Wall Street titans Larry Fink and Jamie Dimon say ‘rising fear and less hope’ are pushing the chances of a recession higher

Larry Fink, chief executive officer of Blackrock Inc., at the Berlin Global Dialogue in Berlin, Germany, on Friday, Sept. 29, 2023. (Credit: Krisztian Bocsi—Bloomberg via Getty Images)

Geopolitical turbulence is at its worst since the globe was on the cusp of entering World War II—and the instability is pushing us all closer to a recession, Wall Street heavyweights Larry Fink and Jamie Dimon have warned.

In an interview with British newspaper The Times over the weekend, BlackRock co-founder and CEO Larry Fink said geopolitical turbulence was “shaping all our lives,” as the Israel-Hamas and Russia-Ukraine wars rage on with no sign of a resolution.