Diamonds and Dogs
Blackstone (BX) having a good day. The asset management firm is up 4% to new highs following strong earnings. Blackstone beat estimates as sales rose 90.3% to $2.12 billion. The company reported a record $684 billion in total assets under management, a 21% increase year over year.
Didi Global (DIDI) taking a hit again. The Chinese ride-hailing giant is down 8% as Chinese regulators are considering serious, perhaps unprecedented, penalties for Didi Global Inc. after its controversial initial public offering last month. The Chinese government is also upset at the World Health Organization (WHO) for requesting a second probe into the origin of the COVID-19 virus. If they told us where it originated, then we wouldn't have to conduct a probe.
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