✉news BusinessEconomy first seen 4 d ago, last 3 d ago, peak #12
BlackRock assets now equal half the U.S. economy
Original: BlackRock now manages assets equal to half the size of the U.S. economy after 15% growth
BlackRock's assets under management have grown 15%, reaching a scale equal to roughly half the size of the U.S. economy. The milestone underscores the asset manager's expanding dominance in global finance and is drawing attention to the concentration of investment power in a single firm and its influence over markets.
Why now: People are reacting to the striking scale of BlackRock's growth and what it says about financial concentration.
Evidence
- BlackRock now manages assets equal to half the size of the U.S. economy after 15% growth · MarketWatch
API: https://socialmediatrends-api.osmike.com/v1/trends/2246855