Stephen Schwarzman, founder and CEO of the giant U.S. private-equity firm Blackstone, was already one of the world's richest men. But after an announcement that the partnership will convert to a stock corporation sparked the biggest one-day rally in its publicly traded units, Schwarzman is immediately $573 million richer on paper.
Where are you putting your PINS in this market? Jim Cramer is breaking down the latest Wall Street action live.
The current picture of mixed action for a market still very close to its all-time highs is something to watch.
An accounting change expands gross margins, which Cowen says investors aren't appreciating.
CGC has the best chance to transition to broader success should the U.S. ever go the route of legalization beyond the state level.
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