Dow Jones Top Financial Services Headlines at 12 AM ET: The Faulty Logic Behind the SpaceX Index Trade | Charlie ...

Dow Jones
06/15

The Faulty Logic Behind the SpaceX Index Trade

There used to be a reliable additional bump from admission to indexes, but it has become less certain recently.

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Charlie Javice Has Been Seeking a Pardon From Trump After Defrauding JPMorgan

The entrepreneur sold her startup Frank to the bank for $175 million and was sentenced in September to over seven years in prison for fraud.

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BlackRock Private-Credit Fund Faces 13% Redemption Requests

Shareholders asked to redeem more than last quarter, though withdrawals will be capped at 5% again.

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JPMorgan Chase Has a Key Role for SpaceX's IPO: Party Host

Branded tomahawk steaks and "The Future is Public" cocktails will be served to guests.

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Bond Investor Ken Leech Pleads Guilty to Obstructing SEC Probe

Prosecutors accused the former chief investment officer of Western Asset Management of leading a cherry-picking fraud scheme.

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Forget 'Too Big to Fail.' How 'Community' Became the Most Controversial Word in Banking.

Regulators, lawmakers, and consumer groups are fighting over what it means to be a community bank. The debate has implications for lenders and borrowers everywhere.

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Money-Market Funds Are as Appealing as Ever. Just Don't Back Up the Truck.

Yields are stable, Fed interest-rate cuts are off the table, and increasing market volatility is adding to the allure of cash-like investments.

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Financial Services Roundup: Market Talk

Find insight on Lennar, SpaceX's IPO, cryptocurrencies and more in the latest Market Talks covering Financial Services.

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SEC Seeks to Scrap Best-Price Rule

The Securities and Exchange Commission said it wants to scrap a 2005 rule that calls for trading platforms to execute buy and sell orders at the best possible price.

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Bankrupt Auto Financier PrimaLend Sued for Lending Fraud

Lawsuit alleges the auto-dealership lender acted as a conflicted adviser to offload its risk in a troubled $46 million auto-loan portfolio.

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Charles Schwab Fires Latest Shot in ETF Fee War, Cutting Expenses to Near-Zero

The company's asset-management unit lowered costs for investors on four equity index funds.

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Accounting Firm Crowe to Sell Stake to KKR in Nearly $3 Billion Deal

The private-equity giant and co-investors would take a majority interest in a firm long resistant to outside ownership.

 

(END) Dow Jones Newswires

June 15, 2026 00:00 ET (04:00 GMT)

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