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Sectors

Sector Update: Financial Stocks Fall Monday

Financial stocks declined Monday with the NYSE Financial Index falling 1.1% and the State Street Financial Select Sector SPDR ETF (XLF) losing 0.7%.The Philadelphia Housing Index dropped 3.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.6%.Bitcoin (BTC-USD) rose 1.7% to $79,950, and the yield for 10-year US Treasuries gained 6.8 basis points to 4.45%.In economic news, new orders for US factory goods rose 1.5% in March, above expectations for a 0.6% gain in a Bloomberg survey, following a revised 0.3% increase in February. Excluding a 0.8% rebound in transportation orders, new orders would have been up 1.6%, topping the projected 1.3% gain and matching February's pace.In corporate news, Boyd, which is backed by Goldman Sachs (GS) Asset Management, is offering a deeply discounted loan to refinance its capital structure following the sale of its liquid-cooling business to Eaton (ETN), Bloomberg reported. Goldman shares fell 2.2%.Carlyle (CG) arranged a first-of-its-kind financing that will seed its next flagship buyout fund while repaying investors in some of its older funds, Bloomberg reported. Carlyle shares rose 1.1%.American Express Global Business Travel, which is operated by Global Business Travel (GBTG), agreed to be acquired by Long Lake Management for $6.3 billion in cash. Global Business Travel shares surged 58%.Blackstone (BX) Digital Infrastructure Trust set its initial public offering at 87.5 million shares with an anticipated price of $20 a share. Blackstone shares fell 1.7%.

$BX$CG$GBTG$GS
Sectors

Sector Update: Financial Stocks Decline in Afternoon Trading

Financial stocks were lower Monday afternoon, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.8%.The Philadelphia Housing Index dropped 3.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.7%.Bitcoin (BTC-USD) was increasing 1.9% to $80,023, and the yield for 10-year US Treasuries was rising 7.6 basis points to 4.45%.In economic news, new orders for US factory goods rose by 1.5% in March, above expectations for a 0.6% gain in a Bloomberg-compiled survey, following a revised 0.3% increase in February. Excluding a 0.8% rebound in transportation orders, new orders would have been up 1.6%, above a 1.3% gain expected and the same as in February.In corporate news, American Express Global Business Travel, which is operated by Global Business Travel (GBTG), on Monday agreed to be acquired by Long Lake Management in an all-cash deal worth about $6.3 billion. Global Business Travel shares surged 57%.Blackstone (BX) Digital Infrastructure Trust set its initial public offering at 87.5 million shares with an anticipated price of $20 per share, according to a filing with the Securities and Exchange Commission. Blackstone shares were down 0.9%.JPMorgan Chase (JPM), Morgan Stanley (MS), SMBC and MUFG (MUFG) are exploring ways to distribute data center-related debt to broader investors as AI infrastructure financing strains bank balance sheets, the Financial Times reported. The banks are looking at private loan sales and significant risk transfers, or SRTs, to reduce exposure to large individual borrowers and free up lending capacity, the report said. JPMorgan Chase shares fell 1.4%, Morgan Stanley was shedding 0.9%, and MUFG decreased 0.3%.

$BX$GBTG$JPM$MS$MUFG
Wire

Amazon-Backed Anthropic, Blackstone, Hellman & Friedman, Goldman Sachs Form Enterprise AI Services Firm

Anthropic, which is backed by Amazon (AMZN), Blackstone (BX), Goldman Sachs (GS), and Hellman & Friedman said Monday they established a standalone enterprise services firm to integrate the Claude artificial intelligence platform into core business operations.The new venture is backed by a consortium of alternative asset managers and will prioritize accelerating technology adoption for mid-size companies, the companies said.Its engineers will work in close coordination with Anthropic's research and product teams to build systems that evolve as the underlying technology improves, they said.Price: $271.73, Change: $+3.31, Percent Change: +1.23%

$AMZN$BX$GS
Wire

Street Color: Goldman Sachs, Blackstone, Anthropic, Hellman & Friedman Form New AI Services Entity

Street Color: Goldman Sachs, Blackstone, Anthropic, Hellman & Friedman Form New AI Services Entity

$AMZN$BX$GS
Sectors

Sector Update: Financial Stocks Decline Premarket Monday

Financial stocks were declining premarket Monday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.8% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.9%.Royal Bank of Canada (RY) and Bank of Montreal (BMO) are in talks to sell their financial technology joint venture Moneris to private equity firm Francisco Partners at a valuation of as much as $2 billion, the Financial Times reported. Royal Bank of Canada shares were nearly 3% higher pre-bell.Blackstone (BX) Digital Infrastructure Trust set its initial public offering at 87.5 million shares with an anticipated price of $20 per share, according to a filing with the Securities and Exchange Commission. Blackstone stock was down more than 1% premarket.Blue Owl Capital (OWL) saw its stake held by Brown University reduced by roughly 53% in the first quarter, Reuters reported, citing a regulatory filing. Blue Owl Capital shares were up more than 1% pre-bell.

$BMO$BX$FAS$FAZ$OWL$RY$XLF
Insider Trading

Blackstone Insider Sold Shares Worth $3,775,565, According to a Recent SEC Filing

Vikrant Sawhney, Chief Administrative Officer, on May 01, 2026, sold 30,014 shares in Blackstone (BX) for $3,775,565. Following the Form 4 filing with the SEC, Sawhney has control over a total of 917,269 common shares of the company, with 899,669 shares held directly and 17,600 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1393818/000119312526201508/xslF345X05/ownership.xml

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Commodities

Market Chatter: Investment Giants Vie for Shell Stake in LNG Canada

Private equity giants Apollo Global Management (APO), Blackstone (BX), and KKR (KKR) are the final contenders in a high-stakes auction for a significant portion of Shell's (SHEL) 40% stake in LNG Canada, Reuters reported Thursday, citing sources.The asset has become increasingly attractive as North American energy provides a stable alternative to supplies currently disrupted by the Iran war.Located with direct access to the Pacific, LNG Canada is the first major North American facility capable of shipping liquefied natural gas directly to key Asian markets.According to the report, the deal could be valued between $10 billion and $15 billion and allow Shell to monetize a portion of its interest and attract fresh capital for future expansions of the British Columbia-based facility.Shell intends to sell its exposure to both the first and second phases of the project to a single bidder rather than splitting the stake, the report noted.All involved parties, including the bidding firms, did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$APO$BX$KKR$SHEL
Equities

Market Chatter: Apollo Global Management, Blackstone, KKR Compete for Shell's LNG Canada Stake

Apollo Global Management (APO), Blackstone (BX) and KKR (KKR) are among the final bidders for a major stake in Shell's (SHEL) LNG Canada project in a deal that could top $10 billion and reach as much as $15 billion, Reuters reported Thursday, citing sources.The Shell-led sale could include stakes in both the project's operating first phase and its planned expansion, the report said.Shell is weighing a partial sale of its 40% stake to raise capital while retaining exposure, with LNG Canada's direct access to Asian markets boosting its appeal amid tighter global energy supplies, Reuters added.Apollo Global Management, Blackstone, KKR and Shell did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$APO$BX$KKR$SHEL
Sectors

Sector Update: Financial Stocks Mixed Late Afternoon

Financial stocks were mixed in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.9%.Bitcoin (BTC-USD) was declining 1.4% to $75,268.8, and the yield for 10-year US Treasuries rose 6.2 basis points to 4.42%.In economic news, the Federal Open Market Committee maintained its federal funds rate target at 3.50% to 3.75%, as expected, but four officials dissented, its statement Wednesday afternoon showed.Federal Reserve Chair Jerome Powell said Wednesday at a press conference that he will remain on the Federal Reserve board for a period of time after his term as chair ends on May 15, noting the recent attacks on the Fed and saying that "the things that have happened really in the last three months I think left me no choice but to stay until I see them through at least that long."In corporate news, Blackstone (BX) is planning to integrate its growth business into a new West Coast-based unit that will focus on its AI portfolio and high-growth tech bets, Bloomberg reported, citing an internal company note. Blackstone shares were down 1.6%.PayPal (PYPL) Chief Executive Enrique Lores told managers this week that he is reorganizing the company to make Venmo its own standalone segment within PayPal, CNBC reported. PayPal shares rose 2.6%.Robinhood (HOOD) shares fell past 13% after it reported Q1 earnings and revenue that missed analysts' expectations.Visa (V) shares jumped more than 8% after it lifted its full-year growth outlook and reported better-than-expected fiscal Q2 results.

$BX$HOOD$PYPL$V
Wire

Ares Acquires Stake in Rover Pipeline From Blackstone Energy Transition Partners

Ares Management (ARES) said Wednesday funds led by its Infrastructure Opportunities strategy have acquired a 32.4% stake in the Rover Pipeline from funds managed by Blackstone Energy Transition Partners.Rover, operated by Energy Transfer (ET), is a natural gas transmission pipeline that provides critical connectivity from the Appalachian Basin to end markets across North America, it said.Price: $109.94, Change: $-3.08, Percent Change: -2.72%

$ARES$BX$ET
Wire

Market Chatter: Blackstone to Reorganize Growth Business Into New AI-Focused Unit

Blackstone (BX) is planning to integrate its growth business into a new West Coast-based unit that will focus on its AI portfolio and high-growth tech bets, Bloomberg reported Wednesday, citing an internal company note.The new Blackstone N1 unit will oversee the company's technology investments for its BXPE private equity fund, as well as its growth and Tactical Opportunities businesses, according to the report.Blackstone did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $118.79, Change: $-2.73, Percent Change: -2.25%

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Wire

Autonomous Research Adjusts Blackstone PT to $119 From $129, Maintains Underperform Rating

Autonomous Research Adjusts Blackstone PT to $119 From $129, Maintains Underperform Rating

$BX
Sectors

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks fell in late Friday afternoon trading with the NYSE Financial Index declining 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.7%.The Philadelphia Housing Index dropped 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.2%.Bitcoin (BTC-USD) fell 0.3% to $77,594, and the yield for 10-year US Treasuries decreased 2.1 basis points to 4.30%.In economic news, the University of Michigan consumer sentiment index was revised upward to 49.8 for April from 47.6 in the preliminary estimate, compared with expectations for a smaller upward revision to 48.5 in a survey compiled by Bloomberg.In sector news, US Attorney General for the District of Columbia Jeanine Pirro ordered her office to close its investigation into Federal Reserve Chair Jerome Powell.In corporate news, Western Union (WU) shares dropped 4.2% after the company reported Q1 adjusted earnings that fell more than Wall Street expected.Apollo Commercial Real Estate Finance (ARI) completed the sale of its $9 billion commercial real estate loan portfolio to Athene Holding, following an agreement announced in January. Apollo Commercial's stock rose 0.7%.KKR (KKR) and investment management company Capital Group are planning to launch a public-private credit fund in Asia in H2, Bloomberg reported. KKR shares rose 0.1%.Blackstone (BX), KKR and Apollo Global Management (APO) are negotiating to take control of Medallia from Thoma Bravo, after the software maker defaulted on loans of about $3 billion, the Wall Street Journal reported. Blackstone shares fell 0.5%, and Apollo lost 0.2%.

$APO$ARI$BX$KKR$WU
Sectors

Sector Update: Financial

Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index down less than 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.7%.The Philadelphia Housing Index was slipping 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.2%.Bitcoin (BTC-USD) was decreasing 0.3% to $77,594, and the yield for 10-year US Treasuries decreased 2.1 basis points to 4.30%.In corporate news, Blackstone (BX), KKR (KKR), and Apollo Global Management (APO) are negotiating to take control of Medallia from Thoma Bravo, after the software maker defaulted on loans of about $3 billion, The Wall Street Journal reported. Blackstone shares were down 0.6%, KKR was easing 0.1%, and Apollo decreased 0.2%.

$APO$BX$KKR
Wire

Market Chatter: Blackstone, KKR in Talks to Take Over Medallia From Thoma Bravo After Loan Default

Blackstone (BX), KKR (KKR), and Apollo Global Management (APO) are negotiating to take control of Medallia from Thoma Bravo, after the software maker defaulted on loans of about $3 billion, The Wall Street Journal reported Friday, citing people familiar with the matter.Blackstone and KKR had marked the value of their Medallia loans at around 80 cents on the dollar in December, but have now reduced to 60 cents this month, the report added.Blackstone, KKR, Apollo Global Management did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $121.92, Change: $-0.41, Percent Change: -0.34%

$APO$BX$KKR
Wire

Goldman Sachs Adjusts Blackstone Price Target to $116 From $118, Maintains Neutral Rating

Blackstone (BX) has an average rating of overweight and mean price target of $142.10, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $121.75, Change: $-0.58, Percent Change: -0.47%

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Wire

Blackstone Stock Pressure Driven by Broader Sell-off in Software, RBC Capital Markets Says

Blackstone's (BX) Q1 results did not warrant the roughly 6% stock decline, which was likely driven by the broader sell-off in software and the Medallia restructuring, where the company is a debt holder, RBC Capital Markets said in a Friday research note.The Q1 results were slightly positive due to robust portfolio performance, steady institutional fundraising, and momentum in the company's private wealth funds, the RBC analysts said.The fundraising cycle is expected to ramp management fees in Q4, given fee holidays and credit funds getting paid on deployment. The brokerage forecast a 13% base management fee growth in 2027, according to the note.RBC said the company's performance record and brand strength positions it as a winner within this long-term growth opportunity.RBC reiterated its outperform rating on the stock and adjusted its price target to $173 from $176.Price: $121.98, Change: $-0.35, Percent Change: -0.29%

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Research

Research Alert: CFRA Lowers Rating To Buy From Strong Buy On Shares Of Blackstone Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target at $185 on a forward P/E of 29.8x our 2026 distributable earnings (DE) estimate and 2027's forward P/E at 24.2x. These valuation metrics compare to the three-year historical average at 27.8x and five-year at 25.2x. Our downgrade is a result of our tempered enthusiasm on negative brand issues within the private credit market. We were too optimistic on the DE outlook. We reduce our 2026 DE estimate by $0.50 to $6.20 (consensus $6.13) and lower 2027's by $0.30 to $7.60. Our 2026 revenue projection is $16.0B (prior $16.3B), with 2027's at $19.2B ($19.8B). Our premium valuation to the historic average reflects our view that BX and the ALT industry will show momentum into 2027 within the private market investment cycle. In 2026, we think this translates into increased incentive fees and monetization in Private Equity as well as higher management and advisory fees across all business segments. Private Credit & Insurance showed solid results and attractive fundraising from institutions.

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Commodities

Kindle Energy Breaks Ground on West Virginia Power Plant, Says Blackstone

Kindle Energy officially broke ground on Wolf Summit Energy, a 600-megawatt greenfield combined-cycle gas turbine facility located in Harrison County, West Virginia, Blackstone (BX) said on Wednesday.Backed by funds from Blackstone Energy Transition Partners, the project brings the first-ever combined-cycle natural gas power plant to the state, it said.The facility aims to provide efficient and reliable power to meet the expanding energy demands of the Old Dominion Electric Cooperative.By integrating this 600-megawatt capacity into the grid, Kindle Energy and Blackstone intend to support long-term energy security and economic growth across West Virginia.Price: $125.40, Change: $-4.36, Percent Change: -3.36%

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Sectors

Sector Update: Financial Stocks Lean Lower Pre-Bell Thursday

Financial stocks were leaning lower pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) marginally declining.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.3%.Banco Santander (SAN) shares were down more than 1% after the company said it will temporarily suspend its share buyback program pending approval from US lender Webster Financial's (WBS) shareholders of a proposed takeover by the Spanish bank.Blackstone (BX) shares were down more than 2% even after the company reported higher Q1 distributable earnings and revenue.Nasdaq (NDAQ) stock was up more than 1% after the company posted higher Q1 adjusted earnings and revenue.

$BX$FAS$FAZ$NDAQ$SAN$WBS$XLF

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