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Blackstone's first-quarter earnings plunge on real estate slowdownBlackstone Inc , the biggest manager of assets such as private equity and real estate, said on Thursday its first-quarter distributable earnings fell 36% year-on-year, as a weak property market stopped it from cashing out on some holdings. There’s no slowdown. It’s greed. COVID-19 pandemic — has also prevented Blackstone from selling assets for top dollar in many of its real estate funds. Lolololololololol
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LIVE STOCK MARKET UPDATES: SpaceX launch, Blackstone earnings, mortgage ratesInitial jobless claims and earnings from Alaska Air Group are also on the docket. American Express will also report earnings. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
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