BlackRock CEO Larry Fink expressed concern about the possibility of the U.S. economy entering a recession, citing weakening economic indicators and increased uncertainty caused by President Trump’s tariffs. Fink believes that the economy is currently experiencing a slowdown and that consumer and business sentiment has weakened in recent months. Despite some positive economic data such as job growth and retail sales, Fink suggested that stockpiling ahead of threatened tariffs may be masking underlying weaknesses. BlackRock released mixed first-quarter financial results, with better-than-expected earnings per share but revenue falling short of expectations. The company also reported significant inflows of assets and ended the quarter with nearly $11.6 trillion under management. In light of these developments, Fink highlighted the anxiety and uncertainty prevailing in the markets and economy, leading to cautious investor sentiment. Despite the uncertainty, BlackRock’s shares were up slightly in morning trading.
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