Wall Street Hiring Dilemma: AI Can Model-but Can't Make-the Next Rainmaker
Executives are reluctant to slash jobs, with rainmakers often starting out as junior bankers performing rote tasks.
----
Fed Holds Rates Steady, but More Officials See Higher Rates as Next Move
At Kevin Warsh's first meeting as chairman, the central bank signaled a rate hike is now more likely this year than a rate cut
----
The IPO Onslaught Is Forcing Bankers to Pick Teams
Goldman Sachs and Morgan Stanley are preparing for the IPOs of OpenAI and Anthropic by forming separate teams to prevent information sharing.
----
CME Group's Terry Duffy to Step Down as CEO
The succession will mark the end of an era for the derivatives exchange, which transformed under Duffy's long run.
----
Billionaire John Paulson Scores Victory in Puerto Rico Legal Fight
Court filings this week revealed that an arbitrator has provisionally awarded Paulson nearly $48 million related to a portion of a dispute with a longtime business partner.
----
Europe's Biggest Banking Deal in Years Is Getting Closer
Italian bank UniCredit is edging closer to its goal of taking over German rival Commerzbank, a landmark deal that would create a pan-European financial giant.
----
State Farm's AI Plan for Sales Agents Sparks Uproar. 'A Real Slap in the Face.'
AI tools and changes to contracts for 19,000 sales agents appear to be a response to the insurer's eroding status in the industry.
----
How This Old-School Value Fund With No Tech Stocks Is Beating the Market
Moerus Worldwide has handily beaten the market by focusing on deep-value plays with a turnaround story. Tech is 0% of the portfolio.
----
The Medicare Crisis for Insurers Is Over. The Easy Gains Are Too.
Insurers have rebounded as cost trends cool and the Trump administration eases up.
----
Financial Services Roundup: Market Talk
Find insight on Canadian cardholder spending, U.S. homebuyers, Canadian home prices, European banks and more in the latest Market Talks covering Financial Services.
----
Robinhood to Cut 10% of Workforce in Restructuring
The brokerage's job cuts affect about 290 roles.
----
Tesla booted from the 'Magnificent Seven' by a top fund manager. Here is the tech giant he's crowned.
T. Rowe Price fund manager David Giroux says Big Tech isn't in a bubble, but there's value in healthcare and utilities.
----
Retirement Savings Are Up, But So Are Hardship Withdrawals
More Americans have been dipping into their retirement savings, about half of them do so multiple times.
(END) Dow Jones Newswires
June 18, 2026 00:00 ET (04:00 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.