Bank of America to Deploy $250 Billion to Bolster AI and Energy Infrastructure
The bank is joining rivals that are rolling out pledges to back investments in U.S. critical industries.
----
New York City Launches Sweeping Investigation Into Polymarket and Kalshi
The probe targets the marketing practices of four prediction markets with operations in the city.
----
ABN AMRO Bank Boosts Guidance as Profit Jumps
The bank's operating income climbed 13% in the second quarter while its net interest income rose 11%.
----
Hannover Re Posts Lower Net Profit on Currency Hit
The company said it remains on track to achieve full-year guidance despite operating in an increasingly challenging market environment.
----
Private-Credit Firms Clamp Down on Loan Sweeteners in Fear of 'Shadow Defaults'
Borrowers have delayed interest payments on billions of dollars of loans, raising concerns that defaults are higher than reported.
----
Flight-Tracking Platform Sues Kalshi Over Flight Cancellation Prediction Markets
FlightAware says such markets could encourage unsafe tactics to cause cancellations and create the potential for disruption to air travel.
----
Citi Taps New Healthcare Banking Leadership as Dealmaking Heats Up
The leadership changes target subsectors including biotechnology, medical technology, biopharmaceuticals, and acute care.
----
H&R Block Revenue Increases as It Raises Quarterly Dividend
The company's revenue increased to $1.14 billion from $1.11 billion, and it raised its quarterly dividend by 10% to 46 cents a share.
----
Nasdaq to Acquire LeveL Markets
Nasdaq said the acquisition of the off-exchange equity execution venue will advance its vision for always-on markets and expand its role in how liquidity is connected and capital is formed.
----
Insurance Risks Remain High as Wildfire Threat Rises, Swiss Re Institute Says
Wildfire risk is the fastest-growing weather peril globally, according to the insurer, which added that estimated natural-catastrophe losses fell sharply in the first half of the year.
----
America's Mortgage King Lost $600 Million and Needed a Rescue
Billionaire Mat Ishbia was in trouble after a failed takeover and mistimed bets on interest rates.
----
Reserve Bank of Australia Holds Rates Steady but Remains Worried About Inflation
Australia's central bank continued to warn that inflation remains too high, especially against the backdrop of war in the Middle East.
----
RBA Governor's Hawkish Tone Could Be a Slow Burn for Markets
Gov. Michele Bullock appeared determined to challenge the view in money markets that the Australian central bank is done raising rates after three increases earlier this year.