Billionaires Lose Combined $208 Billion in One Day From Trump Tariffs

Apr 3, 2025 | Markets

The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin. The drop is the fourth-largest one-day decline in the Bloomberg Billionaires Index’s...

Market Selloff Accelerates as US Trade War Upends Global Outlook

Apr 3, 2025 | Markets

All across the world, as sell orders lit up screens on trading floors from Tokyo to London and New York, a sobering reality took hold: Donald Trump is serious about upending the global trading system — and it appears, at least for now, that fears of a stock-market...

Short-Covering Is Lying Beneath the Recent Stock Market Rebounds

Apr 2, 2025 | Markets

The S&P 500 Index has started each day this week down significantly on fears of trade wars and slowing economic growth only to recover and close well into the green. While the movements of the stock market aren’t always clear, there is a culprit lurking beneath...

Apollo Offers Private Investors Fee Bonus to Lock Up Capital

Apr 1, 2025 | Markets, Private Markets

Apollo Global Management Inc. is trying to woo wealthy investors to one of its newest private market funds and keep them there with a rare offer — a bonus if they stick around for three years. At first glance, the S3 Private Markets fund rolled out by Apollo last year...

US Bank Stocks Post Worst Run Since Fear-Fueled 2023 Rout

Mar 31, 2025 | Markets

US bank stocks suffered their worst quarterly loss since the regional banking crisis two years ago on concern that President Donald Trump’s trade war will derail the economy. The KBW Bank Index fell 3.9% in the first three months of the year, the worst quarterly...