Active funds are outpacing passive index funds as clients seek income.
BlackRock again faces legal action from a Republican-led state over climate issues.
The BlackRock CEO says young people "have lost trust in older generations."
The New York-based firm has repeatedly said that it doesn't boycott the energy industry.
The frenzy over AI has powered a bull market across technology stocks.
The investment firm said the deal will increase its ability to offer tax-efficient investment services.
Tim Buckley is the fourth CEO of a company founded by investing legend Jack Bogle.
The gap between stock market winners and laggards has widened since 2020, the firm's analysts say.
Fidelity had $28.2 billion in revenue in 2023, up 12% from $25.2 billion the prior year.
The acquisition of GIP, which manages $100 billion, is the biggest deal in more than a decade for BlackRock.
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