Even if Fed Stays on Hold, Jerome Powell Is Keeping His Options Open
The Fed chair said it was premature for the central bank to declare a conclusive end to its historic interest-rate increases of the past two years even though he didn't make an argument for further hikes right now.
Treasury Auction Breaks Bad on Weak Demand
Lack of demand sent bond yields high.
UBS Remains Under Swiss Regulator's Magnifying Glass
UBS faces scrutiny from Finma, Switzerland's financial regulator, as it integrates with Credit Suisse following the merger of the two global banks this year, the regulator said.
SoftBank Group Shares Slump After Second-Quarter Net Loss
SoftBank Group shares fell sharply after the Japanese technology and investment company posted a net loss due to weak tech investment results.
Celsius Network, One of Crypto's Biggest Collapses, Ends Bankruptcy Case
A bankruptcy judge allowed the onetime crypto lender to return some of its customers' deposits while forming a new company focused on mining and staking.
OneCoin's Compliance Head Pleads Guilty in $4 Billion Crypto Fraud Case
Irina Dilkinska's guilty plea is the latest development in one of the world's biggest cryptocurrency frauds.
Fintechs Look to Cost Cuts and Layoffs
PayPal and Block said they would trim their expenses, as high interest rates have put many financial-tech companies in a tight spot.
Exit Slowdown Pressures Private Equity but Executives Show Signs of Optimism
Senior executives from several public private-equity firms said they continue to see some signs of improvement in a challenging exit landscape.
Buy Now, Pay Later Lender Is Surfing the Private Credit Wave
Affirm appears to be finding demand for its loans from investors looking to tap in to the higher yields it can offer them.
Goolsbee Says Fed Will Need to Monitor Risks of Overshooting on Rates
A sustained rise in long-term rates can "have a very substantial effect on real economic performance," the Chicago Fed president says.
(END) Dow Jones Newswires