#larryfink

@TheBadPlace@mastodon.ozioso.online · 3d ago

9News | The motley crew of billionaires tagging along on Trump's China visit by 9News AI generated summary, Read the full article for complete information. Donald Trump arrived in Beijing atop Air Force One accompanied by a heavyweight delegation of U.S. business leaders and billionaires whose combined net worth exceeds a trillion dollars, including Elon Musk, Tim Cook (referred to as “Tim Apple”), Jensen Huang of NVIDIA, leaders from Apple, Boeing, Meta, Mastercard, Visa, Goldman Sachs, Micron and others, as well as filmmaker Brett Ratner. Trump announced that his first request of President Xi will be to “open up” China for these companies to make deals, hoping to revive U.S.‑China trade after recent tariffs that have slashed Chinese purchases of American goods. The entourage also sparked controversy, with Musk facing potential legal trouble for traveling abroad despite a court order, and Trump defending the inclusion of Huang after a media report claimed he had been snubbed. The trip underscores Trump’s pattern of surrounding himself with corporate titans to pursue economic and diplomatic goals in China. Read more: https://www.9news.com.au/world/donald-trump-china-visit-beijing-elon-musk-billionaires-apple-boeing-tesla-brett-ratner-usa-news/ab06c2f2-4bdd-4b78-9f1e-1e779a0abba4 #DonaldTrump #ElonMusk #TimCook #GoldmanSachs #JensenHuang #LarryFink #StephenSchwarzman #KellyOrtberg #BrianSikes #JaneFraser #larryculp #DavidSolomon #SanjayMehrotra #CristianoAmon #BrettRatner

0

The Bad Place

@TheBadPlace@mastodon.ozioso.online · 4d ago

Times of India | After reports of Nvidia CEO Jensen Huang missing Trump’s China visit, US President says ‘Jensen is currently ...’ AI generated summary, Read the full article for complete information. US President Donald Trump reportedly called Nvidia CEO Jensen Huang on the morning of May 12, urging him to join the President’s China delegation, and Huang subsequently boarded Air Force One for the trip. Trump confirmed Huang’s participation in a Truth Social post, listing other tech leaders such as Elon Musk, Tim Cook, Larry Fink, and several CEOs who will travel to China to meet President Xi Jinping, with the President’s agenda focused on agriculture and commercial aviation rather than high‑end semiconductors. The article notes that while the administration has cleared Nvidia’s H200 AI chips for export to China, the deals have stalled due to Chinese regulatory hurdles, and Trump plans to ask Xi to “open up” China for these industry leaders. Read more: https://timesofindia.indiatimes.com/technology/tech-news/after-reports-of-nvidia-ceo-jensen-huang-missing-trumps-china-visit-us-president-says-jensen-is-currently-on-/articleshow/131057141.cms #JensenHuang #DonaldTrump #Nvidia #XiJinping #Qualcomm #ElonMusk #TimCook #LarryFink #StephenSchwarzman #KellyOrtberg #BrianSikes #JaneFraser #larryculp #DavidSolomon #SanjayMehrotra #CristianoAmon

0

The Bad Place

@TheBadPlace@mastodon.ozioso.online · 4d ago

The New Republic | Trump’s China Entourage Shows Just How Blatant His Corruption Is by Edith Olmsted AI generated summary, Read the full article for complete information. President Donald Trump flew to China accompanied by his son Eric, daughter‑in‑law Lara, and a roster of more than a dozen top American CEOs—including Elon Musk, Tim Cook, Larry Fink and Boeing’s Kelly Ortberg—who hope the summit with President Xi will secure business favors; critics say the trip exemplifies blatant corruption, noting Eric Trump’s lucrative real‑estate deals and the Trump Organization’s past $5.5 million Chinese spending, while other reports from the same day detail Trump’s dismissive remarks that Americans’ financial hardships “don’t even a little bit” motivate his Iran‑war negotiations, the contentious Senate hearing where FBI Director Kash Patel clashed over alleged drinking problems, an ICE raid that mistakenly detained a U.S. citizen despite his Real ID, and a proposed $1 billion White House ballroom project that would siphon taxpayer money into extensive security upgrades. Read more: https://newrepublic.com/post/210329/donald-trump-china-entourage-corruption #DonaldTrump #EricTrump #TrumpOrganization #foreignpolicy #LaraTrump #ElonMusk #TimCook #LarryFink #XiJinping #HunterBiden #RevaGoujon #BrettRatner

0

The Bad Place

@TheBadPlace@mastodon.ozioso.online · 4d ago

Observer | 16 Business Leaders to Join Trump on High-Stakes China Trip, With Notable Absences by Rachel Curry AI generated summary, Read the full article for complete information. President Donald Trump is set to travel to Beijing for a two‑day summit with Chinese President Xi Jinping, accompanied by a delegation of 16 top U.S. executives from technology, finance and manufacturing, including Apple CEO Tim Cook, Tesla and SpaceX founder Elon Musk, BlackRock’s Larry Fink and CEOs of Qualcomm, Micron, Boeing, Goldman Sachs and others. The visit comes amid heightened U.S.–China tensions over trade, AI, semiconductor exports, Taiwan, fentanyl trafficking and the broader geopolitical fallout of the Iran war, and signals the growing role of corporate America in diplomatic negotiations as firms seek to secure supply‑chain stability and market access. Notable absences were Nvidia’s Jensen Huang, OpenAI’s Sam Altman and Cisco’s Chuck Robbins, while the delegation is expected to discuss potential new “boards of investment” and “boards of trade” and address specific corporate interests such as Tesla’s approval for its full‑self‑driving technology and Boeing’s pursuit of a major Chinese aircraft order. Read more: https://observer.com/2026/05/16-business-leaders-to-join-trump-on-high-stakes-china-trip-with-notable-absences/ #DonaldTrump #XiJinping #ElonMusk #TimCook #LarryFink #Tesla #SpaceX #Apple #BlackRock #Boeing #Blackstone #BrianSikes #business #cargill #ChuckRobbins #Cisco #citi #coherent #CristianoAmon #DavidSolomon #DinaPowellMcCormick #finance #geaerospace #GoldmanSachs #illumina #JacobThaysen #JaneFraser #JensenHuang #JimAnderson #KellyOrtberg #larryculp #Mastercard #Meta #MichaelMiebach #micron #Nvidia #OpenAI #policy #Qualcomm #RyanMcInerney #SamAltman #SanjayMehrotra #StephenSchwarzman #technology #trade #visa #CristianoAmon #SanjayMehrotra #JensenHuang #ChuckRobbins #SamAltman

0

47

0

The Bad Place

@TheBadPlace@mastodon.ozioso.online · 4d ago

ABC News: Top Stories | Musk, Cook and other prominent US executives invited to join Trump on trip to China AI generated summary, Read the full article for complete information. According to a White House official, President Donald Trump has invited several high‑profile U.S. business leaders to accompany him on his upcoming trip to China, including Elon Musk—former head of the short‑lived Department of Government Efficiency and CEO of Tesla and SpaceX—who has been dealing with legal issues and ongoing AI controversies; Tim Cook, the outgoing Apple chief who has navigated tariff negotiations and shifted iPhone production amid Trump’s trade policies; and Robert “Kelly” Ortberg, the new Boeing CEO focused on recovering the aerospace giant while pursuing aircraft sales to Chinese airlines despite steep new Chinese tariffs. The delegation highlights Trump’s emphasis on trade, artificial intelligence and broader economic ties as he prepares to meet President Xi Jinping in Beijing. Read more: https://abcnews.com/Business/wireStory/musk-cook-prominent-us-executives-invited-join-trump-132884855 #ElonMusk #TimCook #DonaldTrump #XiJinping #business #RobertOrtberg #LarryFink #StephenSchwarzman

0

The Bad Place

@TheBadPlace@mastodon.ozioso.online · 6d ago

Times of India | BlackRock CEO Larry Fink disagrees with everyone who says there is AI bubble; says: It's actually the opposite, as we have severe shortage of … AI generated summary, Read the full article for complete information. BlackRock CEO Larry Fink told the Milken Institute Global Conference that there is no AI bubble – the opposite problem is a severe shortage of computing capacity, chips and memory, as demand for AI infrastructure is outpacing supply. He warned that this scarcity could create a new tradable asset class, with futures tied to compute power. BlackRock is expanding its AI exposure, planning to partner with an undisclosed hyperscaler and working alongside Microsoft, Nvidia and the UAE‑based MGX to fund data‑centre and energy projects, including a $40 billion deal to acquire Aligned Data Centers and a $10.7 billion purchase of power producer AES Corp with EQT. Fink’s view echoes Brookfield’s Bruce Flatt, who said AI and cloud will rewire the global economy over the next decade, while the four major hyperscalers (Alphabet, Amazon, Meta and Microsoft) are slated to spend more than $650 billion on AI in 2026, dwarfing the $25‑$30 billion annual revenues reported by OpenAI and Anthropic. Read more: https://timesofindia.indiatimes.com/technology/tech-news/blackrock-ceo-larry-fink-disagrees-with-everyone-who-says-there-is-ai-bubble-says-its-actually-the-opposite-as-we-have-severe-shortage-of-/articleshow/130998956.cms #LarryFink #BlackRock #BruceFlatt

0

The Bad Place

@TheBadPlace@mastodon.ozioso.online · Apr 06, 2026

US Top News and Analysis | New college graduates face a tough job market. Here’s why unemployment hits them harder New college graduates face a tough job market: Money moves to help New college graduates face a tough job market: Here’s why unemployment hits them harder Published Mon, Apr 6 2026 8:43 AM EDT Annie Nova BlackRock CEO Larry Fink said at a BlackRock summit in March that 2026 graduates could experience the highest jobless rate in years, due in part to artificial intelligence making more entry-level roles obsolete. Read more: https://www.cnbc.com/2026/04/06/college-graduates-job-market-unemployment.html #larryfink #collegegraduates #artificial-intelligence #unemploymentbenefits #jobmarket

0

The Bad Place

@TheBadPlace@mastodon.ozioso.online · Mar 28, 2026

bing news | BlackRock CEO Larry Fink took home nearly $38M last year for leading world’s largest investment firm BlackRock CEO Larry Fink’s 2025 compensation jumped to $37.7 million, up from $30.8 million the year before. The pay package consisted of a $1.5 million base salary, a $10.6 million cash bonus and a $6.5 million increase in stock awards, accounting for the bulk of the $7 million rise in total remuneration. The increase drew criticism from proxy adviser Institutional Shareholder Services, which last year recommended that investors oppose the firm’s executive pay plans. Despite that, BlackRock reported that 67 % of votes cast supported the compensation package. In January, the asset manager disclosed that its assets under management had hit a record $14 trillion, and it posted a fourth‑quarter 2025 net profit of $2.18 billion, excluding one‑time charges. In a letter to investors, Fink said the company is entering 2026 with “elevated momentum” and is positioned ahead of significant future opportunities. The firm’s shares rose 4.5 % in 2025, although they have declined more than 12 % so far this year. Read more: https://nypost.com/2026/03/27/business/blackrock-ceo-larry-fink-took-home-nearly-38m-last-year/ #blackrock #larryfink #institutionalshareholderservices #assetmanager #compensationpackage

0

The Bad Place

@TheBadPlace@mastodon.ozioso.online · Mar 27, 2026

yahoo news | Here’s the most overlooked part of Larry Fink’s yearly letter to shareholders — ... Larry Fink’s 2026 annual letter to shareholders, while filled with the usual market cautions, ends on a surprisingly upbeat note: “people need to get on the investment train or be run over by it.” As the head of the world’s largest asset manager—$14 trillion across every asset class—Fink uses that metaphor to stress that ordinary investors now have the tools to participate in the economy’s upside, just as Wall Street has traditionally served Main Street. The letter also flags two emerging risks. First, Fink warns that artificial‑intelligence breakthroughs could widen wealth inequality if ownership of the technology’s gains does not broaden, echoing growing concerns about AI’s societal impact. Second, he skirts overt criticism of the Trump administration’s tariff‑heavy trade policy and offers a measured take on ESG investing, noting that BlackRock tailors its products to diverse client needs—from a Texas retirement fund to New York pension plans—rather than pushing a one‑size‑fits‑all green agenda. Finally, Fink underscores how market access has been democratized. Exchange‑traded funds, a core BlackRock offering, let the “average Joe or Jane” assemble diversified portfolios that include everything from the S‑P 500 to crypto, with liquidity far superior to private‑equity holdings. This focus on broad‑based investing has helped BlackRock grow assets under management and lift its share price nearly 30 % over the past five years, positioning the firm as a key bridge between Wall Street and the emerging middle class. Read more: https://nypost.com/2026/03/27/business/heres-the-most-overlooked-part-of-larry-finks-yearly-letter-to-shareholders-and-why-it-could-be-good-news/ #larryfink #blackrock #wallstreet #s-p500 #exchange-tradedfunds

0

The Bad Place

@TheBadPlace@mastodon.ozioso.online · Mar 27, 2026

yahoo news | BlackRock's Larry Fink says expanding market participation is needed to address... BlackRock CEO Larry Fink warned in his annual chairman’s letter that wealth inequality could deepen unless a larger share of Americans participates in financial markets. He noted that since 1989 a dollar invested in the U.S. stock market has appreciated more than fifteen‑fold compared with a dollar tied to median wages, and that the rise of artificial intelligence threatens to repeat—and amplify—that pattern by concentrating gains among the firms and investors that own the data, infrastructure and capital needed to deploy AI at scale. While market leadership naturally shifts with technological change, Fink argued that when market capitalization expands but ownership remains narrow, prosperity feels increasingly out of reach for those on the outside. Fink acknowledged that automation historically boosted productivity and eventually broadened the range of available work, even as some roles disappeared, but cautioned that “new roles take time to emerge and workers don’t always move seamlessly from old ones to new ones.” He emphasized that AI is poised to generate significant economic value, and the real challenge is ensuring that the benefits are shared broadly. To that end, he called for policies that widen market participation, suggesting that market‑based tools could help stabilize programs like Social Security, which faces funding shortfalls within the next decade. One concrete idea Fink highlighted is the creation of “Trump Accounts,” a government‑seeded savings vehicle for newborns (and other minors) that would be invested in a diversified U.S. stock index. These accounts, funded by public, philanthropic, and parental contributions, would remain in custodial care until the child turns 18, providing a foothold in the market for a new generation. By lowering entry barriers and encouraging early, long‑term investing, Fink believes such accounts could be a “very significant step” toward expanding financial inclusion and narrowing the wealth gap in an AI‑driven economy. Read more: https://www.foxbusiness.com/economy/blackrocks-larry-fink-says-expanding-market-participation-needed-address-wealth-gap-amid-ai-boom #blackrock #larryfink #socialsecurity #u.s.stockmarket #artificialintelligence

0

The Bad Place

@TheBadPlace@mastodon.ozioso.online · Mar 26, 2026

yahoo news | BlackRock's Fink on why he won't cash out private-credit investors: 'Those are... BlackRock’s chairman and CEO Larry Fink warned private‑credit investors that he would not allow redemption requests beyond the 5 percent quarterly limit set in the fund’s prospectus. The firm’s $26 billion HPS Corporate Lending Fund received redemption requests equal to 9.3 percent of its assets in the fourth quarter, but BlackRock only redeemed the contractual 5 percent—about $620 million—citing its fiduciary duty to the remaining investors. In an interview with the BBC, Fink stressed that the rule is “on page one” of the fund documents and that bending it would betray the investors who stay in the fund. Fink noted that the pressure on private‑credit funds comes as investors rush to exit business‑development companies, especially those loaned to software firms, while other managers such as Blue Owl Capital and Ares Management have seen their shares slump. He argued that the broader $2.2 trillion private‑credit asset class is not a systemic risk, pointing out that the sector’s legal debt‑to‑equity cap of 2‑to‑1 prevents the kind of leverage that sparked the 2008 crisis. According to Fink, many institutions are actually seeking to invest in the fund rather than withdraw. The interview also turned to macro‑economic implications, with Fink painting two extreme oil‑price scenarios tied to the ongoing Iran conflict. He said oil could trade as low as $40 a barrel, signaling abundance and growth, or soar above $150 a barrel, likely triggering a “steep recession.” He emphasized that the outcome—not the duration—of the war will drive the economy, and that investors should recognize the binary nature of these possibilities. Read more: https://www.morningstar.com/news/marketwatch/2026032553/blackrocks-fink-on-why-he-wont-cash-out-private-credit-investors-those-are-the-rules-live-with-it #blackrock #larryfink #hpscorporatelendingfund #business-developmentcompanies #private-credit

0

The Bad Place

@TheBadPlace@mastodon.ozioso.online · Mar 24, 2026

qwant news | Blackrock CEO Larry Fink warns of 'costly' global push toward self-reliance, downsides to AI boom BlackRock chief executive Larry Fink used his 2026 annual letter to shareholders to warn that the worldwide push for economic self‑reliance—tighter immigration rules, on‑shoring of production and massive domestic‑industry investment—carries a steep price tag. He argues that moving away from a borderless economy will demand “massive, localized capital deployment” and that the hidden costs will ultimately be shouldered by ordinary people and retirement savers. Fink also reminded investors that the old model of global capitalism is fracturing, as countries pour enormous sums into energy, defense and technology to become more independent. At the same time, Fink cautioned that the current artificial‑intelligence boom could exacerbate wealth inequality. Because many of the most valuable AI firms remain private far longer than past tech giants did, retail investors are being shut out of what could be the sector’s most explosive growth. He warned that “there’s a real risk artificial intelligence could widen wealth inequality if ownership does not broaden alongside it,” noting that startups such as Anthropic have reached valuations comparable to Google and Amazon at far earlier stages, without giving everyday investors a chance to participate. Fink’s concerns echo his earlier remarks on inflation‑spiking tariffs and other protectionist policies. He pointed to recent data—import prices up 0.2 % in January 2026 and manufacturers reporting an 8 % rise in goods‑and‑materials costs in 2025—as evidence that the cost of on‑shoring and tariff‑driven policies could be substantial. The CEO’s message was clear: while trillions are flowing into U.S. technological dynamism, policymakers and investors must weigh the long‑term price of self‑reliance and ensure the benefits of new technologies are widely shared. Read more: https://nypost.com/2026/03/23/business/blackrock-ceo-larry-fink-warns-of-costly-global-push-toward-self-reliance-downsides-to-ai-boom/ #blackrock #larryfink

0

About This Hashtag

#larryfink

Related