Institutional Capital Flows: Blackstone Energy Fund, CoreWeave, Fifth Third Earnings
Blackstone closes $8.7B for its energy transition fund; CoreWeave is dubbed the market's 'beta barometer' by Goldman; Fifth Third misses revenue estimates but posts strong NII growth.
What we know
Blackstone hauled in $8.7B for its energy transition fund, a major institutional capital raise. Meanwhile, Goldman Sachs flagged CoreWeave (CRWV) as 'the market's beta barometer' with record tourist demand for its debt and Oracle CDS activity. On the earnings front, Fifth Third ($FITB) posted Q3 revenue of $3.28B, missing the $3.34B estimate, but Net Interest Income surged 49% YoY to $2.27B, with NIM expanding 21bps. Tesla's annual shareholder meeting is scheduled for December 3.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.