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BlackRock CEO Larry Fink Warns of Recession if Data Center Construction Halts

The Wall Street Journal +3 ·

BLK Blackrock Inc
$1066.12 -1.64%
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  1. 1BlackRock reported third-quarter earnings that exceeded expectations.
  2. 2BlackRock CEO Larry Fink warned that a halt in data center construction would lead to a recession.
  3. 3BlackRock shares rose approximately 1% during late morning trading.

So what's the key point?

BlackRock announced that it earned more money than expected. BlackRock shares rose about 1% following a warning that the economy could face difficulties if data center construction stops.

Source The Wall Street Journal +3 · View original ↗

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