In the scrap over how to fund President Joe Biden’s spending plans, the Democrats’ focus has shifted from taxing private funds to public at the last minute. Sen. Kyrsten Sinema (D., Ariz.) backs dropp...
Tag: Blackstone
Intel Posts Sharp Drop in Sales, Issues Muted Outlook
Updated July 28, 2022 6:36 pm ET Listen to article (2 minutes) Chip maker Intel reported a surprise quarterly loss and cut its full-year outlook, reflecting a slump in personal-computer purchases and ...
Senate Reconciliation Bill Would Close Carried Interest Loophole. What It Means for Private Equity.
Text size Sen. Joe Manchin wants to eliminate a provision giving favorable tax treatment to the private-equity industry. Alex Wong/Getty Images In a surprise, Senate Democrats reached a deal on a bill...
Blackstone shares dip after posting loss but its distributable earnings beat estimates
Blackstone Inc. BX, -3.65% shares fell 3.9% in premarket trades on Thursday after the private equity firm said it swung to a second-quarter loss of $29.4 million, or 4 cents a share, from net income o...
Blackstone Sees Fed Funds Rate Near 5% on Longer Hiking Cycle
(Bloomberg) — The Federal Reserve will need to go on a longer tightening cycle and raise interest rates well into next year to control inflation that Blackstone Group sees as “more deeply entren...
Blackstone Earnings Are Coming. What to Expect.
Text size Blackstone is expected to produce Q2 results of $1.43 a share in distributable earnings. Angus Mordant/Bloomberg Blackstone will kick off earnings season for alternative asset managers when ...
Fund giants like Blackstone and Opendoor keep gobbling up homes even as mortgage rates rise — here’s how small investors can lock in higher yields than the big money
Fund giants like Blackstone and Opendoor keep gobbling up homes even as mortgage rates rise — here’s how small investors can lock in higher yields than the big money For most investors, real est...
Soho China CFO Probed For Insider Trading; Shares Fall 2.8% In Hong Kong
Soho China CEO Zhang Xin, second from right, chats with guests at her newly opened Galaxy Soho … [+] building in Beijing in 2012. Galaxy Soho, a new office, retail and entertainment building, wa...
Blackstone dealt legal setback after $5bn low-income housing deal
Blackstone has suffered a legal setback in a dispute with housing non-profits that are trying to seize some of the apartment buildings it bought for $5.1bn from AIG last year. The world’s biggest priv...
U.S.-China Business Ties Are “Better Than The Headlines”
Travel restrictions related to Covid underscore the importance of a strong local management team in … [+] China, says National Committee on U.S.-China Relations President Steve Orlins. Bill Russ...
Justin Timberlake sells song catalog for $100M to fund backed by Blackstone
Recording artist Justin Timberlake performs onstage during the Pepsi Super Bowl LII Halftime Show at U.S. Bank Stadium on February 4, 2018 in Minneapolis, Minnesota. Christopher Polk | Getty Images Bu...
Home affordability at 2007 bubble level but crash unlikely: Blackstone
A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely du...
Alphabet Chief Financial Officer Ruth Porat Bought Stock in Blackstone
Text size Blackstone headquarters in New York. Angus Mordant/Bloomberg Blackstone stock has slumped so far in 2022, and director Ruth Porat just bought shares of the private-equity firm on the open ma...
Blackstone Earnings Fall to $1.22 Billion
Blackstone Inc.’s BX -6.45% first-quarter earnings fell as the value of the private-equity giant’s investments climbed at a slower pace. The New York firm reported net income of $1.22 billion, or $1.6...
Blackstone’s Earnings Beat Estimates. Assets Under Management Are Rising.
Text size Blackstone Group had net inflows of $50 billion in the quarter. Munshi Ahmed/Bloomberg Blackstone, the private-equity giant, reported higher distributable earnings than expected and came clo...
Blackstone COO on Q1 results: extraordinary quarter against tough backdrop
Shares of Blackstone Inc (NYSE: BX) opened roughly 5.0% up on Thursday after the alternative investment management company reported better-than-expected results for its fiscal first quarter. What Blac...
American Airlines, Blackstone, AT&T and more
Check out the companies making headlines before the bell: American Airlines (AAL) – American soared 10.5% in premarket trading after reporting a smaller-than-expected loss and predicting profitability...
Blackstone Products Announces Preliminary Fourth Quarter And Full Year 2021 Results
Blackstone Products,a design-driven company that produces griddle cooking appliances and accessories, today announced preliminary financial results for its full fiscal year ended Dec. 31, 2021. Blacks...
Blackstone Plans Fund for People With Millions Not Billions
(Bloomberg) — Dentists, surgeons and other suburban millionaires don’t loom large on the client rosters of buyout funds run by the most elite investment firms. Most Read from Bloomberg But insid...
Blackstone Makes £140 Million Strategic Investment in Currencies Direct
To facilitate the acceleration of its expansion, Currencies Direct, a global provider of digital foreign exchange (FX) and global payment services to private clients and SMEs, today announced a strate...
As Profits Rise, Private Equity Billionaires Have Huge Paydays
Including dividends, Blackstone chairman and CEO Stephen Schwarzman took home $1.1 billion in 2021. Roy Rochlin/Getty Images The largest paychecks on Wall Street aren’t being collected in the corner o...
Splunk, Blackstone, Aerojet Rocketdyne and more
Take a look at some of the biggest movers in the premarket: Splunk (SPLK) – Cisco Systems (CSCO) made a more than $20 billion takeover bid for the cloud software company, according to people familiar ...
Billionaire James Packer’s Crown Resorts Accepts Blackstone’s $6.3 Billion Takeover Offer
MELBOURNE, AUSTRALIA – OCTOBER 26: A general view of Crown Towers on October 26, 2017 in Melbourne, … [+] Australia. (Photo by Scott Barbour/Getty Images) Getty Images Crown Resorts—contro...
McDonald’s, Blackstone, Netflix and others
Check out the companies making headlines before the bell: Comcast (CMCSA) – The NBCUniversal and CNBC parent earned an adjusted 77 cents per share for the fourth quarter, 4 cents above estimates, with...