Analysts said they now expect US investment banking revenue to be flat this year, instead of jumping 32% as predicted previously.
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The massive acquisition could give Google an edge as AI accelerates Big Tech’s race to win over cloud customers.
Blackstone’s BXMT mortgage trust, on the other hand, is buckling under the weight of a pile of office loans gone bad.
Blackstone’s new fund is one of several efforts aimed at cracking the private credit door open to retail investors.
On Tuesday, President Donald Trump slapped import duties on Canada and Mexico, kicking off a full-fledged economic war.
According to Dealogic, just 1,603 deals have been signed this year through Friday, down 19% year-over-year.
Hedge funds are still all in on the AI boom that drove the Magnificent Seven’s gains, they just think it’s creating value elsewhere now.
Moody’s analysts predict, as of last week, that the private credit market will double to $3 trillion by 2028.
In its annual investment report published on Tuesday, Fidelity said its assets under management increased by a titanic $1 trillion in 2024.
New York is muscling in on Texan dreams of becoming Wall Street 2.0 by taking the fight to the Lone Star state.
The news comes as Klarna is gearing up for a US IPO, and as regulation of the BNPL sector hangs in the balance post-Trump.
Elliott has played a central role in pushing out a CEO at Starbucks and convincing conglomerate Honeywell that it needed to break up.
Punxsutawney Phil may see six more weeks of winter, but hedge funds aren’t waiting to emerge from their bearish slumber.
Shares of US steel and aluminum companies rose Monday, bolstered by a fresh round of tariff threats from the Trump administration.
Billionaire Bill Ackman is making Pershing the latest high-profile company to depart longtime corporate haven Delaware.