2-28-18 12:15 AM EST | Email Article
Dina Powell, a Former Trump Adviser, Returns to Goldman Sachs 

Dina Powell, who until recently served as a deputy national security adviser in the Trump White House, is returning to Goldman Sachs Group Inc.

Fidelity Posts Improved Profit 

Fidelity Investments posted record revenue and profit last year as assets hit new highs and investment performance improved. In 2017 Boston-based Fidelity reported $18.2 billion in revenue, up 13.7% from the prior year.

JPMorgan Says Tax Changes Will Lead to More Profitability 

JPMorgan Chase says it is optimistic about 2018 and the impact the new U.S. tax law will have on its financial outlook, moving a key profitability metric to roughly 17% compared with its prior target of 15%.

Goldman Sachs, Adviser to the Elite, Wants to Be Your Local Bank 

The Wall Street powerhouse is hunting for growth in businesses it once dismissed as pedestrian, such as car loans, insurance and wealth management for the masses. One reason: Trading revenue has stalled.

Powell Backs Raising Threshold for 'Systemically Important' Banks 

Federal Reserve Chairman Jerome Powell voiced support for a provision in a bipartisan Senate bill to raise the threshold at which banks are subject to tighter oversight.

Fed's Powell Says His Economic Outlook Has Improved 

Federal Reserve Chairman Jerome Powell said the economy's prospects have brightened, indicating the central bank is on track to keep gradually lifting interest rates and perhaps even pick up the pace this year.

CFTC Steps Up Enforcement Against Fraud, Manipulation 

U.S. derivatives regulators are expected to file "more than 10" fraud and market-manipulation cases in the next weeks as the Commodity Futures Trading Commission chairman implements his back-to-basics approach.

50 Cent Denies Owning Bitcoins 

Rapper 50 Cent said in court papers that he has never owned bitcoins, countering recent news reports that said he kept a secret stash of the volatile digital currency worth millions of dollars during his 2015 bankruptcy.

Dividends Climb, as Does Competition From Bond Yields 

Dividend boosts from an array of companies come as firms report some of their best earnings and sales in years, supporting the nearly nine-year bull run in stocks. But rising bond yields threaten to diminish the allure of high-dividend stocks.

Oilman T. Boone Pickens Is Becoming an ETF 

T. Boone Pickens--the wildcatter, corporate raider, cattle trader and investor--will become an exchange-traded fund on Wednesday.


(END) Dow Jones Newswires

February 28, 2018 00:15 ET (05:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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