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BlackRock launches new model portfolio to further private market push

BlackRock has launched its first model portfolio blending private and publicly traded assets, it said on Wednesday, as it looks to expand its footprint in the lucrative private market landscape. Model portfolios are blueprints that financial advisers use to manage their clients' investments. Tailored for a variety of risk tolerances and goals, they can help advisers save time and costs they would otherwise have spent on building portfolios from scratch.

Sports Illustrated to Roll Out Athletics-Linked Wagers Market

(Bloomberg) -- The Sports Illustrated brand is teaming up with UK-based media firm Galactic to launch a predictions market allowing users to bet on anything linked to athletic events — except the outcome of games.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.How SUVs Are Making Traffic WorseParis Votes to Make 500 More Streets Car-Fre

3 Small-Cap Stocks Skating on Thin Ice

Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street. Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.

1 Consumer Stock to Own for Decades and 2 to Turn Down

Retailers are adapting their business models as technology changes how people shop. But many seem to be moving too slowly as their demand is lagging, causing the industry to underperform the market - over the past six months, retail stocks have shed 13%. This drop was particularly discouraging since the S&P 500 stood firm.