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☆ Dollar on guard ahead of inflation data, euro digests Germany's data
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: +3 min

The dollar edged up on Monday after a mixed U.S. jobs report on Friday sent the U.S. currency to a one-week low, with market focus turning to inflation data from the world's two largest economies due this week. U.S. inflation data is due on Thursday, where expectations are for core inflation to have risen 4.7% on an annual basis in July. Against the dollar, the euro fell 0.4% to $1.0966, marching towards a one-month low. The Chinese yuan hovered near a two-week low, with its offshore counterpart last 0.2% lower at 7.2034 per dollar. The yen fell 0.4% to 142.28 per dollar after hitting a one-week high of 141.52 per dollar in Asia trade.

Persons: Chris Weston, Weston, Jane Foley Organizations: U.S, ECB, European Central Bank, Rabobank, Bank, Japan, Bank of England, bps Locations: U.S, Germany, China, Asia

☆ Dollar tentative as US inflation data looms
▼ + stars: | 2023-08-07 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

REUTERS/Rick Wilking/File PhotoSINGAPORE, Aug 7 (Reuters) - The dollar was on the back foot on Monday after a mixed U.S. jobs report provided little directional conviction and as market focus turned to inflation data from the world's two largest economies due this week. The U.S. economy added fewer jobs than expected in July, data on Friday showed, but it recorded solid wage gains and a decline in the unemployment rate. "There was a narrative in there for everyone, depending on your bias," said Pepperstone's Head of Research Chris Weston of the jobs report. U.S. inflation data is due on Thursday, where expectations are for core inflation to have risen 4.7% on an annual basis in July. Elsewhere, the Australian dollar edged 0.1% higher to $0.6577, while the New Zealand dollar gained 0.18% to $0.6109.

Persons: Rick Wilking, Chris Weston, Weston, Rae Wee, Jacqueline Wong Organizations: REUTERS, U.S, Sterling, New Zealand, Bank, Japan, Thomson Locations: Westminster , Colorado, SINGAPORE, U.S, Friday's, China, Asia

☆ Fitch downgrade of long-term U.S. debt completely justified, Blackstone's Schwarzman says
▼ + stars: | 2023-08-04 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Blackstone CEO Stephen Schwarzman said Fitch Ratings had ample reason to downgrade long-term U.S. debt. The downgrade from Fitch was the first since Standard and Poor made a similar move in 2011. Schwarzman agreed with the reasoning behind the Fitch downgrade. Schwarzman added that the U.S. remains the supplier of the world's reserve currency, which should provide some confidence to investors who might otherwise view the downgrade with concern. "The U.S. is the U.S. — we are the reserve currency, [and] we do defend a large part of the world, including people who have AAA's," Schwarzman said.

Persons: Stephen Schwarzman, Fitch, Schwarzman, CNBC's, We've Organizations: Blackstone, AAA Locations: U.S

☆ 'We are being poisoned': Black residents living in Louisiana's 'Cancer Alley' say the state is guilty of 'genocide' and environmental racism
▼ + stars: | 2023-08-03 | by ( Trisha Gopal | ) www.businessinsider.com time to read: +13 min

Black residents living in the area have a disproportionate lifetime cancer risk. The complaint alleged that the Louisiana Department of Environmental Quality discriminated against Black residents by issuing permits that authorized new industrial facilities. Last year, the EPA announced a critical civil-rights investigation into Louisiana, looking into whether the state had violated the rights of Black residents in Cancer Alley. Smoke billows from a chemical plant in the area along 'Cancer Alley', October 12, 2013. "Once we came up with Cancer Alley, industry hated it, and they've been trying to prove that it's not a reality," he said.

Persons: Sharon Lavigne, James, Lavigne, " Lavigne, Andrew Lichtenstein, Michael Regan, Regan, Matthew, Giles Clarke, Deena Tumeh, Earthjustice, Darryl Malek, Wiley, they've, Kimberly Terrell, Terrell, I'm, James Parish, Pamela Spees, Spees, Malek, " Malek, I've Organizations: EPA, Service, Cancer, Getty, Civil, Inclusive, Brigade, Louisiana Department of Environmental, Center for Public Integrity, Environmental, Sierra Club, Atomic Workers Union, Tulane Environmental Law Clinic, Louisiana Tumor, Shell Oil Co, Cancer Alley, Formosa Plastics, Center for Constitutional Rights, Mount Triumph Baptist Church, Local Locations: Louisiana, St, James Parish, Baton Rouge and New Orleans, Inclusive Louisiana, Black, Cancer Alley, Baton Rouge, Cancer, Formosa

☆ Carlyle reports lower than expected 26% slump in Q2 earnings
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Issei Kato/File photoNEW YORK, Aug 2 (Reuters) - Private equity firm Carlyle Group Inc (CG.O) reported on Wednesday that its second quarter distributable earnings fell 26% year-on-year due to a slump in asset sales, although the result still exceeded analyst expectations. Distributable earnings, which represents the cash used to pay dividends to shareholders, fell to $388.8 million from $528.8 million a year earlier. That translated to after-tax distributable earnings per share of 88 cents, which surpassed the average estimate of 67 cents, according to Refinitiv data. Carlyle's corporate private equity and real estate funds gained 1% during the quarter, while its credit funds appreciated by 2%. By contrast, Blackstone's corporate private equity funds appreciated by 3.5% and its private credit funds rose 3.3%, while opportunistic real estate funds were flat.

Persons: Carlyle, Issei Kato, Chibuike Oguh, Jamie Freed Organizations: REUTERS, Carlyle Group Inc, Blackstone Inc, Thomson Locations: Tokyo, Japan, New York

☆ Getting an entry-level job at Blackstone is harder than getting into Harvard, says Steve Schwarzman. Here's how to ace an interview and land a job there.
▼ + stars: | 2023-07-21 | by ( Casey Sullivan | Reed Alexander | ) www.businessinsider.com time to read: +2 min

Getting a job at private equity giant Blackstone is getting more competitive. In 2020, Insider spoke with president Jon Gray to learn how to stand out and land a job Blackstone. The billionaire that built Blackstone doubts he'd land a job at the private equity titan today. "Getting an entry-level job at Blackstone is 12 times harder than getting into Harvard. So how exactly do applicants dead-set on working for the firm land one of its highly-prized entry-level gigs?

Persons: Jon Gray, Blackstone, Stephen Schwarzman, That's, I'd, Schwarzman, —, Gray, Blackstone's cofounders, Pete Peterson, couldn't, Here's Organizations: Blackstone, Morning, Wall Street, Harvard, University of Pennsylvania, Wall Locations: New York, Chicago

☆ Meet your new neighbor: A data center powering the AI boom
▼ + stars: | 2023-07-21 | by ( Matt Turner | ) www.businessinsider.com time to read: +3 min

The growth could put data centers in competition with local populations for space and resources. As my colleague Dan Geiger reports today in an excellent story on a data center development boom, the AI explosion has triggered a surge in investment in these warehouse-like complexes. For example, DataBank, a data center provider backed by investment firm DigitalBridge, is putting smaller data centers in the suburbs of "tier two and tier three cities," CEO Marc Ganzi told my colleague Ellen Thomas. Unlike e-commerce warehouses, these data centers don't add a bunch of traffic to the roads, and they're pretty quiet. As a result of limited generation capacity in places like Arizona and northern Virginia, these data centers are popping up anywhere where the local utilities can support them.

Persons: tony, Dan Geiger, Jonathan Gray, Blackstone, Marc Ganzi, Ellen Thomas Organizations: Morning, APS Locations: Ohio, Georgia, Virginia, Loudoun Meadows, Aldie , Virginia, Texas, Nevada, Utah, Phoenix, Atlanta, Reno, Arizona, Southwest

☆ Across rural America, data center development booms as investors race to cater to artificial intelligence
▼ + stars: | 2023-07-21 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +10 min

Data center development is booming and AI is expected to stoke already growing demand. Demand is sapping power grids in major markets and pushing data center development across the US. The project's neighbors include Google, Meta, Microsoft, and Amazon – all of whom have similar plans, or are already underway with major data center projects. The message came after a torrid period of growth by the data center industry in that region. Wes Swenson, Nova's CEO, said the Reno region was becoming increasingly popular for data center development because of its access to power.

Persons: Matt McCollister, Martin Peck, Lincoln Rackhouse, Peck, Blackstone, Jonathan Gray, Drew Angerer, Bard, Gray, Pat Lynch, Robbie Sovie, Sovie, Georgia Power, Skybox, Rob Morris, Morris, George Frey, Novva, Wes Swenson, Nova's, Swenson, CBRE, Lynch Organizations: stoke, Lincoln Property Company, Harrison Street, Google, Meta, Microsoft, Amazon, Lincoln, Carrier, QTS, Dominion Energy, Dominion, Washington DC, APS, QuadReal, Georgia, Reuters, Data Centers, CIM Group Locations: Ohio, New Albany, Columbus, Northern Virginia, Dallas, Phoenix, Silicon Valley, Chicago, Virginia, Loudoun County, Washington, Arizona, Southwest, Lithia Springs , Georgia, Atlanta, Vancouver, Hutto , Texas, Austin, Eagle Mountain , Utah, Reno , Nevada, Storey County, Reno, Silicon, Salt Lake City, West Jordan , Utah, CBRE

NEW YORK, July 20 (Reuters) - Blackstone Inc (BX.N) said on Thursday its second-quarter distributable earnings slumped nearly 40%, owing to a sharp drop in asset sales mostly from its real estate and credit businesses. Distributable earnings, which represent cash used to pay dividends to shareholders, fell to $1.2 billion from nearly $2 billion a year earlier. A major share of the reduced asset disposals came from Blackstone's real estate unit, where its net profit sank 94%, while that of its credit division dropped 46%. Its private credit funds gained 3.3% while hedge fund assets grew 1.9%. Opportunistic real estate funds were flat.

Persons: Blackstone, Chibuike Oguh, Sherry Jacob, Phillips Organizations: YORK, Blackstone Inc, London Stock Exchange, Gates Industrial Corporation, Thomson Locations: New York

☆ Wingstop says its UK target market is Gen Zers who like boxing and 'Love Island.' Here's how the chicken brand is using TikTok, rappers, and customization to pull in younger diners.
▼ + stars: | 2023-07-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Wingstop UK is using TikTok, social-media influencers, and rappers to attract Gen Z diners. Wingstop UK has collaborated with brands including including Xbox, Gymshark, and Tinder. Grogan said that Wingstop UK did engage in some paid partnerships, but focused on "curating authentic experiences." Lemon Pepper opened the first Wingstop UK restaurant near London's bustling Leicester Square in 2018. Lemon Pepper HoldingsIn 2022, the chain sold more than 17.5 million wings, Lemon Pepper says.

Persons: It's, –, Zers, Tom Grogan, cofounders, Lemon Pepper, TikTok, Yung, Michael Dapaah, Lady Leisha, M, Cat Burns, Grogan, Wingstop, – Grogan, Herman Sahota, Saul Lewin –, Rick Ross, Saul Lewin, Lemon, We're, Gen, it's Organizations: Wingstop, Service, Wingstop's, Sports, Lemon Pepper Holdings, Xbox, JD Sports, Yung Filly, YouTube, KFC, Leicester Square, Hickory, Wings, Lemon Pepper, Sunday Times Locations: Wall, Silicon, Covent, Leicester, Manchester, Liverpool, Glasgow

☆ The Murdochs are starting to lose faith in Ron DeSantis' chances of crushing Trump: 'They are transactional and can smell a loser a mile away'
▼ + stars: | 2023-07-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

The Murdochs are starting to lose faith in DeSantis' chances of beating Trump, per Rolling Stone. "They are transactional and can smell a loser a mile away," a source from Fox told Rolling Stone. Ron DeSantis' chances of beating former President Donald Trump, Rolling Stone reported on Tuesday, citing sources familiar with the situation. A source from Fox told Rolling Stone that both the Murdochs and Fox News' top executives don't think DeSantis' prospects of clinching the Republican nomination are great. A senior Fox source told Rolling Stone that Rupert Murdoch's "understandable worry is that we may end up stuck with Trump anyway."

Persons: DeSantis, Rolling, Rupert Murdoch, Ron DeSantis, Donald Trump, Rolling Stone, Stone, Rupert Murdoch's, he's, Doug Heye, Ron DeSanctimonious Organizations: Trump, Fox, Service, Florida Gov, Rolling, Fox News, Republican National Committee, Stone, Twitter, Gov, Republican Locations: Wall, Silicon, Florida

☆ Australia court approves $300m money laundering fine for Blackstone's Crown Resorts
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, July 11 (Reuters) - An Australian court signed off on a A$450 million ($300 million) fine for Blackstone-owned (BX.N) casino operator Crown Resorts for breaking anti-money laundering laws, ending the darkest chapter in the company's history. read moreBut the fine needed the sign-off of the federal court, which approved the penalty, Australia's third-largest corporate fine, on Tuesday. Crown, which was bought by Blackstone after the events at the centre of the scandal took place, said in a statement that the court approval brings an end to the historical anti-money laundering and counter-terrorism financing "failures at Crown". The fine takes Crown's total penalties to A$680 million since it was rocked by accusations of ignoring organised crime and employee safety in hearings since 2020. ($1 = 1.4959 Australian dollars)Reporting by Byron Kaye Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: James Packer, Michael Lee, Lee, Blackstone, Byron Kaye, Shri Navaratnam Organizations: SYDNEY, Blackstone, Crown Resorts, Crown, Thomson

☆ Blackstone's Nadeem Meghji: Can't paint CRE space with a broad brush due to big bifurcation
▼ + stars: | 2023-06-29 | 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's Nadeem Meghji: Can't paint CRE space with a broad brush due to big bifurcationNadeem Meghji, Blackstone's head of real estate for the Americas, joins 'Squawk on the Street' to discuss the current commercial real estate space, whether in-office challenges have made them reconsider their exposure, and more.

Persons: Blackstone's Nadeem Meghji, Meghji

☆ Northern Gritstone's O'Neill: Years after Brexit, it looks like we haven't a clue about anything
▼ + stars: | 2023-06-22 | 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 EmailNorthern Gritstone's O'Neill: Years after Brexit, it looks like we haven't a clue about anythingJim O'Neill, former Goldman Sachs Asset Management chairman and chief economist and Northern Gritstone chairman, joins 'Squawk on the Street' to discuss why the Bank of England hiked borrowing rates by more than expected, the Fed's fight to tame inflation, and more.

Persons: Gritstone's O'Neill, Jim O'Neill Organizations: Goldman Sachs, Management, Bank of England Locations: Northern

☆ Karen Firestone's top stock picks: Amazon, Adobe, Carmax
▼ + stars: | 2023-06-22 | 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 EmailKaren Firestone's top stock picks: Amazon, Adobe, CarmaxKaren Firestone, Chairman and CEO of Aureus Asset Management, joins 'Squawk Box' to discuss the latest market trends, and her top stocks to watch including Amazon, Adobe, and Carmax.

Persons: Karen Firestone's, Carmax Karen Firestone Organizations: Asset Management, Adobe

☆ Watch CNBC's full interview with Northern Gritstone's Jim O'Neill
▼ + stars: | 2023-06-22 | 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 Northern Gritstone's Jim O'NeillJim O'Neill, former Goldman Sachs Asset Management chairman and chief economist and Northern Gritstone chairman, joins 'Squawk on the Street' to discuss why the Bank of England hiked borrowing rates by more than expected, the Fed's fight to tame inflation, and more.

Persons: Jim O'Neill Jim O'Neill Organizations: Northern, Goldman Sachs, Management, Bank of England Locations: Northern

☆ Exclusive: Blackstone's Horizon head Scott Bommer to leave company
▼ + stars: | 2023-06-17 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Bommer, a former hedge fund manager, joined Blackstone in 2021 as a senior managing director when the company was overhauling its $81 billion Blackstone Alternative Asset Management hedge fund unit known as BAAM. The Blackstone Horizon platform will now be run by an investment committee led by BAAM Global Head Joe Dowling, the sources said. Before coming to Blackstone, Bommer ran hedge fund SAB Capital for 17 years investing in stocks, debt and mortgages. Bommer was the first big hire brought in by Dowling, after he joined Blackstone in early 2021 to help overhaul the hedge fund unit. Last year Tiger Global Management lost 56% while Whale Rock Capital Management ended with a 43% loss, Reuters reported previously.

Persons: Blackstone, Scott Bommer, Joe Dowling, Bommer, Dowling, Svea Herbst, Bayliss, Diane Craft, David Gregorio Our Organizations: YORK, Blackstone, Management, BAAM Global, SAB Capital, Tiger Global Management, Whale Rock Capital Management, Reuters, Svea, Thomson

☆ House Democrats press Walmart, Costco, Kroger to sell abortion pill mifepristone
▼ + stars: | 2023-06-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

In this photo illustration, packages of Mifepristone tablets are displayed at a family planning clinic on April 13, 2023 in Rockville, Maryland. House Democrats on Thursday called on Walmart, Costco , Kroger , Safeway and Health Mart to publicly commit to sell the prescription abortion pill mifepristone at their retail pharmacies. Goldman and Rep. Judy Chu, D-Calif., sent a letter asking the companies' CEOs to confirm by June 23 whether their pharmacies will get certified to sell the abortion pill. Democratic governors and senators asked the companies in March whether their pharmacies will get certified to dispense the medication. The largest retail pharmacies in the U.S. have found themselves increasingly caught in the middle of the national battle over abortion access, which was set in motion by the Supreme Court's decision to overturn Roe v. Wade last June.

Persons: Dan Goldman, Goldman, Judy Chu, Roe, Wade Organizations: House Democrats, Walmart, Costco, Kroger, Safeway, Health Mart, Drug Administration, FDA, Democratic, U.S, U.S . Constitution Locations: Rockville , Maryland, U.S, U.S .

And while Musk has mentioned the trip in two posts since leaving, he didn't tweet once while in China. That said, after three years of harsh COVID curbs that hampered entry into China, foreign CEOs appear eager to get the lay of the land. Sixty-seven foreign business leaders attended the high-profile China Development Forum this year, although that is still 20 fewer than in 2019. The few known comments by foreign CEOs whilst they were in China have been in line with Biden's stance that he is not seeking to decouple the world's two largest economies. The foreign ministry quoted Musk as saying he was opposed to a decoupling of the U.S. and China economies which he described as "conjoined twins".

Persons: Elon Musk, Goldman Sachs, David Solomon, Musk, Goldman's Solomon, wariness, Xi, Noah Fraser, Tesla, Goldman, Joe Biden, Tim Cook, Patrick Gelsinger, Mary Barra, Stephen Schwarzman, Jamie Dimon, Christopher Johnson, JPMorgan's Dimon, Daniel Russel, Brenda Goh, Joe Cash, Selena Li, Zhang Yan, David Brunnstrom, David Shepardson, Edwina Gibbs Organizations: Media, Twitter, Canada China Business Council, EU Chamber of Commerce, U.S . Department of Commerce, U.S, flashpoints, General Motors, China, China Strategies, U.S ., JPMorgan, Blackstone, Intel, JPMorgan Global China Summit, Asia Society Policy Institute, Thomson Locations: SHANGHAI, BEIJING, China, Shanghai, U.S, Washington, Beijing, Blackstone's, East, Hong Kong

☆ UK investors back money market funds in May, ditch ESG funds
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 6 (Reuters) - UK investors backed money market funds in May at the fastest rate since the country's failed 'mini-budget' last year, opting for caution after a volatile period in global banking, funds network Calastone said on Tuesday. The data also showed that environmental, social and corporate governance-focused equity funds suffered their worst month on record, shedding 304 million pounds of capital. Investors added a net 318 million pounds during the month, half the average of the last year, Calastone said. Equity funds suffered net outflows of 302 million pounds, meanwhile, marking a sharp reversal after strong inflows in March and April. UK-focused funds were particularly hard hit, seeing outflows of 583 million pounds.

Persons: Calastone, Liz Truss, Edward Glyn, Iain Withers, Barbara Lewis Organizations: Equity, Thomson Locations: U.S, Calastone

☆ Can Kim Kardashian save private equity?
▼ + stars: | 2023-06-06 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +3 min

SuperReturn conference gets underway at a time of challenges for private equity. Kim Kardashian joins Harvey Schwartz, Orlando Bravo, and other leaders in speaking at the conference. The uncertainty has made it more difficult for both private equity and venture capital firms to raise money for their funds. Those are bold-faced names in Wall Street's world, but they can't compete with the star power of another conference speaker: Kim Kardashian. It remains to be seen if private equity can keep up.

Persons: Kim Kardashian, Harvey Schwartz, Orlando Bravo, Kardashian, dealmaking, there's, Carlyle's Harvey Schwartz, David Rubenstein, Julian Salisbury, Goldman Sachs, Robert Smith, Orlando Bravo of Thoma, Bennett Goodman, Jay Sammons, Rubenstein, It's, Sammons, Dre Organizations: equity's, Private, SuperReturn International, Vista Equity Partners, Orlando Bravo of Thoma Bravo, SKKY Partners, Bloomberg, Financial Locations: Berlin

☆ How to land a job with Blackstone, Apollo, KRR, and other private equity titans
▼ + stars: | 2023-06-06 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +6 min

Private equity is often seen as the Holy Grail of finance jobs — but breaking in can be challenging. We also have data on private equity pay and the industry's top recruiters. Here is what we found about pay at private equity firms, including Blackstone, Apollo, and Bain Capital. Private equity recruiting has been starting earlier than ever Getty ImagesPrivate equity firms like to recruit young talent from investment banks. These days, the private equity recruiting process has started earlier than ever, resulting in middle-of-the-night interviews with offers being made — and blown up — all before Labor Day.

Persons: —, bymuratdeniz, Blackstone, Samantha Lee, Drew Angerer, Skye Gould, Jon Gray, Grace Koo, Read, Carlyle, Alex Crisses, Thoma Bravo, Warburg Pincus, Wharton's, Axel Springer Organizations: Blackstone, KKR, Service, Apax Partners, Oaktree, of Foreign Labor, Apollo, Bain Capital, Labor, General Atlantic, PJT Partners, Partners, dealmakers, Wall, University of Michigan Locations: Carlyle, Blackstone, Axel

☆ Blackstone will help prevent an office market 'catastrophe', says JPMorgan's commercial real estate chief
▼ + stars: | 2023-06-05 | by ( Al Yoon | ) www.businessinsider.com time to read: +4 min

Reports on the death of offices are "just wrong," JPMorgan's commercial real estate chief said. Office buildings are losing value as more people opt to work from home and companies need less space. No 'catastrophe' for the office market"You get the headline written that the office market is a catastrophe," Brooks said during a JPMorgan outlook webinar on June 1. In April, Blackstone announced the final close of its Blackstone Real Estate Partners X, the largest real estate fund ever raised, with $30.4 billion in capital commitments. Through its real estate investment trust, Blackstone has maintained some exposure to office buildings.

Persons: Blackstone, delinquencies, Alfred Brooks, Brooks, JLL, Manus Clancy, JPMorgan —, hasn't, They're Organizations: JPMorgan, Blackstone, Blackstone Real Estate Partners Locations: Brookfield, Blackstone, Los Angeles

☆ JPMorgan's commercial real estate chief lays out how Blackstone will help prevent an office market 'catastrophe'
▼ + stars: | 2023-06-05 | by ( Al Yoon | ) www.businessinsider.com time to read: +4 min

☆ From Wall Street to Washington: Which finance execs would make the best public servants?
▼ + stars: | 2023-06-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

There has long been speculation that America's most-famous banker has plans to run for some sort of public office. The path from Wall Street to Washington is well worn, with plenty of high-profile executives taking up positions in the government. When most Wall Street executives were still afraid of the public cloud, she was ready to embrace it with open arms. Jon Gray — Treasury SecretaryBlackstone's president and chief operating officer has already had a brush with public office. The idea of him holding public office doesn't seem far-fetched.

Persons: Dan DeFrancesco, TikTok, I'm, we've, nabbing, Joe Biden's, Kevin McCarthy's, Jamie Dimon, Larry Downing, hasn't shied, Dimon, Dimon's, Bill Ackman, Kenneth Chenault —, Kathy Hochul, she's, Chenault, He's, Larry Fink —, We've, Larry, Fink, Adena Friedman, Friedman, Jon Gray —, Gray, Donald Trump, Gray's, Wall, Sen, Elizabeth Warren, Ken Griffin, Griffin, hasn't, Griffin hasn't, Ron DeSantis, he'll, Brian Moynihan —, Moynihan, Dan Schulman —, PayPal — he's, Taylor Swift, Kevin Mazur, Larry Fink, Franklin Templeton, It's, Rockefeller, Stephen Schwarzman, Warren Buffett, Cliff Asness, that's, Here's, Jeffrey Cane, Nathan Rennolds Organizations: JPMorgan, REUTERS, Bloomberg, American Express, Catalyst, Washington Post, BlackRock, SEC, CFTC, OCC, Nasdaq, Wall, Democrat, GOP, Florida Gov, Commerce, PayPal, Express, Virgin Mobile, Rockefeller Capital Management, Putnam Investments, Blackstone, Credit Suisse, UBS, Reuters, LinkedIn Locations: NYC, Washington, New York, Florida, Chicago, Miami, Ohio, Swiss, London

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