BlackRock

Rule Changes

Matching $1,000 for employees' children

The program launched July 4, 2026, opening for contributions on America's 250th birthday. Treasury deposited $1,000 into 1.4 million eligible accounts, committing $1.4 billion in total; 6 million children are now enrolled.

Updated 7 days ago

Money Moves

Anchor client and investor

Securitize turns funds and bonds into tokens that live on a blockchain. On July 1, 2026, it closed a merger with a shell company backed by Cantor Fitzgerald and cleared the way to trade on the New York Stock Exchange under the ticker SECZ.

Updated Jul 1

Money Moves

Investor in both the $10 billion April 2026 round and the $12 billion June 2026 Series B

Prometheus, the AI startup co-founded by Jeff Bezos and Vik Bajaj in November 2025, emerged from stealth on June 11, 2026. The company announced a $12 billion Series B at a $41 billion valuation, backed by Goldman Sachs, BlackRock, JPMorgan, DST Global, and Arch Venture Partners. Total capital raised across three rounds now exceeds $28 billion — all in seven months.

Updated Jun 12

Money Moves

Beat Q1 2026 estimates; AUM declined to $13.89 trillion

The six largest American banks wrapped up first-quarter 2026 reporting with combined net income of $47.3 billion, with trading floors thriving on Iran war volatility even as the outlook darkened. JPMorgan earned $5.94 per share on $50.54 billion in revenue as fixed-income trading surged 21 percent to $7.08 billion, while Citigroup posted its best quarterly revenue in a decade at $24.63 billion. Bank of America earned $1.11 per share, its highest in nearly two decades. Morgan Stanley posted a record equities trading quarter of $5.15 billion and a 29 percent jump in profit. Goldman Sachs led the week with record equities trading revenue of $5.33 billion. The banks announced roughly 5,000 job cuts, using the profit windfall to trim headcount rather than expand.

Updated May 31

Money Moves

IBIT records inflows amid broader ETF outflows; sole major gainer Feb 3

Bitcoin has fallen over 50% from its October 2025 peak of $126,000, hitting fresh 15-month lows around $66,000-$67,000 by February 5. The 11% single-day plunge triggered over $1 billion in new liquidations and extended the longest losing streak since 2018's crypto winter.

Updated May 29

Rule Changes

Attempted port acquisition blocked by China

A Hong Kong firm has operated the ports on either end of the Panama Canal since 1997. That ended on January 31, 2026, when Panama's Supreme Court voided CK Hutchison's concession as unconstitutional, and Denmark's Maersk assumed temporary control of the Balboa and Cristobal facilities.

Updated May 26

Money Moves

World's largest asset manager, driving industry consolidation

MetLife closed a $734.7 billion acquisition of PineBridge Investments from Hong Kong billionaire Richard Li's Pacific Century Group on December 30, 2025, vaulting itself to the top tier of global asset managers. It drew one-third from Asia, over half from non-U.S. investors.

Updated May 19