$DB

Sector Update: Financial Stocks Retreat Monday Afternoon

Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.5%.The Philadelphia Housing Index eased 0.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.4%.Bitcoin (BTC-USD) was rising 2.6% to $78,780, and the yield for 10-year US Treasuries was decreasing 2 basis points to 4.955%.In economic news, the US Federal Reserve is expected to raise interest rates by 25 basis points at this week's policy meeting, with its latest "dot plot" likely signaling another hike later this year, UBS Securities said in a note e-mailed Monday. The Federal Open Market Committee kicks off its two-day meeting on Tuesday, with a decision due Wednesday. The committee will also publish its Summary of Economic Projections document that includes FOMC members' anonymous expectations regarding monetary policy, dubbed the dot plot.In corporate news, Baldwin Insurance (BWIN) has agreed to be acquired and taken private by a consortium that includes the family investment firm of Dell Technologies (DELL) Chief Executive Michael Dell, in a deal worth $7.7 billion. Baldwin shares jumped 7.6%.JPMorgan (JPM) is set to launch its frontier market local-currency government bond index by the end of September, Reuters reported, citing a JPMorgan note to investors. JPMorgan shares were down 2.3%.Santander (SAN), BBVA (BBVA) and Deutsche Bank (DB) are working on several significant risk transfer, or SRT, deals, Bloomberg reported. The European banking giants are lining up deals to offload default risk linked to at least $17.5 billion in loans to companies in several sectors, the report said. Santander shares were down 1.8%, BBVA shed 1.7%, and Deutsche Bank fell 3.3%.

Update: Market Chatter: Banco Santander, BBVA, Deutsche Bank Working on Several Significant Risk Transfer Deals

(Updates with response from Deutsche Bank in the sixth paragraph.)Banco Santander (SAN), BBVA (BBVA) and Deutsche Bank (DB) are working on several significant risk transfer, or SRT, deals, Bloomberg reported Monday, quoting unidentified sources.The European banking giants are lining up deals to offload default risk linked to at least $17.5 billion in loans to companies in several sectors, the report said.Santander is discussing five SRT deals on portfolios that include commercial real estate loans originated by its UK unit, and also financings to small- and mid-size companies in Brazil, the report said.BBVA is working on an SRT deal linked to 5 billion euros ($5.8 billion) of corporate loans and is also in talks for a deal related to loans to smaller firms, the report said.Deutsche Bank has started the planned sale of an SRT deal to hedge $4 billion of large corporate loans, the report said.A Deutsche Bank spokesperson declined to comment to.Santander and BBVA didn't immediately respond to requests for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $28.91, Change: $-0.65, Percent Change: -2.18%

Update: Market Chatter: Uber Targets 4 Billion Euros From Five-Tranche Euro Bond Deal, Deal Size Could Increase

(Updates with more details on the transaction in the headline and second paragraph.)Uber Technologies (UBER) launched its inaugural five-tranche euro bond offering, which is expected to be priced on the same day, Bloomberg News reported Wednesday, citing a person familiar with the matter.The company expects the transaction to raise around 4 billion euros, although the deal could be expanded, according to separate people familiar with the matter.The company is marketing fixed-rate debt with terms ranging between three and 20 years, with initial yield spreads from 75 to 80 basis points over mid-swaps for the shortest-dated tranche to about 200 basis points for the longest, the news outlet quoted the source as saying.Goldman Sachs (GS), Bank of America (BAC), Deutsche Bank (DB), and Morgan Stanley (MS) are lead-managing the debt issuance, among others, Bloomberg News reported.Uber Technologies, Goldman Sachs, Bank of America, Deutsche Bank, and Morgan Stanley did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: Uber Technologies Launches Initial Five-Tranche Euro Bond Deal

Uber Technologies (UBER) launched its inaugural five-tranche euro bond offering, which is expected to be priced on the same day, Bloomberg News reported Wednesday, citing a person familiar with the matter.The company is marketing fixed-rate debt with terms ranging between three and 20 years, with initial yield spreads from 75 to 80 basis points over mid-swaps for the shortest-dated tranche to about 200 basis points for the longest, the news outlet quoted the source as saying.Goldman Sachs (GS), Bank of America (BAC), Deutsche Bank (DB), and Morgan Stanley (MS) are lead-managing the debt issuance, among others, Bloomberg News reported.Uber Technologies, Goldman Sachs, Bank of America, Deutsche Bank, and Morgan Stanley did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Market Chatter: Uber Schedules Meetings for Initial Five-Part Euro Bond Offering

Uber Technologies (UBER) scheduled investor meetings on Sept. 7 and 8 for a potential maiden five-part euro bond sale, Bloomberg News reported Monday, citing an unnamed person familiar with the matter.The company engaged Goldman Sachs (GS), BNP Paribas, Bank of America (BAC), Deutsche Bank (DB), and Morgan Stanley (MS) as bookrunners for the proposed transaction, the news outlet quoted the person as saying.The debt offering is slated to include fixed-rate notes for three-, six-, eight-, 12-, and 20-year maturities, Bloomberg News reported, citing the person.Uber, Goldman Sachs, BNP Paribas, Bank of America, Deutsche Bank, and Morgan Stanley did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Sector Update: Financial Stocks Retreat Late Afternoon

Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.8%.The Philadelphia Housing Index rose 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.6%.Bitcoin (BTC-USD) was falling 1.8% to $79,763, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.784%.In economic news, total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey.The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 60% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.President Donald Trump called on the Federal Reserve to lower interest rates, saying the US economy is a stronger credit than it was before. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate."In corporate news, Blue Owl Capital (OWL) is planning to create a real estate investment trust for data centers and seek a public listing, Bloomberg reported. The REIT would be seeded with $6.5 billion of Blue Owl's existing data-center assets and then raise money through an IPO and additional share sales to expand the portfolio, the report said. Blue Owl shares were down 1%.Equifax (EFX), Experian and TransUnion (TRU) "have been overcharging Americans for far too long," US Federal Housing Finance Agency Director Bill Pulte said late Thursday on X, adding that his agency is considering solutions to prevent the companies from taking advantage of American consumers. Equifax shares dropped 6.5%, and TransUnion fell 5.8%.Deutsche Bank (DB) led an effort to provide about $950 million of credit to properties owned by troubled Hollywood studio landlord Hackman Capital Partners, which is now in default, the Financial Times reported. Deutsche shares were down 0.5%.Robinhood's (HOOD) blockchain-based transaction fees, known as chain revenue, are surging and are on track to surpass a $100 million annualized run rate, Deutsche Bank said in a note. Deutsche raised its price target to $135 from $115 while keeping its buy rating. Shares were shedding 1.9%.

Sector Update: Financial Stocks Retreat Friday Afternoon

Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index decreasing 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.7%.The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.3%.Bitcoin (BTC-USD) was falling 1.7% to $79,712, and the yield for 10-year US Treasuries was steady at 4.762%.In economic news, total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey.The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 60% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.President Donald Trump called on the Federal Reserve to lower interest rates, saying the US economy is a stronger credit than it was before. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate."In corporate news, Equifax (EFX), Experian and TransUnion (TRU) "have been overcharging Americans for far too long," US Federal Housing Finance Agency Director Bill Pulte said late Thursday on X, adding that his agency is considering solutions to prevent the companies from taking advantage of American consumers. Equifax shares fell 7.3%, and TransUnion dropped 7.4%.Jason Mehring was appointed as chief executive and chair of BlackRock (BLK) Private Credit Fund, BlackRock Direct Lending and BlackRock TCP Capital (TCPC), starting Sept. 2, following the resignation of Philip Tseng from the posts on Aug. 31, according to a regulatory filing Friday. BlackRock shares were shedding 0.4%.Deutsche Bank (DB) led an effort to provide about $950 million of credit to properties owned by troubled Hollywood studio landlord Hackman Capital Partners, which is now in default, the Financial Times reported. Deutsche shares were down 0.4%.

Sector Update: Financial Stocks Lean Lower Premarket Friday

Financial stocks were leaning lower premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.6%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.6% higher.AMC Entertainment (AMC) CEO Adam Aron criticized Robinhood Markets (HOOD) on X Thursday after the digital trading platform launched a tokenized version of AMC shares, referring to the practice as "contemptible" and "outrageous". Shares of Robinhood Markets were down more than 3% pre-bell.Deutsche Bank (DB) led an effort to provide about $950 million of credit to properties owned by troubled Hollywood studio landlord Hackman Capital Partners, which is now in default, the Financial Times reported, citing court records and people familiar with the matter. Deutsche Bank stock was 0.9% lower premarket.KKR's (KKR) KKR-Income Trust I saw investor withdrawal requests fall to about 2.5% of net asset value in the Q3 2026, Bloomberg reported. KKR shares were down more than 1% pre-bell.

Sector Update: Financial Stocks Edge Higher Late Afternoon

Financial stocks were edging higher late Tuesday afternoon, with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.1%.The Philadelphia Housing Index increased 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) advanced 0.1%.Bitcoin (BTC-USD) was shedding 0.3% to $78,919, and the yield for 10-year US Treasuries dropped 7.9 basis points to 4.63%.In economic news, US consumer confidence fell in August amid a decline in the expectations index, with a "more pessimistic" outlook for business conditions and the labor market ahead, the Conference Board said Tuesday. The consumer confidence index fell to 89.4 this month from July's reading of 90.2, which was the consensus in a Bloomberg survey.In corporate news, UBS (UBS) is expanding its efforts to offer customers deposits with Middle East lenders to take advantage of higher regional savings rates, Bloomberg reported. UBS shares rose 1.1%.Apollo Global Management (APO), KKR (KKR) and IFM Investors are the finalists for a majority stake in Associated British Ports, the UK's largest port operator, Bloomberg reported. Apollo shares rose 0.3%, and KKR was up 0.2%.Alphabet's (GOOGL) Google Cloud said Tuesday it has launched a new agentic AI service for financial professionals, with Deutsche Bank (DB) and CME (CME) among those firms granted early access. Deutsche shares rose 1.6%, and CME was down 0.7%.Bank of Nova Scotia (BNS) shares jumped past 7% after it reported better-than-expected Q3 results.

Sector Update: Financial Stocks Mixed Tuesday Afternoon

Financial stocks were mixed in Tuesday afternoon trading, with the NYSE Financial Index up 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower.The Philadelphia Housing Index was decreasing 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) advanced 0.2%.Bitcoin (BTC-USD) was up 0.3% at $78,980, and the yield for 10-year US Treasuries dropped 6.1 basis points to 4.643%.In economic news, US consumer confidence fell in August amid a decline in the expectations index, with a "more pessimistic" outlook for business conditions and the labor market ahead, the Conference Board said Tuesday. The consumer confidence index fell to 89.4 this month from July's reading of 90.2, which was the consensus in a Bloomberg survey.In corporate news, Apollo Global Management (APO), KKR (KKR) and IFM Investors are the finalists for a majority stake in Associated British Ports, the UK's largest port operator, Bloomberg reported. Apollo shares eased 0.1%, and KKR was up 0.2%.Alphabet's (GOOGL) Google Cloud said Tuesday it has launched a new agentic AI service for financial professionals, with Deutsche Bank (DB) and CME (CME) among those firms granted early access. Deutsche shares rose 1%, and CME was down 0.6%.Bank of Nova Scotia (BNS) shares jumped past 6% after the company reported better-than-expected Q3 results.JPMorgan Chase (JPM) is easing a 135-day restriction on lending against shares of newly listed companies as Wall Street targets wealth created by IPO of AI companies, the Financial Times reported. Separately, JPMorgan and Santander (SAN) are leading a financing package of roughly $14 billion to $15 billion for Argentina LNG, Bloomberg reported. JPMorgan shares were down 0.2%, and Santander shed 0.8%.

Top Midday Stories: Dick's Sporting Goods Earnings, Guidance Undershoot Targets; SpaceX Targets Q4 2027 for First AI Satellite Launches

The Nasdaq Composite and S&P 500 Index were up, while the Dow Jones Industrial Average was roughly flat in late-morning trading, as longer-dated Treasury bond yields were down slightly and investors looked ahead to Nvidia's (NVDA) earnings results on Wednesday.Canada will impose counter tariffs of 15%, 25% or 50% on about $20 billion of imports from the US, effective Sept. 8, in response to President Donald Trumps recent announcement of 50% tariffs on roughly $20 billion of Canadian goods, Canadian Finance Minister Francois-Philippe Champagne said Tuesday at a press conference.In company news, Dick's Sporting Goods (DKS) reported fiscal Q2 non-GAAP earnings Tuesday of $3.53 per diluted share, down from $4.38 a year ago and below the FactSet consensus analyst estimate of $3.76. Fiscal Q2 net sales were $5.59 billion, up from $3.65 billion a year ago but below the FactSet consensus of $5.64 billion. For fiscal 2026, the company expects non-GAAP EPS of $11 to $12, down from its prior guidance of $13.50 to $14.50 and below the FactSet consensus of $14.28. Full-year net sales are expected to be between $21.9 billion and $22.2 billion, down from Dick's previous guidance of $22.1 billion to $22.4 billion and below the FactSet consensus of $22.33 billion. Shares of Dick's were down 27.6% around midday.SpaceX (SPCX) plans to launch its first artificial intelligence satellites run by Nvidia chips in Q4 2027, with the network expected to reach significant scale in 2028, Chief Executive Elon Musk said Monday on X. SpaceX shares were up 3.3%.Alphabet's (GOOG, GOOGL) Google Cloud said Tuesday it has launched a new agentic AI service for financial professionals, with Deutsche Bank (DB) and CME Group (CME) among those firms granted early access. Gemini Enterprise for Financial Services includes the Financial Research agent, skills to create shortcuts for repetitive tasks, integrations to FactSet (FDS) and Moody's (MCO), a third-party agent ecosystem and the Gemini Enterprise platform, the company said. Separately, Alphabet's Waymo said Tuesday it plans to establish a fully autonomous ride-hailing network in Munich. Alphabet's Class C and Class A shares were both down 0.5%, while Deutsche Bank and CME Group shares were up 1.0% and down 0.4%, respectively.Bank of Montreal (BMO) reported fiscal Q3 adjusted EPS Tuesday of 3.96 Canadian dollars ($2.86), up from CA$3.23 a year earlier and above the FactSet consensus of CA$3.77. Fiscal Q3 revenue was CA$9.9 billion, up from CA$8.99 billion a year ago and above the FactSet consensus of CA$9.73 billion. The bank said it plans to repurchase for cancellation up to 25 million of its common shares under a normal course issuer bid. The buyback program is expected to start around Sept. 8 and run until Sept. 7, 2027, the company said. Bank of Montrea shares were down 0.3%.Bank of Nova Scotia (BNS) reported fiscal Q3 adjusted EPS Tuesday of CA$2.28, up from CA$1.88 a year earlier and above the FactSet consensus of CA$2.10. Fiscal Q3 revenue was CA$10.54 billion, up from CA$9.49 billion a year ago and above the FactSet consensus of CA$9.98 billion. Scotiabank shares were up 4.9%.Price: $211.22, Change: $+2.74, Percent Change: +1.31%

Update: Market Chatter: Deutsche Bank Rebuilding Energy Trading Unit After Long Absence From Sector

(Updates with Deutsche Bank's response to a request for comment in the last paragraph.)Deutsche Bank (DB) has made a slew of hires as part of a plan to rebuild its energy trading business after largely exiting the commodities sector over a decade ago, Bloomberg reported Thursday, citing people familiar with the matter.The bank has hired two former Goldman Sachs (GS) traders and at least two senior Morgan Stanley (MS) commodity sales executives as part of the effort, the report said, citing the people."We've seen strong demand from our corporate clients for energy solutions in recent years," Deutsche Bank said in a statement. "Given this, and the strategic importance of energy, we are further building up our capabilities so that we can support our corporate clients globally in line with our Global Hausbank strategy of providing a full client service."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Sector Update: Financial Stocks Lower in Afternoon Trading

Financial stocks declined in Thursday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each decreasing about 0.4%.The Philadelphia Housing Index was falling 1.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.4%.Bitcoin (BTC-USD) climbed up 4.8% to $72,601, and the yield for 10-year US Treasuries was rising 4.9 basis points to 4.70%.In economic news, US Treasury Secretary Scott Bessent said the department's government debt buyback program could surpass the previously announced $4 billion, CNBC reported Thursday, citing an interview with the official. Bessent also said the US' plans to step up economic pressure on Iran will likely negate the need to wage further military operations, CNBC reported.The Conference Board's measure of leading indicators rose by 0.2% in July, a larger gain than the 0.1% increase expected in a Bloomberg survey, and following a 0.1% decrease in June.The Philadelphia Federal Reserve's monthly manufacturing index rose to 47.4 in August, compared with 41.4 in July and an anticipated decrease to a 24.1 print in a Bloomberg survey.According to the US Labor Department, US initial jobless claims fell to 206,000 in the week ended Aug. 15 from an upwardly revised 212,000 in the week earlier, and lower than the 210,000 expected in a Bloomberg survey.In corporate news, Intercontinental Exchange (ICE) is looking at participating in Polymarket's latest funding round, Bloomberg reported, citing an interview with the New York Stock Exchange parent company's CEO Jeff Sprecher. Sprecher said ICE would look at it, if it would help the round, after investing $1.64 billion in Polymarket through two funding rounds, the report said. Shares rose 1.6%.Prudential Financial's (PRU) asset-management arm PGIM said Thursday that its has agreed to buy up to $3 billion of home improvement loans from GreenSky under a three-year forward flow agreement. Shares were down 0.7%.Virtu Financial (VIRT) is exploring a potential sale of its brokerage and technology unit in a deal that could be worth up to $3.5 billion to $4 billion, Bloomberg reported. Virtu shares gained past 3%.Deutsche Bank (DB) has made a slew of hires as part of a plan to rebuild its energy trading business after largely exiting the commodities sector over a decade ago, Bloomberg reported Thursday. Deutsche shares fell 1.1%.

Market Chatter: Deutsche Bank Rebuilding Energy Trading Unit After Long Absence From Sector

Deutsche Bank (DB) has made a slew of hires as part of a plan to rebuild its energy trading business after largely exiting the commodities sector over a decade ago, Bloomberg reported Thursday, citing people familiar with the matter.The bank has hired two former Goldman Sachs (GS) traders and at least two senior Morgan Stanley (MS) commodity sales executives as part of the effort, the report said, citing the people.Deutsche Bank didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Deutsche Bank Rebuilding Energy Trading Unit After Long Absence From Sector, Bloomberg Reports

Update: Market Chatter: Glencore Had Deal for Minority Stake in Radiant World in Late 2025

(Update with Glencore's response to a request for comment in the last paragraph.)Glencore acquired warrants in late 2025 that would have given it a minority stake in Radiant World, a few months before the London-listed commodity giant moved to cut ties with the troubled iron ore trader, Bloomberg reported Monday, citing people familiar with the matter.Radiant World has come under pressure amid concerns that it provided falsified documents to banks.Glencore holds warrants that could be converted into a stake of less than 5% in Radiant World, but it has not exercised them, Bloomberg reported.Jefferies Financial Group's (JEF) Point Bonita fund has been reviewing its exposure to Radiant World, according to an earlier Bloomberg report. Deutsche Bank (DB) and KBC Group froze some of Radiant World's bank accounts in Singapore, according to a separate Bloomberg report from Aug. 6.Glencore declined to comment, while Radiant World did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $54.80, Change: $-0.34, Percent Change: -0.62%

Market Chatter: Glencore Had Deal for Minority Stake in Radiant World in Late 2025

Glencore acquired warrants in late 2025 that would have given it a minority stake in Radiant World, a few months before the London-listed commodity giant moved to cut ties with the troubled iron ore trader, Bloomberg reported Monday, citing people familiar with the matter.Radiant World has come under pressure amid concerns that it provided falsified documents to banks.Glencore holds warrants that could be converted into a stake of less than 5% in Radiant World, but it has not exercised them, Bloomberg reported.Jefferies Financial Group's (JEF) Point Bonita fund has been reviewing its exposure to Radiant World, according to an earlier Bloomberg report. Deutsche Bank (DB) and KBC Group froze some of Radiant World's bank accounts in Singapore, according to a separate Bloomberg report from Aug. 6.Glencore and Radiant World did not immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $54.60, Change: $-0.54, Percent Change: -0.98%

Sector Update: Financial Stocks Softer Friday Afternoon

Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.2%.The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.2%.Bitcoin (BTC-USD) was down 0.3% to $63,042, and the yield for 10-year US Treasuries was rising 5.5 basis points to 4.70%.In economic news, retail sales slid 0.6% in July amid declines in spending on motor vehicles and at gas stations, following a 0.2% increase in June, the Census Bureau reported Friday. The consensus was for 0.1% growth, according to a survey compiled by Bloomberg.The probability of the Federal Reserve extending its policy pause to September jumped to almost 70% by Friday afternoon, from 56% a week ago, according to the CME FedWatch tool, building on gains after data this week showed headline and core consumer and wholesale price inflation rates declined year over year in July.The University of Michigan's preliminary consumer sentiment index fell to 51.0 in August from 55.2 in July, below expectations for a much smaller decrease to 55.0 in a Bloomberg-compiled survey.In corporate news, the US Justice Department and the Commodity Futures Trading Commission are investigating Radiant World's iron ore trades amid concerns that it provided banks with falsified documents, Bloomberg reported. Jefferies Financial's (JEF) Point Bonita fund is reviewing its exposure to Radiant World, Bloomberg reported two weeks ago. Deutsche Bank (DB) and KBC have frozen some of Radiant World's bank accounts in Singapore, according to a separate Bloomberg report on Aug. 6. Jefferies shares were down 1.6%, and Deutsche was up 0.3%.JPMorgan Chase (JPM) has cut off banking access for prediction-market platform Polymarket over regulatory concerns, the Financial Times reported. The FT said the move comes as US regulators, including the Commodity Futures Trading Commission, maintain scrutiny of prediction markets. JPMorgan shares were shedding 0.2%.Nu (NU) shares jumped 8.3% after the company reported overnight a year-over-year surge in Q2 net income and revenue.

Market Chatter: DOJ, CFTC Probing Radiant World Deals Amid False Document Concerns

The Justice Department and the Commodity Futures Trading Commission are investigating Radiant World's iron ore trades amid concerns that it provided banks with falsified documents, Bloomberg reported Friday, citing people familiar with the matter.Jefferies Financial Group's (JEF) Point Bonita fund is reviewing its exposure to Radiant World, Bloomberg reported two weeks ago. Deutsche Bank (DB) and KBC Group have frozen some of Radiant World's bank accounts in Singapore, according to a separate Bloomberg report on Aug. 6.The DOJ, CFTC and Radiant World didn't reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $54.92, Change: $-0.94, Percent Change: -1.68%

DOJ, CFTC Probing Radiant World Deals Amid False Document Concerns, Bloomberg Reports

DOJ, CFTC Probing Radiant World Deals Amid False Document Concerns, Bloomberg Reports