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The Latest Breaking News from Blackstone

One of the world's richest men knows why Silicon Valley Bank really failed: 'People on iPhones'

Stephen Schwartzman, worth $42 billion and at the head of a firm managing almost $1 trillion, says social media is what doomed the bank.

Fortune

Why on earth wasn’t Silicon Valley Bank bailed out by the US government?

While there is little sympathy for banks or the Silicon Valley crowd, surely the US government could have tried saving the bank rather than shutting it overnight.

Crikey

Who will bid for SVB?

The FDIC is still trying to sell the bank, which is having trouble finding a buyer.

Fortune

From analysis to the latest developments in health,
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UC calls controversial $4 billion Blackstone investment a 'capitalistic' win for retirees

University of California investment officials said Thursday that their controversial decision to invest $4 billion in private equity giant Blackstone was a "capitalistic decision" to maximize returns for UC retirees and rebuffed criticism that it was worsening the student housing crisis.

Los Angeles Times

New Carlyle Group CEO Harvey Schwartz hates office politics, has a black belt in karate, and his pay package is inextricably linked to one metric

Schwartz honed his skills at Goldman and is taking over one of the most powerful and closely watched jobs on Wall Street.

Fortune

US pension funds are on the brink of implosion – and Wall Street is ignoring it

Private equity firms managing millions of Americans’ retirement savings may be inflating their investments

The Guardian - US

Warren Buffett's Berkshire Hathaway Leads Morningstar Financial Stock List

Big conglomerate has several factors in its favor for investors considering financial services stocks, analyst says.

The Street

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Justin Bieber sells rights to his music in deal worth $200m

Singer, 28, sells rights to 291 songs he has released, or had interest in, up until end of 2021

The Guardian - UK

Justin Bieber sells music rights for $200 mn

New York (AFP) - Pop juggernaut Justin Bieber has sold his music publishing and recording catalog shares to the Blackstone-backed Hipgnosis Songs Capital for $200 million, the company said Tuesday -- marking the industry's latest blockbuster rights deal.

AFP

Despite reform push, Labor is still married to the gambling industry

Much-needed reform to Australia’s gambling industry saw positive signs in 2022, yet Labor still has its fingers in the cookie jar.

Crikey

Musk Will Right the Ship at Twitter in 2023: Blackstone Strategist Wien

Blackstone's Byron Wien releases his 38th annual list of the top surprises for the year just begun.

The Street

Blackstone Tumbled in 2022; Here's Outlook for 2023

Blackstone shares have slid 36% year to date, way outdoing the 16% slide for the S&P 500.

The Street

Justin Bieber reportedly close to selling music rights for $200M

Bieber could be joining musicians like Bob Dylan and Bruce Springsteen by selling his music rights for hundreds of millions of dollars.

Fortune

Intensified housing market correction has homebuilders offering sweetheart deals to Wall Street

Homebuilders have clearly turned to their housing downturn playbook. Only there's a new wrinkle: Institutional investors.

Fortune

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The Street

Microsoft Stock Higher After Taking 4% Stake In London Stock Exchange Group

"We believe our partnership with Microsoft will transform the way our customers discover, analyze, and trade securities around the world," said LSE Group CEO David Schwimmer.

The Guardian - US

The biggest losers in the US midterm elections? Republican mega-donors

Donors like Peter Thiel poured millions into candidates that no amount of money could sell to voters while Mehmet Oz self-funded a failed run

Tribune News Service

Billionaire Republican donor Schwarzman says he will back ‘new generation’ over Trump

WASHINGTON — Blackstone Inc. Chief Executive Officer and Republican megadonor Stephen Schwarzman won’t be backing former President Donald Trump’s bid for a return to the White House, saying it is time for the party to move on.

Benzinga

Blackstone Unusual Options Activity For November 11

Someone with a lot of money to spend has taken a bullish stance on Blackstone (NYSE:BX). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

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Benzinga

M&A Activity Plunges In Echo Of Great Recession: Here's What Apollo Global Management Just Said About Its Latest Deal

The merger and acquisition market has slowed dramatically in recent months as market volatility and persistently high inflation has prompted dealmakers to take a more conservative approach to M&A.

The Street

PTC Therapeutics Grabs Up to $1 Billion, but There's a Catch

The drug developer's financing deal with Blackstone has several strings attached.

Benzinga

Invitation Homes: Some Headwinds Remain But Still Quite Inviting

Invitation Homes Inc. (NYSE: INVH) is a Dallas-based residential real estate investment trust (REIT) that buys large numbers of higher-quality, single-family homes and then leases or leases-to-purchase them to higher-income tenants.

Investors Business Daily

Auctions After Bankruptcies Shape Massive Crypto Shake Out: Binance Wins Bid For Voyager

Voyager's 1.7 million users have been waiting to see how to recoup crypto losses. The Binance deal may be the light at the end of the tunnel.

Benzinga

Blackstone Whale Trades For October 18

A whale with a lot of money to spend has taken a noticeably bearish stance on Blackstone. Looking at options history for Blackstone (NYSE:BX) we detected 10 strange trades.

Benzinga

Blackstone Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bearish stance on Blackstone. Looking at options history for Blackstone (NYSE:BX) we detected 13 strange trades.

Benzinga

Blackstone Whale Trades For October 10

A whale with a lot of money to spend has taken a noticeably bullish stance on Blackstone. Looking at options history for Blackstone (NYSE:BX) we detected 18 strange trades.

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