BlackRock CEO Larry Fink told CNBC on Oct. 14 that a moratorium on data centers would put the U.S. into a recession, arguing that data centers are creating more new jobs than ever before. Public opposition is growing: a Pew Research Center poll published on Sept. 22 found 50% of Americans said data centers are “mostly bad” for home energy costs. Fink also called the national debt, which passed $40 trillion in August, a major problem and said the U.S. needs to unlock private capital to grow the economy by 3%. On Oct. 13, the IMF projected U.S. growth of 2.3% in 2026 and 2027, unchanged from 2025, but warned that global resilience is under strain and that gains from AI are clustered in a small number of firms.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: We will be in a recession : BlackRock CEO Larry Fink warns a data center moratorium risks an economic crash
Read the original on aol.com ↗
Related tickers and likely impact
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/15/2026 | 771.79 |
| Change that session | +0.28% |
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/15/2026 | 217.23 |
| Change that session | -1.84% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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