Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver's Seat

Some analysts warn of limits as to how long the central bank can keep interest rate increases off the table. 


 
Buffett Rules Out 'Eye-Popping' Returns. But Investors Aren't Listening.

Berkshire is poised to hit a $1 trillion valuation as investors gather this weekend for its annual shareholder meeting 


 
Standard Chartered Posts Higher Profit on Trading Gains

The London-based bank posted a rise in first-quarter net profit due to higher trading income despite lower earnings from lending. 


 
ING Continues Buybacks to Boost Captial Ratio

ING backed its full-year guidance and said it planned to buy back up to EUR2.5 billion of shares to bring its common equity Tier 1 ratio toward its target. 


 
Bank of Canada 'Getting Closer' to Rate Cuts, Macklem Says

Central bank officials are confident inflation will continue to decelerate, Gov. Tiff Macklem said, adding that higher rates in Canada are having 'more traction' than in the U.S. 


 
NAB's Profit Falls; Increases Share Buyback

Australia's second-largest lender by market capitalization reported a 12% decline in half-year net profit and announced it will increase its share buyback by $980 million. 


 
RBA May Have Been Too Timid in Fight Against Inflation, Economist Says

The Reserve Bank of Australia has likely been far too timid in raising interest rates given that swaths of the economy are still going strong, according to a former senior manager at the central bank. 


 
DBS Earnings Beat Expectations

Singapore's biggest bank by assets said its first-quarter net profit rose on higher fee and commission income, and expects to deliver strong shareholder returns this year 


 
U.S. Financial Markets Regulator Names First Chief Artificial Intelligence Officer

Commodity Futures Trading Commission has promoted Ted Kaouk to the chief data and artificial intelligence officer role. 


 
KKR Sees Private-Equity Pipeline Accelerating as Credit Market Loosens

The buyout firm said easier bank financing is opening up dealmaking opportunities as the year unfolds.


(END) Dow Jones Newswires

05-02-24 0715ET