Black Hills Corp

BlackRock cautions that energy supply disruptions from Middle East tensions may sustain inflationary pressures, though it views the shock as likely lasting weeks rather than months. The firm remains underweight long-term U.S. bonds and prefers U.S. and Japanese stocks.

BlackRock has restricted redemptions from its $26 billion private-credit fund after requests surged, intensifying stress in real estate-linked markets. Fitch warns of record defaults in the sector.

AES Corporation has entered into a definitive agreement to be acquired and taken private for $15.00 per share in cash by an investor group led by Global Infrastructure Partners and EQT Infrastructure. The deal follows a significant stock price decline as investors weigh regulatory hurdles.

Citigroup shares advanced 2% to $116.54 as BlackRock awarded the bank a major ETF servicing mandate. The move follows Citi's sale of a 24% Banamex stake and comes amid a broader market decline led by tech.

BlackRock's stock rose 2.5% following an FX workflow automation partnership with Deutsche Bank and a consolidation of municipal closed-end funds. Investors await CFO commentary and key economic data.

Blackstone shares gained 1.2% as the firm leads a $10 billion private credit package for Australian AI infrastructure developer Firmus. Investors are monitoring U.S. economic data for rate clues.