News Highlights: Top Financial Services News of the Day
Goldman Sachs in Talks With Apple to Finance iPhone Sales
The Wall Street firm is in talks to offer financing to shoppers buying phones, watches and other gadgets from Apple, people familiar with the matter said. Customers purchasing a $1,000 iPhone X could take out a loan from Goldman instead of charging it to credit cards that often carry high interest rates.
Carlyle Earnings Boosted by Investment Growth and Fees
Carlyle Group posted a fourth-quarter profit, helped by an upswing in fee-related earnings and strong growth in the value of its investments.
Iceland's Central Bank Leaves Key Rate Unchanged Despite Rising Inflation
Iceland's central bank left its key interest rate unchanged amid a "somewhat weaker" outlook for economic activity in the Nordic island and despite a recent pickup in inflation.
The Fed Put Is Far Away
Investors think the Federal Reserve is waiting with a net below the stock market, and chances are they are right. The only problem is that the net is far below where stocks are now.
Why Prudential Is Betting Retirees Won't Keep Living Longer
Curious as it sounds, Prudential Financial is rapidly gaining a big exposure to the health and well-being of British retirees.
Berkshire Hathaway's Business Wire Suffers Cyberattack
Business Wire, the corporate news-release distributor owned by billionaire Warren Buffett's Berkshire Hathaway Inc., is experiencing a cyberattack that has caused some outages for nearly a week.
Powell to Give Congressional Monetary Policy Testimony Feb. 28-March 1
Federal Reserve Chairman Jerome Powell will deliver his first semiannual monetary policy report to Congress.
Guggenheim Partners Spins Out $13 Billion Unit to Executive Following Lawsuit
Guggenheim Partners said it has spun out a $13 billion computer-driven investing business to a senior money manager who recently sued the financial firm.
The Market's Big Bet on Calm Turns Ugly as Volatility Returns
Investment firms and individual investors made big money over the past year betting markets would remain placid. Now they are suffering as markets suddenly are turning volatile.
Market Turmoil Threatens IPO Recovery
January was a record month for U.S. initial public offerings as the strong equity market encouraged many companies to list their shares. But the turmoil that erupted last week threatens to stop that momentum in its tracks.
(END) Dow Jones Newswires
February 07, 2018 07:15 ET (12:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.