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US 'probably in recession right now,' BlackRock CEO says; Biotech construction drops; Freight business seen declining

By Brittney Sherman

US 'probably in recession right now,' BlackRock CEO says; Biotech construction drops; Freight business seen declining

BlackRock CEO Larry Fink and JPMorgan Chase CEO Jamie Dimon warned Monday of significant economic slowing due to sweeping trade tariffs, with Fink noting many CEOs think the U.S. is “probably in a recession right now.” Dimon cautioned that higher prices could strain an economy already losing steam. Uncertainty continues as markets fluctuate based on the latest news, with the Dow recently losing over 349 points amid tariff-related volatility.


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