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BX

EQR

LBO

PSP

Blackstone Inc. (NYSE:BX) has sold an apartment portfolio worth $964 million to Equity Residential (NYSE:EQR). The portfolio includes properties in Atlanta, Dallas/Ft. Worth, and Denver. The transaction is expected to close in Q3 2024. Additionally, Blackstone has agreed to a majority investment in Westwood Professional Services, Inc. Investors can gain exposure to BX stock via EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO) and Invesco Global Listed Private Equity ETF (NYSE:PSP).

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 4:12 pm

BTCUSD

Pseudonymous crypto trader Tim shared his portfolio management strategies, emphasizing a balanced outlook and a calm mindset. He has sold 50% of his Bitcoin holdings and is awaiting key market signals before making further moves. Tim's strategy hinges on Bitcoin's performance against its all-time high and support levels. He aims to sit out market volatility and geopolitical uncertainties before reinvesting.

Portfolio Pulse from Khyathi Dalal

August 07, 2024 | 3:46 pm

ARES

H

Ares Management Corporation (ARES) is nearing a $1 billion deal to acquire the Hyatt Regency Orlando, according to Bloomberg. This acquisition could significantly impact Ares' portfolio and the hospitality sector.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 3:12 pm

SPY

USO

The latest report shows that USA gasoline inventories have increased by 1.340 million barrels, contrary to the expected draw of 1.900 million barrels. This follows a previous draw of 3.665 million barrels.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 2:30 pm

ETHUSD

Jump Trading has sold over 36,000 ETH and plans to sell more, contributing to Ethereum's price decline. Other market makers like Wintermute and Flow Traders are also selling significant amounts of ETH. Despite this, some analysts remain optimistic about Ethereum's future due to high demand for ETH ETFs.

Portfolio Pulse from Murtuza Merchant

August 07, 2024 | 2:14 pm

DIS

Disney has disclosed a $1.5 billion stake in Epic Games, revealing approximately 8% ownership in a recent regulatory filing.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:52 pm

DIS

Walt Disney shares are trading lower after the company announced it may need to pay $5 billion more for the Hulu stake. The stock initially traded higher after the company reported Q2 financial results, but it has since reversed.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:28 pm

DIS

Disney announced that it may need to pay an additional $5 billion to acquire a larger stake in Hulu. This information was disclosed during a conference call.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:16 pm

BX

EQR

Equity Residential is set to acquire 11 apartment properties from Blackstone for $964 million. The transactions are expected to close in Q3 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 1:05 pm

ADV

Advantage Solutions has announced a three-year IT transformation plan with capital expenditures estimated between $140 million and $150 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 12:36 pm