Blackstone Credit & Insurance and ITE Management also launched a strategic forward flow partnership. Under this, BXCI will target providing ITE with up to $2 billion of capital for investments and financing over the initial phase of the partnership.
According to a CNBC report, JPMorgan analyst Stephen Tusa noted that the stock is trading below its HVAC peers and the sector. The analyst considers the stock the most attractive of the top three premium HVAC players on a relative basis.
KKR acquired a 65% majority stake in Seiyu from Walmart in 2021 and then bought an additional 20% stake from Rakuten in 2023, taking its total shareholding to 85%. The investments were made from the company’s Asian Fund IV.
The highlight was the 234% surge in cryptocurrency ADV. CME reported a record monthly Ether futures ADV of 15,000 contracts. Micro Ether futures ADV jumped 374% to 94,000 contracts, while Micro Bitcoin futures ADV rose 209% to 76,000 contracts.
Honeywell expects the deal to be immediately accretive to its sales growth, segment margin, and adjusted earnings per share in the first full year of ownership. The acquisition is expected to close in the second quarter of 2025.
According to a Bloomberg report, the error occurred after a staffer copied and pasted the account number into the field instead of the amount to be transferred.
S&P 500 index ETFs like the Vanguard’s VOO, Blackrock’s IVV, and State Street’s SPY suffered a big reversal this week, falling to the lowest level since January as concerns about tariffs and artificial intelligence rose.
Forecasts for the January Personal Consumption Expenditures Price Index report, scheduled for release on Friday, point to overall inflation remaining higher than the Federal Reserve prefers.
For 2026 and 2027, the company expects its organic sales growth to outperform macro while anticipating high single-digit earnings per share growth annually.
