November jobs report stronger than expected
The economy added 263,000 jobs in November. FOX Business’ Cheryl Casone with more.
BlackRock Chief Financial Officer Gary Shedlin said Tuesday that the world's largest investment manager is freezing most hiring and reducing spending.
"We're trying to be a little more prudent," Shedlin explained during a financial conference hosted by Goldman Sachs.
He said these measures would help put the global investment management company in a better position next year.
BlackRock also said there were some short-term performance challenges and that it needed to think about resetting expenses in relation to revenues.