Two Biden aides will recuse on BlackRock issues as past ties pose questions Yeganeh Torbati © Lucas Jackson/Reuters
In 2013, the asset management firm BlackRock unleashed a lobbying blitz to carpet-bomb a new Treasury Department agency, pushing federal regulators away from tightening requirements on its massive business lines.
In 2019, the company won again when the Trump administration cemented an approach that would essentially exempt large companies such as BlackRock from more scrutiny.
Now, however, the New York firm with $7.8 trillion in assets under management could face its biggest threat yet, with Democratic control of the White House and influential figures on the left bent on breaking Wall Street apart.
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about five, almost six points at 3012.81. the tone is set in say sha, numbers out of cha in a slowing down today. exports missing expectations. should we be worried? in today s closing bell, steve leisman is at their head quarters. steve, this is your wheel house global slow down or not, what do you say? there is a global slow down going on, but i want to caution people out there, especially the bears not to double count. we had this very slow chinese trade data. we seem to be reducing chinese expectations for growth. 7.9% down. look at the data and you see it s slowing there. is this reflecting weakness from europe and the united states? you can t double count that, chinese trade data and chinese economic growth is a reflection of what s happening elsewhere in the world. it s more of an input more than a output. i think the key question, especially next week, what i want you to keep your eye on is the e tail trade data. the big question for the world economy, u.s. co