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BlackRock's Larry Fink says there's no big recession headed for the US economy, but inflation will be 'stickier for longer'

Inflation will stay high, flying in the face of the Fed's monetary policy tightening amid a host of…

Morgan Chittum   


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2 mins read

Even if the US is in a recession, it's likely to be mild and there's no need to panic over 'fixable' inflation, BlackRock's Larry Fink says

The problem isn't demand, it's supply, and while inflation is elevated, it's all fixable, Larry Fin…

Amanda Cooper   


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BlackRock plans to launch a blockchain and tech ETF, tracking crypto-focused companies worldwide

The iShares ETF will list at least 35 companies, from blockchain techs to crypto miners, according …

Hamza Fareed Malik   


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BlackRock downgrades US stocks as the world's largest asset manager sees growing risk that the Fed's rate hikes will trigger a recession

The one catalyst that would reverse BlackRock's view on US stocks is if the Fed makes a dovish pivo…

Matthew Fox   


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BlackRock CEO Larry Fink says he's likely in the same camp as Jamie Dimon in seeing bitcoin as worthless, though there are opportunities in blockchain

The BlackRock CEO told CNBC he's not a student of bitcoin and he can't say whether the cryptocurren…

Carla Mozée   


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The oldest consumer advocacy group in the US sent a letter to 10 governors bashing BlackRock for investing state pension money into Chinese markets

'We recognize that our stakeholders have differing views on China - BlackRock takes those concerns …

Carla Mozée   


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3 mins read

Wall Street warning: Ray Dalio, Jamie Dimon, Larry Fink issue grim outlooks for the global economy

Five of Wall Street's biggest players tackled topics including inflation, recession, commercial rea…

Theron Mohamed   


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Markets are getting their Fed call wrong, and the central bank isn't poised to cut rates anytime soon, BlackRock says

"We don't see rate cuts this year – that's the old playbook when central banks would rush to rescue…

Carla Mozée   


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BlackRock says there's a good chance the Fed will have to hike interest rates to 6%, the highest level in 20 years

The chance inflation will stick around means the Federal Reserve will have to keep on hiking its ke…

Zinya Salfiti   


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2 mins read

BlackRock has joined the bitcoin business - the world's largest asset manager has said two of its funds can now invest in the cryptocurrency

The clients of the world's largest asset manager will be able to invest in cryptocurrencies for the…

Shalini Nagarajan   


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8 mins read

Meet 11 Republican officials crusading against BlackRock and ESG investing ahead of the midterms

The attacks come as investors pull money from ESG funds and regulators scrutinize the vast sustaina…

Rebecca Ungarino   


Zahra Tayeb   


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3 mins read

BlackRock bumps junior comp

BlackRock is joining other Wall Street firms in raising base pay for more junior employees with an …

Dan DeFrancesco,Jordan Parker…   


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1 min read

The head of BlackRock's iShares says the world's largest asset manager isn't racing to launch a crypto ETF

Salim Ramji said he is holding back on a cryptocurrency ETF due to the "opaque" regulatory framewor…

Phil Rosen   


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2 mins read

BlackRock's Fink says cryptocurrencies may become a great asset class- but his institutional clients aren't interested in it

Fink told CNBC Thursday that his conversations with institutional clients have focused more on clim…

Emily Graffeo   


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Billionaire investors Ken Griffin and Bill Ackman meet with Volodymyr Zelenskyy as Ukraine looks to rebuild its economy with private-sector funds

During a meeting Wednesday in New York, Ukrainian President Volodymyr Zelenskyy put forward a propo…

Zahra Tayeb   


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2 mins read

US risks 'funding our own destruction' if investor capital flows to Chinese defense firms, key lawmaker says

Congressman Mike Gallagher urged President Joe Biden to consider wider restrictions on US investmen…

Filip De Mott   


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4 mins read

Inside BlackRock's powerful consulting arm

Take an inside look at BlackRock's Financial Markets Advisory unit, the small but powerful consulti…

Dan DeFrancesco,Jordan Parker…   


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The Chinese government has reportedly taken stakes in ByteDance and Weibo as its hold on tech tightens

In the wake of the ByteDance news, Sen. Marco Rubio, a noted China hawk, called on the Biden admini…

Ethan Wu   


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2 mins read

BlackRock boss Larry Fink calls on CEOs worldwide to disclose concrete plans for reaching net zero by 2050

BlackRock's CEO Larry Fink told companies to "disclose a plan for how their business model will be …

Kate Duffy