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...

Equity long/short hedge funds wipe out year gains in market rout

Apr 3, 2025 | Markets

Global equity long/short hedge funds erased their gains for the year on Thursday as stocks plunged after the Trump administration announced sweeping tariffs. The funds showed a 1.7% fall on the day, Goldman Sachs said. As of Thursday, long/short hedge funds were down...

BlackRock targets mass-market access to private assets, says Larry Fink

Apr 3, 2025 | Markets, Private Markets

BlackRock CEO Larry Fink has unveiled the firm’s most ambitious push yet into private markets, pledging to open access to high-growth private assets for millions of everyday investors.  In his 2025 annual letter to shareholders, Fink highlighted private markets as the...

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...

Trump’s tariff war can cut S&P 500 operating income by 32% – BofA

Apr 3, 2025 | Markets

Reciprocal tariffs could hit the S&P 500’s (SP500) operating income by 32%, according to Bank of America. “There is no tariff playbook,” wrote Savita Subramanian, head of U.S. Equity Strategy & U.S. Quantitative Strategy, in a note. “If trading partners...

Trump’s ‘Liberation Day’ tariffs make apparel stocks like Nike uninvestable: Wall Street reacts

Apr 3, 2025 | Markets

Cross apparel and footwear stocks off your buy list, analysts are suggesting in the aftermath of President Trump’s sweeping “Liberation Day” tariffs. “Until visibility improves, we expect investors show very little appetite for investment in...