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The Latest Breaking News from Larry Fink

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

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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

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.

International Business Times

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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.

Fortune

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.

Euronews

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.”

Fortune

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.

Euronews

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

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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

TechRadar

'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.

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news in one place.

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International Business Times UK

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…

The Times of India

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 Independent UK

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

Fortune

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.

The Independent UK

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 Guardian - 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

Fortune

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.

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