From Yahoo Finance: 2025-05-13 11:53:00

President Trump is touting new Saudi Arabia investments during his Middle East trip, but uncertainty in trade has led to trillions of dollars sitting in cash. BlackRock CEO Larry Fink mentioned 12 trillion euros in Europe and $11 trillion in the US in money market funds. The US and China announced a 90-day trade truce, bringing relief to markets. Fink hopes for clarity soon, expecting investors to move from cash to private markets. Other CEOs acknowledge uncertainty but see volatility as an opportunity. Trump secured $600 billion in investment commitments during the Saudi summit, with Nvidia partnering with Saudi Arabia.



Read more at Yahoo Finance: Investors are still sitting on trillions in cash as they wait for tariff ‘equilibrium’