Current valuations don't reflect soaring numbers of coronavirus cases, lasting damage to small businesses, and continued pressure on corporate earnings, Fink said during a virtual panel of the World Goverment Summit.
"The market is probably a little ahead of itself at this time," the billionaire boss of the world's largest asset manager said.Investors are shrugging off a resurgence of coronavirus cases and underestimating the pandemic's financial fallout, BlackRock CEO Larry Fink said on Thursday,"The world is accepting higher infection rates," the billionaire boss of the $7 trillion asset manager said on a virtual panel of the World Government Summit.
"Yesterday we had the highest infection rate in the world and markets are still pretty stable," he continued, referring to the record 36,000 new COVID-19 cases
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
“A little”... Ha!
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Phone booth-like tiny room could be an office inside your living room - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Myanmar internet shutdown means some people don't know about the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Yet their citizens are better at wearing masks than countries with the Internet. These poor folks the real number is zero
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock markets ahead of where they should be, Goldman Sachs CEO says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Чубайса обрили?))) little bit? My portfolios shows them flat to losing ground. Of course I'd like to read your article, but you're behind a paywall now... Which is too bad because I really enjoyed Business Insider.
Source: BusinessInsider - 🏆 729. / 51 Read more »
4-part stock market investing strategy, 2 buy recommendations from CEO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Audio listening behavior shifts to wellness and family amid pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Maybe we just want background music for our quarantine activities, or is it just me?
Source: BusinessInsider - 🏆 729. / 51 Read more »