Dow Jones Top Financial Services Headlines at 11 AM ET: Ackman's IPO Is Being Powered by Wall Street Pros, Not His Social-Media Super Fans | Edison ...

Dow Jones
Apr 28

Ackman's IPO Is Being Powered by Wall Street Pros, Not His Social-Media Super Fans

The billionaire investor is aiming to take public both a new stock-picking fund and his management company on Wednesday.

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Edison Partners Backs Fuel Saving-Technology Developer CleanDesign

The private-equity firm led a $20 million growth investment in the supplier of software-controlled battery systems used to cut generator fuel demand.

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Barclays Retreats From Riskier Lending as Bad Loan Charge Tops $1.1 Billion

The British bank said it will pull back from some structured finance and took a hit on loans to mortgage broker Market Financial Solutions.

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Oracle, Nvidia and other buzzy tech stocks fall as the 'OpenAI complex' comes under pressure

A Wall Street Journal report said that the ChatGPT maker has missed financial targets.

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Financial Services Roundup: Market Talk

Find insight on Barclays, Orix, Commerzbank and more in the latest Market Talks covering Financial Services.

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Saba Launches New Strategy for Private-Credit Jitters After Tepid Response to Blue Owl Tender

Despite limited interest in the Blue Owl tender offer, Boaz Weinstein's firm is forging ahead with new strategy to capitalize on private-credit fears.

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Fed Chair Powell Confronts His Final Big Decision: Stay or Go

With Kevin Warsh's confirmation back on track, the last unresolved question is whether Powell will give up his seat on the Fed's board next month.

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German Consumer Sentiment Slumps to Three-Year Low on Iran War Impact

The conflict in the Middle East dimmed income expectations and hopes for a tentative economic rebound this year amid surging energy prices.

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Forvis Mazars Lays Off U.S. Workers in Restructuring

The accounting firm cut about 3% of its U.S. workforce across audit, tax and consulting, people familiar with the matter said.

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Wall Street Is Sorting Software Companies Into Winners and Losers

The threat of artificial-intelligence tools has stirred fears about the future of software and what might happen to loans in the sector-but not all software companies are equally endangered.

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The AI Frenzy Is Back and Lifting the Entire Stock Market to Record Highs

Signs of froth are everywhere, with the IPOs of Anthropic and OpenAI expected to be the biggest ever and investors desperate to find ways in.

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Trump's Crypto Luncheon Draws 'Superstars.' But His Token Hovers Near Low.

The president feted the biggest holders of his namesake memecoin at Mar-a-Lago on Saturday, cheering on a crypto market still fighting through a monthslong slump.

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America's Pandemic Car Bubble Is Now Trapping Buyers in Debt

The average amount a borrower with negative equity carries on a vehicle has jumped more than 40% since 2021.

 

(END) Dow Jones Newswires

April 28, 2026 11:00 ET (15:00 GMT)

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