Bitcoin Has No Label but Its Closest Rival Is Gold, BlackRock Exec Says
BlackRock views Bitcoin as a portfolio diversifier and gold alternative; ETF investors held steady, while Ethereum underpins stablecoins, DeFi and
Stocks · News reference
Forum Energy shares jumped after hours as strong second-quarter results and raised guidance highlighted improving business momentum.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
BlackRock views Bitcoin as a portfolio diversifier and gold alternative; ETF investors held steady, while Ethereum underpins stablecoins, DeFi and
BlackRock is launching target-date mutual funds through Great Gray Trust that will allocate 5-20% of assets to private investments, offering 401(k) plan participants exposure to privately held businesses. The move aims to provide better diversification and potentially higher returns (about 50 basis points annually more than stocks) as the stock market becomes increasingly concentrated in large-cap and technology stocks.
BlackRock’s Wei Li says AI is still in Phase 1 despite nearly $600 billion in Big Tech spending, with adoption and productivity still ahead.
Bitcoin ETFs are driving fresh, broad-based inflows, integrating BTC into traditional portfolios and creating a more durable institutional bid.
National Energy Services Reunited Corp. (NESR) has unveiled its 3B3 corporate strategy targeting a $3 billion revenue run rate within three years through three pillars: expanding its contract funnel, growing geographical footprint in MENA, and leveraging NEDA and ROYA technologies. The company is positioned to benefit from Jafurah operations ramp-up in Saudi Arabia and new contracts in Kuwait, UAE, and North Africa, though geopolitical risks remain a concern.
Shell plc announced it will acquire the remaining 67% stake in Tri Star Energy, gaining full ownership of 320 fuel and convenience retail sites across the Southeastern United States. The deal, expected to close by end of 2026, aligns with Shell's strategy to focus capital on high-return businesses and will nearly double its company-owned retail footprint in the region to approximately 550 sites.