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Business Insider Business Insider executive editor Sara Silverstein speaks with Richard Turnill, global chief investment strategist at BlackRock, which oversees $ 6 trillion. He says that one area he doesn’t favor is small caps stocks, which he says are pricing in a lot of hope around corporate tax cuts. He prefers emerging markets, where stocks […]
State Street Global Advisors, a $ 2.6 trillion asset manager, is a huge player in the passive investment movement, developing index and exchange-traded funds that provide cheap ways for Main Street to invest. The passive trend has some people worried that ETFs are warping the stock market. State Street also has an active investment management business, […]
At Ars Technica Live, Aaron Streets discussed the ways he’s using microfluidics to advance cellular biology. (video link) In recent decades, one of the largest-scale government-funded science research projects was the Human Genome Project, an effort to map the entire genetic blueprint of our species. Since 2016, a new version of that herculean effort is […]
Mike Hewitt/Getty HONG KONG (Reuters) – The number of millionaires in the world risen by nearly 8% last year to an all-time high of around 16.5 million people, with record total wealth of $ 63.5 trillion (£47.53 trillion), according to a report by global consultancy firm Capgemini. The wealth of high net worth individuals (HNWI) — […]
Reuters The sovereign wealth fund of Norway, officially known as the Government Pension Fund of Norway, is the largest in the world. It allocates the country’s vast oil wealth into bonds, stocks, and to a growing extent, property. It is known to be able to move entire asset markets by its investment decisions. Yesterday, the […]
BOB STRONG/REUTERS The U.S. federal government just passed a record $ 20 trillion in publicly held debt. That’s bigger than the entire economy of every country in the European Union, combined. The debt will only grow higher unless President Trump and the U.S. Congress can agree to unprecedented spending cuts combined with tax increases. Don’t count on that happening anytime soon. […]
IOTA The former head of technology at one of the largest banks in the world has joined the team behind IOTA, the ninth largest cryptocurrency on the market. Oliver Bussmann served as the chief information officer of Switerland-based UBS, the global financial services firm with $ 3 trillion under management, for three years from 2013 […]
North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to $ 10 trillion. Of course, there are no official reports on how much North Korea’s mineral wealth really is, but according to rough estimates […]
Reuters/Kai Pfaffenbach (Reuters) – The value of Norway’s sovereign wealth fund, the world’s largest, hit $ 1 trillion for the first time on Tuesday as booming global stock markets and a rising euro lifted its assets. Established in 1998 to save oil and gas revenues for future generations, the wealth fund is now worth about […]
BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI Intelligence, click here. Health care is a multi-trillion-dollar behemoth of the global economy — but it has a complicated relationship with technology, embracing some innovative tools while resisting others. Whether patients and […]
