News about Larry Fink

Gallup polling shows 71% of Americans oppose AI data centers in their area, with 48% strongly opposed and only 7% strongly supportive. BlackRock CEO Larry Fink warned on CNBC that a data center moratorium could push the U.S. into recession, since much of the economy relies on AI capital expenditure, which could exceed $1 trillion in 2027 and $5 trillion by 2030. The article cites Goldman Sachs research that nearly half of S&P 500 2026 earnings growth stems from AI-related investment, while real GDP grows about 2% a year. Citing Motley Fool research, it notes the S&P 500 gained in half of the recessions since 1980, often recovering before they ended, and concludes that staying invested in a diversified portfolio has historically been the strongest approach.