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Blackstone Earnings Sink as Private-Equity Portfolio Takes Hit

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Blackstone’s net income plummeted in the third quarter as the value of its private-equity portfolio fell

Blackstone Inc.’s net income plummeted in the third quarter as the value of its private-equity portfolio declined.

The New York investment firm reported net income of $2.3 million, or less than 1 cent a share, compared with a profit of $1.4 billion, or $1.94 a share, during the same period last year.

 

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Along with everyone else! Leadership is lacking. Energy policy is causing wars and global inflation. Blackrock itself gives credence to Trump's calls for returning to a more protectionist foreign policy that relies on the domestic production of essentials.

By their exposure to China?

Well deserved for pushing ESG nonsense and not investing in reliable energy

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