Fed's Barkin Says It's a 'Close Call' Whether Rates Are High Enough
The Richmond Fed president said he doesn't know whether he would have joined the three colleagues who dissented in favor of a rate increase.
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Three Fed Officials Say Inflation Should Have Prompted Higher Rates
One of the central bankers, Minneapolis Fed President Neel Kashkari, said a series of rate increases might be necessary.
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Rise of Bond E-Trading Underpins NYSE Owner's $6 Billion MarketAxess Deal
Intercontinental Exchange is betting on a shift toward electronic fixed-income trading.
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NatWest Raises Guidance, Brings Forward Buyback Announcement Plans
The lender reported a 29% rise in pretax profit as it completed the acquisition of wealth manager Evelyn Partners.
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Ares Accelerates Fundraising and Investments Despite Lackluster Market
Ares Management joins a small but growing number of large private-markets firms defying a market slowdown with quarterly growth both in its fundraising and capital deployment.
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Financial Services Roundup: Market Talk
Find insight on bitcoin ETFs, large private-equity firms and more in the latest Market Talks covering financial services.
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Situational Awareness Down 67% in July in AI Stock Rout
"We let you down this month," Leopold Aschenbrenner's hedge-fund firm told investors after selling the bulk of its stocks to Citadel.
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AXA Backs 2026 Views After First-Half Earnings Rise
The French insurer backed its targets for the year after reporting a rise in earnings over the first half.
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Citadel Buys Situational Awareness's Stock Portfolio After Big Losses in AI
The highflying hedge fund run by Leopold Aschenbrenner is in crisis mode after AI-related bets sank.
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Mastercard Sales Rise on Payment Network Growth
Mastercard's sales rose in the second quarter, driven by growth in its payment network.
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Coinbase Swings to Loss on Weak Crypto Market
The cryptocurrency exchange said revenue fell 19% in the second quarter to $1.22 billion, missing analyst estimates. Shares fell in after-hours trading.
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Bank of America Buys Cybersecurity Firm as Lenders Guard Against Digital Risks
Bank of America plans to acquire England-based cybersecurity firm MDSec, marking the lender's first acquisition in five years.
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