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BlackRock CEO Larry Fink Warns on Volatility Despite US-China Tariff Truce

Summary by Observer
BlackRock CEO Larry Fink says markets remain volatile and warns that U.S. deficits and trade uncertainty still threaten global stability.

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WALL STREET.— BlackRock CEO Larry Fink said tens of trillions of dollars in financial power are idle in cash due to concern over the trade war and uncertainty about the U.S. economy, whose deficits are beginning to worry investors. “There are 12 trillion euros in bank accounts in Europe. In the U.S., there are 11 trillion dollars in money market funds. When there is uncertainty, one tends to keep more and more cash, and that’s what we’ve seen,” …

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Business Times broke the news in on Tuesday, May 13, 2025.
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