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Fink Warns of ‘Bipolar Economy’ With Small Business Hurting

  • BlackRock’s chief says part of the economy ‘hasn’t healed’
  • Asset manager reports profit and revenue that beat estimates
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BlackRock Inc. Chief Executive Officer Larry Fink warned of an uneven recovery even as resurgent investor confidence buoyed second-quarter results.

With states reopening after months of pandemic-induced lockdowns, small and mid-size businesses in the U.S. are facing a steeper climb as larger firms benefit from government stimulus and rising markets, Fink said in an interview Friday.