The U.S. is trying to wean itself off fossil fuels, and FirstEnergy an Ohio-based electric utility, should be among that campaign’s winners. The outlook for electric utilities is the best in decades, ...
Tag: BX
Blackstone’s Big New Idea Leaves It Bruised
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Blackstone Stock Is a Good Investment, Even in a Downbeat Economy
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or rec...
Blackstone profit falls, but distributable earnings beat estimates
Blackstone Inc. BX, +3.02% stock fell 1% in premarket trades on Thursday after the private equity firms said its fourth-quarter net income fell to $557.9 million, or 75 cents a share, from $1.4 billio...
Blackstone Limited Withdrawals From Its Huge Retail REIT, Stock Slumps
Blackstone is limiting withdrawals from its huge retail real estate investment trust after a sharp rise in redemption requests from investors. In a letter posted on the Blackstone Real Estate Income T...
Blackstone selling MGM Grand and Mandalay Bay hotel stake to Vici: WSJ
Blackstone Inc. BX, -6.92% is selling a 49.9% stake in MGM Grand Las Vegas and the Mandalay Bay in a $5.5 billion deal with Vici Properties Inc. VICI, -0.28%, the majority owner of the two hotels, the...
Blackstone’s Breit Retail Real Estate Fund Suffers First Significant Outflows
Blackstone ‘s big retail real estate fund experienced sizable net redemptions for the first time, in a potentially worrisome development for what has become one of the firm’s most important products a...
Blackstone shares fall on Credit Suisse downgrade to underperform
Blackstone Inc. BX, -2.28% shares fell 2.5% on Tuesday after Credit Suisse downgraded the alternative investment manager to underperform from neutral and cut its price target to $67.50 a share from $8...
Will Home Prices Crash? Don’t Count on It. Here’s Why.
The housing market is cooling, but the downturn may be overhyped. That is both a blessing and a curse. Data released this past week showed that U.S. home prices fell in August at the steepest month-ov...
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 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 ...
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 Profits Nearly Double as Total Assets Set Quarterly Record
Text size Signage outside the Blackstone headquarters in New York. Angus Mordant/Bloomberg Shares of Blackstone rose Thursday after total assets at the world’s biggest alternative asset manager rose t...