Why Larry Fink Sees BlackRock Shares, Income Doubling By 2030
The world's largest asset manager plans to raise $400 billion from clients by 2030 for its funds that invest in private equity, private credit, real estate, infrastructure and other so-called alternatives to public stocks and bonds.
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Adobe Raises Outlook After Sales Beat
The San Jose, Calif., software maker increased its expectations for sales and adjusted earnings per share for fiscal 2025.
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AMD Introduces AI-Focused MI350 Series, Part of 'Vision for an Open AI' Ecosystem
The chip maker said it partnered with prominent companies such as Meta Platforms, OpenAI, Oracle and Microsoft as it seeks an open AI ecosystem.
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Micron Technology to Invest $200 Billion in U.S. Semiconductor Manufacturing
Micron Technology plans to invest more than $200 billion in semiconductor manufacturing in the U.S., a move it estimates will create roughly 90,000 direct and indirect jobs.
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Boeing Crash in India Is First Fatal Incident Involving a 787 Jet
The crash deals a fresh blow to the beleaguered U.S. plane maker, which has been mired by safety and production issues in recent years.
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Warner Bros. Bondholders to Face Limits on Cooperation Pacts in Company's Split
The entertainment company is expected to become one of the first borrowers to restrict creditors from forming cooperation groups.
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Oracle Touches New High as AI Bonanza Outshines Profit Concerns
Chief Executive Safra Catz late Wednesday called for "dramatically higher" revenue growth rates in the fiscal year ahead.
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BioNTech to Buy CureVac in Stock Deal Valued Around $1.25 Billion
The plan is to bring the two biotech companies together to develop transformative cancer treatments, BioNTech said.
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EU Confirms Further One-Year Delay to Bank Trading Desk Rules
The bloc is seeking to level the playing field for European lenders amid U.S. President Trump's deregulation push.
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Chime Financial Is the Latest IPO to Soar in Debut
Chime Financial's stock jumped in its stock-market debut Thursday, the latest sign the U.S. initial public offering market is awakening.
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Tesco Sales Rise as Market Share Increases Despite Tough Competition
The U.K. grocer maintained its full-year expectations after like-for-like sales in its home market rose 5.1%, and edged up 4.1% in central Europe.
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Tech Giants' New AI Ad Tools Threaten Big Agencies
Large companies will eventually follow small ones in using AI to create ad campaigns-undermining the agencies that have ruled the business for years, analysts say.
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Airbus Expects Air Traffic Growth to Fuel Demand for New Planes
The plane manufacturer said that the growth in air travel will require 43,400 new passenger and freighter aircraft deliveries over the next 20 years.
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Aerospace Startup JetZero to Start Building Futuristic Planes in North Carolina
JetZero has received investments from United Airlines and Alaska Airlines to build more fuel-efficient, blended-wing planes.
(END) Dow Jones Newswires
June 12, 2025 17:00 ET (21:00 GMT)
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