News Highlights: Top Financial Services News of the Day - Monday at 11 AM ET

Labor market is not 'flashing red,' two top Fed officials say 
 

Two top Federal Reserve officials on Monday said that they don't think the labor market is weakening dangerously - but the risk of further softening called for last week's half-point cut in the policy rate.

 
Pro Take: Look Out for Hungry Unicorns 
 

Venture investors both cheered the Federal Reserve's half-percentage-point interest rate cut last week and acknowledged its effects would take time to ripple through the startup ecosystem. But once they do, look for software unicorns to be on the hunt for mergers and acquisitions.

 
UniCredit Ups Ante in Pursuit of Germany's Commerzbank 
 

The Italian lender moved to boost its Commerzbank stake above 20%, shrugging off German opposition to a possible takeover.

 
The Rate Cut Happened. Not All Borrowing Costs Are Going Down. 
 

The yield on 10-year Treasury notes is a reminder that the Fed doesn't have complete control over borrowing costs.

 
The Fed Is Flying Blind. Investors Don't Seem to Care. 
 

Markets embraced the central bank's spirit of dovishness following the big rate cut this past week.

 
Binance CEO Invests in Compliance to Move on From Past Mistakes 
 

The cryptocurrency exchange said it spent about $213 million on compliance programs in 2023.

 
Germany to Keep Commerzbank Shares After UniCredit Takes Stake 
 

The government said it won't offload any additional shares in the bank following the sale to UniCredit for EUR702 million. The move marks an U-turn for the government.

 
The Lone Dissenter Inside the Fed Who Voted Against Powell's Rate Cut 
 

Governor Michelle Bowman, who supported a smaller cut, said she worries that moving too fast looks like 'a premature declaration of victory.'

 
Annuities' New Golden Age Probably Isn't Over Yet 
 

High rates have helped annuity sales, but so have other forces.

 
How Five Wall Street Investors Will Trade Falling Interest Rates 
 

The world of 5% yields is ending.

(END) Dow Jones Newswires

September 23, 2024 11:15 ET (15:15 GMT)

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