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The Latest Breaking News from Larry Fink

Weekend Round-Up: Bitcoin's New Role, Hacked CEOs And Big Bets on Crypto

This week was a whirlwind of activity in the crypto world. From CEOs discussing the future of Bitcoin to unexpected hacks, the industry was buzzing with news.

Benzinga

Palantir CEO Predicts AI Will Make Him $300B While Workers Get Left Behind

Palantir CEO Alex Karp warns AI will hyper-enrich tech owners with $300B fortunes, leaving middle-class workers with modest gains. Read his prediction.

International Business Times

Palantir CEO Alex Karp Predicts AI Will Give Him a $300BN Fortune While Workers Get Smaller Gains

Palantir CEO Alex Karp predicts AI will significantly enrich tech owners, potentially increasing his wealth to $300 billion, while offering modest financial gains for middle-class workers.

International Business Times UK

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With a $15 billion net worth, Palantir CEO Alex Karp predicts he will get 20x richer from AI—but that middle-class workers will get just modest raises

Palantir CEO Alex Karp expects his fortune to grow to $300 billion thanks to AI—he says the U.S “biggest problem” is wealth going to unrelatable tech bros.

Fortune

BlackRock tops $15tn: Where does the world's largest asset manager put it all?

BlackRock has become the first asset manager to oversee more than $15 trillion (€13tn), nearly three times the nominal annual output of Germany, the EU’s largest economy. Here is how the money is spread.

Euronews

Larry Fink Says the Bitcoin Bottom Is In, While His Own Fund Just Bled $3 Billion.

On July 15, BlackRock's Larry Fink told CNBC that the brutal crypto selloff, which knocked Bitcoin from a $126,000 October 2025 record to the low $60,000.

International Business Times

Here’s the ‘Baby Buffett’ Investing Story I Meant to Write Before BlackRock Distracted Me.

The case for billionaire Taylor Swift as the next Warren Buffett, and how to track a core watchlist of picks at Barchart.

Barchart

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BlackRock assets hit record $15 trillion on boost from buoyant markets, ETF inflows

In a remarkable show of strength, BlackRock announced impressive second-quarter profits that outpaced Wall Street's forecasts. Driven by a buoyant stock market, client assets surged to an unprecedented $15.34 trillion. The firm's iShares ETF franchise was a significant contributor, pulling in $192 billion in client cash. Additionally, private markets experienced…

The Economic Times

Nvidia’s CEO Jensen Huang says electricians and plumbers will be needed by the hundreds of thousands in the new working world

The $5 trillion tech CEO warns the future won’t be powered by tech bros—but rather the blue-collar workers.

Fortune

BlackRock Just Dumped 1,000 Bitcoin Into the Worst Possible Weekend

BlackRock, the single largest holder of Bitcoin on the planet through its IBIT ETF, offloaded more than 1,000 BTC in one Thursday session.

International Business Times

BlackRock Cuts 200 Jobs Despite Record $14 Trillion in Assets: Calls It 'Ordinary Discipline'

BlackRock's strategic layoffs align with the financial sector's AI adoption and ongoing expansion through mergers, reflecting a shift towards operational efficiency.

International Business Times UK

China fueling U.S. data center resistance, AI groups claim

Data center critics counter that the industry is using China as a bogeyman.

Axios

How the war in Iran could impact £3bn of UK pensions

INVESTIGATION: New analysis from the Bureau of Investigative Journalism and The Independent finds that billions of pounds of UK pensions have been left exposed to the ongoing conflict in the Middle East. Josephine Moulds and Nick Ferris report

The Independent UK

US Needs Trillions To Stay Ahead of China in AI Race — Blackrock CEO Points to Pensions and Retirement Savings

BlackRock's Larry Fink urges trillions in AI investment to keep US ahead, citing national security risks if China advances. His proposal to use retirement savings sparks social media uproar.

International Business Times UK

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International Business Times

Is AI coming for mundane workflows? Tech CEOs on proper AI use

The human brain is the only thing that can solve differential equations while running on pizza and chicken McNuggets, but LLM's can shave off costs on tedious and mundane tasks.

Fortune

AI will make the 'tech bro' class even richer, Nobel laureate Joe Stiglitz says, just as it can take your job

“Unfortunately, the tech bros, who are obviously advocates of this, are at the same time pushing for smaller government,” Stiglitz told Fortune.

Euronews

Trump's China visit: US CEOs Musk, Cook and Nvidia’s Huang join trade talks

A high-level delegation of business executives is travelling to China with US President Donald Trump on Wednesday, with the inclusion of Jensen Huang underscoring how AI chip exports and advanced technology trade are likely to be central to discussions between the two nations.

Fortune

Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account

Around four in 10 U.S. Gen Xers, and even some baby boomers, haven’t saved for retirement—as current retirees who didn’t save enough endure a “nightmare.”

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Euronews

Iran war and Strait of Hormuz disruption drive Wall Street shift to 24/7 tokenised markets

Driven by the need to manage risk outside of traditional exchange hours and the desire for greater capital efficiency, major banks and hedge funds are moving towards "always-on" digital infrastructure.

Fortune

Xi Jinping says the world order is ‘crumbling into disarray.’ Larry Fink and the IMF are worried about a global recession

The Iran war, trade chaos, and a shifting geopolitical landscape are converging into what could be the defining economic moment of the decade.

Fortune

Palantir CEO says AI ‘will destroy’ humanities jobs, but there will be ‘more than enough jobs’ for people with vocational training

Alex Karp said he struggled to market his humanities skills to get his first job.

Fortune

A Yale economist says AGI won't automate most jobs—because they're not worth the trouble

Pascual Restrepo's new NBER paper argues it's not about what AI can do. It's about what AI will bother doing—and most human work doesn't make the cut.

Fortune

What it takes to retire comfortably in America: Nearly $1.5 million, Northwestern Mutual says

The price tag on a comfortable retirement keeps climbing—and most Americans are nowhere close.

The Independent UK

Why Gen Zs are taking up trades instead of going to university

IN FULL

The Independent UK

Meet the middle-class Gen-Zers who’d rather be plasterers and electricians than go to university

IN FOCUS: As BlackRock CEO Larry Fink argues that young people should think twice before heading off to university and consider learning a trade instead, Katie Rosseinsky speaks to the workers opting for a more AI-proof career

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