BlackRock CEO Larry Fink warned in his annual chairman's letter that wealth inequality could worsen if more people don't participate in financial markets to reap the benefits of investing.Fink said that the vast majority of wealth has flowed to people who own assets, as opposed to those who earned most of their income from working, and warned that artificial intelligence (AI) could exacerbate that trend."Since 1989, a dollar in the U.S. stock market has grown more than 15 times the value of a dollar tied to median wages. Now AI threatens to repeat that pattern at an even larger scale – concent...
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