News Highlights: Top Financial Services News of the Day - Tuesday at 12 AM ET

U.S. credit-card debt declines for second time in past three months, signaling plateau in borrowing 
 

Consumer credit rose $8.9 billion in August, after surging a revised $26.6 billion in July, the Federal Reserve said Monday.

 
Hurricane Helene Did Billions in Damage. Milton Could Be Worse. 
 

Florida homeowners have been reeling from years of rising insurance premiums. Now, they're facing down yet another big storm.

 
Investment Industry Loves Active ETFs. You Probably Shouldn't. 
 

Launches of active exchange-traded funds are outnumbering passive ones by about three to one. The performance record isn't great.

 
Stock Funds Gained 16.1% Through Third Quarter 
 

Bond funds stood proud, as well, drawing investors' cash. Also: A flashback to 95 years ago, the Great Crash.

 
Corporate Insiders Are Sitting Out the 2024 Stock-Market Rally 
 

Warren Buffett, Jamie Dimon and Jeff Bezos are among the business leaders exhibiting caution.

 
A Tried-and-True Investing Pattern Has Lost Its Shape 
 

Deciding what sectors and companies are cyclical versus defensive has suddenly gotten a lot more complicated.

 
Financial Services Roundup: Market Talk 
 

Find insight on Commerzbank, Nordic banks, gold and more in the latest Market Talks covering the Financial Services sector.

 
Talk to Rick, the Next CEO of Charles Schwab 
 

Rick Wurster, Schwab's president since 2021, will be tasked with steering the largest publicly traded U.S. brokerage through a transition.

 
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.

(END) Dow Jones Newswires

October 08, 2024 00:15 ET (04:15 GMT)

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