Blackstone Inc. Creates N1 AI Unit Around OpenAI, Anthropic Bets as Credit Fund Faces Pressure

Blackstone Inc. is launching Blackstone N1, a new San Francisco-based division aimed at consolidating its artificial-intelligence and high-growth tech investments—a sharper AI push for the New York asset manager as money continues pouring into data centers, power, and software platforms. The group will draw from Blackstone’s growth, hybrid, and perpetual private equity strategies, folding in stakes linked to OpenAI and Anthropic, per an internal memo cited by WSJ Pro Private Equity.

Blackstone Just Put $16 Billion Behind Oracle’s AI Buildout. The Hard Part Comes Next

Blackstone Just Put $16 Billion Behind Oracle’s AI Buildout. The Hard Part Comes Next

Blackstone Inc. and Related Digital have locked down financing for the $16 billion Oracle data center campus planned for Saline Township, Michigan, bringing new private capital to one of the largest U.S. AI infrastructure builds. According to the companies, the financing structure pulls in equity from Related Digital and Blackstone-linked funds, with fixed-rate, long-term debt provided by funds and accounts overseen by PIMCO.
Bank of America’s $16 Billion Oracle AI Data Center Deal Puts Wall Street’s AI Bet Under a Harsh Light

Bank of America’s $16 Billion Oracle AI Data Center Deal Puts Wall Street’s AI Bet Under a Harsh Light

Bank of America Corporation is leading the $16 billion financing package for a Michigan data center campus—an Oracle-backed project from Related Digital—handing the U.S. bank a major role as AI infrastructure spending accelerates. Related Digital, along with Blackstone, confirmed the deal for the Saline Township development. Bank of America steps in as both structuring agent and financial advisor.
Blackstone Names Tommy Fleetwood First Global Brand Ambassador as Wealth Management Push Heats Up

Blackstone Names Tommy Fleetwood First Global Brand Ambassador as Wealth Management Push Heats Up

Blackstone tapped Tommy Fleetwood, ranked No. 4 in the world, as its inaugural global brand ambassador Tuesday, striking a deal that aligns the $1.3 trillion asset manager with the high-profile golfer in its bid to attract more wealthy individual investors. President Jon Gray called Fleetwood a model of “disciplined performance, fierce determination, and high ethical standards.” For Fleetwood, it’s about “consistency” and “trust.”
Dow Jones Today: Fed Looms as Oil Shock Keeps Wall Street on Edge

Dow Jones Today: Fed Looms as Oil Shock Keeps Wall Street on Edge

On Tuesday, the Dow Jones Industrial Average pushed higher, staying north of 47,000 as traders watched for the Federal Reserve’s policy announcement and shrugged off another jump in oil prices linked to the Middle East conflict. The index added 125.40 points, or 0.27%, to finish at 47,071.81 based on delayed Reuters/LSEG figures. The S&P 500 moved up 0.36%, and the Nasdaq tacked on 0.41%.
Dow Jones Today: Index Falls 550 Points as Oil Tops $100, Credit Worries Jolt Wall Street

Dow Jones Today: Index Falls 550 Points as Oil Tops $100, Credit Worries Jolt Wall Street

Thursday saw the Dow Jones Industrial Average drop over 550 points, extending the 30-stock index’s slide below last month’s 50,000 mark as oil sprinted toward $100 a barrel and new strains rattled private credit markets. At 11:53 a.m. ET, the Dow was down 553.49 points, or 1.17%, at 46,861.34. Tanker attacks off Iraq and Iran’s push to keep the Strait of Hormuz shut hit risk appetite.
Goldman Sachs Pitches Hedge Funds New Swap Trade to Bet Against Software Loans Amid AI Fears

Goldman Sachs Pitches Hedge Funds New Swap Trade to Bet Against Software Loans Amid AI Fears

Goldman Sachs is offering hedge funds a way to go long or short on corporate loans, according to a person familiar with the matter who spoke to Reuters. The new angle: a total return swap—this derivative lets investors bet on a loan’s price swings without actually holding the debt. No trades have gone through yet. AI-related jitters are filtering into credit, with software-sector loans on the radar. Goldman said it partners with clients on trading ideas across asset classes, regardless of market backdrop.
BlackRock Fund Curbs Rattle Banks and Property Trades as Standard Motor Products Draws Bottom-Fishing Calls

BlackRock Fund Curbs Rattle Banks and Property Trades as Standard Motor Products Draws Bottom-Fishing Calls

BlackRock’s move to limit withdrawals from its $26 billion private-credit fund kept pressure on banks and property-related trades Monday, though a late-session comeback lifted Wall Street. Sentiment was also rattled by new trouble at bankrupt auto-parts supplier First Brands and the fallout from failed UK mortgage lender Market Financial Solutions.

US Stock Market Today Updates

MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

View full calendar
Times and estimates may change. Verify before trading.