Private equity giant Blackstone is hoping to raise $5 billion to invest in life science ventures, according to a proposal the firm sent to the Teachers Retirement System of Louisiana that was seen by The Wall Street Journal.
Tag: U.S. economy
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GM PARKS ITS ROBOTAXI PROGRAM
After 10 years and $10 billion in costs, General Motors has abandoned its plan to create a self-driving taxi, saying the costs would continue mounting as competition becomes more intense.
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SPOTLIGHT ON TRUMP
Following Donald Trump’s presidential victory, from Wall Street to Main Street, the polls are showing that there are high expectations for a more positive economic future.
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HOME INSURANCE COSTS RISING OUT OF SIGHT
For many Americans, home insurance is becoming increasingly unaffordable.
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INVESTORS GO BIG IN BUILD-TO-RENT HOMES
With home prices hovering near record highs, mortgage interest rates stuck around 7 percent, and banks more cautious in lending, more people are renting their abodes.
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2024 U.S. HOME SALES FEWEST IN 29 YEARS
This year is on trend to see about four million U.S. homes sold, the fewest since 1995 when the country had 22 percent fewer people than now, the National Association of Realtors (NAR) reported.
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ECONOMIC UPDATE – MARKET OVERVIEW
So far, it is not a happy economic holiday season. Tis the season for the Plantation workers of Slavelandia to do their Christmas shopping, but while the Fed says inflation is going down, the reality is that prices keep going up... as we have detailed in previous Trends Journal issues.
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SPOTLIGHT: BIGS GETTING BIGGER
BlackRock, the world’s largest private equity firm, is complementing its hefty presence in public stock, bond, and commodity markets with additional moves into the private credit business.
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CARD SWIPE FEES ARE BLEEDING RETAILERS DRY
Every time a shopper swipes a plastic card or taps to pay, a retailer pays a fee to the card provider, the payment network, and often to companies such as Square that provide the swipe hardware.