Nuvei Agrees to Deal to Be Taken Private

The proposed transaction has the support of shareholders Philip Fayer, Nuvei's founder, chairman and chief executive, Novacap and Caisse de depot et placement du Quebec, who collectively represent roughly 92% of the voting power attached to Nuvei's shares. 


 
Baltimore Bridge Collapse Could Fuel Reinsurance Pricing

The cost of insuring against extreme risks has been rising, and the complexity of covering Baltimore's tragedy may further that. 


 
The Stock Market's Magnificent Seven Is Now the Fab Four

Some investors say it is a bullish signal that the market is rallying without the likes of Apple and Tesla because it means other groups are taking part. 


 
Inflation Victory Is Proving Elusive, Challenging Central Banks and Markets

In the U.S. and Europe, underlying inflation has stopped falling or edged higher recently, weakening the case for rate cuts. 


 
Financial Services Roundup: Market Talk

Gain insight on the SPDR Gold Shares ETF, Bank of Canada, CIBC Capital Markets, and more in the latest Market Talks covering Financial Services. 


 
Venture Firms Are Using AI to Identify and Close Deals

While venture firms have long tinkered with using AI internally, the emergence of more advanced and generative AI has supercharged what investors say they can do. 


 
Wealth Management Is a Risky Gold Rush for Banks

Catering to the rich offers high returns and room for growth, but it is not for every big lender. 


 
How High-Yield CDs Turn Into 0.05% CDs While You're Not Looking

Customers have sought out certificates of deposits for higher rates, but sometimes banks roll maturing CDs into new ones with lower rates. 


 
Fed's Favored Inflation Gauge Rose to 2.5% in February

The overall personal-consumption expenditures price index rose in line with economists' expectations for February. 


 
Life After FTX: Bankman-Fried's Employees Struggle to Move On

'What the hell was going on?' Comprehending their ex-boss's crimes proves a challenge.


(END) Dow Jones Newswires

04-02-24 0015ET