Dow Jones Top Financial Services Headlines at 7 AM ET: High Rates Have Upturned How Moody's Looks at Credit Risk, Chief Credit Officer Says | Look ...
Dow Jones2026/10/16 11:00High Rates Have Upturned How Moody's Looks at Credit Risk, Chief Credit Officer Says
Leverage matters more now because interest costs are rising, said Atsi Sheth, the ratings company's chief credit officer.
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Look How Much Money the AI Gods Are Giving Away
Many of the new generation of billionaires are turning to philanthropic organizations tied to the sometimes controversial philosophy known as effective altruism.
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Indonesia Stocks Log Worst Day Since 1998 on MSCI Downgrade Warning
Indonesian stocks suffered their steepest drop since the Asian financial crisis in 1998 after index provider MSCI warned the country risked being removed from its indexes.
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Bank of New York Logs Higher Profit But Flags Market Volatility
Bank of New York Mellon recorded third-quarter growth with a hint of caution, as falling stocks in recent days have put up a few red flags.
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A Global Spending Boom Bodes Well for Europe, Asia, Says KKR's McVey. It Isn't Just AI.
India, Japan, and Poland are just some of the markets that will benefit as companies pursue the "security of everything," says Henry McVey, head of global macro and asset allocation at KKR.
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PNC Revenue Rises on National Expansion
PNC Financial Services Group recorded higher revenue, but came in short of Wall Street's estimates, as profit was dented by $36 million in integration costs tied to its acquisition of FirstBank.
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Mark Walter Probe Dings a Guggenheim Funding Machine That Powers Wall Street
Customers are shying away from doing business with a unit in Mark Walter's empire.
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Interactive Brokers' Profit Climbs, but Customer Stock Trading Slows
Customer trading in futures rise, but stock and options trading volume falls, the brokerage says in its third-quarter report.
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Wells Fargo, Merrill Lynch to Pay $4.4 Million for Alleged Commission Overcharges
Wells Fargo is on the hook for the lion's share of the fine levied by eight states.
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Better.com Adds Former X CEO Linda Yaccarino to Board After Proxy Fight
Linda Yaccarino, the former chief executive of Elon Musk's X, is joining the board of Better.com as the digital mortgage lender looks for stability following a messy and expensive proxy fight.
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TV Azteca Bondholders Seek to Block Plan Recognition in U.S.
Creditors urged a judge to reject chapter 15, alleging that the network manufactured affiliate debt to dilute investors.
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Diversification in Asia Keeps Private Equity Busy, Hamilton Lane's Koh Says
Asia's diversity can be daunting for private-equity investors wary of complexity. But that hasn't stopped some big firms from deepening their presence in the region.
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Rising Rates Threaten Wall Street's Golden Goose in Trading
Weak bond markets undermine what had been a strength for big banks.
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Charles Schwab's Growth Engine Is 'Humming.' The Shares Are Falling Anyway.
The company's third-quarter earnings showed clients were taking out loans and adding funds to their investment accounts.
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A Swiss Banking Giant Thinks the Unthinkable: Moving Out of Switzerland
The bank has received approaches from potential U.S. deal partners as it publicly spars with Swiss politicians over substantially higher capital requirements.
(END) Dow Jones Newswires
October 16, 2026 07:00 ET (11:00 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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VIPCross-Asset Positioning Amid AI Earnings Scrutiny and the US Election
1. Markets diverged during the week. Between the October 23 and October 30 closes, BTC fell 4.78%, the Nasdaq 100 declined 1.98%, and gold and silver dropped 2.72% and 8.59%, respectively. The DAX, KOSPI, Nikkei 225 and Hang Seng advanced. We focus on differences in growth prospects, valuation sensitivity and risk exposures rather than applying a single directional view across assets. 2. Market reactions to Alphabet's and Intel's earnings brought returns on AI investment into focus. Attention is shifting from the scale of capital expenditure to revenue realization, margins and free cash flow. Lower interest rates can ease discount-rate pressure, but a sustained valuation recovery still requires support from both operating performance and financing conditions. 3. The November 3 US midterm elections and November 6 employment report are key events in the coming week. We monitor how post-election fiscal and legislative agendas may affect interest rates, the dollar and industry operating conditions. Our execution priorities are to manage leverage and concentration, retain margin and exit-liquidity buffers, and avoid treating a single political outcome as an automatic trading signal. 4. Following Binance's disclosure of a security incident, industry attention to endpoint protection, access segregation and coordinated incident response has increased. Key assets to monitor: BTC, the Nasdaq 100, crude oil and gold, alongside upcoming earnings from AAPL, AMD, PLTR, ARM, ANET and QCOM.
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