BlackRock Inc. Chief Executive Officer Larry disposed of 41,706 shares — about 5% of his stake in the business — at an average price of $580.29 on July 21, according to a regulatory filing. The filings didn’t indicate that his sales this year were made under a pre-scheduled trading plan.The latest disposal comes as corporate insiders, whose buying accurately signaled the market bottom in March, are now mostly sellers.
“For our economy to be fully operational again it can’t be this bipolar economy,” the CEO said. “There’s been a lot of healing, and that’s what the market is reflecting, but there’s still a great component of our economy that hasn’t healed and is still struggling.” BlackRock shares have jumped 16% this year and the company reported this month a rebound in flows to products such as mutual funds and exchange-traded funds.
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Business Maverick: Tesla Growth Is Musk’s Goal After Profit Positions Stock for S&PTesla Inc. managed to stay profitable even in the midst of a global pandemic, but something is still nagging at Elon Musk: the electric-car maker isn’t growing fast enough.
منبع: dailymaverick - 🏆 3. / 84 ادامه مطلب »
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BUSINESS MAVERICK: UCT study finds soaring prices for illicit cigarettes burn smokers, suggests sin tax hikeThe second online survey of smokers under lockdown by UCT’s Research Unit on the Economics of Excisable Products (Reep) has found that the price of cigarettes has soared 250% since licit sales were banned in March, and that steep prices are the biggest incentive for quitting. It recommends the government lift the ban and raise sin taxes.
منبع: dailymaverick - 🏆 3. / 84 ادامه مطلب »