Economics
Fink Cautions Virus Impact on Small Businesses Still Unknown
- Even as U.S. reopens, smaller companies weigh layoffs
- BlackRock CEO expects volatility to last for the next year
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BlackRock Inc. Chief Executive Officer Larry Fink said the full extent of the coronavirus pandemic on the U.S. economy’s smaller companies remains unclear, even as cities begin reopening.
“We still have not witnessed the full impact on small and medium businesses,” Fink said in an interview Tuesday on Bloomberg Television.