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Monday Headlines: BlackRock’s Fink warns on AI
By Matt Stichnoth,
Financial Times: BlackRock’s Larry Fink warns AI may intensify wealth inequality
Wall Street Journal: The Fed’s Most Awkward Leadership Transition Is Coming
Bloomberg: Bonds Lose $2.5 Trillion in Iran War Wipeout That Mirrors 2022
CNBC.com: Fed’s Waller urges caution for now, says rate cuts possible later in the year
Financial Times: Powell extols ‘independence and integrity’ after latest attacks by Trump
New York Times: Not All Malls Are Struggling
Financial Times: Wall Street’s big private capital problem
Bloomberg: Blackstone Private Credit Fund Has First Monthly Loss Since 2022
Wall Street Journal: Banks Ready to Put Billions to Work After Regulatory Win
Bloomberg: Private Capital Turns to Old Economy as Software Trade Dims
Wall Street Journal: UBS Secures Bank License for Its Campaign to Expand U.S. Wealth Arm
Bloomberg: State Street, Voya Seek Shelter From Default Risk