BlackRock CEO Larry Fink.
BlackRock CEO Larry Fink. - 
Listen To The Story

BlackRock — the huge New York-based investment firm — today came in with some quite good financial results for the first quarter of 2019. At least, the numbers are good when you consider what was going on as the year started. With markets tanking at that time and a prolonged government shutdown, Wall Street forecasters were expecting a big decline in revenues and profits compared to the same quarter last year. Instead, BlackRock’s profits fell just slightly, as did its revenue. Meanwhile, its total assets under management actually rose by 3%, to $6.5 trillion. What can the firm’s first quarter tell us about the overall U.S. economy?

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Mitchell Hartman at @entrepreneurguy