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Wednesday Headlines: Visa sets big job cuts
By Matt Stichnoth,
CNBC.com: Visa is cutting 7% of employees in efficiency push as AI reshapes work
Bloomberg: Private Equity Dealmakers Are Shunning Big Firms to Go It Alone
New York Times: What to Watch at the Federal Reserve’s July Meeting
Financial Times: BNY to adopt blockchain technology for records in new era for Wall Street
Bloomberg: Ares $29 Billion Private Credit Fund Sees Uptick in Non-Accruals
Wall Street Journal: How Blackstone Put Jersey Mike’s on a Fast Track to This Week’s IPO
Financial Times: Inflation gauge reboot to ease pressure on Federal Reserve to raise interest rates
Bloomberg: BlackRock Sets Out for Private Credit Glory After Year of Upheaval
Wall Street Journal: Morgan Stanley Bankers Were Pressured to Approve Mortgages for Wealthy Clients
CNBC.com: 44 states say CFTC has no authority over sports prediction markets
Fortune: Jamie Dimon says his stockbroker father taught him to invest with a ‘brutally hard’ childhood game
Benzinga: This 100-Year-Old Theory Says the Stock Market Isn’t Done Climbing: Ed Yardeni
Financial Times: Hedge funds face demands to stump up collateral as AI stocks tumble
Wall Street Journal: Banks Want Technophobes and Late Adopters to Use Digital Wallets. It Isn’t Easy.