BlackRock CEO Fink backs staying invested amid volatility, flags AI shift - BNN Bloomberg
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Article Excerpt
Asset management giant BlackRock’s CEO Larry Fink urged clients to stay invested despite ongoing market volatility, and highlighted that artificial intelligence is reshaping investment strategies and the broader economy.
Global markets have been roiled in recent weeks by a confluence of geopolitical and macroeconomic shocks, including the escalating U.S.-Israeli conflict with Iran, which has driven sharp spikes in oil prices and disrupted key shipping routes, stoking inflation fears and rattling investor sentiment.
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At the same time, growing concerns that AI …
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