News Highlights: Top Financial Services News of the Day - Friday at 4 PM ET
RedBird Banks $4.7 Billion for Dealmaking
The sports, media and financial services investor collects fresh capital amid a flurry of high-profile deals.
Private Equity Warms Up to Clean-Energy Tax Credits
Private-equity firms are beginning to tap a nascent market for clean-energy tax credits, betting on a boost to returns from helping project developers get better terms for the tradable credits.
The Medicare Bubble Has Burst
The government health insurance program had been a gold mine for private insurers until recently.
Binance Gets Two Compliance Monitors in Settlements With U.S. Authorities
Consultant Forensic Risk Alliance and law firm Sullivan & Cromwell have been selected as outside monitors as part of the crypto exchange's $4.3 billion settlements with U.S. regulators.
Investors Are Striking Gold All Over
Investors have rarely had it this good, with prices of everything from homes to stocks and cryptocurrencies soaring.
Financial Services Roundup: Market Talk
Read about Robinhood Markets, Canadian household borrowing, Allianz and more in the latest Market Talks covering Financial Services.
Dow Jones Industrial Average Tops 40000 for the First Time
The recession that so many economists anticipated has remained out of sight, giving investors hope that stocks can keep climbing.
Fed's Barkin says consumers are driving inflation. Here's what they're willing to pay more for.
The service sector "has changed their view" and believes consumers will accept higher prices and are going to raise them until households balk.
Charles Schwab CFO to Retire Amid Executive Reshuffle
The brokerage firm unveiled several executive changes. Among them, Bernie Clark will step down from his role leading the unit that caters to independent financial advisors.
America Is Still Headed for a Soft Landing
Don't rule out a surprise rate cut this summer as signs of an economic slowdown are piling up.
(END) Dow Jones Newswires
May 17, 2024 16:15 ET (20:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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