News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

Draghi Is Likely to Lay Out End to Europe's Quantitative Easing

Continue Reading Below

In his return to the Fed's symposium in Jackson Hole, Wyo., this week, European Central Bank President Mario Draghi is expected to set out the case for ending quantitative easing-the program he introduced at the event three years earlier.

Investors Grapple With Signs of Unrest

Investors are running out of reasons to keep buying U.S. stocks, exposing a growing number of warning signs. Many agree the indiscriminate optimism that characterized the postelection rally is evaporating.

Investors Pull Back From Gundlach's Biggest Fund at DoubleLine

Bond investors once eager to be in Jeffrey Gundlach's white-hot DoubleLine Total Return bond fund have pulled out $8.5 billion since its September 2016 peak-an abrupt reversal for the outspoken fund manager.

Continue Reading Below

Mystery Bidder Emerges to Challenge Buffett for Oncor

Warren Buffett's battle for control of a Texas power company took a turn as a new mystery bidder emerged to challenge Berkshire Hathaway Inc.'s $9 billion offer.

Carl Icahn Resigns as Special Adviser to President

Billionaire investor Carl Icahn stepped down, saying he didn't want "partisan bickering" to cloud the work of the Trump administration.

SEC to Drop Civil Charges Against Ex-J.P. Morgan 'London Whale' Traders

Federal regulators said they would drop civil charges against two former J.P. Morgan Chase & Co. traders at the center of the 2012 "London Whale" saga, ending the last U.S. case against traders involved in a debacle that cost the New York bank more than $6 billion.

Why Lawsuits Targeting Stock Losses Are on the Rise

This year has seen a historic number of class-action securities lawsuits. Law firms are increasingly bringing securities cases targeting business disruptions or disasters, failed pharmaceutical trials and disappointing earnings.

Smaller Firms Are Winning the Deals

Merger and acquisition activity is retreating, but some boutique investment banks are still raking in fees.

China Curbs Hollywood Deals, but Greenlights Tech Investments

China formalized existing measures that curb outbound investment in sectors such as property, hotels, cinema, entertainment and sports teams-but not in technology.

The Latest Front in Battling Hate Groups: Credit Cards

Payments and credit-card companies including American Express, Discover and PayPal are booting dozens of individuals and groups associated with right-wing extremist movements off their systems.

(END) Dow Jones Newswires

August 21, 2017 07:15 ET (11:15 GMT)