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The Latest Breaking News from Larry Fink

'A career can be just as strong in these fields of plumbing and electricians': Blackrock boss says getting an AI job shouldn't be the end goal for everyone

Larry Fink urges society to value skilled trades as AI reshapes jobs, warns that energy costs and oil risks threaten economies.

TechRadar

Larry Fink Says Social Security Doesn't Support Wealth Creation, Pushes Trump Accounts for Young US Adults

BlackRock CEO Larry Fink warns that while Social Security prevents poverty, it fails to build long-term wealth for Americans. He proposes a shift toward the Thrift Savings Plan model to combat the 2032 insolvency crisis. Fink also threw his weight behind 'Trump Accounts' (530A) to provide $1,000 in seed money…

International Business Times UK

BlackRock CEO Larry Fink warns oil could hit $150 amid Iran‑US war, causing 'global recession'

Larry Fink, BlackRock’s CEO, warns that Iran’s ongoing threats could push oil to $150 a barrel, risking a deep global recession. Even post-ceasefire, regional instability around the Strait of Hormuz may keep prices elevated for years. He stresses the regressive impact on consumers and urges accelerated investment in alternative energy…

The Times of India

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Blackrock boss warns of ‘stark global recession’ if oil prices hit $150 due to Iran war

Larry Fink warns those on lower incomes will be harder hit than the wealthy if energy prices continue to soar

The Independent UK

Larry Fink says the Iran war ends in one of two extremes: Abundance, growth, and oil at $40 a barrel, or a global recession and years of oil at $150

“I could paint a scenario where I could see, a year from now, oil at $40 a barrel; I could see it above $150—we have two very extreme outcomes,” Fink told the BBC this morning.

Fortune

Soaring oil prices spark fear of global recession

Fears of a global recession have emerged due to soaring prices, exacerbated by the conflict in the Middle East. Larry Fink, CEO of BlackRock, has predicted a global recession if oil prices reach $150 a barrel, citing "profound implications" should Iran remain a threat. UK Chancellor Rachel Reeves warned that…

The Independent UK

Stocks rise and oil dips on hopes of 15-point Iran peace plan

Markets in Asia, Europe and US move higher after Iran says it will permit ‘non-hostile’ ships through strait of Hormuz

The Guardian - UK

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Billionaire Larry Fink says you're wrong to think that AI stealing your job is the big problem—it's really about what it's doing for his class

AI-driven benefits are still contained to a small portion of Americans, a bad sign for the growing wealth gap.

Fortune

Invesco takes over Superstate's $900 million T-bill fund as Wall Street accelerates tokenization push

Superstate is a pioneer in the fast growing field of RWAs, a term that describes real world assets that are traded as crypto tokens.

Fortune

Why Working Longer Might Make Sense for Retirement, According to Larry Fink

Here's why Fink believes working longer might make sense for retirement.

GOBankingRates

AI boom risks widening wealth divide, says BlackRock’s Larry Fink

CEO of asset manager says only a few firms and investors may reap rewards from growth in the technology

The Guardian - UK

Larry Fink says today's economic anxiety stems from people increasingly feeling like capitalism isn't working for them

"We are living through a period where things that would've defined a decade have become routine," Fink wrote.

Fortune

TV host Mike Rowe slams schools for portraying skilled trades as a ‘consolation prize’—when he’s met data center electricians making $280K a year

America pushed a generation toward college—now it’s short hundreds of thousands of skilled workers, and “Dirty Jobs” host Mike Rowe is joining CEOs of top companies like Nvidia, Ford, and BlackRock in sounding the alarm.

Fortune

BlackRock CEO Larry Fink warns AI is creating a ‘crisis’ for Gen Z workers: the class of 2026 could face the highest unemployment in years—even without a recession

New college graduates hoping for a white-collar career shouldn’t hold their breath, BlackRock boss Larry Fink warns: “AI is going to disrupt many of those types of jobs.”

Fortune

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Fortune

BlackRock’s Larry Fink predicts AI bankruptcies: ‘That’s capitalism’

Competition among AI's biggest spenders will produce winners and losers—and that's a good thing, he said.

Fortune

BlackRock is splashing $100 million on training plumbers, electricians, and HVAC technicians as its CEO flags a skilled trade worker shortage

As BlackRock CEO Larry Fink warns the U.S. could run out of electricians needed to build AI data centers, his investment company is putting $100 million to the training of skilled trades workers.

Fortune

Nobel laureate Joe Stiglitz says not only can AI take your job, it’ll make the ‘tech bro’ class richer while doing so

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

Fortune

Most Americans are woefully short on saving for retirement—Warren Buffett’s investing advice could help

The Oracle of Omaha says relying on this one strategy helped him grow his wealth.

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Fortune

Trump announces 401(k)s for all: ‘We will match your contribution with up to $1,000 each year’

Trump also pressured lawmakers to formally prohibit insider trading among legislators, shortly after mentioning Nancy Pelosi’s name.

Fortune

'No one is close': BlackRock’s Larry Fink warns Americans have saved egregiously less than they need for retirement

Many Americans have less than $150,000 saved for retirement.

Fortune

$14 trillion asset manager BlackRock aims to lock down execs to compete in the 'alts' gold rush shaking up the fund industry

The world’s largest asset manager is fighting to keep talent from leaving for rivals like Apollo, Blackstone, Goldman Sachs, and KKR.

International Business Times UK

NVIDIA CEO Jensen Huang Says 'A Lot' of Six-Figure Construction Jobs Unlocked by AI Centres Boom

Nvidia CEO Jensen Huang predicts an AI infrastructure boom will unlock millions of six-figure jobs for electricians and plumbers, shifting lucrative careers away from coding.

International Business Times UK

'Alien' Elon Musk Confesses To Being A '3000 Year Old Vampire' In Shock Online Post

Elon Musk claims he's an alien—and frustrated nobody believes him. Discover the billionaire's escalating extraterrestrial confessions, from Davos to his 3,000-year-old vampire reveal.

International Business Times UK

Elon Musk Tells Davos He Is an 'Alien' as BlackRock CEO Larry Fink Looks On

Elon Musk tells the World Economic Forum he is an alien while casting doubt on extraterrestrial life. BlackRock CEO Larry Fink interviews tech billionaire.

Fortune

The great power gap: Billionaires are 4,000 times more likely to hold office than you are, and Oxfam warns it’s ruining democracy

“We actually do face a moment in which there is a fundamental choice between oligarchy and democracy,” Oxfam America senior director of economic justice Nabil Ahmed said.

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