Grandpa B & The Stock Market 📈
This Week in Review☕️: The worlds richest lose $6T | Tech bears the brunt | The only investor who has benefited amid the trade war | Diet sodas might actually make you gain weight
Quick Bites:
Finance📈: Stock market carnage erases $6 trillion.
Fallout from Trump's tarriffs led to a two-day frenzy that erased a record $6.4 trillion in value this past Friday.
To put that in context: The world’s 500 richest people lost a collective $536 billion last week.
Random tariffs at 3AM and a 900-point Dow drop. Good times
Come on guys, just because Donald Trump filed for bankruptcy 6 times and all of his casinos failed doesn't mean you shouldn't trust him on tariffs. His university was very successful, nvm. His airline.. wait. you get the point!!
PS. He TOLD us what he was going to do. 77 millions Americans voted for him.
Key Highlights, reported by CNBC:
-China said it will impose a 34% levy on US goods, disappointing investors who had hoped countries would negotiate with Trump before retaliating
-Apple, Tesla and Nvidia were among the hardest hit, given their presence in China.
-Outside of tech, Boeing and Caterpillar- big exporters to China- led the bleeding
-The Dow Jones dropped +5% on Friday, the biggest decline since June 2020 during the Covid-19 pandemic
-The S&P 500 also had its the biggest decline since March 2020
“The bull market is dead,” one analyst told CNBC. “We are concerned about the impact of a global trade war on long-term economic growth.”
Investors are betting on an economic downturn, as JPMorgan boosts the odds of a global recession to 60%
Meanwhile, Trump appeared to be steadfast in the face of the markets backlash by posting online that "his policies will never change"
“The fear now is that the trade war escalates, and the US doesn’t back down,” said Jay Woods, chief global strategist at Freedom Capital Markets.
Our Thoughts: Seems like only thing dropping faster than the stock market.. is our will to check prices at the frozen meats aisle at Whole Foods 🛒📉😭
Us eating frozen cereal with a fork for breakfast today to save milk 💀🥣
Finance: Speaking of the aftermath of this trade war..
Seems like the ONLY person who has benefited this year is Warren Buffet, who has added a whopping $12 billion to net worth this year.
While 2025 had billionaires bleeding, Grandpa B was out here printing 💸
According to Bloomberg, the 94-year-old investor defied the odds and has added roughly $11.5 billion to his net worth this year, thanks to well-timed decisions and to offload Apple shares and maintain a cash reserve.
The gains make him currently the world’s 4th-richest person.
While most billionaires saw red, his portfolio is the only one in green:
✅ Buffet: +$12.7B this year
❌ Elon: –$130B
❌ Bezos: –$45B
❌ Zuck: –$28B
❌ Ellison: –$42B
Our Thoughts: Investors said he was “Too safe. Too old-school. Didn’t “get” tech.”
Meanwhile, he was quietly cutting Apple, BoA, Citi- and stacking US Treasury bills.
Conservative? Nah. Just calculated♟️🐐.. Just the way we like it
Entertainment 📺 : White Lotus fan base continues to skyrocket globally.
After a series high of almost 5 million viewers last week, the much-anticipated "The White Lotus" Season 3 finale is expected to break records again.
At this point we couldn't help but wonder if we're the ones who would die in the season finale
No spoilers guys but the whole point of this TV show is that a woman would rather marry a murderer than a freelance journalist
PS. Us when we see people being mean to Gaitok on White Lotus👇🏻
Key Highlights, reported by Deadline
-Fans of the murder mystery have been rising weekly
-The season is on track to hit at least 18 million viewers globally
-That would be double the viewership from its first season
-Its weekly rollout, along with a "blizzard of recaps, podcasts and think pieces," has helped build buzz
-The show has already been renewed for Season 4
Health🥤: Diet sodas boost risk of dangerous heart condition by 20%, new data suggests.
Umm sugar causes diabetes. We f**ked either way
Also, major news alert guys: Ain't NOBODY gettin' outta this life alive
Key Highlights, reported by CNN:
-Drinking 2 litres or more of diet drinks per week raised the risk of an irregular heartbeat called "atrial fibrillation" by 20%
-Drinking the same amount of added-sugar beverages raised the risk of the condition by 10%
-Meanwhile, drinking around 120ml of freshly squeezed juices, such as an orange or green juice, infact lowered the risk by 8%
Contrary to the intended purpose, some studies suggest that diet sodas may not aid in weight loss; Artificial sweeteners might alter the brain's response to sweetness, potentially increasing cravings for high-calorie foods.
Additionally, they may affect insulin response and metabolism, leading to weight gain and an increased risk of type 2 diabetes.
“Water is the best choice, and, based on this study, no- and low-calorie sweetened beverages should be limited or avoided”
-American Heart Association
Our Thoughts: Yep.. we know "water is the best choice"..
When we drink water with a splash of lemon after drowning your liver in Don Julio and Coke the night before
Quicker Bites:
Apple’s 3-day loss in market cap swells to almost $640 billion.
South Korea sets snap presidential election for June 3, drawing out contenders.
Trump rejects offers to tear down tariffs, threatens more on China.
Zelensky confirms for first time that Ukrainian troops active in Russia’s Belgorod region.
Measles vaccination rate may be even lower than estimated, leaving kids vulnerable amid outbreak.