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The Latest Breaking News from Torsten Sløk

The tariffs are raising $100 billion less than Trump expected. Pantheon Macro sees 3 reasons why, starting with China

Scott Bessent said in August that tariffs would raise “well over half a trillion, maybe toward a trillion-dollar number.” It hasn’t panned out that way.

Fortune

White House official says October jobs and inflation data are likely to never be released

It’s the first time monthly data on the economic indicators is missed since the Bureau of Labor Statistics officially started the reports.

Fortune

Top Economist Warns US Stock Valuations Are At 'Historically Extreme' Levels — Could Correction Happen Soon?

The latest warning about the potential bubble in the stock market comes from Apollo Global Management Inc.‘s chief economist, Torsten Sløk, who has reportedly raised concerns about high market valuations.

Benzinga

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Even as stocks slide, Wall Street is at 'historically extreme valuations,' warns Apollo chief economist

The latest data underlines a broader concern among analysts that a reckoning is looming for the markets.

Fortune

Without data centers, GDP growth was 0.1% in the first half of 2025, Harvard economist says

Is a U.S. without data centers a country without GDP growth?

Fortune

Nearly 70% of Americans think the economy is on the ‘wrong track’ and it's a bad time to buy a home, Fannie Mae survey shows

Americans are short on hope about the housing market.

Fortune

The economy is just getting stronger, not weaker, and ‘we in the economics profession need to look ourselves in the mirror,’ top analyst says

“The consensus has been wrong since January,” Apollo Global Management chief economist Torsten Sløk wrote on Wednesday.

Fortune

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Here's how many jobs have been lost in sectors affected by tariffs since Trump's trade war started

Across all the tariff-impacted industries, payrolls fell by 90,100 after February—the last pre-trade war month.

Fortune

Americans say $74,000 a year is the ‘perfect salary.’ But that would make buying a house affordable in only two states

Even doubling that “perfect salary” to $148,000 won’t get you a house in every state.

Fortune

With market on edge about Friday's jobs report, new data confirms the economy has the fewest job openings in nearly a year

"The U.S. labor market is slowing down," Bank of America Research wrote on Wednesday morning. Then the JOLTS data dropped.

Fortune

Is A Stock Market Crash Imminent? Bubble Warnings Grow Louder

From meme stock rallies and sky-high call options to trillion-dollar tech valuations, signs of a new stock market bubble are flashing across Wall Street—and this time, the warnings are coming from nearly every corner of the financial world.

Benzinga

The S&P 500 is ‘extremely concentrated,’ Apollo economist says, warning the best AI investment may not be in the Magnificent 7

“The textbook idea that the S&P 500 gives you a diversified exposure to risk is just simply no longer the case,” Apollo economist Torsten Sløk told Fortune.

Fortune

AI bubble is worse than the dot-com crash that erased trillions, economist warns — overvaluations could lead to catastrophic consequences

A top economist has warned that the AI bubble could be more over-inflated than the dot-com bubble, suggesting that all of the AI companies are even more overvalued than their techy counterparts from 25 years ago.

Tom’s Hardware

'Overvalued' AI Stocks Like Nvidia, Microsoft May Trigger Market Crash Worse Than The Dot-Com Bubble, Economist Warns

The current artificial intelligence (AI) frenzy could potentially trigger a market crash more severe than the dot-com bubble burst of 1999, according to a leading economist.

Benzinga

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Fortune

Apollo's chief economist warns the AI bubble is even worse than the 1999 dot-com bubble

"The top 10 companies in the S&P 500 today are more overvalued than they were in the 1990s."

Fortune

For the first time in decades, the U.S. will likely experience negative net migration, shrinking the U.S. workforce—and economic growth by extension

Trump’s mass deportation campaign could slash GDP growth by up to 0.4% in 2025 in a “startling” blow to the labor force, economists warn

Benzinga

As US Dollar Sinks, Top Economist Warns 10% Slide Could Spark New Inflation Spike

The United States is bracing for a potential acceleration in inflation, with a significant depreciation of the dollar now identified as a key contributing factor, according to a new analysis by Torsten Sløk, the chief economist at Apollo.

The Independent UK

Is Trump a genius? Top economist and tariff skeptic admits president may have outsmarted us all on the economy

Torsten Sløk, the chief economist at Apollo Global Management, theorized a possible way for President Donald Trump to avoid wrecking the global economy with his tariffs — if he changes how he’s playing his game

Get all your
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Fortune

Top economist who previously sounded the alarm on tariffs sees a possible scenario where Trump 'outsmarted all of us'

“This would seem like a victory for the world and yet would produce $400 billion of annual revenue for U.S. taxpayers.”

Fortune

Government borrowing binge could crowd out mortgages and investment

U.S. Treasuries accounted for $28.3 trillion, or roughly 60%, of the country’s $46.9 trillion fixed-income market last year.

Fortune

Tariffs threaten a pharmaceuticals shortage, as 95% of ibuprofen comes from China

Apollo chief economist Torsten Sløk predicted “empty shelves” in the next few weeks as a result of tariff-induced supply chain disruptions.

Fortune

A record number of Americans aren't paying off their credit card

Consumer sentiment has fallen more over the last three months than during the 2008 financial crisis.

The Guardian - UK

Trump tariffs prompt slump in shipments to US ports

Number of vessels scheduled to arrive at Port of Los Angeles next week is down by almost a third year on year

Fortune

Global stocks shake off reports of collapse in U.S. import trade

Apollo published a slide deck arguing that the reduction in imports would be enough to trigger a recession in the U.S. starting in the summer.

The Guardian - UK

US tariff war hurting trade with China; M&S cyber-attack crisis continues; FTSE 100 rises for 11th day running – as it happened

Rolling coverage of the latest economic and financial news

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