Dow Jones Top Financial Services Headlines at 11 AM ET: Hammack Says Fed May Need to Respond if Inflation Persists | This ...

Dow Jones
06/02

Hammack Says Fed May Need to Respond if Inflation Persists

Cleveland Fed President Beth Hammack, a voting member this year, said policy may not be restrictive enough to bring inflation to 2%.

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This Crypto-Trading Platform Is Emerging as Wall Street's Convenience Store

Hyperliquid, founded three years ago by former quant trader Jeff Yan, is always open for business.

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Private-Credit Firms' Insurers Brace for Looming Legal Storm

The insurers are preparing for legal fights against boards and executives over valuation practices.

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Wingman Growth Partners Bags $215 Million to Invest in Software Deals

New firm aims to back small data and fintech companies as broader investor unease opens opportunities in the sector.

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Financial Services Roundup: Market Talk

Find insight on Blackstone, Australian banks and more in the latest Market Talks covering Financial Services.

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Blackstone Raises $13.1 Billion in Its Largest Asia Private-Equity Fund

The New York-based alternative asset manager raised more than the $10 billion target for the Blackstone Capital Partners Asia III fund.

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Saylor's Strategy Sells Bitcoin for First Time Since 2022

The bitcoin-hoarding firm says it sold the cryptocurrency to fund distributions on its preferred stock.

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Wise Group Faces Court Summons Over Money Laundering Probe

The London-headquartered group said it was working with the Brussels prosecutor to respond to queries, adding that no specific findings had been shared with the company.

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Illinois Lawmakers Pass Bill to Bar Private Equity Control of Law Firms

The state legislature joined Colorado in trying to restrict investors' ability to influence law firms.

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The AI Trade Hits Overdrive, Powering Stocks to Historic Gains

The S&P 500 just posted one of its best two-month runs ever. That often means more good times ahead.

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Apollo Joins Alpine Investors in Backing Home Services Giant Apex

The asset manager led a $2 billion minority investment that is said to value Apex Service Partners at about $10 billion.

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Berkshire Hathaway to Buy Home Builder Taylor Morrison for $6.8 Billion

The deal is one of the first big moves by Greg Abel, who succeeded Warren Buffett as chief executive officer in January.

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Venture Capital Turns to Hardware Bets as AI Threatens Software Companies

Investors are betting big on infrastructure and "physical AI," enticed by the prospect of new revenue opportunities.

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The Hedge Fund Veteran Trying to Make His Past Self Obsolete With AI

Former short seller Joe O'Donnell makes software for analysts that can perform tasks in hours that used to take him weeks.

 

(END) Dow Jones Newswires

June 02, 2026 11:00 ET (15:00 GMT)

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