Q3 2022: Markets: the three major indexes have posted weekly losses in four out of the last five weeks.

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After their worst first half since 1970, stocks climbed to kick off the second half of the year, led by homebuilding companies. But it still wasn’t enough to notch a winning week

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All told, the 500 richest people in the world lost $1.4 trillion so far this year due to sinking asset prices, according to Bloomberg.  It’s the biggest six-month drop ever for the private jet class.

Jeff Bezos finally beat his archnemesis Elon Musk at something—losing money. The Amazon founder’s net worth crashed by $63 billion in the first half of 2022, while Musk’s fell by $62 billion.