place instant, recurring and limit buys on their growing and vetted list of available coins. Gemini is also offering new users $15 in free Bitcoin with code GEMINI15 when you trade $100 or more. However, the trade needs to be revenue-generating for Gemini — meaning no stablecoin or withdrawal-deposit shuffling. Just remember to act fast, the promotion is only good for 30 days after creating a new account. But if you're not ready to buy just yet, you can still invest in crypto with their Gemini credit card, which transforms a percentage of every purchase into bitcoin or a coin of your choice. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Millions of Americans now sit on a stunning $35 trillion in home equity — here's 1 new way to invest in responsible US homeowners This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
The US Treasury shocked Americans with a $258B surplus — its 2nd biggest monthly surplus in history
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Budget deficits are something we've come to expect from Uncle Sam. After all, without years of overspending, the federal government wouldn't be sitting on trillions of dollars in debt. But, the latest monthly Treasury statement delivered a rare — and welcome — surprise. In April 2025, the U.S. government collected $850.2 billion in receipts while spending $591.8 billion, resulting in a monthly budget surplus of $258.4 billion. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) That's not just any surplus — it's the first monthly surplus of fiscal year 2025 (which began in October 2024), and the second-largest monthly surplus in U.S. history, behind only April 2022's $308.2 billion surplus. Does that mean President Trump's plan is working? According to the U.S. Department of the Treasury, the surplus was driven by 'large individual tax deposits,' with April being the due date for final payments on prior-year taxes and the first installment of quarterly estimated taxes for many individuals and businesses. Individual income taxes alone brought in $537 billion — by far the biggest contributor to government revenue for April. Social insurance and retirement receipts followed at $184 billion, while corporate income taxes added $94 billion. Customs duties — a reflection of Trump's tariffs — generated $15.6 billion in April, more than double the $6.3 billion collected during the same month last year. Still, tariff revenue remains modest compared to other major contributors. On the spending side, the biggest outlay for the month was Social Security at $132 billion, followed by $89 billion in net interest, $82 billion for Medicare, $76 billion for health and $70 billion for national defense. Despite the hefty surplus, one strong month isn't enough to reverse the broader fiscal trend. From October 1 through April 30, the U.S. government brought in $3.110 trillion in revenue but spent $4.159 trillion — resulting in a $1.049 trillion deficit for the fiscal year so far. So it's no surprise the national debt continues to soar. As of this writing, the total outstanding debt of the U.S. government sits at a staggering $36.212 trillion. The takeaway? To run a surplus, you have to earn more than you spend. That might be a tall order for a government juggling countless programs — but for individuals, it's a surprisingly simple (and achievable) strategy. Here are a few ways to boost your own fiscal health in 2025 — and beyond. If you want to improve your finances, the first step is understanding where your money goes each month. Track all your expenses for 30 days, then sort them into two categories: necessities — like rent, groceries, utilities and health care — and discretionary spending, such as dining out, entertainment, shopping and hobbies. This breakdown gives you a clear picture of your spending habits and helps identify areas where you can cut back. But trimming waste isn't just about skipping lattes or takeout. Even in essential categories — like car insurance or banking — you may be spending more than you need to. The good news? With a bit of research, those costs can often be significantly reduced. Car insurance is a major recurring expense, and many people overpay without realizing it. According to Forbes, the average cost of full-coverage car insurance is $2,149 per year (or $179 per month). However, rates can vary widely depending on your state, driving history and vehicle type, and you could be paying more than necessary. By using you can easily compare quotes from multiple insurers, such as Progressive, Allstate and GEICO, to ensure you're getting the best deal. In just two minutes, you could find rates as low as $29 per month. Bank fees can quietly drain your finances over time. Even comedian Bill Burr once complained to Joe Rogan about his bank taking $28 out of his account every month 'for no reason.' In reality, many traditional banks charge anywhere from $5 to $35 per month in maintenance fees, overdraft fees and other hidden charges. Online banks, on the other hand, typically offer lower fees (or none at all) since they don't have the same overhead costs as brick-and-mortar institutions. Read more: Rich, young Americans are ditching the stormy stock market — Cutting expenses is one way to create a surplus — but boosting income can be just as powerful. And while asking for a raise doesn't always lead to results, there are ways to earn money without clocking in extra hours. That's where passive income comes in: money that keeps flowing with minimal day-to-day effort. One of the most popular passive income strategies? Real estate. When you own a rental property, tenants pay you rent each month — providing a steady stream of cash flow. It's also a time-tested hedge against inflation, since both property values and rental income tend to rise along with the cost of living. Of course, purchasing a property requires significant capital — and finding the right tenant takes time and effort. Homeshares, gives accredited investors access to the $36 trillion U.S. home equity market — a space that's historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Another way to tap into this market is by investing in shares of vacation homes or rental properties through Arrived. Backed by world-class investors including Jeff Bezos, Arrived allows you to invest in shares of vacation and rental properties, earning a passive income stream without the extra work that comes with being a landlord of your own rental property. To get started, simply browse through their selection of vetted properties, each picked for their potential appreciation and income generation. Once you choose a property, you can start investing with as little as $100, potentially earning quarterly dividends. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Millions of Americans now sit on a stunning $35 trillion in home equity — here's 1 new way to invest in responsible US homeowners This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Yahoo
4 days ago
- Business
- Yahoo
The US Treasury shocked Americans with a $258B surplus — its 2nd biggest monthly surplus in history
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Budget deficits are something we've come to expect from Uncle Sam. After all, without years of overspending, the federal government wouldn't be sitting on trillions of dollars in debt. But, the latest monthly Treasury statement delivered a rare — and welcome — surprise. In April 2025, the U.S. government collected $850.2 billion in receipts while spending $591.8 billion, resulting in a monthly budget surplus of $258.4 billion. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) That's not just any surplus — it's the first monthly surplus of fiscal year 2025 (which began in October 2024), and the second-largest monthly surplus in U.S. history, behind only April 2022's $308.2 billion surplus. Does that mean President Trump's plan is working? According to the U.S. Department of the Treasury, the surplus was driven by 'large individual tax deposits,' with April being the due date for final payments on prior-year taxes and the first installment of quarterly estimated taxes for many individuals and businesses. Individual income taxes alone brought in $537 billion — by far the biggest contributor to government revenue for April. Social insurance and retirement receipts followed at $184 billion, while corporate income taxes added $94 billion. Customs duties — a reflection of Trump's tariffs — generated $15.6 billion in April, more than double the $6.3 billion collected during the same month last year. Still, tariff revenue remains modest compared to other major contributors. On the spending side, the biggest outlay for the month was Social Security at $132 billion, followed by $89 billion in net interest, $82 billion for Medicare, $76 billion for health and $70 billion for national defense. Despite the hefty surplus, one strong month isn't enough to reverse the broader fiscal trend. From October 1 through April 30, the U.S. government brought in $3.110 trillion in revenue but spent $4.159 trillion — resulting in a $1.049 trillion deficit for the fiscal year so far. So it's no surprise the national debt continues to soar. As of this writing, the total outstanding debt of the U.S. government sits at a staggering $36.212 trillion. The takeaway? To run a surplus, you have to earn more than you spend. That might be a tall order for a government juggling countless programs — but for individuals, it's a surprisingly simple (and achievable) strategy. Here are a few ways to boost your own fiscal health in 2025 — and beyond. If you want to improve your finances, the first step is understanding where your money goes each month. Track all your expenses for 30 days, then sort them into two categories: necessities — like rent, groceries, utilities and health care — and discretionary spending, such as dining out, entertainment, shopping and hobbies. This breakdown gives you a clear picture of your spending habits and helps identify areas where you can cut back. But trimming waste isn't just about skipping lattes or takeout. Even in essential categories — like car insurance or banking — you may be spending more than you need to. The good news? With a bit of research, those costs can often be significantly reduced. Car insurance is a major recurring expense, and many people overpay without realizing it. According to Forbes, the average cost of full-coverage car insurance is $2,149 per year (or $179 per month). However, rates can vary widely depending on your state, driving history and vehicle type, and you could be paying more than necessary. By using you can easily compare quotes from multiple insurers, such as Progressive, Allstate and GEICO, to ensure you're getting the best deal. In just two minutes, you could find rates as low as $29 per month. Bank fees can quietly drain your finances over time. Even comedian Bill Burr once complained to Joe Rogan about his bank taking $28 out of his account every month 'for no reason.' In reality, many traditional banks charge anywhere from $5 to $35 per month in maintenance fees, overdraft fees and other hidden charges. Online banks, on the other hand, typically offer lower fees (or none at all) since they don't have the same overhead costs as brick-and-mortar institutions. Read more: Rich, young Americans are ditching the stormy stock market — Cutting expenses is one way to create a surplus — but boosting income can be just as powerful. And while asking for a raise doesn't always lead to results, there are ways to earn money without clocking in extra hours. That's where passive income comes in: money that keeps flowing with minimal day-to-day effort. One of the most popular passive income strategies? Real estate. When you own a rental property, tenants pay you rent each month — providing a steady stream of cash flow. It's also a time-tested hedge against inflation, since both property values and rental income tend to rise along with the cost of living. Of course, purchasing a property requires significant capital — and finding the right tenant takes time and effort. Homeshares, gives accredited investors access to the $36 trillion U.S. home equity market — a space that's historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted target returns ranging from 14% to 17%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. Another way to tap into this market is by investing in shares of vacation homes or rental properties through Arrived. Backed by world-class investors including Jeff Bezos, Arrived allows you to invest in shares of vacation and rental properties, earning a passive income stream without the extra work that comes with being a landlord of your own rental property. To get started, simply browse through their selection of vetted properties, each picked for their potential appreciation and income generation. Once you choose a property, you can start investing with as little as $100, potentially earning quarterly dividends. JPMorgan sees gold soaring to $6,000/ounce — use this 1 simple IRA trick to lock in those potential shiny gains (before it's too late) This tiny hot Costco item has skyrocketed 74% in price in under 2 years — but now the retail giant is restricting purchases. Here's how to buy the coveted asset in bulk This is how American car dealers use the '4-square method' to make big profits off you — and how you can ensure you pay a fair price for all your vehicle costs Millions of Americans now sit on a stunning $35 trillion in home equity — here's 1 new way to invest in responsible US homeowners This article provides information only and should not be construed as advice. It is provided without warranty of any kind. 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