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- BlackRock Record Asset Holdings Are Half The Size Of US Economy
BlackRock reported record assets under management of $15.49 trillion at the end of the third quarter, after $205 billion in net client inflows, according to its earnings release filed with the SEC on Oct. 14. GAAP earnings were $10.57 per share and as-adjusted earnings were $15.93, while revenue rose 19% to $7.75 billion and net inflows into its iShares ETFs reached about $135 billion. The company also repurchased $550 million of its shares and raised $68 billion in private markets over the past twelve months. Net inflows into its private credit funds rose $5 billion from the previous quarter, and redemption requests at its Corporate Lending Fund eased to about 11.5% of shares from 13.3%, though Moody's warned that risks could be worse than reported default rates suggest. BlackRock shares rose as much as 5% after the results but gave back those gains as the session progressed.
- BlackRock Record Asset Holdings Are Half The Size Of US Economy
BlackRock ended the third quarter with a record $15.49 trillion in assets under management after $205 billion of net client inflows. GAAP earnings were $10.57 per share, adjusted earnings were $15.93, and revenue rose 19% to $7.75 billion. Its iShares ETFs drew about $135 billion in net new flows, and the company repurchased $550 million of shares. Net inflows into its private credit funds rose $5 billion from the prior quarter, and redemption requests for its Corporate Lending Fund eased to about 11.5% of shares, though Moody's warned of mounting risks among weaker middle-market borrowers.
- BlackRock's crypto ETF assets surge 63% but remain far below 2025 peak
BlackRock reported $79.6 billion in digital assets under management at the end of September, up 63% from $48.8 billion at the end of June, according to its third-quarter earnings report. Investors added $7.9 billion to its digital asset products in the quarter, more than offsetting roughly $2.2 billion in outflows in the first half of the year, while rising crypto prices contributed $22.9 billion of the $30.8 billion increase in assets. Holdings remain 23% below the nearly $104 billion of a year earlier. Over the past 12 months, net inflows totaled $6.3 billion, but market declines erased $30.6 billion. BlackRock earned $39 million in quarterly fees and securities lending revenue from its digital asset products, and did not provide separate figures for its bitcoin fund, IBIT.
- Equal-weight failed. Now tech stocks look shaky again. So what should you do about S&P 500 risk?
Equal-weight S&P 500 funds have again trailed the standard market-cap index in 2026, with September's drop of more than 4% marking their longest multi-week losing streak since 2022. Recent gains have been highly concentrated: Goldman Sachs says market breadth is at its lowest since the dotcom bubble, and The Kobeissi Letter finds 42 AI stocks generated 67% of the S&P 500's price return since the start of 2024. DataTrek notes equal weight has lagged the cap-weighted index in any one-year holding period for almost four years, while tech makes up about 16% of the equal-weight index versus nearly 40% of the standard one. TMX VettaFi's Todd Rosenbluth advises combining cap-weighted ETFs such as VOO and SPYM with equal-weight options like RSP or EQL rather than choosing one, or adding mid-cap funds such as IJH. Baird Strategas' Todd Sohn says investors should keep their eyes open, noting Nvidia is larger than the S&P 500's entire consumer discretionary sector.
- LIVE NOW : IMF Chief Georgieva , Fed Chair Warsh Discuss Forces Reshaping Global Economy
- India $4 trillion economy : Can it beat its 2003 07 growth streak and become No . 3 by 2030 ?
India's economy shrank 5.8% during the pandemic, then rebounded 9.7% in 2021 and grew more than 7% a year for four straight years, according to Kim. Its 7.83% average growth over 2021-2025 is the second-highest five-year average since 1960, just below the 7.89% recorded in 2003-2007. GDP has grown from slightly above $1 trillion in 2007 to nearly $4 trillion now, so the same 7% rate adds far more output than it did two decades ago. The World Bank, IMF and ADB all project growth around or above 7% for the current and next fiscal years, though the article notes these are not guarantees. Kim said India is projected to become the world's third-largest economy around 2030, a outcome that would depend on exchange rates, inflation and the performance of other major economies.
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According to Research and Markets, the global FinFET technology market was valued at $38.5 billion in 2024 and is projected to reach $97.1 billion by 2030, growing at a compound annual growth rate of 16.7%. Demand for high-performance, energy-efficient chips across consumer electronics, data centers, automotive, AI and IoT is driving growth. The CPU segment is forecast to reach $36.6 billion by 2030, while China is the fastest-growing market, with an 18% CAGR and $20.8 billion by 2030. The report also assesses the impact of tariffs on semiconductor supply chains and profiles companies including TSMC, Samsung, Intel and NVIDIA.
- The sorrow of Europe's “big brother” economy: Bonds keep selling off heavily after a “turbulent weekend”
French 10-year government bond yields rose 0.14 percentage points to 4.93% after a turbulent weekend, while the spread over German bonds returned to 1.47 percentage points. Nationwide protests over rising living costs and student education conditions turned into widespread rioting and looting; the government said at least 3,000 shops and businesses were looted, and the French retail federation estimated damages could reach “several hundred million euros.” More than 2,500 people are under formal investigation, 67 of them detained, and several cities have imposed curfews. President Macron rejected Interior Minister Laurent Nuñez’s resignation offer, even though Nuñez admitted police were deployed too thinly for protests of over 550,000 people, against an expected 200,000. Opposition politicians and the mayors of Paris and Marseille criticized the government for letting police lose control of the situation.
- President Donald Trump Claims, "We Don't Have Inflation, and Tariffs Don't Cause Inflation," but a New Report Strongly Disagrees
Although the stock market has posted strong returns under President Trump, the article argues his inflation-driving policies may be the biggest threat to the AI-driven bull market. A New York Federal Reserve report by three economists finds that by February 2026, tariffs had added 2.9 percentage points to goods price inflation, and each percentage point increase in average tariffs lifted consumer prices by about a quarter of a point after one year. Beyond tariffs, the Iran war and the ongoing closure of the Strait of Hormuz have pushed fuel prices sharply higher, with fuel oil up 74.0% and gasoline up 34.2% over the past year, while overall CPI rose 3.7%. The article warns that persistent inflation could prompt the Fed to raise rates more aggressively, slowing AI infrastructure investment and sending stocks lower.
- Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.
- A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon
VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.
- IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?
The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.
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