Dow Jones Top Financial Services Headlines at 4 PM ET: H&R Block Stock Slides Ahead of Earnings After CEO Announces Retirement | Trump ...

Dow Jones
2025/08/13

H&R Block Stock Slides Ahead of Earnings After CEO Announces Retirement

The company's longtime CEO Jeff Jones announced his retirement on Monday.

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Trump Calls on Goldman to Replace Economist Over Tariff Stance

The bank's economists had predicted tariffs could cause inflation and slow economic growth.

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Investors bid up for Bullish's IPO as the CoinDesk parent gets set to go public

Bullish is set to go public on Wednesday, and is expected to be valued at up to $5 billion.

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Why these two Fed officials are cool to the idea of a September rate cut

Overall, investors see a September rate cut as likely after the latest CPI report, and the Trump administration argues that the data show tariffs are not boosting inflation as feared.

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Crypto Entrepreneur Do Kwon Pleads Guilty to Fraud Charges Stemming From Crypto Crash

Kwon pleaded guilty to two criminal counts of fraud in connection with the $40 billion crash of his TerraUSD and Luna coins in 2022. He faces as many as 25 years in prison.

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Pacific Avenue Raises $1.65 Billion for Corporate Carve-Outs

The private-equity firm closed its latest main fund with triple the amount collected for a predecessor pool.

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Norway Oil Fund Grows in First Half on Equity-Market Strength

The sovereign-wealth fund returned 5.7% in the first half, driven by strong stock-market performance, particularly in the financial sector.

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Hannover Re Sticks to Guidance After Profit Rises

The reinsurer confirmed its outlook for the year after second-quarter net profit rose on a moderate level of claims.

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Crypto Firm Circle Posts Loss in First Earnings Report After IPO

The stablecoin company's shares rose after its quarterly revenue beat Wall Street estimates.

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Financial Services Roundup: Market Talk

Find insight on Hannover Re, NN Group and more in the latest Market Talks covering Financial Services.

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Centerbridge Partners to Buy MeridianLink in $2 Billion Deal

The private-investment firm's acquisition of the software-platforms provider is slated to close in the second half of the year.

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Private Markets Fintech iCapital Hires Bloomberg Veteran Sonali Basak

A crowded field of fund managers is mounting an aggressive effort to get their products in the hands of everyday investors.

 

(END) Dow Jones Newswires

August 12, 2025 16:00 ET (20:00 GMT)

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