Dow Jones Top Financial Services Headlines at 11 am ET: Rainmakers in Talks to Leave Weil Gotshal Amid Poaching Frenzy | California ...

Dow Jones
Aug 20

Rainmakers in Talks to Leave Weil Gotshal Amid Poaching Frenzy

Two groups that include star lawyers are exploring joining rival firms, the latest disruption in Big Law.

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California Draws More Investment Than All Other 49 States Combined

Investors have plowed a record $366 billion into the state amid the AI boom.

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Crypto Stocks Continue Surge Premarket After Upbeat White House Meeting

U.S. stocks linked to cryptocurrencies extended Wednesday's rally premarket as investors jumped on President Trump's reaffirmed support for crypto-friendly legislation.

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Financial Services Roundup: Market Talk

Find insight on Aegon, AIA Group and more in the latest Market Talks covering financial services.

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U.S. to Buy Back More Longer-Term Bonds

"The current maximum size of $2 billion per operation will be at least $4 billion per operation," the U.S. Treasury said.

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Why a Payments Giant Is Paying $7 Billion for the 'Stripe of AI'

The Stripe deal for OpenRouter, founded by an NFT entrepreneur, is a bet on a future where users turn to a mix of AI models.

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Cantor Lets Hedge Funds Place Big Bets on Kalshi's Prediction Markets

The investment bank will serve as a broker, arranging block trades on everything from weather forecasts to iPhone sales.

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Hong Kong's Exchange Operator Posts Record Quarter on Surging IPOs, Trading Activity

Booming trading and listing activity in Hong Kong propelled the city's exchange operator to another record quarter.

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Carlyle Joins $1 Billion Investment Round in Missile Startup Castelion

The funding round, which also includes JPMorgan Chase and Andreessen Horowitz, values the hypersonic munitions maker at $13 billion.

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Trump Touts Clarity Act With Crypto Executives. Why CME Group Stock Is Tanking.

Trump met Leaders of tech and crypto firms, including Coinbase and Ripple, on Wednesday. It's the next move for the executives after an industry-friendly bill stalled.

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Klarna Shares Tumble on Lower Outlook, CFO Search

The payments company tempered its outlook for the year, even as it swung to a profit and logged higher revenue in the second quarter.

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Goldman Sachs to Buy Real-Estate Investment Firm for Up to $410 Million

LCN Capital Partners specializes in sale-leaseback transactions and manages about $3 billion in assets.

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Nasdaq Moves Closer to 23-Hour Stock Trading With December Launch

Nasdaq plans to add an overnight trading session starting Dec. 6 as U.S. exchanges move toward nearly around-the-clock stock trading.

 

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