BlackRock CEO Larry Fink expressed concerns about the U.S. economy possibly slipping into a recession on CNBC, attributing fears of a downturn to President Trump’s recent tariff announcements. Fink believes the uncertainty caused by the tariffs has led to a slowdown in economic growth and decreased consumer and business sentiment. While some economic indicators like job growth and retail sales have been positive, Fink suggests that these may be skewed by consumers stocking up on goods to avoid potential tariffs. BlackRock’s first-quarter financial results were mixed, with earnings per share beating expectations but revenue falling short. The asset management firm reported $84 billion in net inflows and ended the quarter with nearly $11.6 trillion under management. Despite the concerns raised by Fink and the uncertainty in the market, BlackRock’s shares were slightly up in morning trading.
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