News Highlights: Top Financial Services News of the Day - Tuesday at 12 AM ET
Italy's UniCredit Trades Blows With Berlin Over Commerzbank
Germany's chancellor decried "unfriendly attacks" on banks after UniCredit moved to raise its stake in the lender.
Robinhood Touts Rock-Bottom Fees for Options Trading. Then Come the Hidden Costs.
Customers using the platform face higher transaction costs than those of other brokers, a study finds.
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.
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.
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 24, 2024 00:15 ET (04:15 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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