We Need More Plumbers and Fewer Lawyers in AI Age, Says BlackRock Boss

Why one hedge fund veteran is urging investors to 'prepare for the worst'

DBi's Andrew Beer suggests the market's crystal ball is broken.

BlackRock CEO Larry Fink warns oil could hit $150 amid Iran‑US war, causing a 'global recession'

Larry Fink, BlackRock’s CEO, warns that Iran’s ongoing threats could push oil to $150 a barrel, risking a deep global recession. Even post-ceasefire, regional instability around the Strait of Hormuz may keep prices elevated for years. He stresses the regressive impact on consumers and urges accelerated investment in alternative energy to shield economies from prolonged energy shocks.

Blackrock boss warns of ‘stark global recession’ if oil prices hit $150

Larry Fink has warned that those on lower incomes will be harder hit than the wealthy if energy prices continue to soar

What Happens If Oil Hits $150? BlackRock CEO Flags Risk Of Global Recession

Oil sits at the centre of the global economy. Therefore, at $150, there won't be a gradual adjustment, but a global shock.

We need more plumbers and fewer lawyers in AI age, says BlackRock boss

Larry Fink also warns if oil prices stay high for a sustained period it will have "profound implications" for the world economy.

Opinion | The Cascading Damage of Rising Oil Prices

How high do oil prices need to climb before the global economy breaks? On “The Ezra Klein Show,” Jason Bordoff, an energy policy expert, tells Ezra Klein why a prolonged energy shock could force a devastating choice between economic activity and basic survival for the world’s poorest nations.