infrastructure

Shares of Blackstone Group LP (NYSE: BX) gained more than 6 percent on Monday and hit a new 52-week high of $32.10 after the company successfully raised $20 billion for an infrastructure fund. The government of Saudi Arabia pledged $20 billion to Blackstone's newly created infrastructure investment...

Commenting on Saudi Arabia's investment in an infrastructure floated by Blackstone Group LP (NYSE: BX), Citi said in a note that the impressive infrastructure initiative alters the narrative. Accordingly, the firm upgraded shares of Blackstone. The News Blackstone announced on May 20 it has...

President Donald Trump's proposed infrastructure spending plan is more likely than not to see the light of day, at least according to notable fund manager Mario Gabelli. Speaking as a guest on CNBC's "Squawk Box" segment Friday, Gabelli said it is a no-brainer airports, roads, bridges, inland...

A drone followed Maurice Cox on a recent weekday as he pedaled from his home in Detroit’s Lafayette Park neighborhood to his job downtown. The resulting video, which shows Cox biking city streets and the Dequindre Cut Greenway, could be from a lifestyle ad. But what it shows is the daily...

President Donald Trump's proposed 2018 Federal Budget has allocated $2.6 billion for a border wall on the southern border. But is there better use for this money? According to Statista, the same $2.6 billion could support 131,255 veteran caregivers for one year at a cost of $19,809 per year....

John Eade of Argus upgraded shares of Fastenal Company (NASDAQ: FAST) from Hold to Buy with a $54 price target after patiently waiting on the sidelines for a good entry point. Eade commented in a research report Tuesday that Fastenal's first-quarter earnings report and its subsequent 10-percent...

The VanEck Vectors Steel ETF (NYSE: SLX) was one of the premier “Trump trades,” soaring last year as Donald Trump's protectionist campaign trail rhetoric sparked once moribund steel stocks. Year-to-date, SLX is up 5.6 percent, but there are concerns Trump trades are waning....

Despite being struck with a major defeat in healthcare, President Donald Trump remains dedicated toward overseeing a major infrastructure initiative as soon as this year. As such, investors are looking to capitalize on companies that will benefit from what could be an injection of $1 trillion in...

Details of President Donald Trump's infrastructure plan are expected to be released this year, which makes the topic an area of great interest to investors. Jacqueline Hinman, the CEO of CH2M, an engineering and consulting firm, was a guest on CNBC's "Squawk Box" segment Friday to offer her expert...

Dating back to last year's U.S. presidential election campaign trail, investors have been hearing a lot about infrastructure and the related investments. That theme, while still potentially potent, has been dealt a blow this year as the Trump administration has indicated 2018 will be the year...

Richard LeFrak is the co-chair and advisor to President Donald Trump's infrastructure council. On Friday he was a guest on CNBC's "Squawk Box" segment to talk about the need for infrastructure work to be done and why he admires Tesla Inc (NASDAQ: TSLA)'s CEO Elon Musk. LeFrak, a billionaire and New...

One issue, and an overlooked one at that, new exchange-traded funds face is timing. As in, sometimes a new ETF comes to market with a valid concept but in the months immediately following its debut, the climate just is not right for that investment thesis. While investors will ultimately decide its...

Dating back to last year, infrastructure-related investments have been bid up on expectations that infrastructure spending is slated to increase in significant fashion. President Donald Trump's infrastructure efforts, which by some accounts will not begin in earnest until next year, are...

Benzinga had the opportunity to chat with CONSOL Energy Inc. (NYSE: CNX)'s chief financial officer Dave Khani and director of communications Brian Aiello. Q4 In Review Consol Energy reported its fourth-quarter results on Monday. The company reported a loss of $1.33 per share in the...