--- title: "Dow Jones Top Financial Services Headlines at 12 AM ET: 'Tech Is Back': Fund Investors Recovered in April | Not ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/285027024.md" description: "The Dow Jones financial headlines highlight a recovery in tech funds, with a 10.3% increase in April. Berkshire's new CEO, Greg Abel, discusses acquisition targets while ensuring company culture remains intact. The Fed is shifting focus from rate cuts to potential hikes, amidst concerns over new Illinois laws affecting credit card fees. TPG raised over $10 billion in capital, and companies are increasingly turning to cyber insurance due to rising cyberattack risks. Cboe plans to cut 20% of its staff to concentrate on core operations, while Citigroup continues its restructuring efforts under CEO Jane Fraser." datetime: "2026-05-04T04:25:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285027024.md) - [en](https://longbridge.com/en/news/285027024.md) - [zh-HK](https://longbridge.com/zh-HK/news/285027024.md) --- # Dow Jones Top Financial Services Headlines at 12 AM ET: 'Tech Is Back': Fund Investors Recovered in April | Not ... 'Tech Is Back': Fund Investors Recovered in April After a rough first quarter, the average stock fund jumped 10.3% for the month. Plus: A Financial Flashback to the 130th anniversary of the Dow. \---- Not All Total Bond Market ETFs Are the Same. Here's What to Know. Not understanding the difference between similarly named funds can be costly \---- Berkshire CEO Greg Abel Takes the Stage, Making a Case for the Post-Buffett Era New leader says company has shortlist of acquisition targets, as its cash pile grows; assures investors that culture isn't changing. \---- After Months of Debating Rate Cuts, Fed Shifts Toward Mapping Out Hikes Three regional bank presidents opposed signaling rate cuts-guidance outgoing Chair Jerome Powell offered little reason to keep. \---- The Fees That Fund Your Rewards Credit Card Are Facing a State Battle An Illinois law set to go into effect this summer would ban interchange fee on taxes and tips, and has banks up in arms. \---- TPG Looks to Cash In on Market Turbulence TPG raised more than $10 billion in new capital during the recent quarter, bringing its total dry powder at the end of the period to nearly $73 billion. \---- Security Strategies Shift Focus to Cyber Insurance With cyberattacks a when-not-if scenario, companies increasingly rely on insurers to minimize financial pain when prevention fails. \---- Risks From Iran War Sway Minneapolis Fed President's Dissent Neel Kashkari wrote Friday that the central bank should signal that its next rate change could be either a cut or a hike. \---- Cboe Is Slashing 20% of Its Staff in Bid to Focus on Core Businesses The derivatives exchange will also tighten its work-from-home policies and offer voluntary-retirement packages to older employees. \---- Ares Management Raises Record $30 Billion in First Quarter Despite Market Fears The firm dismissed concerns surrounding private-credit fund redemption requests and artificial intelligence disruption. \---- Berkshire Has a Website From the '90s and Buffett Fans Say Don't Mess With It The conglomerate's home page looks like it hasn't been updated in decades. If the new CEO tries to change it, he might have a problem. \---- Jane Fraser Turned Citigroup Inside Out. Now Comes the Hard Part. Under the CEO, the long-beleaguered bank is working through its 13th restructuring. Can Citi shed its longstanding reputation as the banking sector's laggard? (END) Dow Jones Newswires May 04, 2026 00:15 ET (04:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [BRK.B.US](https://longbridge.com/en/quote/BRK.B.US.md) - [BRK.A.US](https://longbridge.com/en/quote/BRK.A.US.md) - [TPG.US](https://longbridge.com/en/quote/TPG.US.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [CBOE.US](https://longbridge.com/en/quote/CBOE.US.md) - [ARES.US](https://longbridge.com/en/quote/ARES.US.md) - [ARES-B.US](https://longbridge.com/en/quote/ARES-B.US.md) ## Related News & Research - [Ackman and Berkshire Are Betting Against Each Other on AI](https://longbridge.com/en/news/286940910.md) - [Buffett’s record cash reserve signals caution as he retires](https://longbridge.com/en/news/286493993.md) - [Warren Buffett’s Berkshire Hathaway Dumped 16 Stocks in Q1, But the Chevron Sale Was the Largest](https://longbridge.com/en/news/286904279.md) - [Woodline Partners boosts Berkshire Hathaway B stake by 36,754 shares](https://longbridge.com/en/news/286659454.md) - [Did Citigroup’s (C) New China Securities License Just Recast Its Institutional-Focused Investment Narrative?](https://longbridge.com/en/news/286881825.md)