News Highlights: Top Financial Services News of the Day - Friday at 7 AM ET

If a Soft Landing Is in the Cards, Why Aren't Small-Cap Stocks Rallying? 
 

The Russell 2000 has trailed the S&P 500 since the Federal Reserve cut interest rates.

 
Wall Street Races to Bring Private Credit to the Masses 
 

Investing titans are jostling to launch funds made up of hard-to-trade private loans.

 
What Is the Market Impact of the SEC's Cyber Disclosure Rules? Not Much. 
 

Data shows little short-term share price declines and no strong trends, despite hand-wringing from companies.

 
LGT Capital Collects $7 Billion for Private-Markets Secondary Deals 
 

Investment manager LGT Capital Partners has raised its largest pool yet to acquire stakes in private funds, a strategy benefiting from the chill that sharply higher interest rates cast on deals involving private equity and venture capital.

 
AI to Have Human-Level Abilities in a Few Years, SoftBank CEO Says 
 

Masayoshi Son reiterated his bullish forecasts for artificial intelligence in a speech that stressed advances made by OpenAI.

 
Bank of America customers report outage, with some seeing $0 balances in their accounts 
 

An outage at Bank of America left some of the bank's customers unable to access their accounts on Wednesday, while others saw what they said were erroneous balances of $0, according to a flood of reports on social media.

 
JPMorgan Plans to Open Around 100 New Branches in Low-Income Areas 
 

The bank will expand branches in rural and urban neighborhoods, offering an alternative to check cashing and payday lending.

 
SEC Enforcement Director Who Pushed for Big Fines Steps Down 
 

Gurbir Grewal took a tough stance on the fast-growing cryptocurrency industry and pushed for big fines against Wall Street firms.

 
AI Will Drive Broad Deflation, Silicon Valley Pioneer Vinod Khosla Says 
 

But as the price of expertise falls toward zero, a new age of abundance can begin, Khosla says-if people let it.

 
Ontario Pension Weighs Wider 'Risk-Return Spectrum' in Data Center Bets 
 

The teachers' pension system sees opportunities to invest directly in digital-infrastructure businesses at different stages of development.

(END) Dow Jones Newswires

October 04, 2024 07:15 ET (11:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.