Coinbase Blows Past First-Quarter Earnings Estimates. Bitcoin's Boom Bolstered Profits.

Recent euphoria around Bitcoin's acceptance by major institutions probably provided a boost to the company this year, but major threats to its business remain. 


 
Macquarie's Full-Year Profit Falls, Cuts Dividend

Australia's biggest investment bank and asset manager reported a 32% fall in annual profit and cut its dividend by 14%. 


 
Private-Equity Woes Spell Opportunity for Credit-Focused Ares

Leaders of Ares Management say the capital needs of buyout-fund sponsors drive demand for financing. 


 
Apollo Raised $40 Billion in First Quarter, Eyes New Debt Vehicle for Individuals

The alternative-asset manager's earnings rose as investors flocked to private-debt funds. 


 
TD Bank Probe Tied to Laundering of Illicit Fentanyl Profits

The Canadian bank faces three other U.S. probes into its anti-money-laundering controls. 


 
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 


 
Elliott and Warren Buffett Are Now Both Bullish on Japan

Hedge fund Elliott has built a position in Sumitomo, joining Berkshire Hathaway. The trading firm's shares are up 10% this week. 


 
The Treasurys Market Is Getting Squeezed From All Sides

Inflation and deficits are lifting yields and jarring the stock market. 


 
SEC Ends Probe of Barry Diller, David Geffen Trades Before Activision-Microsoft Deal

Regulators have ended an investigation into bets that they made on Activision Blizzard before the videogame company agreed to be acquired by Microsoft. 


 
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.


(END) Dow Jones Newswires

05-03-24 0015ET