Blackstone Plans $500 Billion Europe Investment, Schwarzman Says

Blackstone Inc. is planning to invest as much as $500 billion in Europe over the next 10 years, Chief Executive Officer Steve Schwarzman said in an interview to mark the 25th anniversary of the alternative asset manager's operations in London.
'We see it as a major opportunity for us,' Schwarzman said in a Bloomberg Television interview on Tuesday. 'They are starting to change their approach here, which we think will result in higher growth rates. So this has worked out amazingly well for us.'

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Liverpool target Marc Guéhi prepared to see out final year of Crystal Palace contract

Marc Guéhi will not be rushed into a decision on his future and is prepared to see out the final year of his contract at Crystal Palace if the right move does not materialise this summer. Palace are looking to cash in on the England defender, who is a target for Liverpool, Newcastle and Tottenham, but there is a possibility of the club losing one of their biggest assets on a free transfer next year. Guéhi, who has no intention of signing an extension, remains open-minded about his next destination and a big consideration for the 24-year-old is making sure he has plenty of playing time next season. Advertisement Related: Men's transfer window summer 2025: all deals from Europe's top five leagues The former Chelsea centre-back, who played an integral role in Palace winning the FA Cup, needs to safeguard his place in the England squad before the 2026 World Cup. That means there is an obvious benefit in joining a club who can offer Guéhi a quick route into their starting XI. Liverpool have emerged as strong contenders to sign Guéhi and could bid for him once they sell Jarell Quansah to Bayer Leverkusen for £30m. A potential stumbling block, however, is that Liverpool still have the outstanding duo of Virgil van Dijk and Ibrahima Konaté as their first-choice pairing in central defence. Van Dijk, 33, has extended his contract with the Premier League champions and is showing no sign of slowing down. The sale of Quansah will leave Liverpool short of defensive cover. The 22-year-old centre-back made 25 appearances for Arne Slot's last season and can also play at right-back. Konaté is entering the final year of his deal and has struggled with injuries at times. Joe Gomez, another of Liverpool's defensive options, has been out since February with a hamstring injury. Advertisement Guéhi will face a big decision if Liverpool follow up their interest in him by offering enough for Palace to sell. A chance to join the best team in England and work with Slot would be hard to turn down. At the same time there are indications that clubs who can immediately guarantee him regular football retain a good chance of signing him. Newcastle tried to buy Guéhi last summer, only to be put off by Palace's asking price of around £70m, and they remain in the mix after qualifying for the Champions League. Their current options at centre-back include three players in their 30s – Dan Burn, Fabian Schär and Jamaal Lascelles – and the 25-year-old Sven Botman, who missed much of last season through injury. Spurs will also be in the market for a new defensive partner for Micky van de Ven if they sell Cristian Romero, who has been targeted by Atlético Madrid. Spurs, who have qualified for the Champions League, had an offer of £55m plus £15m in add-ons rejected in January. There seems little prospect of Chelsea following up preliminary interest in Guéhi. Guéhi staying at Palace for another year before leaving for nothing has not been ruled out. He can speak to foreign clubs about signing a pre-contract from January. For Palace, there is a question of making sure their demands remain realistic this summer. Interested clubs are unlikely to want to overpay for a player who is entering the final year of his contract.

Forbes

an hour ago

• Forbes

Social Media Hotbed For Investment Scams, Romance Scams And More

AFP via Getty Images According to the Federal Trade Commission (FTC) more scams in the United States are started on social media than anywhere else at a cost of 1.9 billion dollars in 2024 and that figure is probably low because many victims, often out of embarrassment, do not report being victimized. A study done by the Fin Tech company Revolut found that 60% of all scams in the UK originated on the Meta platforms Facebook, Instagram and WhatsApp with investment scams being the most common form of scam. Woody Malouf, Revolut's head of financial crime section said that Meta's platforms were 'being used as a hotbed for scams.' The most common types of scams originating on social media are online shopping scams, investment scams and romance scams which are often based on our trusting the people we encounter as friends on social media. Remember my motto, "trust me, you can't trust anyone." Frequently, social media accounts are hacked or cloned and the scammers, posing as your friends, leverage the trust that you have in your friends to lure you into phony investments, phony sales and romances. Further, even if a communication on social media comes from a real friend, that friend may be forwarding scams that they have been fooled into thinking are legitimate. Scammers use AI to harvest information about you that you post on social media to learn about your identity and interests and use that information to target you with a wide variety of scams. According to an investigation done by the Wall Street Journal, Meta with its 3 billion users is increasingly a cornerstone of the internet fraud economy. Meta accounted for almost half of all reported scams on Zelle for JPMorgan Chase between the summers of 2023 and 2024. The Wall Street Journal investigation noted that Meta's advertising revenues increased by 22% in 2024 to more than $160 billion and the company has been hesitant to add scam prevention measures for its ad-buying clients. The investigation referred to internal documents at Meta showed the company allowed advertisers to accrue between 8 and 32 automated 'strikes' for financial fraud before it banned their accounts. Making the matter worse, Meta's advertising algorithms and tools enable scammers placing paid for ads on Meta's platforms to specifically target their victims, such as older users with health scams, men between the ages of 25 and 45 with investment scams particularly those involving cryptocurrencies, and fans of celebrities with AI deepfake celebrity endorsement scams. For example, AI deepfake technology has been used to make it appear that Warren Buffet, Elon Musk, Andrew Sorkin and other public figures were promoting phony investments. Recently, 42 state attorneys general sent a letter to Meta urging it to take stronger action to reduce investment scam advertising appearing on Meta's platforms The attorneys generals recommended that Meta improve its ad review process and even stop taking investment advertising until better protections were in place. While Meta says it is taking actions to reduce fraud, its actions speak louder than its words. According to the WSJ investigation, Meta deprioritized scam enforcement and abandoned plans for advertiser verification requirements similar to what it mandates for political ads. Meta has further taken the position in Motions to Dismiss in various cases that Section 230 of the Communications Decency Act of 1996 provides that it has no duty to take any actions to reduce fraudulent advertisements placed by third parties on its platforms and cannot be held responsible for advertising placed by third parties on its platforms. This argument has been unsuccessful, most recently in a Motion to Dismiss a lawsuit brought by Australian billionaire Andrew Forrest who sued Meta following its failure to remove fraudulent investment ads using his image and AI cloned voice. Meanwhile, here are some things you can do to protect yourself from becoming a victim of a social media scam: Don't accept friend requests from everyone who asks to be your friend on social media and don't trust communications on social media merely because they appear to come from your friends. Recognize that personal information you post on social media can be harvested to target you for scams based on your interests. Use your privacy settings to limit who can see the information you post on social media. Remember it is good rule to never click on links that may appear on social media, text messages or emails unless you have absolutely confirmed that they are legitimate. Never invest in anything you do not fully understand and never invest unless you have vetted both the investment itself and the person or company offering it. Finally, B.S. Be skeptical whenever an offer of anything too good to be true appears on your social media.

Yahoo

an hour ago

• Yahoo

Henderson Land upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley upgraded Henderson Land (HLDCY) to Overweight from Equal Weight with a price target of HK$31, up from HK$26.50, as the firm refreshed its ratings and preferences among its Hong Kong property coverage. Hong Kong property prices are down 30% since their peak five years ago and the firm sees several drivers pointing towards a bottoming, says the analyst, who argues investors 'could benefit from a long steady cycle ahead.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Disclaimer & DisclosureReport an Issue Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data