Ryan Cohen, the billionaire investor, is preparing to acquire a large stake in Nordstrom in order to shake up its board, said Reuters citing people familiar with the matter.

Billionaire Ryan Cohen preps to up stake in Nordstrom to shake up board

According to the reports, BlackRock Inc, the world's largest asset manager, is cutting some staff after growing in recent years, with 500 jobs impacted. Watch to know more.

BlackRock plans to lay off 500 workers worldwide

Wall Street banks and financial institutions are cutting costs to stay afloat as global deal-making slows and risks of a global recession loom. Blackrock, the world's largest asset manager, is set to cut 500 jobs, joining a long list of top firms worldwide looking at lowering costs ahead of an expected recession this year, reported Bloomberg.

Blackrock to layoff 500 workers, joining other top firms in cost cuts

Amid growing tensions between Washington and Beijing, BlackRock, the world’s largest asset manager, has put off the launch of an exchange-traded fund that invests in Chinese bonds.

WION Business News | BlackRock delays China bond ETF launch

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