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☆ I'm a product manager who interned at Apple, Google, and Microsoft. Now I'm opening up a candy store.
▼ + stars: | 2024-08-31 | by ( Jaures Yip | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Elly Ross, a head of product at an e-commerce company who is starting her own candy shop, "lil sweet treat." I was going on a walk to lunch one day and I passed by the unit that is now "lil sweet treat" — and I immediately knew that this was the spot for the candy shop. Product management skills in the candy shop worldA lot of the skills that I cultivated as a PM have been so helpful in building "lil sweet treat." When you buy this large amount of candy, you have to transfer that candy from one of the candy store bags into another vessel at home. Every time that your shopper reaches for a sweet treat, they see the "lil sweet treat" branding associate that sweet treat with "lil sweet treat."

Persons: —, Elly Ross, It's, I've, it's, we've, they're, I'm Organizations: Service, Business, Google, Blackstone Group, Apple, Microsoft, Big Tech Locations: Swedish, New York, Germany, New York City

NFL owners voted Tuesday to allow private equity firms to take a maximum 10% stake in teams. The league has never allowed private equity investment before. No other league takes a percentage of the so-called carry — the percentage of a fund's investment profits that managers typically receive as compensation — for all private equity firms. The NFL has informally told investment firms that if they make a return on an investment, it wants a portion of the profits to be returned to the league. It was unclear if the NFL's plans to take a piece of profits would deter future investment from private equity.

Persons: Brock Purdy, Robert Kraft, CNBC's, Curtis Martin, Jake Piazza Organizations: San Francisco 49ers, Kansas City Chiefs, Super, National Football League, NFL, Major League Baseball, National Basketball Association, National Hockey League, New England Patriots, Ares Management, Sixth Street Partners, Arctos Partners, Dynasty Equity, Blackstone, Carlyle Group, Capital Partners Locations: Allegiant, Las Vegas

☆ Blackstone President Jon Gray on the economy, Fed's rate path outlook and data centers
▼ + stars: | 2024-08-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackstone President Jon Gray on the economy, Fed's rate path outlook and data centersBlackstone President and COO Jon Gray joins 'Squawk on the Street' to discuss the state of the economy, the Fed's rate path outlook, M&A outlook, data centers, state of commercial real estate, impact of the 2024 election, and more.

Persons: Jon Gray Organizations: Blackstone President

☆ It Was a Hot Real Estate Trade. Now Investors Are Worried.
▼ + stars: | 2024-08-12 | by ( Maureen Farrell | ) www.nytimes.com time to read: +1 min

Given the opportunity to park money with the world’s largest private equity firms, ordinary investors rushed in. The private equity firms began to seek out smaller investors almost a decade ago. It was a major shift for firms like Blackstone, Starwood Capital Group and KKR that had previously been funded by enormous pensions, endowments and sovereign wealth funds. But it was also a way for the big fund managers to grow their assets and rake in ever larger fees. The private equity firms had an allure, created by stellar track records, including during the 2008 financial crisis, and the fact that they had been off limits to ordinary (although wealthy) investors.

Persons: Wall Organizations: Blackstone, Starwood Capital Group, KKR

Aiming to unseat three-term Democratic incumbent Jon Tester, Sheehy is founder of Montana-based Bridger Aerospace, an aerial firefighting company. On July 1, Sheehy resigned as chief executive of Bridger to focus on his Senate campaign; the company is seeking a replacement. In mid-June, an editorial in The Wall Street Journal echoed Griffin’s view, branding Sheehy’s company Bridger a success. The PAC spent $5.3 million for Sheehy and $5.7 million against his opponent, Tester, records show. In 2022, Sheehy’s cash and stock compensation neared $5 million, and last year, he received $2.5 million, Bridger’s proxy says.

Persons: Donald Trump, Tim Sheehy, Jon Tester, Sheehy, “, Bridger, Tim, ” Katie Martin, Louise Johns, Ken Griffin, Griffin, Stephen Schwarzman, “ Tim Sheehy, ” Griffin, Marc Cohodes, Cohodes, Sheehy’s, ”, Scott Olson, Blackstone, Matthew Sheehy, Bridger’s, Blackstone Tim Sheehy, Blackstone’s, ” Jon Tester, Andrew Harnik, Schwarzman, haven’t, Farrah Saint, Surin, Matthew, Martin, Bridger ”, Montana . Don, Melinda Crawford, Todd Hirsch, Thomas A, Waldman, Yocca Carlson, I’ve Organizations: Navy, Republican, Montana, Bridger Aerospace, International, Interior Department, U.S . Forest Service, Agriculture Department, Bloomberg, Getty, Wall, Citadel LLC, PAC, Commission, The Blackstone, “ Bridger Aerospace, Blackstone, Small Business Administration, Republican National Convention, Trump, ”, Cattle Company, Tallgrass Energy, Blackstone Group, Bridger, Forest Service, Bridger Air Tanker LLC, Bridger Air Tanker, SBA, ” Companies, Federal, NBC News, Mountain Air LLC, Mountain Air, Air, Service, U.S ., “, Montana ., Rauth Locations: Bozeman , Montana, Bozeman, Mont, New York City, Bridger, America, Montana, Gallatin County, Milwaukee, Riding, disbursements, Surin, ” Saint, U.S, Los Angeles

☆ Nice guys finish first: 7 secrets to success at Blackstone, according to a campus recruiter, a former intern, and other firm insiders
▼ + stars: | 2024-08-08 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +14 min

This summer, Gray addressed Blackstone's summer interns about how they might advance at the firm, according to a recent LinkedIn post. AdvertisementBut how exactly does one go about being "nice" at Blackstone? Here's how to succeed at Blackstone, according to three executives, an ex-intern, and public comments made by top leaders including Gray and Schwarzman. "Steve Schwarzman always says it is just as easy to hire a smart, nice person as a smart, not nice person," Ross told BI. That's just not who we are as a firm," Ross said, adding, "We think investing's a team sport."

Persons: —, Jon Gray, Blackstone, Gray, Steve Schwarzman, that's, Morgan Stanley, Thomson, Schwarzman, Lehman, we'll, Paige Ross, Blackstone Paige Ross, niceness, Ross, That's, Marshall Plumlee, Plumlee, Marshall Plumlee dunking, Mark J, Terrill, Marshall, Jahlil, you've, it's, Peter Peterson, Jeenah, they're, They're, Taylor Kanfer, we're, Kanfer, Joe Zidle, Blackstone . Blackstone Zidle, Zidle Organizations: Service, Business, Blackstone, Blackstone —, Lehman Brothers, Thomson Reuters, Duke University's, NBA, New York Knicks, Milwaukee Bucks, Associated Press, Duke, 75th Ranger Regiment, Army, LinkedIn, Veterans Network, Blackstone . Locations: Blackstone, New York, Manhattan, Afghanistan

☆ Boeing's new CEO already seems to have given a major indication of where his priorities lie
▼ + stars: | 2024-08-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Read previewBoeing's incoming CEO, Kelly Ortberg, is already signaling his intent to get the planemaker back on track. Later that month, The Seattle Times reported that Boeing's board shut down a shareholder's bid to move its headquarters back to Seattle. Outgoing CEO Dave Calhoun last year faced criticism from employees after commuting to Boeing's HQ by private jet, The Wall Street Journal reported. Airline bosses like Emirates' Tim Clark had called on Boeing to appoint a new CEO with an engineering background. Boeing's incoming CEO, Kelly Ortberg, is an aerospace veteran.

Persons: —, Kelly Ortberg, Ortberg, It's, Rockwell Collins, Max, Lindsey Wasson, Maria Cantwell, Dave Calhoun, Calhoun, Tim Clark, we've, Nicolas Owens, Owens, Bob Clifford, preventively Organizations: Service, Seattle Times, Boeing, Reuters, Business, Alaska Airlines, Federal Aviation Administration, REUTERS, Commerce, Science, Transportation, Street Journal, Morningstar Locations: Seattle, Chicago, Virginia, Washington, South Carolina, Renton , Washington, Emirates, Blackstone

☆ OpenAI's releasing a new AI model soon, and there's a lot at stake
▼ + stars: | 2024-07-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, what to expect from OpenAI's newest AI model that's in the works. GPT-5, the newest model upgrade for OpenAI's chatbot, is coming soon . AdvertisementOpenAI has a lot riding on its newest model, including its ability to get customers to cough up more cash. That's not ideal for a company that's preparing to take on one of the biggest juggernauts in tech: Google's Search.

Persons: —, Z's, Let's, Nordin Catic, OpenAI, Darius Rafieyan, Darius, ChatGPT, Justin Sullivan, Chelsea Jia Feng, it's, Sam Altman, Ned Davis, David Solomon, Goldman Sachs, David Zalubowski, Chiang Ying, Mark Zuckerberg, Jensen Huang, Alexa von Tobel, Tyler Le, Mark Zuckerberg's, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Getty, OpenAI, Ned Davis Research, Blackstone, Harvard, Microsoft, Starbucks, Apple, Apple Intelligence, Fed, Meta, Boeing, Kraft Locations: undergrad, New York, China, London

☆ Want to work for Blackstone straight out of college? Here's the best route.
▼ + stars: | 2024-07-31 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +12 min

This year, Blackstone hosted more than 150 summer interns, including summer associates who tend to come from business or law school, as well as the undergrads who make up its summer analyst program. AdvertisementCheck out our exclusive deep dive into Blackstone's 10-week-long summer analyst program below. How competitive is Blackstone's summer analyst internship program? AdvertisementA group photo of Blackstone's summer analyst class during orientation. Gray recently addressed what leads to success at Blackstone in a speech to the 2024 summer analyst class, which was posted on Linkedin.

Persons: —, Blackstone, Jon Gray, Paige Ross, Blackstone's, Blackstone Blackstone, Taylor Kanfer, Kanfer, Mr Stone, Steve Schwarzman, they're, Ross, Goldman Sachs, There's, decamp, they'll, Gray, Kleiner Perkins, Chan Zuckerberg Organizations: Service, Harvard, Business, BI, University of Pennsylvania, Diverse, Blackstone, Investment, Linkedin, LinkedIn, Goldman, Barclays Locations: York, New York, Wayne , Pennsylvania, Miami, Asia, Africa

☆ Lightning Round: You should buy Lowe's right here, right now, says Jim Cramer
▼ + stars: | 2024-07-30 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: You should buy Lowe's right here, right now, says Jim CramerMad Money' host Jim Cramer weighs in on stock including: Borr Drilling, Blackstone, Dexcom, Edwards Lifesciences, Lowe's, Joby, and Marvell.

Persons: Jim Cramer Mad, Jim Cramer, Dexcom, Edwards Organizations: Blackstone, Marvell

☆ Cramer's Lightning Round: Lowe's is a buy
▼ + stars: | 2024-07-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Borr Drilling's year-to-date stock performance. Stock Chart Icon Stock chart icon Blackstone's year-to-date stock performance. Stock Chart Icon Stock chart icon Dexcom's year-to-date stock performance. Stock Chart Icon Stock chart icon Lowe's year-to-date stock performance. Stock Chart Icon Stock chart icon Joby Aviation's year-to-date stock performance.

Persons: Borr, Blackstone, Abbott, Edwards Lifesciences, Edwards, Joby, Marvell, Matt Murphy, Jim Cramer's Organizations: Borr, Boston Scientific, Joby, Marvell Technology, Marvell

☆ Gen X is in charge now and boomers are being shown the door
▼ + stars: | 2024-07-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Harris is 59 and was born October 20, 1964 — putting her just weeks outside the Gen X range which is generally thought to span 1965 to the early 1980s. His successor has not been confirmed, but one name being floated is his Gen X lieutenant Stephanie Pope. Could the House of Mouse soon have its first Gen X leader? The picture is not completely clear on how Gen X bosses differ from their predecessors on issues such as remote work and the role of AI in the workplace. AdvertisementIt won't be long, though, until Gen X has a majority grip over power.

Persons: —, Gen, Joe Biden's, Kamala Harris, Harris, Xer —, XCX, Joe Biden, Justin Sullivan, boomer Barack Obama, Donald Trump, Sen, JD Vance, Bush, Clinton, Biden, Obama, John McCain, Mitt Romney, HSBC's, Noel Quinn, Georges Elhedery, Xer, David Calhoun, Stephanie Pope, Dave Calhoun, Aaron Schwartz, Gen X, Ron Vachris, Craig Jelinek, Macy's, Tony Spring, Xers, Jamie Dimon, David Solomon, Goldman Sachs, Bob Iger, boomer Bob Chapek, Iger, Brendan McDermid, Tim Cook, Steve Jobs, Jensen Huang, Dimon, Jenn Piepszak, Troy Rohrbaugh, X'ers, JPMorgan Chase, Alex Brandon, Mouse, We'll Organizations: Service, Democratic Party, Business, Democratic, Trump, Boeing, Gen, Gen X Costco, Microsoft, Google, Walmart, Tesla, ExxonMobil, JPMorgan, Blackstone, septuagenarians, Disney, Apple Locations: BlackRock, Silicon Valley, America

☆ Blackstone's mortgage fund slashes dividend as slump in office puts it under pressure
▼ + stars: | 2024-07-24 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +3 min

Executives at Blackstone Mortgage Trust, or BXMT, have said that it was well-positioned to withstand stresses in the commercial real estate market brought on by the pandemic and sharply rising interest rates. Executives at Blackstone have also said that they see the real estate market bottoming. The fund's loan book is tied largely to strong segments of the commercial real estate market, including residential apartment buildings, industrial warehouses, and hotels. Executives have described its loan balances as conservative relative to the value of the real estate assets that serve as their collateral. AdvertisementBut BXMT has significant exposure to the office market, where value declines have been steep enough to dip below outstanding loan balances in some cases.

Persons: —, behemoth Blackstone, Katherine Keenan, Anthony Marone, Katie Keenan, BXMT, Keenan Organizations: Service, Blackstone Mortgage Trust, Business, Blackstone

AdvertisementSpeed and ease — that's how generative AI is changing the game for finance professionals. In a survey of 780 banking and capital-markets employees by Accenture Research, 62% of respondents expect generative AI to increase people's stress and burnout. "Employees with AI skills will replace people without AI skills," Andrew Chin, the chief AI officer at the $759 billion money manager AllianceBernstein, told BI. AdvertisementA data scientist at a midsize hedge fund told BI that generative AI models are a "superpower for coders." The firm's ultimate aim is to use generative AI to replicate the success of its best bankers for all advisors.

Persons: Christina Melas, Rowe Price's Sébastien, Eric Burl, Alyssa Powell, Thomas H, Lee, Keri Smith, Smith, Ken Griffin, They've, Goldman Sachs, Marco Argenti, Argenti, It's, I've, drudge, Andrew Chin, AllianceBernstein, Lisa Donahue, Donahue, Jobs, who's, He's, he'd, ChatGPT, Accenture's Smith Organizations: Bain Capital Ventures, Management, Business, Bain Capital, Man Group, Accenture Research, Finance, Wall Street, Blackstone, Sigma, Citadel, Milken Institute Global Conference, Excel, Accenture, Northern Trust, Citibank, Citi, JPMorgan Locations: New York City, New York

☆ ‘I was stripped of my dignity’: Bystander video shows the moment Terrell Davis was removed from plane
▼ + stars: | 2024-07-23 | by ( Maya Blackstone | ) edition.cnn.com time to read: 1 min

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☆ How the hedge fund superstar went extinct
▼ + stars: | 2024-07-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

But for now, we're examining how the hedge fund superstar has gone extinct . The big storySo long, superstarGetty Images; Alyssa Powell/BIWhere have all the hedge fund superstars gone? AdvertisementIn years past, even rubbing shoulders with a legendary hedge fund manager was enough for aspiring fund managers to raise capital. Meanwhile, the hedge fund industry has also evolved. Aaron Weiner, a 31-year-old from Coatue, got a multibillion-dollar check from Millennium for his to-be-launched hedge fund .

Persons: —, Kamala Harris, Harris, Alyssa Powell, Insider's Linette Lopez, Julian Robertson, Griffin's, Izzy Englander's, Goldman Sachs, Jared Siskin, Bobby Jain, it's, Aaron Weiner, Jonathan Xiong's, Maja Hitij, Carl Godfrey, Apple, Sam Altman's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Democratic, Democratic Party Convention, Business, Getty, Management, Goldman, Madison, Park Conservancy, Citadel, Credit Suisse, Jain, ExodusPoint, Investment Partners, Blackstone, Elon Musk's, Big Tech, Bank of America, BI Founders, Forge, Apple, Google, General Motors Locations: Venture, Wall, Park, Coatue, Miami, London, New York

☆ BTIG says S&P 500 will be stuck in a range, but thinks these stocks can outperform
▼ + stars: | 2024-07-23 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The S & P 500 may be due for a pullback, but some individual names could be relative outperformers, according to BTIG. Last week, the S & P 500 dropped nearly 2% in its worst week since April as investors rotated out of megacap tech leaders and into smaller names. Jonathan Krinsky, chief market technician at BTIG, said in a Monday note that those choppy moves could continue from here. If we look at the calendar right now, that makes the most sense to us with a huge week on the macro and micro front next week," Krinsky wrote. "We think a consolidation this week in the 5450-5600 range is likely before the next meaningful move occurs," he said.

Persons: Jonathan Krinsky, Krinsky, Blackstone, AppFolio Organizations: Apollo Global Management, Blackstone, Garmin, Health, Globus Locations: BTIG

☆ As the super-rich pile into alternatives, a top investment manager reveals how others can too
▼ + stars: | 2024-07-22 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Private market assets or alternative investments are those that do not fall into the conventional categories of stocks, bonds, commodities and cash. Prequin, which provides data on the alternative assets market, says it expects assets under management to hit $23.21 trillion by 2026 . Listed companies related to private markets He advised investors to consider listed companies in "the business of private markets management." These include the likes of KKR and Blackstone , which invest in a range of alternatives like real estate, credit and capital markets. Listed private market funds Another way to gain exposure to the alternatives space is through private market funds which are available in some countries.

Persons: —, Juan Delgado, Moreira, Hamilton Lane, Delgado Organizations: CNBC Pro, Nvidia, KKR, Blackstone, London Stock Exchange, Oxford Tech, Venture Capital Trust, Temasek, Asset Management Locations: U.S, Hamilton Lane, Singapore

☆ Alphabet earnings and 3 more things we're watching in the stock market next week
▼ + stars: | 2024-07-20 | by ( Zev Fima | ) www.cnbc.com time to read: +12 min

But in general, this is the kind of development we've hoped to see ever since Starbucks' massive earnings miss April 30. We'll take the nearly 7% pop in shares Friday and hope it's only the beginning of recovery for the beaten-up stock. Fed's fave inflation measure : The personal spending and income report will be the most closely watched economic report next week. Earnings : As the second-quarter earnings season picks up pace, we'll hear from five Club holdings next week including Google parent Alphabet . Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Russell, Donald Trump, — Trump, Jim Cramer, Trump, Donald Trump's, Taiwan's TSMC, Joe Biden's, Biden, Biden's, he's, Elliott, we've, We'll, it's, we'll, Sartorius, Ford, Jim Farley, We're, Honeywell management's, —, Zions, BOK, Brown, BRO, Lockheed Martin, Philip Morris, Clark, Lamb, Edwards Lifesciences, DOV, Dr Pepper, CARR, Baker Hughes, Booz Allen Hamilton, Jim Cramer's, Jim Organizations: Federal Reserve, Nasdaq, Dow, Republican National Convention, GOP, Bloomberg Businessweek, Trump, Elliott Management, Starbucks, Street Journal, Technology, General Motors, Honeywell, Dover, Products Company, Verizon, Truist, SAP, Semiconductors, Crown Holdings, Cadence Design Systems, Medpace Holdings, AGNC Investment, Logitech International S.A, KKR Real Estate Finance Trust, Berkley Corp, Spotify Technology S.A, United Parcel Service, GE Aerospace, GE, Cola Company, Lockheed, Comcast, Polaris Industries, Philip Morris International, Company, HCA Healthcare, Moody's Corporation, Enphase Energy, Texas Instruments Incorporated, Chubb Corporation, Seagate Technology plc, Maine, Packaging Corporation of America, Weatherford International plc, Canadian National Railway Company, FTAI Aviation Ltd, Mattel, Vertiv Holdings Co, Lamb Weston Holdings, NextEra Energy, Tenet Healthcare, Fisher, GE Vernova, Boston Scientific Corporation, General Dynamics, Lennox International, Software Technologies, CME Group, Fortive Corporation, Co, Roper Technologies, Teck Resources Limited, Blackstone Mortgage Trust, Economico Mexicano S.A, Dominion Freight, Otis Worldwide Corporation, OTIS, Ford Motor Company, Grill, Business Machines, IBM, Viking Therapeutics, Las Vegas Sands Corp, Newmont, Whirlpool, Globe, WM, O'Reilly Automotive, Annaly Capital Management, Honeywell International, American Airlines Group, Hasbro, Southwest Airlines Co, New York Community Bancorp, RTX Corporation, AstraZeneca, Carrier Global Corporation, Integer Holdings Corporation, Valero Energy, Texas, Juniper Networks, Boston Beer Company, Physicians Realty Trust, Allison Transmission Holdings, Corp, Columbia Banking, Digital Realty Trust, Edison International, Myers Squibb, Charter Communications, 3M Company, Booz, Centene Corporation, AON, Barnes, Colgate, Palmolive, Jim Cramer's Charitable, CNBC, U.S Locations: U.S, Taiwan, FactSet, China, Dover, Cleveland, Alexandria, ZION, W.R, Freeport, Kimberly, Cal, Teck, Las, ORLY, New, Banc, Bristol, Milwaukee , Wisconsin

☆ Watch: Stranded passengers sleep on floor at LAX
▼ + stars: | 2024-07-19 | by ( Maya Blackstone | ) edition.cnn.com time to read: 1 min

☆ Trade Tracker: Jason Snipe buys more Blackstone & sells Marriott
▼ + stars: | 2024-07-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Jason Snipe buys more Blackstone & sells MarriottJason Snipe, founder and CIO of Odyssey Capital Advisors, joins CNBC’s “Halftime Report” to detail his latest trades.

Persons: Jason Snipe, Snipe Organizations: Blackstone, Marriott, Odyssey Capital Advisors

☆ President Biden's reelection campaign is on its last legs as Democrats' fears extend beyond losing just the White House
▼ + stars: | 2024-07-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Biden's comeback plan isn't working , and Democratic leaders are ready to move on . President Joe Biden's reelection campaign appears to be on its last legs as calls within his party have grown from whispers to shouts since his disastrous debate last month. AdvertisementBut perhaps the biggest blow to Biden's reelection campaign came with the news that his former running mate has doubts. But for some Democrats, the risk of Biden continuing his reelection campaign could extend from the White House to Capitol Hill. Still, despite mounting pressure, Biden's campaign has remained steadfast about his reelection bid.

Persons: —, Biden's, Mario Tama, Tyler Le, Joe Biden's, it's, Insider's Brent D, Griffiths, Sen, Bernie Sanders, Biden, doesn't, That's, BI's Bryan Metzger, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi, Sarah Gray, Kelsey Vlamis, Barack Obama, Kent Nishimura, don't, Schumer, Jeffries, Adam Schiff, Quentin Fulks, Cros, Steve Schwarzman, it'll, Michael M, Jensen, Goldman Sachs, Peter Naylor, Amy Reinhard, Jamie Dimon's, cushy, Ernst & Young, Joe Biden, Kamala Harris, It's, Harris, Harvey Weinstein, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, American Airlines, United Airlines, Democratic, Business, Getty, Trump, Biden, Capitol, Case, Senate, Wall, Google, Bank of America, Blackstone, Nvidia, Netflix, EV, Mercedes, Benz, Warner Bros Discovery, Warner Bros, Discovery, WarnerMedia, Investors, JPMorgan, McKinsey, Ernst, American Express, Convention Locations: Crowdstrike, Biden's, AFP, New York, London

☆ Watch CNBC's full interview with Blackstone President and COO Jon Gray
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Blackstone President and COO Jon GrayBlackstone president and COO Jon Gray joins 'Squawk Box' to discuss the company's quarterly earnings results, the real estate market, state of the economy, the Fed's interest rate outlook, 2nd half outlook, state of BREIT, and more.

Persons: Jon Gray Blackstone, Jon Gray Organizations: Blackstone Locations: BREIT

☆ Blackstone President Jon Gray on Q2 results: See a bunch of positive forward indicators
▼ + stars: | 2024-07-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackstone President Jon Gray on Q2 results: See a bunch of positive forward indicatorsBlackstone president and COO Jon Gray joins 'Squawk Box' to discuss the company's quarterly earnings results, the real estate market, state of the economy, the Fed's interest rate outlook, 2nd half outlook, state of BREIT, and more.

Persons: Jon Gray Organizations: Blackstone Locations: BREIT

☆ Blackstone is doubling down on its efforts to woo the wealthy with 2 new funds, flying in the face of BREIT critics
▼ + stars: | 2024-07-18 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

AdvertisementBCRED, the firm's first credit fund for individual investors, raised $3.4 billion in this quarter, more than the $1.4 billion raised by BXPE and the $990 million raised by BREIT. AdvertisementSchwarzman combined his analysis of BREIT's success with a rosier picture of the larger macro environment in real estate. Since calling the bottom of the real estate market at the beginning of the year, Blackstone's confidence that inflation is receding has continued to increase, leading to more deployment of capital into real estate. It's also providing more possibilities to exit and realize returns on its real estate assets. The firm, which is deploying nearly $15 billion into real estate this year, according to Gray, sees sunny days ahead.

Persons: —, Steve Schwarzman, Jon Gray, Gray, Blackstone, prorated redemptions, we've, BXPE, prorating, Schwarzman, BREIT, REITs, It's Organizations: Service, Business, Blackstone Infrastructure Partners

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