Tag: blackrock

BlackRock’s Record Asset Holdings Are Half The Size Of US Economy

BlackRock ended the third quarter with $15.49 trillion in assets under management, a record, after $205 billion of net client inflows, according to its earnings release filed with the SEC on Oct. 14.

GAAP earnings came to $10.57 a share, and as-adjusted earnings to $15.93. Revenue rose 19 percent to $7.75 billion, and the company said it has raised $68 billion in private markets over the last twelve months. Its AI Infrastructure Partnership made its first deployment during the quarter.

Chairman and CEO Larry Fink said clients “entrusted us with $205 billion of net inflows this quarter, and $869 billion over the last year.” He added: “We’re entering our seasonally strongest fourth quarter with accelerating momentum.”

As the Epoch Times notes further, the company drew almost $135 billion in net new flows into its flagship iShares exchange-traded funds, also known as ETFs.

It also repurchased $550 million of its shares during the quarter, delivering stronger value to current shareholders.

“Market fundamentals are strong and well supported, with higher margins and earnings momentum catalyzed by new technology,” CEO Larry Fink said in a statement.

Looking ahead to the final three months of 2026, Fink noted that BlackRock has plenty of momentum and a broad pipeline of opportunities across multiple business segments, including private markets and retirement funds.

BlackRock popped as much as 5 percent following the earnings data but erased its gains as the midweek session progressed.

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BlackRock CEO does U-turn on Iran war optimism

BlackRock CEO Larry Fink has warned of an impending global recession if the US-Israeli war on Iran drags on and oil prices remain above $100 a barrel. The stark prediction comes just weeks after Fink framed the conflict as a good long-term investment opportunity.

In a wide-ranging interview with the BBC this week, Fink said oil prices could stay above $100 per barrel for years if Iran “remains a threat,” potentially hitting $150 and sparking “a probably stark and steep recession.”

He described two scenarios for the conflict – one in which Iran is “accepted again by the international community,” allowing oil to fall below pre-war levels, and another in which tensions persist, leading to sustained high energy costs with “profound implications” for the global economy.

However, earlier this month, Fink, whose company holds significant stakes in major US defense contractors, struck a markedly different tone. During an appearance on Fox News, he dismissed the notion of a prolonged war, predicting that oil would “revert back to where it was and maybe even lower” once the conflict ends.

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Three Massive Funds Control a Chunk of Most Media: Maybe that’s why you might not have heard of them

Recently, FAIR (2/3/26) took a look at the owners of the biggest online media outlets. It focused on the controlling owners of those outlets, which are mostly publicly traded corporations. But a lot of the money—about $2 trillion dollars—invested in the top 50 online media outlets in the US is not the controlling owners’. Rather, it is possessed by minority institutional investors that manage assets for others.

Take BlackRock, Inc., for instance. Innovation & Tech Today (7/8/22) called it “the biggest company you’ve probably never heard of.” The multinational’s influence comes from the $13.5 trillion it manages on behalf of retirement funds, governments, other corporations and individual investors. That figure is enough to purchase every share of Amazon five times over.

BlackRock is just one of the Big Three US asset management firms. The other two, the Vanguard Group and State Street Corporation, are similarly big financial players. Vanguard manages $12 trillion and State Street manages about $5.5 trillion. Collectively, the Big Three “steward” almost 7% of all of the wealth in the entire world: stocks, bonds, cash, everything, everywhere. And while they are not a cartel, they hold the same interests, by dint of owning a small slice of almost everything.

The sheer amount of capital the Big Three can throw around gives them weight. When President Donald Trump went off on an extended tirade about Chinese control of the Panama Canal, BlackRock was there with a solution: “An investor group led by BlackRock will acquire two ports near the Panama Canal,” the New York Times (3/4/25) reported. And when the US economy went into a financial tailspin in 2007–08, BlackRock’s CEO Larry Fink was the person that central bankers and presidents had on speed dial. They’re invested in private prisons and residential real estate and Kellogg’s cereals, to name just a few.

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O’Keefe Sneaks Into Davos: WEF Climate Insiders Brag About Weather Manipulation

Undercover journalist James O’Keefe has pierced the veil of Davos secrecy, disguising himself to infiltrate the World Economic Forum and record what the climate elite whisper when they assume no outsiders are listening.

O’Keefe captured raw admissions of radical interventions that threaten sovereignty and burden ordinary people under the banner of “saving the planet.”

In the undercover footage from the Post Hotel in Davos—a hub for WEF attendees—O’Keefe recorded climate executives openly discussing taboo topics long ridiculed by the mainstream. The video shows him in a blonde wig and sunglasses outside the venue before slipping inside to confront or record these insiders.

Key revelations from the post include climate executives spilling secrets about “Carbon Taxes,” weather modification, and chemtrails. A WEF climate elite who works with three-letter agencies and DARPA discusses hidden plans about “artificial rain.” The same figure boldly declares, “Black Rock is behind us!”

The insiders tie massive financial players like BlackRock directly to their agenda, suggesting corporate giants are pulling strings on policies that impose taxes and experimental tech on populations without real consent. Carbon taxes, of course, translate to higher costs for fuel, heating, and goods—hitting working-class families hardest while Davos jet-setters preach from luxury suites.

Davos remains a magnet for globalist maneuvering. Recent reports from the WEF gathering highlight ongoing pushes around climate finance, AI governance, and economic resets—often framed as collaborative but frequently criticized as top-down control.

BlackRock’s influence looms large, with CEO Larry Fink involved in elevating the forum’s role post-Klaus Schwab. While Trump-era policies have pushed back against such agendas in the U.S., the international crowd in Switzerland continues advancing measures that centralize power and wealth.

President Trump is set to deliver a special address at the WEF tomorrow, his first in-person appearance there in years, heading what organisers call the largest U.S. delegation ever. This comes amid his administration’s aggressive moves, including withdrawing from dozens of international organizations seen as wasteful or sovereignty-eroding.

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BlackRock & Blackstone Are Buying Local Power Companies

Globalist equity firms are scooping up local energy companies across the country — and it looks like they’re just getting started. The official reason is to invest in America’s artificial intelligence (AI) infrastructure.

The buyouts are already triggering pushback and anxiety at the local level. The Associated Press recently reported that “private equity giants like BlackRock and Blackstone are buying local utilities to power AI-driven data centers, sparking ratepayer and regulator concerns.”

Worries about rising power bills have been mounting in tandem with the buildup of AI data centers around the country. Earlier this year, the AP reported:

Rising power bills are “something legislators have been hearing a lot about. … More people are speaking out at the public utility commission in the past year than I’ve ever seen before,” said Charlotte Shuff of the Oregon Citizens’ Utility Board, a consumer advocacy group. “There’s a massive outcry.

… Tricia Pridemore, who sits on Georgia’s Public Service Commission and is president of the National Association of Regulatory Utility Commissioners, pointed to an already tightened electricity supply and increasing costs for power lines, utility poles, transformers and generators as utilities replace aging equipment or harden it against extreme weather.

The AI race is well underway, and it’s no surprise that these massive international asset firms, given their history, are eager to support a technology with unprecedented potential for surveillance, manipulation, and outright control. There’s also the prospect of a great return on investment, which is the official primary goal of these equity firms. But, as history shows, these multi-trillion dollar entities are not afraid to throw around their monetary might and bully companies into incorporating into their brand political causes such as climate alarmism and the “trans” agenda.  

BlackRock and Blackstone used to be the same company before separating in 1988. Together they control more than $13 trillion in assets. The bulk of that, about $12 trillion, is BlackRock’s, while Blackstone has reported about $1.2 trillion in assets. Only two countries have GDPs larger than $13 trillion — the U.S. and China.

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Big Pharma heir Andre Hoffmann joins BlackRock CEO to drive WEF’s Agenda 2030 overhaul

Following the World Economic Forum (WEF) announcement to appoint interim co-chairs, much of the public focus has been on BlackRock CEO Larry Fink, but not so much on Andre Hoffmann, who is a Swiss billionaire and heir to the fifth largest pharmaceutical company on the planet, Roche.

With last April’s departure of Klaus Schwab from the board of trustees of the organization he founded over 50 years ago, the WEF briefly appointed former Nestle CEO Peter Brabeck-Letmathe as interim chairman.

Fast forward four months to August 15, 2025, and the WEF introduced two new interim co-chairs, billionaires Larry Fink and Andre Hoffmann.

“We believe the Forum can serve as a unique catalyst for cooperation, one that fosters trust, identifies shared goals, and turns dialogue into action.” — Larry Fink & Andre Hoffmann, WEF, August 2025

With an estimated net worth of $1.3 billion, Fink is the CEO of the largest asset management company in the world, BlackRock, managing some $11.6 trillion in assets.

And with an estimated net worth of $8.13 billion, Hoffmann is the vice chairman of F. Hoffmann-La Roche, the fifth largest pharmaceutical company by revenue in the world, just behind Pfizer.

Together, Fink and Hoffmann issued a statement saying that “the need for a platform that brings together business, government, and civil society has never been greater,” and that they “believe the Forum can serve as a unique catalyst for cooperation, one that fosters trust, identifies shared goals, and turns dialogue into action.”

The WEF leadership page says that in their work on the board of trustees, “members do not represent any personal or professional interests.”

However, it doesn’t take a genius to figure out that the business dealings of the new interim co-chairs align with multiple WEF agendas, from net zero and ESG to stakeholder capitalism and the U.N. Agenda 2030.

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Digital Harvest: BlackRock, Vanguard, State Street – Shareholders in the Shadows

They don’t sell seeds. They don’t own tractors. They don’t run warehouses or ship grain. But BlackRock, Vanguard and State Street are among the most powerful actors in global agriculture.

Together, these three asset managers control more than $26 trillion in assets—more than the GDP of the United States and India combined. They are shareholders in nearly every major agribusiness: Bayer, Cargill, ADM, Nestlé, Deere & Co and more. They don’t compete. They co-own. And through that ownership, they govern.

This is not capitalism as competition. It’s capitalism as quiet coordination.

These firms don’t need to dictate policy. They shape the terrain on which policy is made. Their influence is structural, not spectacular. It’s exercised through boardrooms, shareholder resolutions and capital flows. And it’s largely invisible to the public.

But its effects are everywhere.

According to the Food Barons 2022 report by ETC Group, BlackRock, Vanguard and State Street hold dominant stakes across the agrifood chain—from seeds and chemicals to supermarkets and logistics platforms. In many sectors, they are the top three shareholders in all the major firms. This means that ‘competition’ between companies like Bayer and Syngenta, or Nestlé and PepsiCo, is often little more than a performance. The real power sits behind the curtain.

These firms don’t micromanage. They don’t need to. Their power lies in alignment—in shaping what counts as value, what counts as risk and what counts as acceptable behaviour. And increasingly, that behaviour is being framed through the lens of ESG: Environmental, Social and Governance metrics.

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Mike Lee’s proposed public lands sale blocked by Senate parliamentarian

A proposal by Utah Sen. Mike Lee, a Republican, to sell millions of acres of public lands to private housing developers hit the skids late Monday when the Senate parliamentarian ruled it couldn’t be included in President Trump’s One Big, Beautiful Bill.

Why it matters: Lee’s plan would have ordered federal land managers to sell up to about 3.3 million acres of land for housing and infrastructure.

Driving the news: The Senate parliamentarian decided Monday night that Lee’s proposal violated rules limiting “extraneous” measures that can be added during budget reconciliation.

  • To overcome the ruling, Lee’s plan would require a 60-vote majority.

Catch up quick: Lee’s proposed land sale prompted widespread backlash, including from some Republicans.

  • Lee said the land sales would make room for more housing in western states — but the policy language didn’t require homes built on the land to meet any standard for affordability.

The intrigue: Shortly before the parliamentarian’s ruling, Lee posted to X that he planned to make major revisions to the proposal, making national forest land ineligible for sale and “significantly” reducing other lands that would be available.

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BlackRock strikes $23 billion deal to place Panama Canal ports under American control

The Hong Kong-based conglomerate that operates ports near the Panama Canal has agreed to sell shares of its units that operate the ports to a consortium including BlackRock Inc., after President Trump alleged Chinese interference with the operations of the critical shipping lane. 

In a press release, CK Hutchison Holding said Tuesday that it would sell all shares in Hutchison Port Holdings and all shares in Hutchison Port Group Holdings, in a deal valued at $22.8 billion. The two units hold 80% of the Hutchison Ports group that operates 43 ports in 23 countries, including two of the four major ports that exist along the Panama Canal. The deal will give the BlackRock consortium control over 43 ports in 23 countries, including Mexico, the Netherlands, Egypt, Australia, Pakistan and elsewhere.

The consortium, comprised of BlackRock, Global Infrastructure Partners and Terminal Investment Limited will acquire 90% interests in Panama Ports Company, which owns and operates the ports of Balboa and Cristobal in Panama, according to the filing. 

“This agreement is a powerful illustration of BlackRock and GIP’s combined platform and our ability to deliver differentiated investments for clients. These world-class ports facilitate global growth,” BlackRock CEO Larry Fink said in a joint announcement with TilL of the deal. “Through our deep connectivity to organizations like Hutchison and MSC/TIL and governments around the world, we are increasingly the first call for partners seeking patient, long-term capital. We are thrilled our clients can participate in this investment.

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‘Net-Zero’ ESG banking cartel continues collapse in aftermath of Trump victory

BlackRock announced on Thursday that it is leaving the Net-Zero Banking Alliance. The asset management behemoth becomes the latest U.S. megacorporation to leave the ESG climate narrative coalition after President-elect Trump defeated Kamala Harris on Election Day.

The move follows the departure of the six biggest U.S. banks—Goldman Sachs, Wells Fargo, Citi, Bank of America, Morgan Stanley, and JP Morgan—from the group after Election Day.

Charles Gasparino of the New York Post, who first broke the BlackRock news, remarked on X that it represents a “massive blow to the ESG investing movement.”

The Net Zero Banking Alliance (NZBA) was established in April 2021, at the height of Covid hysteria, under the auspices of the United Nations. Initially, the NZBA attracted 43 major global banks, representing a significant portion of the world’s banking assets.

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