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$BLK's asset under management for 2Q16 rose by 4% YoverY to $4.89 trillion. $BLK generated $2Bil of long-term net flows in 2Q16 and $126Bil of inflows over last 12 months, despite impact of market headwinds and slowdown in client activity. Beta and mix shift favored fixed income and cash relative to equities, and impacted base fees YoverY.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.