Wall Street’s New ‘Shadow Banks’ Are on a Tear. They Want Your Money.

A booming ‘private credit’ industry aims to include 401(k) investors; tariff-driven economic stress poses risks.

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Swiss Re Posts Profit Beat Despite Softer Revenue

The reinsurer reported a larger-than-expected increase in net profit as it absorbed the impact of the wildfires that ravaged California in January.

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Berkshire Sells Financial Stocks, Doubles Constellation Stake, Holds Steady on Apple

Warren Buffett’s conglomerate was a net seller of stocks in the first quarter.

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Powell Steers New Strategy for a World Where Very Low Rates Are No Sure Thing

Changes to the Federal Reserve’s rate-setting framework are unlikely to influence officials’ current decisions. But the expected changes acknowledge that the “lower-for-longer” interest-rate era may be over.

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Coinbase Says Cybercriminals Stole Customer Data, Sought Ransom

The cryptocurrency exchange estimated preliminary expenses of $180 million to $400 million for remediation costs and voluntary customer reimbursements.

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‘An Ethics Nightmare’: Trump’s Memecoin Dinner to Draw Crypto High Rollers

An eclectic group of crypto luminaries, MAGA fans and speculators bought enough $TRUMP to win entry to a May 22 gala.

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America’s Commercial Real-Estate Pain Tests Bank That Built Its Fortunes on Skyscrapers

Bank OZK wants to diversify after long defending ultrahigh concentrations of commercial real estate.

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Gold has a shot at more record highs, thanks to Trump’s preference for a weaker dollar

Like all relationships, gold’s connection to the U.S. dollar is complicated — but chances are that if President Donald Trump’s apparent desire to weaken the greenback comes to fruition, that could become a “strong tailwind” for the precious metal.

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Bags of Cash From Drug Cartels Flood Teller Windows at U.S. Banks

Chinese money-launderers allegedly made six-figure deposits at Chase, Bank of America and Citibank branches across Los Angeles County.

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Allianz Sticks to Guidance After Profit Misses Views on Higher Costs

Europe’s largest insurer by market capitalization said it was still on track to achieve its outlook for the year after first-quarter profit came in below market expectations.

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State Farm Allowed to Raise Home Insurance Rates in California 17%

California regulators granted emergency rate hikes Tuesday.

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Financial Services Roundup: Market Talk

Find insight on Canadian home prices, Barclays, Aviva, Allianz, Experian and more in the latest Market Talks covering Financial Services.

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Warren Buffett Reveals He Stepped Down After Finally Feeling His Age

The legendary investor, 94, opens up about his decision to hand the top job to Greg Abel.

(END) Dow Jones Newswires

May 16, 2025 07:00 ET (11:00 GMT)

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