BlackRock (BLK) CEO Larry Fink lashed out at political critics of the world’s largest money manager in combative new comments Friday, saying they “continuously lie.” The remarks came as his firm continues to face heat from hot-button political fights across the country. “We have done a better job now of telling our story so that […]
Tag: Fink
Musk says it’s an ‘underpopulation crisis,’ Fink calls it a ‘retirement crisis’—but Morgan Stanley says 3 stocks will take advantage of the trend
The demographic crisis. It’s on the minds of many of the business world’s heavy hitters as the realization sets in that the developed world is not having enough children. Last summer, Tesla and SpaceX CEO Elon Musk called declining birth rates “the biggest danger civilization faces by far” in a post on X.com, arguing that […]
Larry Fink Calls on Baby Boomers to Fix ‘Retirement Crisis’
(Bloomberg) — BlackRock Inc. Chief Executive Officer Larry Fink warned of a looming “retirement crisis” facing the US and called on baby boomers to help younger generations save enough for their own futures. Most Read from Bloomberg That, he said, will prevent them from becoming disillusioned with capitalism and politics in coming years. With people […]
Larry Fink Warns of ‘Snowballing Debt’ Hitting US Economy
(Bloomberg) — BlackRock Inc. Chief Executive Officer Larry Fink said the US public debt situation “is more urgent than I can ever remember” and that the country needs to adopt policies to spur economic growth. Most Read from Bloomberg The nation can’t rely on taxes and spending cuts to get the problem under control, Fink […]
BlackRock’s Fink flags US retirement crisis, plans product launch
(Reuters) -BlackRock CEO Larry Fink on Tuesday urged the government and the private sector to ensure Americans have enough money to retire and said the world’s largest asset manager would launch a product next month to address the issue. The “LifePath Paycheck” will go live in April, with 14 retirement plan sponsors aiming to make […]