China's Central Bank Holds Key Policy Rates Steady

The People's Bank of China held key policy rates steady, a move that could preface a hold on benchmark lending rates later this month. 


 
PwC's New U.S. Leader Starts Early as Predecessor Heads to Citigroup

PricewaterhouseCoopers' incoming U.S. head took the reins a month and a half early on Tuesday as his predecessor prepares to exit for Citigroup and the Big Four accounting firm gears up for new global leadership. 


 
Vanguard Names Former BlackRock Executive as CEO

Salim Ramji led BlackRock's ETF business and left in January. 


 
Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates

The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook. 


 
Payments-Company Waystar Plans to Restart IPO Pitch

The private equity-backed company is eyeing a June stock-market debut. 


 
'Roaring Kitty' Came Out of Hibernation. Is the Meme Stock Craze Back?

Short sellers have been burned by the resurgence of GameStop, AMC and other meme stocks. 


 
Top-Ranking Lenders See Diminishing Recoveries in Bankruptcy

Top-ranking lenders continue to get less of their money back when companies go bankrupt as many firms head into chapter 11 with less junior debt to absorb the pain, and as aggressive debt restructurings can change who gets repaid first. 


 
Welsh Carson Escapes FTC Price-Fixing Case Over Private-Equity Rollups

A judge has dismissed the Federal Trade Commission's price-fixing case against private-equity firm Welsh, Carson, Anderson & Stowe, a potential blow to the Biden administration's efforts to crack down on what it sees as healthcare profiteering. 


 
Americans' Overdue Bills Are Mounting Up. More People Are Missing Payments.

While total debt grew modestly, many Americans struggled to make timely payments last quarter, with delinquency rates on the rise for all debt types, according to the New York Fed. 


 
Private Equity's Deal Machine Restarts But Exits Still Sputter

"We're just going to compress two and a half years' worth of deals in a year, year and a half," says Roper Technologies CEO Neil Hunn, who predicts more sales from private equity.


(END) Dow Jones Newswires

05-15-24 0015ET