Blackstone Taps Ex-Lazard Top Dealmaker, Aims to Back More Banks

Published on June 16, 2025

Blackstone Inc. hired Joseph Cassanelli, a banker who drove major Wall Street deals, as the private equity firm prepares to invest more in banks and insurers.

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Margin Debt Jumps 8.3% in May

June 16, 2025
FINRA has released new data for margin debt, now available through May. The latest debt level is at $920.96 billion, up 8.3% from April. This marks the first monthly increase and highest debt level since January.

Meta Gets Out Its Checkbook to Catch Up in the AI Race

June 16, 2025
It sounded like something that should have come from the sports desk — a $14.3 billion transfer fee for a young up-and-coming prospect as Meta Platforms Inc. looks to rebuild its team for the tough season ahead.