BlackRock CEO Larry Fink says almost everyone he talks to is ‘more anxious about the economy than any time in recent memory' [Fortune]
Bank of America Corporation (BAC)
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Source: Fortune
Many of the fears stem from mounting uncertainty about how the Trump administration's tariff policy will affect the economy. Everyone keeps telling the CEO of the world's largest asset manager how worried they are about the economy. “I hear it from nearly every client, nearly every leader—nearly every person—I talk to,” BlackRock CEO Larry Fink wrote in his annual letter on Monday. “They're more anxious about the economy than any time in recent memory.” Fink's comments came on Monday when the stock markets slipped as soon as it opened and investors feared impending tariffs could further hurt the economy. Major indices fell across the board. The S&P 500 dropped 0.75%, the Nasdaq Composite fell 1.82%, and stock futures fell on a negative outlook. Wall Street cut its economic projections and raised the chances of a recession. The inciting factor for the doom and gloom on Wall Street was the impending deadline for President Donald Trump's tariffs , which are set to go into effect on
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Sec Filings
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