blackstone

The stock market experienced a turbulent day as investors offloaded tech and AI-related stocks, leading to a significant sector-wide selloff. For the day, the Nasdaq slid 1.8% to 22,693.32, while the Dow Jones Industrial Average eased nearly 0.5% to 47,885.97. The S&P 500 also finished...

Spotting a money‑making window is less art than disciplined pattern recognition, says Blackstone co‑founder Stephen Schwarzman. What Happened: In a 2020 appearance on the "Lex Fridman Podcast" that has resurfaced on social media, the billionaire explained how "discordant notes" in data or...

Stephen Schwarzman, the 77-year-old CEO of Blackstone, a private equity giant, has emerged as a leading benefactor of artificial intelligence (AI) research and education. His contributions to this field have surpassed half a billion dollars. What Happened: Schwarzman’s interest in AI was...

Over the past few years, real estate has been one of the most resilient sectors amid COVID-19-induced headwinds. Despite the rising interest rates, housing demand has remained irrepressible, causing mortgage rates to cross the 7% mark and hover near 23-year highs.  Blackstone: Commercial Real...

Stampli, a key provider in accounts payable automation, received $61 million in its Series D venture funding round. Blackstone (NYSE: BX) managed funds led the effort alongside other contributions from Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital. Founded in 2015, Stampli saw...

A former Goldman Sachs Group Inc (NYSE:GS) employee has been charged with using Microsoft Corp.'s (NASDAQ:MSFT) Xbox chat service to pass insider trading information. What Happened: Anthony Viggiano, a former Goldman Sachs financial analyst, has been charged by the US Securities and Exchange...

AI stalwart Nvidia Corp. (NASDAQ:NVDA) was the subject of a conspiracy theory floated around by social media users, who suggested that much of Nvidia's second-quarter revenue came from the sales of GPUs to CoreWeave, in which the chipmaker is a strategic investor. A note from Bernstein analyst...

Blackstone real estate investment trust (BREIT), which recently made news for exercising a clause that restricted owner withdrawals for several consecutive months, has not taken the news lying down. Blackstone’s opportunistic funds recently announced the sale of $3.1 billion worth of its...

Blackstone real estate investment trust (BREIT) is known as one of America’s largest and most dependable privately held REITs when it comes to delivering investor returns. However, 2023 has proven to be a difficult year for real estate investors, and Blackstone is not immune. As of May 1,...

A mega Republican donor is delaying contributions to Ron DeSantis following a meeting with the Florida governor that failed to persuade him of DeSantis’ potential as a presidential candidate. What Happened: Alternative investment management company Blackstone Inc co-founder Steve Schwarzman...

Invenergy announced IRG Acquisition Holdings entered into an agreement with American Electric Power (AEP). Details: As part of the agreement, IRG Acquisition Holdings (IRGAH) will acquire AEP’s 1,365-megawatt (MW) unregulated, contracted renewables portfolio for $1.5B enterprise value...

Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs. A leading asset manager and a special purpose acquisition companies attracted some notable insider buying last week. Beneficial owners were in the spotlight as earnings season...

A consortium of private equity firms bought a majority stake in medical supplier Medline Industries Inc, which according to sources familiar with the matter, is a deal valued at more than $30 billion. What Happened: Private equity firms comprising of Blackstone Group Inc (NYSE:...

“Thinking of moving to Miami? DM me.” That’s according to a tweet from Miami Mayor Francis Suarez that's plastered across billboards along California. The initiative, sponsored by Reddit co-founder Alexis Ohanian and early Uber Technologies Inc (NYSE: UBER) and...