FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, stands at the Bloomberg Global Business forum in New York, U.S., September 26, 2018. REUTERS/Shannon Stapleton
“What we are seeing worldwide are clients just struggling in putting their money to work,” Fink told Reuters in an interview after his company reported first-quarter earnings. U.S. stocks stumbled late last year due to fears about a global slowdown and about the potential fallout from U.S.-China trade tensions. A partial U.S. government shutdown and mixed economic data added to investor concerns earlier this year.
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