News

Jersey Mike’s has a large, mostly franchised system, more than 3,300 locations, and $4.2 billion in 2025 systemwide sales.

Investing.com -- Jersey Mike’s Subs Inc., the sandwich chain backed by Blackstone Inc (NYSE:BX), filed for an initial public offering that would join a rebound in US listing activity. The company intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol "JMKE." The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed. Morgan Stanley, Jefferies, and J.P. Morgan are actin

For most of the post-2008 era, Oppenheimer’s Chris Kotowski was the guy telling you to keep buying the big banks. He waved off the 2011 eurozone panic, the 2016 energy blowup, COVID, and the 2022 rate hikes. On June 30, 2026, he flipped. Kotowski cut Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America, and ... The Analyst Who Loved Bank Stocks for 15 Years Just Flipped. Here’s What He’s Buying Instead

Blackstone will release its second-quarter earnings soon, and analysts anticipate a low double-digit bottom-line growth.

Digital ‌Realty ‌said on Monday ​it would acquire a ‌majority ⁠stake in three ⁠fully ​leased ​Northern Virginia ​data ‌centers from Blackstone-managed funds in a ‌deal ​valuing ​the ​assets ‌at $7.8 billion. (Reporting ​by ​Jaspreet Singh ​in ‌Bengaluru; Editing ​by Vijay ​Kishore)

(Bloomberg) -- Wall Street bankers are on a high after record-setting offerings from SpaceX and Google parent Alphabet Inc., lifting expectations for deal activity in the rest of 2026.Most Read from BloombergTrump’s U-Turn on Iran Sanctions Would Unravel Decades of CurbsUS and Iran Agree to Halt Attacking Each Other Ahead of TalksOil Trades Near Four-Month Low as US and Iran Halt Fresh AttacksAramco Helicopter Crash in Ras Tanura Kills All 14 on BoardPrabowo Risks Prompt Global Banks to Pull Cas

(Bloomberg) -- On paper, it seems like a no-brainer trade: Cash out of one private credit fund at 100% of net asset value and plow the money back into a similar vehicle that’s trading at a substantially discounted price.Most Read from BloombergInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetGrand Ole Opry House Up For Sale by Owner Ryman HospitalityStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapStocks Climb Late After Micron’s Blowout Outlook: Markets WrapOracle C

Jefferies (JEF) delivered earnings and revenue surprises of -5.51% and -0.61%, respectively, for the quarter ended May 2026. Do the numbers hold clues to what lies ahead for the stock?

(Bloomberg) -- OpenAI unveiled its first custom artificial intelligence chip developed in partnership with Broadcom Inc., part of a bid by the ChatGPT maker to gain an edge by tailoring hardware to better run its AI products. Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapInvestor Who Scored 900% Win in 2008 Crisis Has New Big Short BetOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 10

(Bloomberg) -- The Bank of England will stress test private markets against a doomsday scenario featuring 7% interest rates, a 35% collapse in UK share prices, a 400 basis-point increase in leveraged loan spreads and a wide range of artificial intelligence disruptions, the central bank announced on Friday.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Pe

The biggest IPOS in U.S. history include a major chipmaker, a ride-hailing firm and a handful of global telecoms.

Analysts expect high withdrawals to last more than a year, increasing the risk of forced liquidations.

(Bloomberg) -- US President Donald Trump formally agreed an interim peace deal with Iran, shifting focus to the planned reopening of the Strait of Hormuz and a complex 60-day negotiating period over Tehran’s nuclear program.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of Trump MeetingTrump Blows Through His Iran Red Lines in Justifying Peace DealIran’s Deputy Foreign Minister Confirms Deal Reached With USApple Plans Cam

(Bloomberg) -- It was fight night on the White House lawn. Beneath a great steel canopy nicknamed "the Claw," Justin Gaethje did a backflip off the caged ring in the center of the South Lawn after winning the Ultimate Fighting Championship title card. In the audience, the president, newly 80, had just announced that the Iran war was over, and the Strait of Hormuz was open.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of 'Shortage of Trust' Ahead of

(Bloomberg) -- It was fight night on the White House lawn. Beneath a great steel canopy nicknamed “the Claw,” Justin Gaethje did a backflip off the caged ring in the center of the South Lawn after winning the Ultimate Fighting Championship title card. In the audience, the president, newly 80, had just announced that the Iran war was over, and the Strait of Hormuz was open.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranModi Warns of ‘Shortage of Trust’ Ahead of

(Bloomberg) -- A US trading platform owned by crypto exchange Kraken has signed a $100 million private loan with a new Gulf investment firm, in another sign that Middle East financiers are looking past the regional conflict to press ahead with overseas investments.Most Read from BloombergRead the 14-Point Draft Memorandum Between the US and IranIran’s Deputy Foreign Minister Confirms Deal Reached With USNetanyahu Pays a Political Price for Trump’s Iran DealUS Set to Offer Iran Broad Financial Ga

(Bloomberg) -- Senator Elizabeth Warren introduced a bill requiring financial institutions to disclose their exposure to artificial intelligence companies, continuing her push for more scrutiny on the sector’s funding. Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Xbox Plans Significant Layoffs as New CEO Plans OverhaulUS Strikes Iran in Trump Escalation Over Stalled Peace TalksTech Stocks Sink as Oil Jumps on US-Iran Jitters: Markets WrapH-1B Visa Rules Ha

AirTrunk, founded by Australian billionaire Robin Khuda, is aiming to line up cornerstone investors ahead of the planned launch of its real-estate investment trust IPO in August.

Blackstone is attempting to offload more than $2bn of stakes it holds in private investment funds in one of the biggest deals of its kind, offering...

(Bloomberg) -- Private market dealmakers attending SuperReturn in Berlin this week are likely to be handed a short but sharp to-do list by their investors: give us our money back.Most Read from BloombergHouse Republican Says Hegseth’s D-Day Remarks ‘Inappropriate’Trump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryIsrael Strikes Iran After Missile Attack, Imperiling Trump TalksAI Trade Unwind Rocks Korean Traders L

(Bloomberg) -- Credit heavyweights like DoubleLine Capital LP and Oaktree Capital Management are buying debt now that can perform well if the artificial intelligence boom turns into a credit bust.Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX Inks $30 Billion Computing Power Deal With GoogleSpaceX, Other Mega IPOs D

Blackstone just made its biggest private equity bet ever in a key market. It blew past its $10 billion target. It also more than doubled the size of the prior fund, which raised roughly $6 billion. The fund was oversubscribed and hit its hard cap. For the world's largest alternative asset manager, ...

(Bloomberg) -- Apollo Global Management Inc. and Blackstone Inc. have finalized a $35 billion financing package for Anthropic PBC to expand its AI infrastructure, marking the latest mega-deal in the artificial intelligence race.Most Read from BloombergBecerra Advances for California Governor as Hilton Fights SteyerNasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets WrapSpaceX, Other Mega IPOs Denied Fast Index Entry by S&PSpaceX Inks $30 Billion Computing Power Deal With GoogleTrump Says

Under pressure from investors, lenders are increasing costs and curbing sweeteners they used to win loans in an era of ultra-competition.

(Bloomberg) -- A surge in electricity demand from artificial intelligence and data centers is reshaping North America’s power markets, creating a “renaissance” for natural gas after decades of limited new development, according to KKR & Co. partner Brandon Freiman.Most Read from BloombergGlazer Family Members Study Manchester United Stake SaleRepublican-Led House Votes to Stop Iran War, Rebuking TrumpTrump Begins Rebuilding His Tariff Wall, Citing Forced LaborBroadcom Slides by Most in More Than

Banks are opening a new balance-sheet escape valve, and investors are moving in fast. Significant risk transfers, or SRTs, have become one of the fastest-growing corners of credit markets, allowing lenders to shift credit risk from loan portfolios to outside investors while reducing the regulatory capital they need to hold. Banks had offloaded risk tied to more than 905 billion, or $1 trillion, of loans by the end of last year, up 26% from a year earlier, according to the International Association of Credit Portfolio Managers.

The fund capped client redemptions at 5%, an about face from Blackstone’s decision to pay out all requests earlier this year.

Investors in Blackstone’s flagship private-credit fund, known as Bcred, asked to redeem 10% of their shares in the second quarter, up from about 8% in the first quarter. Blackstone will limit redemptions from the $79 billion fund to 5%, reversing an earlier decision to pay the full amount requested. Blackstone shares are up about 1% premarket.

Private-credit woes are back in focus after a pair of l funds limited redemptions in the second quarter

Blackstone-backed Liftoff Mobile said on Wednesday it has raised $437 million in its U.S. initial public offering, as ‌a busy summer for listings gathers pace and encourages ‌more companies to test investor appetite. The Redwood City, California-based company sold 19 million shares ​and priced its offering at $23 per share, above targeted range of $20 to $22 apiece. The IPO valued it at $3.83 billion, according to outstanding shares disclosed in its IPO prospectus.