There’s one corner of the private investment world benefiting from the Trump bump going bust: Secondaries. “Secondaries” professionals buy stakes in privately held funds from investors looking to cash out early. They have been busy of late, closing a record $162 billion in deals last year, according to asset manager BlackRock. Demand could ratchet up
Warren Buffett said he would step down as Berkshire Hathaway’s CEO after 55 years, eliciting tributes from investors and business leaders. Buffett, 94, made the announcement on Saturday during the company’s annual shareholder meeting in Omaha, Nebraska. The crowd gave Buffett two standing ovations, acknowledging his career as the longest-serving chief executive of an S&P
The former chairman of Vinco Ventures, which tried and failed to popularize a TikTok rival, pleaded guilty to conspiring to commit securities fraud. Roderick Vanderbilt was Vinco’s chairman during a tumultuous period at the company, which was detailed in an investigation by Business Insider. Its stock swung wildly on a string of splashy announcements — including
Investors’ fever dream could soon be over. Markets have been cast into the world of the bizarre over the last few weeks. An escalating trade war with China has led to a staggering 125% tariff on goods from one of America’s biggest trading partners. Most countries worldwide were — and may still be, come July
Uncertainty has been the flavor of the month in April on Wall Street. Tariffs of 10% are still in place on most countries, leaving investors wondering about inflation and recession prospects as consumer and business sentiment decline rapidly. President Donald Trump also continues to flip-flop on his most extreme tariff policies almost daily. When will
Gold is trouncing other assets in 2025. The precious metal’s record-setting year is a sign that investors—racked by uncertainty over tariffs, the economy, and inflation—see it as a place to hide while the broader market stumbles. The price of the precious metal rallied again on Tuesday, with gold climbing as high as $3,506 at midday
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Latest Tesla will release its first-quarter earnings after the closing bell on Tuesday. Shares in the electric-vehicle maker were down 44% year-to-date through Tuesday. Investors are on high alert for key details on self-driving
AP Photo/Jeff Chiu, File This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Latest Tesla will release its first-quarter earnings after the closing bell on Tuesday. Shares in the electric-vehicle maker were down 44% year-to-date through Tuesday. Investors are on high alert for
It’s been a busy week and a half for financial advisors, as their clients’ portfolios have seen historic moves. The S&P 500’s 10.5% plunge from April 3 to 4 was among the steepest two-day drops ever recorded in market history. The skyrocketing comeback on Wednesday, after President Donald Trump lifted his excess tariffs for most
Good morning. Congratulations to Vice President JD Vance, who sold his home just outside Washington, DC, for $172,000 over the asking price after less than three weeks on the market. The buyer? A former Trump official. In today’s big story, investors are shocked to be battling against President Donald Trump as the stock market closed