Tag: Blackstone

Blackstone CEO Schwarzman says investors can buy both pricey tech and cheap stocks that haven’t yet rebounded

FILE PHOTO: 2019 World Economic Forum (WEF) annual meeting in Davos

  • Blackstone CEO Stephen Schwarzman said investors can buy both expensive technology companies right now and companies that have not yet rebounded. 
  • “Not all companies have recovered their valuations,” the billionaire co-founder said. “So it gives you a chance to play some technology things … and it also is possible to buy some other companies that haven’t yet rebounded to the same degree.” 
  • Schwarzman said that the rapidly growing “digital revolution” will continue to support technology companies.

Blackstone CEO Stephen Schwarzman said both expensive technology companies and companies that have not yet rebounded are attractive investments in a panel at the CNBC Institutional Investor Delivering Alpha Conference on Wednesday.

The billionaire co-founder said that while a lot of technology stocks are trading at “very high valuations,” they can still be good investments because the world is rapidly becoming

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Blackstone Predicts a Trump-Biden Tie on Nov. 3: Campaign Update

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Blackstone Predicts a Trump-Biden Electoral College Tie

Blackstone Inc.’s global head of government affairs is predicting that Trump and Democratic nominee Joe Biden will end up with an Electoral College tie of 269-269, according to a person briefed on his comments on a call this week.

Wayne Berman, who served as assistant Commerce secretary under President George H.W. Bush, also highlighted the key battleground states of Pennsylvania and Arizona, where Biden has a small lead, as states to watch.

In the event of a tie, the 2020 presidency would be decided by the House but given the conflicts over mail-in ballots, it’s also likely to end up in court.

A Biden win would be bad for Wall Street, said Berman,

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