BlackRock CEO Larry Fink sounded the alarm on the spread of protectionist policies around the world, saying they will hinder global trade and weaken the economy. “Today, many countries have twin, inverted economies: one where wealth builds on wealth; another where hardship builds on hardship,” Fink said in his annual chairman’s letter to investors. “The divide…
BlackRock has been on a buying spree that will change the makeup of the world’s biggest asset manager. BlackRock announced last year a slew of high-profile acquisitions — including a $12 billion deal to buy private credit manager HPS Investment Partners (HPS), which is expected to close in mid-2025; a $12.5 billion purchase of infrastructure…
BlackRock CEO Larry Fink said President Donald Trump‘s efforts to unleash capital in the private sector could have unintended consequences that would hurt the stock market. “I’m cautiously optimistic. That being said, I have scenarios where it could be pretty bad,” Fink said Thursday on CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland. “I believe…
