Fed's Barr Says More Rate Hikes Likely Needed to Return Inflation to Target
Federal Reserve Gov. Michael Barr said the economy has experienced a series of shocks over the past year and a half that has contributed to upward price pressures.
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Paychex's Sales Growth Slows
The payroll and human-resources provider on posted a fiscal first-quarter profit of $429.7 million, or $1.21 a share, compared with $383.8 million, or $1.06 a share, a year earlier.
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Private-Credit Firms Are Buzzing About Getting In on JPMorgan's Card Empire
The bank has recently explored finding partners to underwrite rejected applications for its co-branded credit cards.
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Financial Services Roundup: Market Talk
Find insight on Standard Life, Bajaj Finance, Tata Capital and more in the latest Market Talks covering Financial Services.
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Meta's Muse Comes for Financial Stocks
The rapid adoption of the new artificial-intelligence agent threatens to disrupt wealth managers, brokerages and insurers.
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Swiss Parliament's Upper House Backs Plan to Ease Capital Demands on UBS
The upper house of Swiss parliament backed a proposal to ease new capital demands on the group, while rejecting a stricter requirement in a bill put forward by the country's government.
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$5 Billion Flurry of Nearly Identical Kalshi Trades Draws Scrutiny
The rapid trades-all at nearly $5,500-occurred in a single Kalshi market. The prediction market says the trades represent normal activity.
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SoFi Becomes First U.S. Bank to Settle Card Payments on Stablecoin
The program will process more than $25 billion in transactions annually, SoFi said.
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Silver Lake Takes On Carl Icahn and the Merger Arbitrage World in Endeavor Fight
The private-equity firm is asking a judge to declare that Icahn and others illegally colluded to fight the $13 billion acquisition.
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Qatar Investment Authority, JPMorgan Announce $20 Billion Partnership
JPMorgan Asset Management will oversee a customized portfolio of $15 billion invested across public equities.
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Priority Technology CEO to Take Firm Private in $1.6 Billion Deal
The payment-technology company agreed to be taken private by an investor group led by its chair and chief executive, Thomas Priore, in a deal with an enterprise value of around $1.6 billion.
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Perpetual Rejects EQT AB's Improved Offer, Ends Takeover Talks
EQT AB's pursuit of Perpetual looks over after the Australian investment manager rejected its US$2.6 billion takeover proposal and said it had stopped engaging with the Swedish private-equity provider.
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Societe Generale Shares Climb After Bank Raises Profitability Target
Shares rose 4%, taking the stock's year-to-date gain to nearly 10%, after the bank said it is cutting costs and growing revenue to boost profitability through the end of the decade, including widening its use of AI.