How Has the Fed's Outlook Changed? Here's What to Watch Today
While investors focus on whether officials project fewer rate cuts, the Fed looks ahead to recession risks.
Prudential Earnings Top Forecasts as New Business Jumps
Prudential's adjusted operating profit rose in 2023, with the insurer's focus on Asian and African markets helping generate a 45% gain in new business earnings.
The Era of No-Brainer 5% Returns on Cash Is Ending
Cash has been a hot investment since the Fed started raising rates, but the landscape is changing as the central bank considers cutting.
Private Equity Cautiously Steps In to Back Troubled Banks
Distress at regional banks has spurred some buyout firms to invest in a sector they typically ignore.
China's Benchmark Lending Rates Held Steady
The one-year loan prime rate remains at 3.45%.
Gemini Settles With Bankrupt Genesis for Customers to Be Paid Back in Full
The settlement, which needs court approval, would return about $2 billion in digital coins to customers of the Winklevosses' Gemini Earn.
JPMorgan to Hike Dividend After Notching Record Profit
It's the bank's second dividend increase in the past year.
Bankrupt Crypto Lender Genesis Agrees to Pay $21 Million to Settle SEC Charges
Regulator says company engaged in unregistered offer and sale of securities by failing to register its Gemini Earn program.
Brookfield Asset Management Names Hadley Peer Marshall as New CFO
Peer Marshall, who has been with the alternative investment manager since 2015, will succeed Bahir Manios as finance chief at the end of May.
Calpers to Increase Investments in Private Equity
The California Public Employees' Retirement System said its board had approved a proposal to increase total private-market allocations to 40% of plan assets from 33%.
(END) Dow Jones Newswires
03-20-24 0715ET
