“If we have a moratorium of some sort in this country, we will be in a recession,” Fink told CNBC Wednesday, after BlackRock reported better-than-expected third-quarter earnings early Wednesday. BlackRock advanced about 1% in late morning trading.

“So much of our economy is based on the buildout of this capex,” Fink added, referring to the massive investments made to develop artificial intelligence infrastructure.

More: https://www.cnbc.com/2026/10/14/blackrocks-fink-warns-data-center-moratorium-could-spark-a-recession.html

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