Dow Jones Top Financial Services Headlines at 12 AM ET: The Fate of a Little-Known Company Behind Goldman's Apple Card Is in Limbo | Berkshire's ...

Dow Jones
2025/08/04

The Fate of a Little-Known Company Behind Goldman's Apple Card Is in Limbo

CoreCard, led by Leland Strange, has been caught up in Goldman Sachs's failed consumer experiment.

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Berkshire's Quarterly Earnings Drop on Insurance Results, Currency Moves

Warren Buffett's conglomerate continued to stockpile cash and refrain from buybacks during the market's climb to records and was a net seller of stocks.

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AI Is Coming for the Consultants. Inside McKinsey, 'This Is Existential.'

If AI can analyze information, crunch data and deliver a slick PowerPoint deck within seconds, how does the biggest name in consulting stay relevant?

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Fed Governor Adriana Kugler Resigns, Giving Trump an Opening to Reshape the Fed

She was appointed by then President Joe Biden.

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Cooling Job Market Opens Door to September Cut Despite Inflation Jitters

A key question for the Fed will be whether the economy is weakening or whether a recent slowdown in job growth reflects temporary factors.

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Perella Weinberg Strikes Deal for Advisory Firm Specializing in Red-Hot Market

The boutique investment bank is buying Devon Park Advisors, a big player in continuation-fund deals.

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Why the Latest Meme Stock Craze Won't Take Down the Overall Market

Krispy Kreme, Opendoor, Rocket and Kohl's are merely the public face of a summer boom in bets by private traders.

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Berkshire Stock Sees Weird Trading. The A Shares Pop While B Shares Dip.

It is unclear what caused the late-day buying in the A shares, but it looks like it will reverse Friday.

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Wells Fargo to Name CEO Charlie Scharf Chairman

The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Financial Services Roundup: Market Talk

Find insight on the Erste Group Bank, AIB Group and more in the latest Market Talks covering Financial Services.

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Geico, Berkshire Hathaway's Car Insurer, Is on Recovery Road

Warren Buffett's 'first business love' needed some TLC, and tech and analytics investments have paid off. But Progressive still has the lead.

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AXA Shares Slide After Currency Fluctuations Bite

The insurer reported net profit of €3.92 billion for the first half of 2025, a 2% dip on the same period last year.

 

(END) Dow Jones Newswires

August 04, 2025 00:00 ET (04:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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