FinanceVCCircleabout 4 hours ago
Blackstone Sees Earnings Beat Amid AI Debt
3 min read
Blackstone President Jon Gray stated on Thursday that widening credit spreads on AI-related debt offer higher return opportunities. The firm beat Wall Street profit expectations with assets under management reaching $1.37 trillion. Global M&A activity fell 41% sequentially while Blackstone shares rose 6.2% on the earnings beat.
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