The Unlikely Stocks That Became a Hot Bet on AI

The staid utilities industry has become a top-performing sector. 


 
Savings Account Rates Are Falling. Why Ally, Discover and Others Are Pay Savers Less.

Online accounts have long been a refuge for people looking for the highest savings rates. Here's why some banks are pulling back. 


 
FDIC Chairman Martin Gruenberg to Resign

Gruenberg bowed to pressure to resign after an external investigation found widespread sexual harassment at the agency. He plans to stay until a successor is confirmed. 


 
Jamie Dimon Says His Retirement Is Getting Closer. Finally.

The JPMorgan chief executive says his timeline "isn't five years anymore." 


 
Generali Outlook on Track After Quarterly Beat

Generali backed its financial targets after it reported better-than-expected results for the first quarter, with solid growth across all of its business. 


 
Summit Partners Backs OneStock, an Order-Management Firm for Retailers

The $72 million investment allows Silverfleet Capital to exit and will drive the French company's international expansion, including into the U.S. 


 
Grayscale CEO Michael Sonnenshein Steps Down

The crypto asset manager is battling an investor exodus from its flagship bitcoin fund. 


 
Grant Thornton Laying Off 350 U.S. Employees as It Prepares to Close Private-Equity Sale 
 
 
Crypto Venture Firm New Form Aims to Raise $100 Million Fund

Crypto and blockchain-focused venture firm New Form Capital is returning to the fundraising market, seeking to raise a $100 million fund in the latest sign investors remain bullish on the once-beleaguered crypto sector. 


 
A $10 Billion Real-Estate Fund Is Bleeding Cash and Running Out of Options

A long line of investors in Starwood Real Estate Income Trust, known as Sreit, want their money back.


(END) Dow Jones Newswires

05-21-24 0715ET