- BlackRock Investment Institute upgraded US Treasuries and cut US equities to neutral, ending a six-year underweight stance on government debt.
- Larry Fink, BlackRock CEO, said a moratorium on US data center buildouts would put the US into recession, given how much of the economy rests on AI capex.
- Fink said US national debt rose from $8 trillion in 2000 to $40 trillion in 2026 and warned that rising government borrowing is squeezing private credit demand.
- Funds managed by BlackRock co-led Icon's $200 million Series D, which brings total funding to $700 million at a $1.4 billion valuation.
Quotes
“We grew $32 trillion in 26 years”
“Data centers are not the problem.”