Blackstone is an American alternative asset manager with significant interests in rental housing. In recent years, the company spent billions acquiring brands such as Tricon Residential, American Campus Communities and AIR Communities. Blackstone’s rental housing portfolio contains apartment complexes, student housing, mobile home parks, and single-family rental properties. Many of their U.S. assets are concentrated…
Hello, this is Spriha Srivastava, CNBC International’s executive editor, writing from London. This week, I look into Elon Musk’s relationship with India, why it’s finally moving from talk to action, and what’s really at stake. This report is from this week’s CNBC’s “Inside India” newsletter. Like what you see? You can subscribe here. The big story…
TOPSHOT – China’s Premier Li Qiang delivers his speech during the ASEAN – Gulf Cooperation Council (GCC) – China Economic Forum official dinner after the 46th Association of Southeast Asian Nations (ASEAN) Summit in Kuala Lumpur on May 27, 2025. Vincent Thian | Afp | Getty Images Chinese Premier Li Qiang has called for tighter…
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Opposition to xAI’s supercomputer facility in Memphis, Tennessee, intensified on Wednesday after environmental and civil rights groups filed to appeal a permit that allows the company to…
Construction has started on an $8 billion “ultra luxurious” integrated resort in Singapore that will expand the city-state’s Marina Bay Sands integrated resort and Las Vegas Sands’ presence in Asia. Singapore’s Prime Minister Lawrence Wong and Las Vegas Sands co-founder Miriam Adelson attended a ground-breaking ceremony Tuesday, where it was revealed that the development will…
Nvidia CEO Jensen Huang has already ascended to rockstar status within the tech community. Now, after securing Washington’s approval to restart AI chip sales in China, Nvidia investors are wondering: Is there anything he can’t do? “Jensen is a salesman, as well as a statesman, as well as an architect, as well as an engineer,…
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CNBC’s Jim Cramer reviewed Wednesday’s market action and told investors that he thinks removing Federal Reserve Chair Jerome Powell would not be a wise move from President Donald Trump. “I hope today is the last day that Trump goes after Jay Powell, whose term ends in ten months anyway,” he said. “Gunning for Powell will…
Cars are parked outside a Walmart store in Oceanside, California, on May 15, 2025. Mike Blake | Reuters Walmart is cutting hundreds of store-support roles, in its latest move to simply its structure, Bloomberg News reported on Wednesday, citing a memo. The U.S. retail bellwether is eliminating the market coordinator job that supports some managers, the…
Dominika Zarzycka | Nurphoto | Getty Images Coinbase unveiled Wednesday an “everything app” designed to bring more people into the crypto economy. The “Base App,” which replaces Coinbase Wallet, will combine wallet, trading and payment functions as well as social media, messaging and support for mini apps – all running on the company’s homegrown public…
