Posts filtered by tags: Blackstone[x]


 

Credit exec resurfaces post-Blackstone feud - State Street is slashing 1,200 jobs - Inside the biggest SPAC deal ever

Fox Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:Michael Whitman, the former Blackstone exec tangled up in an epic non-compete battle, has quietly started his new gigUnited Wholesale Mortgage is near the biggest SPAC deal ever - and its CEO didn't even know what a SPAC was nine months agoPlaid is on a massive hiring spree now that Visa isn't buying itIf you're not yet a subscriber, you can sign up here to get your daily dose of the...
Tags: Florida, Texas, New York City, US, San Francisco, Trends, Mtv, Peter Thiel, Miami, Blackstone, General Atlantic, SPAC, State Street, Whitman, Michael Whitman, State Street Corporation


Bumble files to go public

The dating and networking service Bumble has filed to go public. The company, launched by a former co-founder of the IAC-owned Tinder, plans to list its share on the Nasdaq stock exchange, using the ticker symbol “BMBL.” Bumble’s planned IPO was first reported in December. Whitney Wolfe Herd doesn’t care what she’s supposed to do Bumble CEO Whitney Wolfe Herd was on the founding team at Tinder before starting Bumble. She filed suit against Tinder for sexual harassment and discrimination,...
Tags: Fundings & Exits, Startups, TC, Mobile, Apps, Tinder, Ipo, Tech, IAC, Bumble, Blackstone, EBITDA, GAAP, Andrey Andreev, Whitney Wolfe Herd, Wolfe Herd


From cutting all ties with Trump to pulling political donations, here's how corporate America has responded to the Capitol insurrection

The US Capitol during riots on January 6. REUTERS/Leah Millis During the US Capitol insurrection, businesses condemned the rioters. In the days after, they swapped words for concrete action. Some have cut off all political funding, others have severed ties with President Donald Trump. Here's how social-media giants, banks, retailers, and other firms have reacted. Visit Business Insider's homepage for more stories. Since rioters stormed the US Capitol on January 6 in a desperate bid to over...
Tags: Google, Amazon, Facebook, Mark Zuckerberg, Twitter, Business, Politics, White House, US, America, Trends, Social Media, Joe Biden, New Jersey, Pga, Reddit


'President Trump lost many of his supporters, including me.' Billionaire Trump donor Doug Leone blames Trump for the insurrection.

Sequoia's Doug Leone is the latest conservative billionaire businessman to renounce his support for Trump after last week's insurrection. Getty Images Billionaire VC Doug Leone was once one of Trump's strongest supporters in Silicon Valley, donating over $100,000 to his 2020 reelection campaign. He told Insider he no longer supports the president after his role in inciting the riots on Capitol Hill last week.  "After last week's horrific events, President Trump lost many of his sup...
Tags: Apple, Google, Startups, Politics, Congress, US, America, Trends, Tim Cook, Venture Capital, Silicon Valley, Capitol Hill, Blackstone, Khosla Ventures, Vinod Khosla, Sequoia


Visa axes Plaid deal - Gensler reportedly tapped as new SEC chair - Inside SoFi's plans to go public

Gary Gensler is working on Biden's financial regulatory plans. Chip Somodevilla/Getty Images Guess who's back?Gary Gensler, the former chair of the CFTC, is set to be picked by President-elect Joe Biden as the next chair of the SEC, according to a report from Reuters.Gensler is quite an adjustment (to put it mildly) from former SEC chair Jay Clayton. Gensler was known for overseeing plenty of new regulation in the wake of the financial crisis, including implementing rules around how com...
Tags: Washington, US, Trends, Joe Biden, New Zealand, Cftc, SEC, Department Of Justice, Biden, Donald Trump, Doj, Blackstone, Vox Media, SoFi, Silver Lake, Visa


Walmart, Amazon and other US corporate giants in cutting off donations to Republican lawmakers who opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Walmart will halt political donations to lawmakers that opposed certifying president-elect Joe Biden's victory. It joins Amazon, Morgan Stanley, Dow, and AT&T in deciding to cut funding to specific Republicans. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both Republicans and Democrats...
Tags: Google, Amazon, Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Walmart, Bloomberg, Joe Biden


BFI-Funded Inclusive Cinema Project Tackles Racism With Toolkit Launch – Global Bulletin

In today’s Global Bulletin, Inclusive Cinema addresses racism; Sky goes green; Sovereign acquires “Verdict”; Blackstone buys “Stars Wars” building; and Swipe pops champagne documentary. The U.K.’s Inclusive Cinema project has launched a guide for improving the cinema experiences of ethnically diverse audiences and staff — a directive that challenges institutions to make good on their […]
Tags: Asia, Star Wars, News, Global, Sky, BFI, Blackstone


Amazon joins Airbnb, Marriott, and other US corporate giants in cutting off donations to Republican lawmakers who opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Amazon has become the latest US corporate giant to cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. It joins Morgan Stanley, Dow, and AT&T in deciding to cut funding to specific Republicans. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both...
Tags: Google, Amazon, Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, Boston, US, Trends, Tech, General Motors, Bloomberg, Joe Biden


If this is what Wall Street calls taking a stand against insurrection, we're in trouble

Brendan Smialowski/AFP via Getty Images Wall Street has responded to the terrorist attack on the Capitol by blaming both sides, pausing donations to Republicans and Democrats. It is a craven act of self preservation. We know that the Republican Party is to blame for spreading the lies that sparked the violence and should be punished for that fact. Until we all have the courage to admit it, we are in danger of losing our democracy. This is an opinion column. The thoughts expressed are thos...
Tags: Congress, US, America, Trends, Joe Biden, United States, House, Republican Party, Morgan Stanley, Blackstone, Jamie Dimon, Steve, Trump, Capitol, Steve Schwarzman, Kevin McCarthy


Marriott, Morgan Stanley, Dow, and other US firms are cutting off donations to Republican politicians that opposed Biden's certification as president

Supporters of US President Donald Trump broke into the US Capitol on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, and Dow are among companies cutting off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. Goldman Sachs is reportedly likely to follow suit. Separately, JP Morgan, Citibank, Microsoft, and Facebook said they will temporarily pause all political donations to both Republicans and Democrats comple...
Tags: Facebook, Politics, Microsoft, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc


Marriott, Morgan Stanley, Dow, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, and Dow are among companies cutting off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. Goldman Sachs is reportedly likely to follow suit. Separately, JP Morgan and Citibank said they will temporarily pause all political donations to both Republicans and Democrats completely. Last We...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra


In the wake of the Capitol siege, Marriott, Morgan Stanley, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president, and Goldman Sachs is reportedly likely to follow suit. JP Morgan and Citigroup have all said they will temporarily pause all political donations to both Republicans ...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra


In the wake of the Capitol siege, Marriott, Morgan Stanley, Dow, and other US firms are cutting off Republicans that opposed Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, Morgan Stanley, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president, and Goldman Sachs is reportedly likely to follow suit. JP Morgan and Citigroup have all said they will temporarily pause all political donations to both Republicans ...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra


Marriott and Citi suspend political donations to GOP lawmakers who sided with Trump and objected to Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott and Citi have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president.  Marriott and Citi are among the largest US companies to announce the will halt PAC donations to the GOP members who took part in the failed attempt to overturn the election. Companies including Microsoft, Google, GM, and Coca-Cola...
Tags: Amazon, Facebook, Politics, Texas, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Missouri


Marriott is pulling donations to Republicans who voted to overturn the election, while JP Morgan and Citigroup are halting political donations altogether

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott, the Blue Cross Blue Shield Association, and Commerce Bank have cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president.  JP Morgan, Goldman Sachs, Morgan Stanley, and Citigroup have all said they will temporarily pause all political donations to both the Republicans and Democrats completely. Last Wed...
Tags: Facebook, Politics, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Ford, Washington Dc, Mary Barra


Marriott suspends political donations to GOP lawmakers who sided with Trump and objected to Biden's certification as president

Supporters of US President Donald Trump enter the US Capitol's Rotunda on January 6, 2021, in Washington, DC. SAUL LOEB/AFP via Getty Images Marriott has cut off donations to GOP lawmakers who objected to certifying Democrat Joe Biden as president. The hotel chain said the decision was the result of last week's siege on the US Capitol by pro-Trump supporters. Marriott is one of the largest US companies to announce it was halting PAC donations to the GOP members who took part in the fai...
Tags: Amazon, Facebook, Politics, Texas, Congress, Hotels, Finance, Senate, US, Trends, Tech, General Motors, Joe Biden, Companies, Gop, Missouri


Former Goldman Sachs CEO Lloyd Blankfein says Wall Street turned a blind eye to risks posed by Trump

Lloyd Blankfein, ex-CEO of Goldman Sachs, speaks at the Boston College Chief Executives Club. Thomson Reuters Lloyd Blankfein, ex-chair and CEO of Goldman Sachs, said Wall Street had "put a clothespin on our nose" when it came to Donald Trump's presidency.  "He was delivering what 'we' wanted ... we weren't ignorant of the kind of risks we were taking. We repressed them," Blankfein told The New York Times.  Blankfein, who left Goldman in 2018, didn't vote for Trump. In September, he seemed...
Tags: Apple, Google, Wall Street, Trends, Joe Biden, New York Times, Tim Cook, Goldman Sachs, The New York Times, Donald Trump, Goldman, Blackstone, Lloyd Blankfein, Jamie Dimon, Sundar Pichai, Trump


Bill Gates joins Blackstone in bid to buy British private jet firm

Gates’ Cascade Investment fund teams up with US private equity firm on offer for Signature AviationBill Gates has joined a £3bn bidding war to buy the world’s largest private jet operator just as he prepares to publish his new book How to Avoid a Climate Disaster.Cascade Investment, the fund that manages much of Gates’s $134bn personal fortune, announced on Friday it had teamed up with US private equity firm Blackstone in a bid for British private jet operator Signature Aviation. Continue readin...
Tags: Business, Technology, Climate Change, Environment, US, Greenhouse Gas Emissions, Bill Gates, Airline Industry, Private Equity, Blackstone, Carbon footprints, Signature AviationBill Gates, Signature Aviation Continue


WeLink raises $185M to deliver high-bandwidth wireless internet to the home using 5G

Cable or fiber. For the vast majority of American homes, there’s no choice of how customers get their internet access. If you’re lucky to live in some dense urban areas with amenable landlords, that ‘or’ might become an ‘and.’ Yet, as more and more people rely on the internet for more than just cat photos (and after recent events, maybe rely on cat photos as well for sustenance), it seems obvious the market needs more choice and competition. Utah-based WeLink wants to be that alternative. Taking...
Tags: Fundings & Exits, Startups, Verizon, Utah, Hardware, Softbank, Funding, Tech, Cisco, Arizona, Las Vegas, Blackstone, Ross, Coo, Phoenix, Tucson


Blackstone CEO and longtime Trump ally Stephen Schwarzman says he is 'shocked and horrified' by the 'insurrection' that followed the president's speech, calls for a peaceful transition

Jim Spellman/Getty Images, Tasos Katopodis/Getty Images Blackstone CEO Stephen Schwarzman slammed the violence in Washington, DC, that followed Trump's speech on Wednesday, calling it an "insurrection." "I am shocked and horrified by this mob's attempt to undermine our constitution," he said in a statement to Insider. Schwarzman had previously defended Trump's lawsuits challenging the election results during a phone call in November with dozens of Fortune 500 CEOs. Visit Business Insider'...
Tags: News, Finance, US, Trends, Pennsylvania, Washington Dc, Donald Trump, Blackstone, Trump, Schwarzman, Stephen Schwarzman, US Capitol, Tyler Sonnemaker, Capitol Siege, White House Schwarzman, AP Schwarzman


Oatly, the popular alternative milk company backed by Oprah, could go public this year amid red-hot IPO market

Hollis Johnson/INSIDER Oatly, the popular alternative milk company that's backed by Oprah, Natalie Portman, and Blackstone, could go public this year, CNBC reported on Tuesday.The move to go public would come amid a red-hot IPO market that saw strong debuts for high-profile unicorns like Airbnb and DoorDash.The Sweden-based company raised $200 million at a $2 billion valuation last July and has seen a surge in popularity ever since it entered the US market in 2017.Visit Business Insider's ...
Tags: Sweden, US, Trends, Credit Suisse, Airbnb, Starbucks, Oprah, Blackstone, Cnbc, Hollis Johnson, Matthew Fox, Oatly, Morgan Stanley JPMorgan, Oprah Natalie Portman, Mergermarket Oatly, Blackstone Oprah Natalie Portman


Investing legend Byron Wien says the S&P 500 will hit 4,500 in 2021-but warns of a 20% correction in the first half of the year

Brendan McDermid/Reuters Byron Wien released his 36th annual "Ten Surprises" list on Monday, where he forecasts financial, economic, and political events that he believes will have a better than 50% chance of happening. The vice chairman of Blackstone Group Inc's private wealth solutions business  is forecasting the S&P 500 will tumble almost 20% in the first half of 2021 but then climb to 4,500.He also predicts that unemployment will fall to 5%, large-cap technology stocks will lag, and c...
Tags: Trends, Investing, Markets, Unemployment, Stocks, Blackstone, S&P 500, Blackstone Group, Byron Wien, Wien, Blackstone Group Inc, Stock Market Outlook, Emily Graffeo, Technology Stocks, S&P 500 price target, Stock Market 2021


Editor’s Choice: An Alternative Top 10 for 2020

This time each year , we gather our web and social media stats and pick the ten most popular custom motorcycles of the year. Once we’ve got that out of our system, I have the daunting task of throwing the stats out the window—and picking my personal favorites. It was an especially tough gig this year, with a global pandemic doing little to slow down the enthusiasm and creativity of the custom scene’s best builders. My ‘short list’ started with 40 bikes, and took weeks to whittle down. And in t...
Tags: Japan, Motorcycles, Ducati, Bmw, Lockheed Martin, Kingston, Honda, Twins, Taylor, Blackstone, Cw, Bsa, Ascot, Chris, Harley, Yamaha


The Wall Street stories that defined 2020

Keith Bedford/ REUTERS What a year.That's probably the best way to sum up 2020, which was an absolute whirlwind. And while most of us will be happy to close the book on what has been a difficult and trying year, we'd like to take a look back at some of our top stories from the past 12 months. Below you'll find some of our best work, from in-depth profiles of big personalities to deep-dive investigative pieces on widespread power struggles at the highest of levels.If you're not yet a subscr...
Tags: Wall Street, US, Trends, Bank Of America, Getty Images, Nba, Deutsche Bank, Goldman Sachs, Lebron James, Charlotte Hornets, Blackstone, Silver Lake, Viking Global, Durban, Ritz Carlton, Bridgewater


These are the Wall Street stories our readers loved in 2020

Keith Bedford/ REUTERS What a year.That's probably the best way to sum up 2020, which was an absolute whirlwind. And while most of us will be happy to close the book on what has been a difficult and trying year, we'd like to take a look back at some of our top stories from the past 12 months. Below you'll find some of our best work, from in-depth profiles of big personalities to deep-dive investigative pieces on widespread power struggles at the highest of levels.If you're not yet a subscr...
Tags: Wall Street, US, Trends, Bank Of America, Getty Images, Nba, Deutsche Bank, Goldman Sachs, Lebron James, Charlotte Hornets, Blackstone, Silver Lake, Viking Global, Durban, Ritz Carlton, Bridgewater


Investor Ron Conway and Zillow CEO Rich Barton are among 13 new billionaires who have agreed to give away most of their fortunes by signing the Giving Pledge

Ron Conway in 2017. Steve Jennings/Getty Images for TechCrunch Famed Silicon Valley investor Ron Conway, Zillow cofounder Rich Barton, and early Facebook employee Jeff Rothschild are among this year's new signatories of the Giving Pledge, thereby agreeing to give the majority of their net worths to charity. This year's 13 additions to the Giving Pledge have a combined net worth of around $40 billion. The Giving Pledge was founded in 2010 by Bill and Melinda Gates and investor Warren Buffet...
Tags: Amazon, Facebook, Mark Zuckerberg, News, Microsoft, Finance, US, Trends, Strategy, Billionaires, Paul Allen, Warren Buffett, Silicon Valley, Bill, Jeff Bezos, Zillow


Coinbase taps Goldman for public debut - How Airbnb and DoorDash failed to reinvent the IPO - The execs behind wealth's talent wars

Welcome to the weekend!Two weeks out from the end of 2020 and the IPO news cycle isn't slowing down. You'd be forgiven if you thought at the beginning of the week we'd maybe get a break from hearing about hot tech companies rushing to go public, as Roblex and Affirm postponed their debuts. But by Friday, cryptocurrency exchange Coinbase, online thrift platform Poshmark, and dating app Bumble had all filed for upcoming IPOs. Another thing they all have in common, according to reports, is Goldman ...
Tags: Florida, White House, Ipo, Trends, Chicago, Chase, Ubs, Ohio, Fidelity, Airbnb, Donald Trump, Goldman, Blackstone, Intuit, Jetblue, Coinbase


Are Texas and Florida the new California and New York?

Elon Musk is the latest high-profile tech figure to relocate from California to Texas. HANNIBAL HANSCHKE/Getty Images Texas and Florida are challenging California and New York, respectively, but will they replace them? Tech elites from Silicon Valley have been flocking to Texas, mirroring Big Apple financiers on the east coast fleeing to Florida. They're all seeking warm weather, affordability, and low taxes as they leave behind a higher cost of living. Texas and Florida may never truly di...
Tags: Apple, Spacex, Elon Musk, Florida, Real Estate, UK, New York, Texas, London, California, Drew Houston, San Francisco, Trends, Wealth, Economy, Analysis


JPMorgan wanted Eaton Vance deal - Systematic trading in bonds - Traders talk getting in on IPOs

: Traders in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange (CBOE) fill orders shortly before the close of trading on October 28, 2015 in Chicago, Illinois. Scott Olson/Getty Hiya.Nice scoop from the Financial Times on Wednesday regarding the mysterious "Party A" bidder who competed with Morgan Stanley on its plans to acquire Eaton Vance.Turns out it was JPMorgan. What's even more interesting, JPMorgan, which initially approached Eaton Vance unso...
Tags: Florida, Ipo, US, Trends, Chicago, Morgan Stanley, Blackstone, Los Angeles Times, Financial Times, Solarwinds, Jpmorgan, Standard Poor, Los Angeles California, Eaton Vance, Samantha Lee, Chicago Board Options Exchange CBOE


Who's behind the wealth-management talent war - Bankers' DoorDash haul - Blackstone eyes selling portfolio company data

REUTERS/ Brendan McDermid Happy hump day!Really interesting story out of Bloomberg regarding Blackstone's plans to sell data from companies in its portfolio. The story touches on two major themes on Wall Street. The first is alternative data, or the use of obscure, non-traditional data sets in order to gain an edge investing. We're written quite a bit on the topic, and how crowded the market is for selling such data, but it's interesting to see Blackstone contemplate dipping its toe in the...
Tags: Trends, Bloomberg, Ubs, Crypto, Manhattan, Goldman Sachs, Morgan Stanley, Blackstone, Blackrock, Doordash, New York City New York, Jim Esposito, Samantha Lee, Carter Johnson, Bakkt, Carlo Allegri Reuters