BX
NYSE · Financial Services
Blackstone Inc
$119.27
-4.74 (-3.82%)
BX News30 articles
Broadcom Tumbles $87B as Google Expands Custom Chip Deal with Marvell
Broadcom lost $87 billion in market value after Google expanded its custom chip partnership with Marvell, while Marvell surged nearly 10%.
Broadcom Slips as Google Expands Chip Supplier Roster Amid $370B AI Financing
Broadcom shares dropped 2% premarket after Google expanded its custom-chip suppliers to include Marvell, while a $370B AI financing estimate highlights scale and competition.
Broadcom's AI Surge Tests $370B Financing Strategy
Broadcom's AI chip orders exceeded $30B in Q2, but a $370B financing need looms. Shares fell 5.94% as investors assess the capital challenge.
Nvidia's New AI Financing Strategy Caps Exposure at $125B
Nvidia unveiled a financing strategy to deploy over $500B in third-party AI capital, limiting its own exposure to 25% per project, as the stock hovers near record highs.
Nvidia Stock Edges Up on $500B AI Financing Plan with $125B Backstop
Nvidia (NVDA) shares climbed 0.66% in premarket trading following a $500 billion AI infrastructure financing plan, with the company potentially guaranteeing up to $125 billion.
Nvidia Unveils $500B Financing Strategy to Ease AI Infrastructure Costs
Nvidia (NVDA) announced a $500B financing initiative with six partners to help customers afford AI infrastructure. The plan could include up to $125B in support from Nvidia itself.
SEC Eases Data-Center Bond Rules, Shifting Focus to Project Readiness
The SEC ruled that certain data-center bonds aren't asset-backed securities, simplifying funding. With $130B in projects facing local opposition, investors focus on readiness.
Jersey Mike's IPO Falters as Trading Volume Dries Up Post-Debut
Jersey Mike's shares slipped below their IPO price on Friday as trading volume dropped 95% from the debut. The stock closed at $22.91, down 0.4% from the $23 offering price.
Blue Owl Stock Climbs on $380M Fee Pipeline Outlook
Blue Owl Capital (NYSE:OWL) gained 3.2% to $11.83 after the firm said undeployed assets could yield $380M in yearly management fees, potentially covering its dividend gap.
Blue Owl Capital Surges 8% as Real Assets Drive Q2 Fundraising
Blue Owl Capital (OWL) rose 8% after Q2 fundraising got a boost from real assets, which captured 59% of equity inflows. The firm sees potential $380M in annual fees from undeployed capital.
Jersey Mike's Recovers to $23 as Debt Concerns Loom
Jersey Mike's (NYSE:JMKE) shares recovered to $23 on Friday, erasing its debut decline, yet elevated debt and slowing same-store sales growth continue to pose challenges.
Jersey Mike's IPO Stumbles: Shares Drop Below Offer Price
Jersey Mike's (JMKE) fell 5.96% on its NYSE debut, erasing $435M in market value—more than its IPO proceeds. The stock closed at $21.63.
HSBC's $36B Australian Exit Boosts Pepper Money's Servicing Scale
HSBC's A$36 billion Australian loan sale to Blackstone makes Pepper Money a major servicer, with a portfolio 1.59 times its March AUM.
Jersey Mike's IPO Raises $1B, Majority Goes to Selling Shareholders
Jersey Mike's (JMKE) IPO priced at $23 per share, raising $1 billion. Existing holders receive 68% of proceeds, while the company uses nearly all net cash to pay down debt.
Jersey Mike's IPO Priced at $21-$25, Majority Proceeds to Shareholders
Jersey Mike's targets $21-$25 per share in its IPO, with existing shareholders selling 68.3% of the offering. The company plans to use net proceeds of $301 million for debt reduction.
Blackstone Q2 Earnings Beat on AI-Driven Real Estate Gains
Blackstone's Q2 distributable earnings surged 26% to $1.98B, topping forecasts, fueled by AI-related asset sales in real estate, while private credit faced headwinds.
Blackstone Earnings Beat Expectations as Recurring Fee Revenue Surges
Blackstone beat Q2 earnings estimates with distributable earnings of $1.52 per share. Recurring performance fees fueled revenue growth, but shares slipped.
Wall Street Futures Dip as AI Costs and Oil Surge Weigh on Sentiment
US futures slipped about 0.4-0.5% as rising AI capex from Alphabet and Tesla, coupled with a surge in oil prices due to Middle East attacks, dampened investor sentiment.
Catalyst Pharmaceuticals Delisted After Angelini Merger Closes
Catalyst Pharmaceuticals was delisted from Nasdaq after Angelini Pharma completed its $4.1 billion acquisition. The stock closed at $31.49, just one cent below the $31.50 cash payout.
Jersey Mike's IPO Primarily Benefits Existing Shareholders, Debt Reduction Minimal
Jersey Mike's upcoming IPO sees 68.3% of shares sold by existing holders, with net proceeds of ~$301M reducing debt by only 14.3%. Blackstone retains voting control.
Williams Secures $5.34B Power Deal to Ease Funding Strain, Premium Valuation Persists
Williams (NYSE:WMB) has signed a $5.34 billion power contract with a Blackstone-led consortium, easing funding pressure but leaving its stock trading at a premium multiple.
Tech Selloff Drags US Futures Lower; South Korea's KOSPI Plunges 10%
US stock futures fell sharply Tuesday as a tech selloff erased optimism over US-Iran talks. South Korea's KOSPI plunged nearly 10% on regulatory ETF warnings.
Blackstone-Led Lenders Take Over Medallia, Wiping Out Thoma Bravo's $5 Billion Equity
Lenders led by Blackstone, Apollo, and FS KKR Capital have taken control of Medallia from Thoma Bravo, wiping out the buyout firm's $5 billion equity stake. The restructuring includes $150 million in new capital.
Jersey Mike's Dethrones Chick-fil-A in Customer Satisfaction Rankings
Jersey Mike's Subs scored 84 in the 2026 ACSI restaurant study, edging out Chick-fil-A's 83 and ending its 11-year streak as the top-ranked U.S. quick-service chain.
Semiliquid Funds Surge Past $600B as Private Credit Demand Wanes
Semiliquid fund assets topped $600 billion by March 2026, more than doubling since 2022, even as private credit demand slows and capital flows shift toward private equity and venture capital.
Broadcom Stock Dips 4% Despite $35B AI Deal with Apollo, Blackstone
Broadcom shares slid 4% despite a $35B AI infrastructure deal with Apollo and Blackstone, as investors weigh softer AI chip guidance and valuation risks.
Blue Owl Capital Shares Surge as Private Credit Worries Ease
Blue Owl shares surged 5.5% to $10.225 as private-credit asset managers rebounded after Blackstone's withdrawal cap eased redemption fears. The sector remains under watch.
Broadcom Plunge 13% After Hours Sparks Tech Selloff, Dow Drops 621 Points
Broadcom slid 13.7% after hours after missing Q2 revenue estimates and keeping AI-chip sales forecast unchanged, triggering a broader market decline with the Dow falling 621 points.
Broadcom hits record high on $36B Anthropic AI chip deal
Broadcom shares surged to a record high of $448.44 on Friday following news of a $36 billion debt deal for Anthropic's AI chips, before settling at $434.48.
Blackstone's $80B Private Credit Fund Faces Redemption Surge
Blackstone's $80 billion private credit fund, BCRED, is offering to repurchase up to 93.1 million shares as Q1 inflows fell and repurchase requests rose, testing investor demand.