Funding & Business
BlackRock Hits Record $12.5 Trillion Despite Tariff Turmoil
BlackRock Inc. pulled in $46 billion to its investment funds, and assets hit a record of $12.5 trillion as clients rode out the volatility of President Donald Trump’s tariff policies in the second quarter.
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The Czech government is proposing to increase the state budget deficit next year as the fiscally-conservative administration plans to boost spending on defense and a major energy project.
The budget draft has a shortfall of 286 billion koruna ($13.7 billion), about 19% more than the limit approved for this year, the Finance Ministry in Prague said on Sunday. The first deficit increase after four years of austerity policies is a result of additional expenditure of 49 billion koruna on defense and preparations for the construction of two nuclear reactors.
TPC Group says a loss of power at a Houston-area plant has caused flaring and has the potential for black smoke, according to a post sent via a regional emergency alert system.
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Chicago Mayor Brandon Johnson on signing executive order against Trump’s immigration crackdown plan. (Source: Bloomberg)
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