Dow Jones Top Financial Services Headlines at 11 AM ET: Fed's Williams Says Cooling Inflation Could Allow for Future Rate Cuts | A ...

Dow Jones
03/04

Fed's Williams Says Cooling Inflation Could Allow for Future Rate Cuts

Speaking at a financial conference in Washington, the New York Fed President outlined a forecast of steady economic conditions this year, with moderate economic growth and declining unemployment and inflation.

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A Small Shop in Ohio Has One of the Fiercest Activist Investors

Ancora made a last-minute push for Warner Bros. Discovery to entertain Paramount's bid.

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Midmarket Firm Torch Key Sets Up Shop With GCM Grosvenor's Support

Founded by alums of One Rock and Gores Group, Torch Key invests in the food and beverage and industrial sector.

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Zurich Insurance Confirms $11 Billion Beazley Takeover

Confirmation ends a period of uncertainty after a deadline for Zurich to make a firm offer-or walk away-was pushed back to this week.

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Financial Services Roundup: Market Talk

Find insight on JPMorgan, European banking stocks and more in the latest Market Talks covering Financial Services.

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SoFi's stock rises as CEO Anthony Noto reacts to recent selloff with a $1 million purchase

Noto, who already owns a SoFi stake worth about $215 million on paper, has been known to buy the dip before.

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Berkshire CEO Abel Plans TV Appearance Thursday

Although Greg Abel is doing a TV interview, he didn't hold a quarterly conference call after Berkshire released its fourth-quarter results Saturday.

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Ship Insurers Say They Will Pause Coverage Against War Losses

Insurance brokers said coverage may be available from other sources, but at prices likely 50% higher than before the conflict with Iran started.

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SoftBank Group's PayPay Targets $13.4 Billion Valuation in U.S. IPO

SoftBank Group's payments app operator, PayPay's U.S. initial public offering could bolster the Japanese technology investor's coffers as it pours billions into artificial intelligence.

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Kalshi Co-Founder Says Prediction Markets Need 'Moral Side' After Halting Khamenei Trades

Kalshi's rules exclude death as a factor in resolving event contracts, meaning more than $50 million worth of trades were halted after the Iranian leader was killed over the weekend.

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Fidelity's Annual Profit Jumps After Market Rally Lifts Revenue to a Record

The privately held financial conglomerate now oversees $18 trillion in customer accounts and investment funds.

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BlackRock, EQT-Led Consortium to Acquire AES for $10.7 Billion

A consortium of investors including BlackRock's Global Infrastructure Partners and investment group EQT agreed to acquire AES for $10.7 billion.

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Berkshire Hathaway's Earnings Weren't as Bad as They Looked. A Goodwill Write-Down Hit Operating Profits.

Berkshire holds a near-record $373 billion in cash.

 

(END) Dow Jones Newswires

March 03, 2026 11:00 ET (16:00 GMT)

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