Tag: asset management

George Soros says BlackRock is on wrong side of ‘life and death’ conflict with China

Legendary investor George Soros has criticized index powerhouse BlackRock for a second time, blasting the fund manager over its stance on Chinese investments. In a Wall Street Journal op-ed, the billionaire called it a “tragic mistake” to pour billions of dollars into China now. BlackRock BLK, -2.00% recently launched a fund for Chinese consumers, and […]

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What does a mature streaming service look like? Netflix is about to show us

Netflix Inc. proved to the world that streaming video could be a big business. Now it will show the world what that business looks like when it hits maturity. Netflix’s growth stage hit warp speed during the COVID-19 pandemic, then fell off in the first quarter after nearly a year of staggering growth. When the […]

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GlaxoSmithKline defends itself against activist Elliott, recognizing need for ‘improved and sustained value’

GlaxoSmithKline GSK, +0.06% has issued a formal response to investor Elliott Management’s public letter this week calling for a shake-up of the pharmaceutical giant’s board of directors and executive team. GSK, one of the U.K.’s largest companies by market capitalization, backed its strategy and chief executive, Emma Walmsley, after the U.S. activist fund called on […]

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