Plus: Apollo predicts recession by summer, the PELOSI Act to ban lawmaker trading is back, Shein plans price hikes up to 377%, and PE wants to redefine "accredited investor."
Plus: How China could send gold to $5,000, Buffett now owns more T-bills than the Fed, Neuralink and xAI chase huge valuations, and Morningstar’s 12 undervalued tech stocks.
In one devastating week, the U.S. government severed Nvidia’s China revenue artery while TSMC plunged a 30% cost dagger into its margins.
Plus: Harvard joins Yale in dumping PE investments, Jane Street took 10% of US equity market in 2024, Google crushed earnings, and Adam Neumann eyeing another IPO.
Plus: Trump's U-turn on Powell, Dan Loeb dumps Mag7, Bessent says China trade deal could take 2-3 years, and Trump Coin goes vertical after VIP dinner invite.
Plus: Trump won't fire Powell, Elon heading back to Tesla after earnings miss, QB Josh Allen joins VC firm, and Cantor Fitzgerald's latest venture with Softbank.
Plus: Dow faces worst April since Great Depression after Trump calls Powell "major loser," Harvard's cuts could unravel Boston economy & why the real Trump trade is 'Sell America.'
Plus: Trump’s economic approval drops to a record low, gold hits a new high, Americans are moving money to Swiss accounts, and Ackman teases a Hertz-Uber partnership.
Both private equity and venture capital firms expect the challenging fundraising market to persist through 2025.
Plus: Trump says Powell's termination 'cannot come fast enough,' Blackstone CEO sounding the alarm on tariffs, Hertz is up 126% in two days, and UNH crashed 23%.
Plus: Hertz popped 56% after Ackman disclosed, Nvidia fell 7% on chip controls, Figma filed for IPO, and Trump wants to revoke Harvard’s tax-exempt status.
Is anything safe?
