Dow Jones Top Financial Services Headlines at 11 AM ET: The Three Minds Leading the Fed's Inflation Rethink | Bitcoin ...

The Three Minds Leading the Fed's Inflation Rethink

Greg Mankiw, Thomas Sargent and William White all have strong ideas about why prices rise. Their work could guide how the Fed fights inflation.

----

Bitcoin Surges as Institutional Demand, Short Covering, Clarity Act Progress Converge

The cryptocurrency jumped more than 9% to hit a peak of $79,455 on Friday-its highest level since late May-as a combination of catalysts coincided.

----

Italy's Monte dei Paschi Makes $40 Billion Move to Buy Rival Banks

The all-share bids for Banco BPM and Banca Generali comes as Monte dei Paschi fights off a takeover offer from Intesa Sanpaolo.

----

The Fall and Redemption of Bill Miller, the Greatest Money Manager of Our Time

He was known as one of the world's best investors, until he got smacked down by the financial crisis. But almost 20 years later, his ideas and legacy resonate strongly.

----

Financial Services Roundup: Market Talk

Find insight on Coinbase, Munich Re and more in the latest Market Talks covering financial services.

----

Layoffs at JPMorgan Hit Highest Level Since 2015

The country's largest bank filed six layoff notices between February and July, impacting nearly 800 employees in Texas, New Jersey, and California.

----

Private-Equity Firms Look for an Exit Three Years After Buying EverBank

The five owners of Florida-based EverBank clashed over its strategy after their 2023 purchase.

----

Rainmakers in Talks to Leave Weil Gotshal Amid Poaching Frenzy

Two groups that include star lawyers are exploring joining rival firms, the latest disruption in Big Law.

----

Private Credit's Next Big Thing Is $1 Trillion in British Pensions

A deal that includes Standard Life, CVC and Goldman Sachs is the latest to tap an increasingly popular source of investor cash.

----

California Draws More Startup Investment Than All Other 49 States Combined

Investors have plowed a record $366 billion in venture-capital funding into the state amid the AI boom.

----

U.S. to Buy Back More Longer-Term Bonds

"The current maximum size of $2 billion per operation will be at least $4 billion per operation," the U.S. Treasury said.

----

Why a Payments Giant Is Paying $7 Billion for the 'Stripe of AI'

The Stripe deal for OpenRouter, founded by an NFT entrepreneur, is a bet on a future where users turn to a mix of AI models.

----

Cantor Lets Hedge Funds Place Big Bets on Kalshi's Prediction Markets

The investment bank will serve as a broker, arranging block trades on everything from weather forecasts to iPhone sales.

(END) Dow Jones Newswires

August 21, 2026 11:00 ET (15:00 GMT)