Larry Fink, BlackRock chairman and CEO, joins CNBC's 'Squawk on the Street' to discuss how he's thinking about U.S. recession odds, trade relations, and more
The asset management executive spoke to CNBC's "Squawk Box" about the state of the economy, which has been rattled by tariffs from the Trump administration.
Higher revenues and record AUM numbers support BLK's Q1 earnings amid rising expenses and weak market performance.
Gold prices hit $3,200 for the first time on Friday. Trump's tariffs and China's retaliatory action have roiled global markets.
BlackRock (BLK) reported better-than-expected first-quarter adjusted profit as the investment giant reported another assets under management (AUM) record.
BlackRock (BLK) came out with quarterly earnings of $11.30 per share, beating the Zacks Consensus Estimate of $10.25 per share. This compares to earnings of $9.81 per share a year ago.
BlackRock's quarterly net income fell slightly from a year earlier, while the investment firm's assets under management edged higher to a record $11.6 trillion.
BLK's first-quarter 2025 results are likely to be aided by higher inflows, partially offset by market decline and higher costs.
BlackRock (NYSE: BLK), the world's largest asset manager, has expressed a cautious outlook on the United States stock market.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for BlackRock (BLK), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.
The country's top auditor said CK Hutchison owes the government $300 million, posing a hurdle to a plan touted by Trump to bring the ports under U.S. control.
BlackRock Inc (NYSE:BLK) CEO Larry Fink said the US is "probably" already in a recession and warned that stock markets could fall another 20% as the full effects of US tariffs and retaliations become clear. "Most CEOs I talk to would say we are probably in a recession right now," Fink said in a talk at the Economic Club of New York on Monday.