America Is Still Headed for a Soft Landing

Don't rule out a surprise rate cut this summer. 


 
AIG to Sell 20% of Corebridge to Nippon Life for $3.8 Billion

Insurance giant American International Group has struck a deal to sell a stake in its majority-owned life-and-retirement arm Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion. 


 
The GameStop Mania Is Back. Is Wall Street Ready This Time?

Problems in the plumbing of the financial system were costly for investors in 2021, and a planned upgrade still isn't complete. 


 
Japan's Biggest Insurer Plans to Go Big on Foreign Credit

Nippon Life Insurance, the largest insurer in Japan by asset size, is planning to invest more in foreign credit markets, looking to diversify its portfolio even as key domestic yields hover at decade highs. 


 
Aegon Backs Guidance, Launches Fresh Buyback

Aegon said it was on track to meet its guidance for a key earnings figure this year after a decline for the first quarter, and launched a new share buyback program of up to EUR200 million. 


 
Aflac Is Buying a Stake in a Direct Lender, Getting a Piece of the Private Credit Boom

The insurance giant is paying about $100 million to acquire a 40% stake in Tree Line Capital Partners. 


 
Warren Buffett's Berkshire Reveals Its Mystery Stock: Chubb

The Omaha, Neb., company began building a secret stock position in the second half of 2023. 


 
Lawmakers From Both Parties Grill FDIC Chairman Over Scathing Report

Democrats were largely far harsher with Martin Gruenberg than expected, signaling his job could be at risk if the pressure continues. 


 
Biden's banking rules will fuel inflation, lawmakers say

The banking industry has pulled out all the stops in its fight against new regulations that it argues will raise consumer prices for utilities, groceries and housing - and its campaign is convincing powerful lawmakers on both sides of the aisle. 


 
Allianz Backs Full-Year Guidance After Profit Jump

Allianz confirmed its 2024 operating profit target after growth across all of its segments over the first quarter boosted its net profit by 22%.


(END) Dow Jones Newswires

05-16-24 0715ET