<div id="readability-page-1"><div> Fed Upheaval Sows New Uncertainty About Path of Rates A September cut is likely, but the breadth of support and the path afterward are up in the air. ---- Junk Bonds Are on a Tear This Summer Investors are piling back into funds that buy junk-rated corporate bonds and loans, despite elevated default rates. ---- How Hedge Funds Won Big on an Obscure Drugmaker Results of a Paris company's late-stage drug trial helped turn things around for healthcare-focused funds, which struggled in the first half of the year. ---- VCs Had No Time Off This Summer. Blame AI. No summer lull, no breather on weekends and deals that can get snatched up in an evening: The metabolism of venture has been dialed even higher by fierce competition for AI startups. ---- Yale's Trendsetting Private-Equity Strategy Is Getting Harder to Pull Off Universities and other institutions have built up large private-equity holdings, but they are now lagging behind the S&amp;P 500 and aren't easy to shed. ---- Houston Regains Traffic in Large Bankruptcy Filings Following Dip in Ethics Scandal The Texas court handled 29% of large chapter 11 cases in the 12 months ended June, rebounding from a decline after former chief judge's resignation. ---- TD Bank, CIBC Results Echo Peers Buoyed by Lower Credit-Loss Provisions Toronto-Dominion Bank swung to a profit in the latest quarter after absorbing hefty charges last year for the investigation into its U.S. anti-money-laundering program's failings and as its provision for credit losses fell. ---- Chinese Money Launderers Are Moving Billions Through U.S. Banks The black market for U.S. cash may have driven as much as $312 billion in illicit money flows through financial institutions. ---- Berkshire Hathaway Raises Stake in Mitsubishi Warren Buffett's Berkshire Hathaway has increased its stake in trading house Mitsubishi Corp., taking it to more than 10%. ---- Financial Services Roundup: Market Talk Find insight on European banks, U.K. taxes and more in the latest Market Talks covering financial services. ---- Net-Zero Banking Alliance Suspends Activities Amid Wave of Departures Banks including JPMorgan, Citi and UBS left the NZBA in the past year as they faced pressure from the Trump administration to ditch green pledges. ---- Royal Bank of Canada Third-Quarter Results Buoyed by Lower Loan-Loss Provision The country's largest lender posted a net income of $3.91 billion, beating expectations, and saw growth across its major segments. <pre></pre> (END) Dow Jones Newswires September 01, 2025 11:15 ET (15:15 GMT)Copyright (c) 2025 Dow Jones &amp; Company, Inc.</div></div>

伯克希尔哈撒韦-B

伯克希尔哈撒韦-A

道琼斯金融服务的头条突显了重要的发展：美联储的利率路径充满不确定性，而尽管违约率高，垃圾债券却重新吸引了投资者的兴趣。对冲基金从一次成功的药物试验中获益，风险投资活动因人工智能竞争而激增。耶鲁大学的私募股权策略面临挑战，休斯顿的破产申请回升。TD 银行和 CIBC 报告称，由于信用损失准备金减少，利润得以提升。伯克希尔哈撒韦增持三菱的股份，净零银行联盟面临主要银行的退出。RBC 报告了强劲的第三季度业绩

Dow Jones Top Financial Services Headlines at 11 AM ET: Fed Upheaval Sows New Uncertainty About Path of Rates | Junk ...

- 美联储可能在九月降息，但未来路径不确定。  
- 投资者重返高风险债券市场，尽管违约率上升。  
- 加拿大皇家银行第三季度净收入达 39.1 亿，加速增长。  

道琼斯上午 11 点 ET 的顶级金融服务头条：美联储的动荡引发了关于利率走向的新不确定性 | 垃圾