News Highlights: Top Financial Services News of the Day
|06/07/2021 | 12:16am|
Medline Deal Signals Return to Days of Huge Leveraged Buyouts
Private-equity firms, tasked with putting over a trillion dollars to work, had largely shied away from the biggest deals-until now.
The Fed's Inflation View Is All About That Base
Economic data have been made hard to read because of distortions from a year ago. Comparing the latest data to two years ago shows that inflation isn't running as rampant as some reports suggest.
Ackman's SPAC Deal to End All SPACs
Buying 10% of Universal Music is just the warm-up act in hedge-fund billionaire William Ackman's deal ambitions, but he is over SPACs.
Breakup Meme From Elon Musk Sends Bitcoin Sliding
Bitcoin, dogecoin and other cryptocurrencies skidded, extending their monthlong rout, following another cryptic tweet from Tesla's Elon Musk.
Two Big U.S. Banks to Resume Campaign Donations
JPMorgan said it wouldn't give money to Republican lawmakers who challenged the election of President Joe Biden while Citigroup said it wouldn't ban donations to those Republicans.
All-or-Nothing Investment Websites Used Wirecard for Card Payments
The websites, which regulators have accused of stealing from clients, collected money over Wirecard's credit-card payments network.
Ackman SPAC Mystery Solved, but New Questions Abound
William Ackman ended one of the biggest guessing games on Wall Street by unveiling his $40 billion deal with Universal Music, but a new one begins as investors puzzle over the transaction.
Alpine Investors Seeks $1.7 Billion for Its Eighth Private-Equity Fund
If the midmarket-focused technology investor's fund hits its target, Alpine Investors VIII LP will be 70% larger than its predecessor, which closed at $1 billion in 2019.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires throughout the day.
DeFi Helps Fuel Crypto Market Boom-and Recent Volatility
Money is flooding into decentralized finance, or DeFi, another hot, and risky, corner of the cryptocurrency market.
(END) Dow Jones Newswires