<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>

伯克希爾哈撒韋-B

伯克希爾哈撒韋-A

道瓊斯金融服務的頭條突顯了重要的發展：美聯儲的利率路徑充滿不確定性，而儘管違約率高，垃圾債券卻重新吸引了投資者的興趣。對沖基金從一次成功的藥物試驗中獲益，風險投資活動因人工智能競爭而激增。耶魯大學的私募股權策略面臨挑戰，休斯頓的破產申請回升。TD 銀行和 CIBC 報告稱，由於信用損失準備金減少，利潤得以提升。伯克希爾哈撒韋增持三菱的股份，淨零銀行聯盟面臨主要銀行的退出。RBC 報告了強勁的第三季度業績

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

- 美聯儲可能在九月降息，但未來路徑不確定。  
- 投資者重返高風險債券市場，儘管違約率上升。  
- 加拿大皇家銀行第三季度淨收入達 39.1 億，加速增長。  

道瓊斯上午 11 點 ET 的頂級金融服務頭條：美聯儲的動盪引發了關於利率走向的新不確定性 | 垃圾