Panelists at the Semafor World Economy conference said artificial intelligence can supplement the work that’s already done, improving its quantity and quality.

CNBC’s Robert Frank reports the latest on Blackstone.

A prolonged blockage of the Strait of Hormuz for the next six to 12 months will mean an unavoidable recession, the billionaire investor said.

Joan Solotar, global head of Blackstone Private Wealth, said the capital flight from private credit isn’t justified by the likely returns and potential losses.

The latest Global Fund Manager Survey from Bank of America shows sentiment fell to its most bearish reading since June 2025.

The producer price index was expected to increase 1.1% in March, according to the Dow Jones consensus estimate.

Bessent has previously said the Fed should hasten cutting interest rates, calling reductions “the only ingredient missing” for stronger economic growth.

CNBC Wealth Editor Robert Frank speaks exclusively with Blackstone Private Wealth’s global head Joan Solotar about private credit concerns and Blackstone’s growth and market opportunities.

Citigroup reported its best quarterly revenue in a decade and a 56% year-over-year jump in earnings per share. 

JPMorgan CEO Jamie Dimon called the economy resilient, but pointed to an “increasingly complex set of risks” across global markets.