BlackRock CEO: Economy ‘weakening as we speak’

In the midst of the tariff conflict, Donald Trump has rebuilt his advisory team. Meanwhile, Blackrock CEO Larry Fink sees the first signs of a recession in the US – and warns of consequences for the retirement provision of millions of people. All developments in the live ticker.

BlackRock's Larry Fink says U.S. is very close to a recession and may be in one now

BlackRock CEO Larry Fink told CNBC on Friday that he thinks the U.S. economy has weakened to the point of growth possibly turning negative.

Maybe We Need Recession Pop Right Now

Recently, the word on everyone’s mind has been, unfortunately, “recession.”  When President Donald Trump was asked about the possibility of the U.S. economy heading into a recession during a March interview with Fox News, the president refused to confirm or deny the possibility but alluded to a period of economic transition. In an interview with CBS News on March 11, U.S. Commerce Secretary Howard Lutnick said Trump’s economic plan is “worth it”…

Markets Plummet as Tariff-War Woes Fuel Exodus from US Assets

Less than 24 hours after President Donald Trump backtracked on his once-in-a-century trade war to prevent a meltdown in financial markets, frantic selloffs hit US stocks, bonds and the dollar yet again as fears of a worldwide recession engulfed Wall Street.

'We may already be in a recession' | Markets react to volatile economic shifts as tariffs paused, uncertainty looms

"We may already be in a recession," said Shaun Davies, an associate professor of finance at CU Boulder. "But we typically don't know until we're in it."

'Transition Problems': Trump Acknowledges Tariff Pain As US Markets Retreat From Record Highs

US President Donald Trump admitted American markets face transition problems, pausing tariffs for 90 days. Wall Street stocks fell sharply amid trade war and recession worries.