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BlackRock chief executive officer Larry Fink warned on Wednesday that a moratorium on data centres would push the US into recession. He told CNBC that "a moratorium of some sort in this country" would hurt because much of the economy is tied to data centre investment. Fink called most fears about the buildout "misinformation" and said data centres "are not the problem." He said they create demand for construction workers, energy infrastructure, and AI computing hardware. A Pew Research Center survey found at least 49% of Americans say data centres are mostly bad for the environment, home energy costs, and quality of life nearby. McKinsey expects global data centre investment to reach almost $7 trillion by 2030, with more than 40% in the US. BlackRock reported third-quarter net income of $2.6 billion, beating expectations.

BlackRock profit soars more than 30% through September to $5.8 billion. Revenues from investment advisory, management fees and securities lending totaled $6,036 million (about €5,394 million), an increase of 20%. BlackRock, the fund manager, recorded attributable net income of $5,785 million (about €5,170 million) through September, a year-on-year increase of 30.7%, it was announced this Wednesday. In the third quarter of the year, the asset manager achieved $1,659 million (about €1,482 million), which represents growth of 25% compared with the same period of the previous year. Between July and September, BlackRock reached a record $15.48 trillion (about €13.8 trillion) in assets under management, exceeding by $144,000 million (about €12,510 million) the value recorded in the previous quarter and growing 15% compared with the same period of the previous year. The asset manager's revenues stood at $7,752 million (about €6,928 million), 19% more than twelve months earlier, while total costs amounted to $5,424 million (about €4,847 million), an increase of 19%. Revenues from investment advisory, management fees and securities lending totaled $6,036 million (about €5,394 million), an increase of 20%, while revenues from securities lending amounted to $253 million (about €226 million), 6% more. BlackRock's earnings per share (EPS) stood at $10.57 (about €9.45), compared with $8.43 (about €7.53) in the third quarter of 2025, which represents an increase of 25%. "The demand for capital is increasing across the global economy, and BlackRock is positioning itself increasingly at the center of the allocation and management of that capital. I have full confidence in the opportunities this creates for our clients and in the long-term value we can create for our shareholders," emphasized BlackRock CEO Laurence Fink.

BlackRock's digital asset holdings surge 63% in Q3 but trail 2025 peak. BlackRock reported $79.6 billion in digital asset holdings at the end of September, up 63% from June, as rising crypto prices and renewed investor inflows reversed earlier outflows. Despite the rebound, assets remain 23% below year-ago levels. BlackRock's digital asset funds rebounded sharply in the third quarter, with holdings reaching $79.6 billion at the end of September, a 63% increase from $48.8 billion at the end of June, according to the asset manager's third-quarter earnings report released Wednesday. The recovery marked a reversal from the first half of 2026, when BlackRock's crypto funds faced $2.2 billion in net outflows. During Q3, investors added $7.9 billion to the funds as cryptocurrency markets recovered from earlier weakness. Rising asset prices drove most of the growth. Of the $30.8 billion increase in digital assets during the quarter, $22.9 billion came from market gains, while investor inflows contributed $7.9 billion. Despite the gains, BlackRock's crypto holdings remain well below their prior peak. Assets are 23% below the $104 billion the company managed a year ago. Over the past 12 months, BlackRock attracted $6.3 billion in net new investor money to its digital asset products, but market value declines erased $30.6 billion over the same period. BlackRock's digital asset business generated $39 million in quarterly fees and securities lending revenue. The company operates the iShares Bitcoin Trust (IBIT) but did not provide separate figures for the fund in its earnings release. * homepage * markets & trading * BlackRock's digital asset holdings surge 63% in Q3 but trail 2025 peak.