The 2008 financial crisis and the economic damage caused by the COVID-19 pandemic are very different, according to BlackRock CEO Larry Fink. “This is an existential problem, so it is beyond a financial crisis that we saw in 2008,” Fink said in an interview with CNBC on Friday. Fink said …
Read More »Goldman Sachs CEO David Solomon sees V-shaped recovery in 2021 before return slows
Reuters / Shannon Stapleton The U.S. economy is still on track for a V-shaped recovery until at least 2020, Goldman Sachs CEO David Solomon said Wednesday. The nation is “somewhere in the middle” of its rebound and reopens are slated to dramatically boost economic activity, it said during the Bloomberg …
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