Blackstone is set to report Q3 2026 earnings on October 22, with consensus estimates projecting a 13.8% earnings decline and only 1.9% revenue growth. While total AUM is expected to grow 11.1% to $1.38 trillion, the company faces headwinds from subdued deal-exit profits, rising expenses, and weaker realized performance revenues. The stock has underperformed peers, declining 12.5% in Q3.

ATLAS SP Partners, majority owned by Apollo funds, announced the pricing of $750 million in 6.250% fixed-to-floating rate senior notes due 2032 through its subsidiary Atlas Warehouse Lending Company. The notes will convert to a floating rate based on SOFR plus 2.534% spread after November 2031. Proceeds will fund assets, pay fees, and support general corporate purposes including potential debt repayment. The offering is expected to close on October 21, 2026.

Franklin Templeton's assets under management fell 1.9% sequentially to $1.79 trillion as of September 30, 2026, due to market volatility affecting equity and fixed-income portfolios. However, the company generated $6 billion in long-term net inflows and its alternatives business grew to $303 billion, demonstrating resilience. Strategic acquisitions in private credit and digital assets, including the launch of Franklin Crypto, position the company for long-term growth despite near-term headwinds from private credit concerns.

Franklin Templeton achieved record assets under management of $1.79 trillion in Q3 fiscal 2026, with $18.4 billion in long-term net inflows and 13.7% growth in investment management fees. The company is expanding its alternatives business and plans to acquire a majority stake in Stoneshield Capital to add $9 billion in AUM and strengthen European real estate and infrastructure capabilities.

Ameriprise Financial authorized an additional $5.5 billion for share repurchases through September 2028, supported by strong excess capital and free cash flow generation. The company returned $1.9 billion to shareholders in H1 2026 and has returned approximately $25 billion over the past decade. However, competing capital investments in technology, AI, and business expansion raise questions about long-term sustainability of the buyback program.

Apollo Global Management announced that CEO Marc Rowan will participate in a fireside chat at the Bank of America 31st Annual Financials CEO Conference on September 23, 2026. The event will be webcast live on Apollo's Investor Relations website with a replay available afterward.

ONEOK is acquiring Brazos Midstream's Permian Midland assets for $4.4 billion, funded through a $9 billion minority equity investment from Apollo. The deal will double ONEOK's processing capacity in the Midland Basin, enable $5 billion in debt repayment, and position the company to accelerate dividend growth while maintaining its 30+ year dividend stability record.

Nvidia surged 7% after delivering blockbuster Q2 earnings with $96.22B revenue (106% YoY growth) and raising FY28 guidance to ~70% growth. The Vera Rubin platform is ramping ahead of schedule with orders from all major hyperscalers. However, gross margins are expected to compress from 75% to 71-72% due to rising memory costs, and the company's massive capital commitments warrant monitoring.

Nvidia has partnered with six major financial institutions (BlackRock, Blackstone, KKR, Apollo Global Management, Brookfield, and Goldman Sachs) to create a $500 billion AI infrastructure financing plan. The deal aims to securitize AI compute assets and diversify Nvidia's customer base beyond hyperscalers. While the plan resembles financial engineering that could amplify an AI slowdown, it positions Nvidia as a critical ecosystem provider and enables recurring revenue streams through inferencing-as-a-service.

Bank of America downgraded Broadcom's debt over concerns about a new $370 billion AI financing platform the company created with Apollo Global Management and Blackstone. However, the $370 billion represents a modeled ceiling on future hypothetical deals, not actual debt. Broadcom has currently committed only $29 billion on the first transaction, with potential losses capped at that amount. The company's strong earnings growth (88% YoY) provides cushion against downside risks.

CoreWeave's business model challenges the bear case that older GPUs become obsolete quickly. The company secured a multi-year renewal on 2020-era Nvidia A100 chips extending through 2029, demonstrating that older hardware can generate profitable revenue in subsequent contracts after initial debt is paid down. Debt markets are increasingly pricing in this residual value, with CoreWeave's new $2.6 billion facility having a longer maturity than underlying customer contracts, signaling lender confidence in GPU longevity.

Intel completed a $20-23 billion equity offering to fund semiconductor fab expansion and potentially acquire stakes from partners like Brookfield Infrastructure. The capital raise signals accelerated AI demand and successful foundry operations, with potential shareholder benefits if Intel buys out existing partners' stakes in its fabs.