Fed Says Inflation Progress Has Stalled and Extends Wait-and-See Rate Stance 

Officials also approved a plan to slow the ongoing reduction of their $7.4 trillion asset portfolio.

"Sell in May and Go Away" Isn't as Useful as It Once Was 

Returns still tend to be better for those who heed the Wall Street adage, but volatility has been greater outside of the summer months in recent years

Goldman Promotes Partner to Senior Deal Role 

Dan Blank has been named co-chair of Goldman's Global M&A group to help drive dealmaking efforts.

New York Community Bancorp's stock jumps after narrower-than-expected loss 

New CEO Joseph Otting sees a "path to profitability" in the next two years.

Mastercard sees healthy spending, expects strong dollar to impact revenue growth 

Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.

Private Equity and Traditional Insurers Spar Over Risk Rules 

Over the past decade, insurance has become a cash cow for PE firms. The standoff over illiquid securities has become 'a proxy for private equity's entrance into the sector,' says one observer.

Companies Trim Debt, Faced With High Rates 

The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.

BlackRock's Plan for Your Retirement: A 401(k) With a Monthly Check 

A small but growing number of companies are offering plans that promise employees a degree of predictability. The new target-date funds turn a portion of savings into payments for life.

Wanted: Megabank Chief Willing to Work for Half Pay 

HSBC, one of the world's largest banks, is looking for a new CEO to run its sprawling operations at a fraction of the pay of a U.S. bank boss.

Financial Services Roundup: Market Talk 

Gain insight on Mondelez, BBVA, NAB and more in the latest Market Talks covering Financial Services.

(END) Dow Jones Newswires

05-01-24 1615ET