Blackstone posts highest profit yet, powered by growth-equity and SPAC deals

5 Comments / Finance, Business / 05/01/2021

Stephen Schwarzman’s Blackstone saw its private equity portfolio appreciate more than 15% in Q1 2021. (John Moore/Getty Images) Since Blackstone launched in 1985 with $400,000 in seed money, the asset manager has expanded from traditional buyouts to the credit markets, real estate and more. But on Thursday, those strategies were upstaged by wins from Blackstone’s more recent […]

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Ariel’s Mellody Hobson hitting her stride as co-CEO

1 Comment / Business, Finance / 04/29/2021

Mellody Hobson has a strategic plan for Ariel Investments LLC, the latest manifestation of which is a bold new spin on private equity that seeks to address racial economic inequality.

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Billionaire Jay-Z’s Net Worth Jumps 40% With Sales Of Streaming Service Tidal, Champagne Brand

6 Comments / Business, Finance / 03/09/2021

Jay-Z attends 2020 Roc Nation THE BRUNCH on January 25, 2020 in Los Angeles, California. (Photo by Kevin Mazur/Getty Images for Roc Nation) Over the past two weeks, the rapper struck deals to sell his boutique music streaming service and half of his champagne brand Armand de Brignac, adding an enormous pile of cash to

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Glencore has some stunning figures on the levels of battery metals the world will need by 2050

3 Comments / Mining, Finance / 02/24/2021

Cars of the future will drive demand for battery metals. Picture: Tron: Legacy, Walt Disney Pictures Commodities producer and trader Glencore has put some bold numbers on the volumes of battery metals needed to supply the world as its moves away from fossil fuels usage. The London-listed company has modelled the quantities of cobalt, copper,

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Here’s How Apple Can Tackle the $230 Billion Luxury Car Market

7 Comments / Tech, Finance / 01/15/2021

The iPhone maker has an edge when it comes to design, software and maybe even batteries. But those advantages will only take it so far. If Apple Inc. is going to make a success of its car project, it has to target the $230 billion luxury automobile market. Doing so may be the only way to …

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A $21 Billion Wager on Who Will Build the Apple Car

17 Comments / Tech, Finance / 01/15/2021

A red-hot trend in the car industry is for new entrants such as Fisker Inc. to hand over the complicated and capital-intensive work of engineering and building vehicles to a contract manufacturer.

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Glencore taps coal head Gary Nagle as new CEO

2 Comments / Mining, Finance / 12/31/2020

Mining and commodities trader Glencore (LON: GLEN) said on Friday that Gary Nagle, the head of its coal division, would replace Ivan Glasenberg as the company’s top boss early next year.

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