Financial News

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Fed Discloses BlackRock’s Fees for Bond-Purchasing Program

Fed Discloses BlackRock’s Fees for Bond-Purchasing Program

The Federal Reserve Bank of New York on Friday disclosed new protections aimed at reducing BlackRock Inc.’s chances of profiting unfairly from its contract to buy bonds on behalf of the U.S. government. Earlier this week, the Fed picked BlackRock’s...

Cannabis supplier GrowGeneration reports full-year earnings miss

Cannabis supplier GrowGeneration reports full-year earnings miss

Cannabis grow supply company GrowGeneration Corp. GRWG, -1.14% shares fell 4.5% in the extended session Friday after the company missed the consensus estimates for full-year earnings. The company reported fiscal 2019 net income of $1.9 million,...

AMC Networks withdraws Q1 and fiscal 2020 outlooks

AMC Networks withdraws Q1 and fiscal 2020 outlooks

AMC Networks Inc. AMCX, -3.95% said late Friday it was withdrawing its first quarter 2020 and full-year 2020 guidance due to uncertainty during the coronavirus pandemic. The entertainment company also updated investors on its liquidity position,...

BlackRock to waive fees for running bond-buying program

BlackRock to waive fees for running bond-buying program

BlackRock, the massive asset manager tapped to manage the Federal Reserve's bond purchase stimulus program, will charge no fee, according to a term sheet released late Friday. BlackRock BLK, -3.89% will also credit back the value of all underlying...

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