2025-08-12
9 分钟Hey, listeners, your money briefing is on a break,
but we're still here to keep you informed on important money matters.
Today, we've got a peek under the hood of the U.S. economy,
courtesy of earnings season and companies' financial reports.
Hey, listeners, it's Monday, August 11th.
I'm Miriam Gottfried for The Wall Street Journal.
And this is What's News in Earnings,
our look at the broad themes that stood out in the latest earnings season.
So shares of publicly traded private equity firms, also known as alternative asset managers,
typically rise and fall with public markets, often with slightly bigger swings in both directions.
That's
because their earnings are tied to the valuations of the companies they own in their portfolios.
And those tend to track comparable public companies,
but they also usually carry a significant amount of debt,
which means that the ups and downs can be magnified.
Ever since the start of this year, though, the stock performance of firms like Blackstone,
Apollo and KKR seems to have come a little bit uncoupled from the performance of the broader markets.
And President Trump's tariffs are only part of the story.
Now,
the performance of these companies matters