Blackstone

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203 stories mentioning BlackstoneUpdated 5h ago

An alternative-investment manager whose peers Blue Owl, Ares and Golub are targeting a $500 billion opportunity in Mexico's pension pool, per reports.

What's the latest news on Blackstone?

Wire61d ago

Blackstone, Anthropic, Hellman & Friedman Unveil Enterprise AI Services Firm

Blackstone (BX), Anthropic and Hellman & Friedman said Wednesday they were launching the AI services firm Ode with Anthropic.Ode is a standalone company combining Anthropic's frontier AI models, AI engineers and operators and a consortium of investors that includes Goldman Sachs (GS), Apollo Global Management (APO), General Atlantic, Leonard Green & Partners, GIC and Sequoia Capital.Blackstone shares were 3.8% higher in Wednesday trading.Price: $129.44, Change: $+4.88, Percent Change: +3.92%

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Commodities63d ago

Blackstone-Led Consortium Invests $5.34 Billion in Williams Power Venture

Williams Companies (WMB) secured a $5.34 billion investment from a Blackstone-led consortium to fund its Power Innovation projects while retaining majority ownership and operational control, the company said Monday.Funds managed by Blackstone Credit & Insurance, together with Apollo and insurance vehicles and accounts managed by KKR, will acquire a 49% noncontrolling stake in Williams' five power innovation projects, the company said.Of the total commitment, $4.4 billion will cover 49% of projected growth capital spending, while Williams will receive about $0.9 billion in additional proceeds. The company will continue to own 51% of the projects and oversee their operations.Williams and the investor group will share cash distributions according to their 51%-49% ownership interests. The company also secured an option to repurchase the stake between years 7 and 14, preserving future upside, it said.Power Innovation projects included in the deal are Socrates, Apollo, Aquila, Socrates the Younger and Neo, Williams said.The company expects the transaction to provide efficient equity funding for its existing Power Innovation developments and to support its pipeline of more than 6 gigawatts of planned power projects.Williams said the investment will reduce its funding requirements, limit additional borrowing and preserve balance sheet capacity for future growth opportunities while supporting its long-term leverage target."With more than 2.6 gigawatts announced, our Power Innovation portfolio is scaling rapidly, and we look forward to delivering these critical energy solutions for American companies," said Chad Zamarin, Williams President and Chief Executive Officer.The company reaffirmed 2026 adjusted EBITDA guidance in the upper half of its $8.05 billion to $8.35 billion range. It also maintained 2026 growth capital expenditure guidance of $7 billion to $7.6 billion and maintenance capital expenditure guidance of $850 million-$950 million.Williams now expects its 2026 leverage ratio midpoint to be about 3.6x, remaining within its long-term target of 3.5x-4.0x. All other per-share guidance remains unchanged, the company said.Price: $74.86, Change: $-0.16, Percent Change: -0.22%

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Wire63d ago

Blackstone, Apollo, KKR to Invest $5.34 Billion in Williams' Power Innovation Projects

Funds managed by Blackstone (BX) Credit & Insurance, in partnership with Apollo Global Management (APO) and KKR-managed (KKR) insurance vehicles will invest $5.34 billion in Williams' (WMB) five Power Innovation projects in exchange for a 49% noncontrolling equity interest in the projects, Williams said Monday.The deal includes $4.4 billion and about $0.9 billion of additional consideration to Williams, which has a buyout right between years seven and 14 valued at the Blackstone outstanding investment balance amount, the company said.Price: $124.09, Change: $+1.02, Percent Change: +0.83%

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Sectors66d ago

Sector Update: Financial Stocks Higher Late Afternoon

Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.9%.The Philadelphia Housing Index was up 1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) increased 0.2%.Bitcoin (BTC-USD) was rising 1.5% to $63,149, and the yield for 10-year US Treasuries fell 3 basis points to 4.539%.In economic news, US initial jobless claims fell sequentially to 215,000 in the week ended July 4 from an upwardly revised 217,000, compared with 217,000 in a Bloomberg survey.The pace of US existing home sales fell 2.4% to a 4.09 million seasonally adjusted annual rate in June from an upwardly-revised 4.19 million annual rate in May, compared with a rise to 4.20 million in a Bloomberg survey, data from the National Association of Realtors released Thursday showed.In sector news, Kalshi is in discussions with US regulators to expand its perpetual futures offerings beyond cryptocurrencies into asset classes including metals, foreign exchange, and energy, Reuters reported, citing Chief Risk Officer Udesh Jha.In corporate news, Blackstone (BX) and TPG (TPG) are looking to sell Hologic's surgical business for more than $4 billion, the Financial Times reported. Blackstone shares rose 3.1%, and TPG added 2%.Barclays (BCS) is preparing to sell about $875 million of debt financing to support Blackstone and Tinicum's acquisition of UK aerospace supplier Senior, Bloomberg reported. Barclays shares gained 1.8%.Mara (MARA) has agreed to buy a powered land site in Matagorda County, Texas, from HIF USA, the firms said. The site will be developed via Mara's partnership with Starwood Digital Ventures as a campus for Bitcoin mining and high-performance computing workloads. Shares jumped past 10%.CME's (CME) attempt to list a self-certified, round-the-clock crude oil futures contract has been blocked by the US Commodity Futures Trading Commission, the regulator said Thursday. CME shares fell 1.6%.

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Sectors66d ago

Sector Update: Financial

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Wire67d ago

Deutsche Bank Adjusts Blackstone Price Target to $150 From $148

Blackstone (BX) has an average rating of overweight and mean price target of $140.71, according to analysts polled by FactSet.Price: $121.27, Change: $+2.65, Percent Change: +2.23%

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Wire67d ago

Barclays Adjusts Price Target on Blackstone to $119 From $124

Blackstone (BX) has an average rating of overweight and mean price target of $140.71, according to analysts polled by FactSet.Price: $120.70, Change: $+2.07, Percent Change: +1.75%

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Sectors67d ago

Sector Update: Financial Stocks Edge Higher Premarket Thursday

Financial stocks were edging higher premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.3% lower.Barclays (BCS) is preparing to sell about $875 million of debt financing to support Blackstone (BX) and Tinicum's acquisition of UK aerospace supplier Senior, Bloomberg reported, citing unnamed sources familiar with the matter. Shares of Barclays were nearly 1% higher pre-bell.WisdomTree (WT) has launched the WisdomTree Space Economy Fund or WSPC on Nasdaq. Shares of WisdomTree were down more than 2% premarket.Bank of America (BAC) has invested in two deals in Germany's Schuldschein private debt market since last year, as part of efforts to secure medium-sized European clients, Bloomberg reported, citing people familiar with the matter. Bank of America stock was 0.2% higher pre-bell.

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Sectors67d ago

Sector Update: Financial

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Sectors73d ago

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.1%.The Philadelphia Housing Index was 0.1% lower, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.8%.Bitcoin (BTC-USD) was climbing 2.3% to $61,570, and the yield for 10-year US Treasuries rose 1 basis point to 4.485%.In economic news, the June employment report showed nonfarm payrolls rose by 57,000, according to the Bureau of Labor Statistics, below the 113,000 jump expected in a Bloomberg-compiled survey. May payrolls were revised downward to a 129,000 gain, and April payrolls were revised down to a 148,000 expansion, for a net downward revision of 74,000 jobs.In corporate news, CME (CME) said its average daily volume in June rose 19% to a record for the month of 30.6 million contracts from a year earlier, while Q2 ADV reached 29.8 million contracts, the second-highest for the period in the exchange operator's history. Its shares added 2.3%.Blackstone's (BX) QTS is scrapping its plans to build a portion of a large data center campus in Virginia after receiving significant pushback from residents there, Bloomberg reported. Blackstone shares were up 1.8%.Goldman Sachs (GS) said Thursday it will provide a $1,000 matching contribution to federal Trump Accounts, a new tax-deferred federal investment vehicle, for eligible children of its US employees. Goldman shares were down 0.4%.JPMorgan Chase (JPM) will join Gulf banks in helping arrange roughly $7 billion of debt financing for a Qatari company's projects in Syria, Bloomberg reported. JPMorgan shares were decreasing 0.2%.

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Sectors73d ago

Sector Update: Financial

Financial stocks were advancing in late Thursday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.1%.The Philadelphia Housing Index was 0.1% lower, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.8%.Bitcoin (BTC-USD) was climbing 2.3% to $61,570, and the yield for 10-year US Treasuries rose 1 basis point to 4.485%.In corporate news, Blackstone's (BX) QTS is scrapping its plans to build a portion of a large data center campus in Virginia after receiving significant pushback from residents there, Bloomberg reported. Blackstone shares were up 1.8%.

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Wire74d ago

Market Chatter: Blackstone's QTS Abandons Virginia Data Center Plans

Blackstone's (BX) QTS is scrapping its plans to build a portion of a large data center campus in Virginia after receiving significant pushback from residents there, Bloomberg reported Thursday, citing people familiar with the matter.In recent days, QTS executives decided that the project wasn't worth a court battle, and the data center developer's attorneys plan to notify the court of its decision as soon as this week, the report said, citing the people.QTS didn't immediately reply 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: $121.78, Change: $+2.23, Percent Change: +1.87%

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Wire74d ago

Blackstone's QTS Abandons Virginia Data Center Plans, Bloomberg Reports

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Oil & Energy74d ago

Market Chatter: Kuwait Petroleum Seeks Bidder Consolidations for $7 Billion Kuwaiti Oil Pipeline Stake

Kuwait Petroleum has requested that global investment funds bidding for a $7 billion stake in its oil pipeline network form consortiums to consolidate competing bids, aiming to accommodate smaller investors with close ties to the state energy firm, Reuters reported Thursday, citing sources.The deal has drawn notable interest across the alternative asset management sector, with Blackstone (BX) also surfacing as a participant for the first time in the current multi-year wave of Middle Eastern national oil company asset sales.Blackstone joins a group of infrastructure heavyweights advancing to the next round of the competitive sale process, including Brookfield Asset Management (BAM), Apollo Global Management (APO), KKR (KKR), EIG Global Energy Partners, and BlackRock (BLK) alongside its newly integrated infrastructure division, Global Infrastructure Partners.Except for KKR, who declined to comment, none of the parties involved responded immediately to' request for comments.(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.)

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Japan75d ago

US Equity Markets End Higher Amid Semiconductor-Led Technology Stock Gains

US equity indexes were higher on Tuesday amid semiconductor-led gains in technology stocks.* US job openings rose to 7.594 million in May, according to the Bureau of Labor Statistics, above the 7.296 million openings expected in a Bloomberg-compiled survey and up from the 7.585 million openings reported in April.* The Conference Board's measure of consumer confidence rose to 91.2 in June from a downwardly revised 90.6 in May, below the 94.4 predicted in a Bloomberg-compiled survey.* The Institute for Supply Management's Chicago PMI fell to 56.7 in June from 62.7 in May, compared with the 55.1 anticipated in a Bloomberg-compiled survey.* August West Texas Intermediate crude oil fell $0.67 to settle at $70.08 per barrel, while August Brent crude, the global benchmark, was last seen down $0.23 at $72.92.* SanDisk (SNDK) shares were up roughly 10%, the top gainer on the S&P 500 and Nasdaq, after Bernstein adjusted the price target for the company to $3,000 from $1,700 while maintaining its outperform rating.* Digital Realty (DLR) shares fell about 5.7%, the worst performer on the S&P 500, after the company said it priced a secondary public offering of 12.3 million shares by affiliates of Blackstone (BX) at $185 each.

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Wire75d ago

Goldman, Morgan Stanley, BofA, Citi Cut as Valuations Rise, Oppenheimer Says

Goldman Sachs (GS), Morgan Stanley (MS), Bank of America (BAC) and Citigroup (C) were downgraded as rising valuations make large-cap bank stocks less compelling, prompting a shift toward alternative asset managers, Oppenheimer said Tuesday in a report.Commercial and investment banks remain on solid growth paths, with no near-term catalysts expected to disrupt earnings, the report said. Even so, Oppenheimer noted that valuations have already moved to the upper end of historical ranges for commercial banks and well above average for investment banks, leaving less room for upside despite strong credit conditions, robust trading activity and a buoyant investment-banking cycle.Oppenheimer recommended investors rotate out of large-cap bank stocks and into alternative asset managers, particularly Ares Management (ARES), Blackstone (BX) and KKR (KKR), where it sees more attractive entry points.Oppenheimer downgraded Goldman and Morgan Stanley to underperform from perform, and cut Bank of America and Citigroup to perform from outperform.Price: $1009.49, Change: $-10.72, Percent Change: -1.05%

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Sectors80d ago

Sector Update: Financial Stocks Mixed Late Afternoon

Financial stocks were mixed in late Thursday afternoon trading, with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.2%.The Philadelphia Housing Index added 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.2%.Bitcoin (BTC-USD) fell 3% to $59,162, and the yield for 10-year US Treasuries decreased 1 basis point to 4.392%.In economic news, annual inflation accelerated to 4.1% in May, the fastest print since April 2023, matching consensus, based on the personal consumption expenditures, or PCE, price index data from the Bureau of Economic Analysis. It follows a 3.8% gain in April. Core PCE inflation, which strips out food and energy, accelerated to 3.4% from a year ago, as expected, from 3.3% in April. That's the highest reading since October 2023.US real gross domestic product increased at a 2.1% annualized rate in the first quarter, up from 1.6% growth reported in the second estimate, according to latest official data Thursday.In corporate news, JPMorgan Chase (JPM) said Thursday Doug Petno and Troy Rohrbaugh, co-chief executives of JPMorgan's commercial and investment bank, have been named co-presidents of the firm, effective immediately. Shares rose 0.6%.Blue Owl Capital (OWL) is in advanced talks to acquire a minority stake of 5% to 10% in the National Basketball Association's Cleveland Cavaliers, Bloomberg reported. Shares were up 0.1%.CME (CME) is planning to introduce wind derivatives linked to markets in the US, Europe and Australia as renewable energy generation expands, Bloomberg reported. Shares fell 2.5%.Blackstone (BX) and Bain Capital are among the firms that have moved forward in the sale process for Fuji Media's property business, Sankei Building, Bloomberg reported. Preliminary bids reportedly value the real estate unit at about 1 trillion Japanese yen ($6.18 billion), potentially making it the largest property deal in Japan, the report said. Blackstone shares rose 1.1%.

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Sectors81d ago

Sector Update: Financial Stocks Mixed Thursday Afternoon

Financial stocks were mixed in Thursday afternoon trading, with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.2%.The Philadelphia Housing Index was climbing 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.2%.Bitcoin (BTC-USD) was up 0.3% to $59,628, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.38%.In economic news, annual inflation accelerated to 4.1% in May, the fastest print since April 2023, matching consensus, based on the personal consumption expenditures, or PCE, price index data from the Bureau of Economic Analysis. It follows a 3.8% gain in April. Core PCE inflation, which strips out food and energy, accelerated to 3.4% from a year ago, as expected, from 3.3% in April. That's the highest reading since October 2023.In corporate news, JPMorgan Chase (JPM) said Thursday that Doug Petno and Troy Rohrbaugh, co-chief executives of JPMorgan's commercial and investment bank, have been named co-presidents of the company, effective immediately. JPMorgan shares were up 0.7%.CME (CME) is planning to introduce wind derivatives linked to markets in the US, Europe and Australia as renewable energy generation expands, Bloomberg reported. CME shares were down 2.6%.Blackstone (BX) and Bain Capital are among the firms that have moved forward in the sale process for Fuji Media's property business, Sankei Building, Bloomberg reported. Preliminary bids reportedly value the real estate unit at about 1 trillion Japanese yen ($6.18 billion), potentially making the transaction the largest property deal in Japan, the report said. Blackstone shares rose 2.2%.

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International81d ago

US Equity Markets Mixed as Crude Oil Prices, Government Bond Yields Fall

US equity indexes were mixed on Wednesday amid a decline in crude oil prices and government bond yields.* US new-home sales decelerated to a 580,000 annual rate in May from an upwardly revised 626,000 rate in April, below the 640,000 rate expected in a Bloomberg-compiled survey. Home sales were down 6.8% from May 2025.* The market composite index, which measures mortgage application volume, increased 1% in the week ended June 19. On an unadjusted basis, the index decreased 10% compared with the previous week.* August West Texas Intermediate crude oil fell $3.23 to settle at $69.99 per barrel, while August Brent crude, the global benchmark, was last seen down $3.84 at $73.24.* In an analyst note, UBS named American Airlines Group (AAL) and United Airlines Holdings (UAL) as its top picks ahead of Q2 results. United Airlines shares were up nearly 6%, among the top gainers on the S&P 500.* Blackstone (BX) is preparing to invest $30 billion in AI data centers in Japan within the next three to five years, Nikkei Asia reported, citing an interview with Chief Operating Officer Jonathan Gray. Blackstone shares were down about 6.4%, the second-worst performer on the S&P 500.

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