Powell's Pivot Sows Confusion Over When and How Fast Fed Will Cut

Federal Reserve Chair Jerome Powell is getting a meaningful decline in inflation, but that is making it harder for Fed officials to dissuade investors about an imminent rate-cutting cycle. 


 
Cevian Takes 1.3% Stake in UBS

Cevian has taken a stake in UBS worth $1.3 billion, saying it sees significant value potential in the bank after its takeover of Credit Suisse. 


 
Barkin says Fed makes 'good progress' on taming inflation, but too early to talk rate cuts

The president of the Richmond Federal Reserve said the central bank is making "good progress" in slowing inflation, but he was unwilling to commit to a specific timetable on cutting interest rates. 


 
Affirm's stock rockets after Walmart expands buy-now-pay-later option to include self-checkout purchases

Shares of Affirm Holdings Inc. soared toward the highest prices seen in nearly two years after the provider of buy-now-pay-later payment options said it has expanded its services with discount retail giant Walmart Inc. to include self-checkout purchases. 


 
Clearhaven Collects $580 Million for Second Buyout Fund

The firm outpaced U.S. peers in rounding up fresh capital in under a year while focusing on technology deals. 


 
Texas City Pension System Names Calpers Investment Director as CIO

The move takes out one more investment professional from Calpers, where the CIO quit in September. 


 
Bank of Japan Chief, Bucking Expectations, Avoids Talk of Rate Increase

The yen weakened after Kazuo Ueda said he still wasn't sure prices are on a steady upward trend. 


 
Why UBS Wants to Be the No. 6 Investment Bank in the U.S. (Yes, No. 6)

Swiss financial giant UBS is making a new push in the U.S. investment-banking market-with more measured ambitions. 


 
Bank of America Bond Losses Narrowed From Rally to Estimated $100 Billion

By contrast, JPMorgan Chase's unrealized bond losses may be in the $30 billion to $35 billion range now. 


 
Financial Services Roundup: Market Talk

Find insight on Kasikornbank and Eastern Polymer Group, Canadian mid-sized banks and more in the latest Market Talks covering the Financial Services sector.


(END) Dow Jones Newswires

12-20-23 0715ET