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.
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.
AIG to Sell 20% of Corebridge to Nippon Life for $3.8 Billion
Insurance giant AIG has struck a deal to sell a stake in its majority-owned life-and-retirement arm Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion.
The GameStop Mania Is Back. Is Wall Street Ready This Time?
Problems in the plumbing of the financial system were costly for investors in 2021, and a planned upgrade still isn't complete.
Japan's Biggest Insurer Plans to Go Big on Foreign Credit
Nippon Life Insurance, the largest insurer in Japan by asset size, is planning to invest more in foreign credit markets, looking to diversify its portfolio even as key domestic yields hover at decade highs.
Aegon Backs Guidance, Launches Fresh Buyback
Aegon said it was on track to meet its guidance for a key earnings figure this year after a decline for the first quarter, and launched a new share buyback program of up to EUR200 million.
Financial Services Roundup: Market Talk
Experian, Hannover Re and more in the latest Market Talks covering Financial Services.
Aflac Is Buying a Stake in a Direct Lender, Getting a Piece of the Private Credit Boom
The insurance giant is paying about $100 million to acquire a 40% stake in Tree Line Capital Partners.
Warren Buffett's Berkshire Reveals Its Mystery Stock: Chubb
The Omaha, Neb., company began building a secret stock position in the second half of 2023.
(END) Dow Jones Newswires
05-16-24 1115ET
