In a series of news stories,
Blackstone Inc. (NYSE:BX) shares were purchased by
EverSource Wealth Advisors LLC. They also sold the
Motel 6 brand to
Oyo for $525 million. Q2 2024 earnings show Blackstone's
rising AUM, but also
higher expenses. Press mentions Blackstone's strategic moves into the
bio-tech market with their support of Moderna’s Influenza Program and the
private credit business outside the US. The business news also highlights Blackstone's significant
acquisitions, notably Tropical Smoothie Cafe and Trystar, a provider of backup power solutions. However, financial performance reports attest to
Q2 earnings missing estimates. There's speculation about Blackstone selling visa outsourcing firm
VFS. The company is dealing with an executive shakeup with portfolio operations chief Morgan named UKG CEO and the hiring of Citi’s Tyler Dickson for a key credit job. Besides, they are said to be expanding equity ownership to workers in future deals.
Blackstone BX News Analytics from Wed, 06 Dec 2023 08:00:00 GMT to Sun, 22 Sep 2024 11:44:41 GMT -
Rating -5
- Innovation 5
- Information 7
- Rumor -3
