Investors added a net $35 billion in new money to BlackRock’s coffers, down by about half from the prior-year period
New data show how chunks of the U.S. economy froze in March, business executives tell President Trump that a lot more coronavirus testing is needed to get Americans back to work, and New York is set to require people wear face coverings in public. WSJ’s Shelby Holliday has the latest on the pandemic. Photo: Johannes Eisele/Getty ImagesMoney management giant BlackRock Inc.’s profits fell by 23% in the first quarter, as a global pandemic and waves of selling gripped the investment world.
Investors added a net $35 billion in new money to the firm’s coffers, down by about half from the prior-year period.
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