How Wall Street Lenders Are Betting Big on the AI Boom 

Investment giant Blackstone recently led a $7.5 billion deal backed by artificial-intelligence chips, the latest financing that looks to take advantage of the sector's rapid growth.

JPMorgan's Consumer Business Is Doing Great. Its Customers Are Just OK. 

The nation's largest lender sees borrowers trading down but still spending.

JPMorgan Wants Dimon to Stay. He Has a $75 Million Incentive. 

Dimon has signaled he will step down as CEO earlier than anticipated.

Goldman Sachs Healthcare Veteran Jo Natauri Sets Up Invidia Capital 

Asset manager GCM Grosvenor is backing the healthcare-focused firm out of its Elevate investment strategy.

The Unlikely Stocks That Became a Hot Bet on AI 

The staid utilities industry has become a top-performing sector.

Savings Account Rates Are Falling. Why Ally, Discover, and Others Are Paying Savers Less. 

Online accounts have long been a refuge for people looking for the highest savings rates. Here's why some banks are pulling back.

Generali Outlook on Track After Quarterly Beat 

Generali backed its financial targets after it reported better-than-expected results for the first quarter, with solid growth across all of its business.

Summit Partners Backs OneStock, an Order-Management Firm for Retailers 

The $72 million investment allows Silverfleet Capital to exit and will drive the French company's international expansion, including into the U.S.

Financial Services Roundup: Market Talk 

Gain insight on Wise, Generali, and more in the latest Market Talks covering Financial Services.

Jamie Dimon Says His Retirement Is Getting Closer. Finally. 

The JPMorgan chief executive says his timeline "isn't five years anymore."

(END) Dow Jones Newswires

05-21-24 1615ET