BlackRock trims staff, $700B in unrealized losses, historic M2 drop signal economic turbulence.
In a significant development, BlackRock, the world’s largest asset manager, is reportedly undergoing layoffs, marking a notable shift for the firm as it matures and reassesses its strategic focus. The move comes as BlackRock grapples with various factors, including a reported pullback from Environmental, Social, and Governance (ESG) investments and the anticipation surrounding the approval …