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(Bloomberg) -- BlackRock Inc. awarded Chief Executive Officer Larry Fink additional pay perks known as carried interest tied to the asset manager’s major expansion in private markets, saying the co-founder has a key role in the firm’s long-term plans.Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MaySaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterCutting Arena Subsidies

President Donald Trump announced his administration will study reciprocal tariffs, but stopped short of implementing them at this time.

U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since December 2023, energy services firm Baker Hughes said in its closely followed report on Friday. Despite this week's rig increase, Baker Hughes said the total count was still down 33 rigs, or 5% below this time last year. Baker Hughes said oil rigs rose by one to 481 this week, while gas rigs gained one to 101.

The state’s investment board's stake is worth more than $340 million at IBIT's current price of $56.10.

HUD cuts are expected to hit offices conducting research, policing discrimination, and providing community aid.

“We are a multiproduct business,” Coinbase CEO Brian Armstrong said after his company released its Q4 earnings.

(Bloomberg) -- Elon Musk’s aggressive push to cancel federal leases is pressuring some municipal bonds backed by payments from the US government.Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltSpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayHow to Build a Neurodiverse CitySaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterThe White House has urged the General Services Administration, the government’s real estate manage