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Meta Escapes CFPB Probe Into Financial Services Advertising

Facebook and Instagram parent Meta Platforms Inc. said it is no longer facing potential penalties from the Consumer Financial Protection Bureau over advertising for financial services on its platforms.

By Evan Weinberger

Prophecy Fund Collapse Leading to More Guilty Pleas, US Says

A prosecutor said more people will plead guilty over the 2020 collapse of Prophecy Asset Management, which the US says cost investors $294 million.

NY Financial Services Superintendent Rejoins Sullivan & Cromwell

Adrienne Harris joined Sullivan & Cromwell as of counsel and policy adviser in its New York office, the firm announced Thursday.

Ex-McKinsey Consultants Are Training AI Models to Replace Them

The consulting sector has been buffeted by headwinds in key markets from the UK and China to Saudi Arabia and Australia in recent years. But its latest challenge might come from within.

BNY Sued by Former Employee Seeking Severance After Termination

A former Bank of New York Mellon Corp. employee filed a federal lawsuit saying he was wrongfully denied severance benefits under the bank’s employee welfare benefit plan.

Gold Pushes Higher as Market Digests Outcome of Xi-Trump Meeting

Gold advanced following a run of losses, as traders digested the outcome of a meeting between US President Donald Trump and Chinese leader Xi Jinping.

Powell’s December Warning Exposes Hardening Divisions at Fed

Federal Reserve Chair Jerome Powell’s blunt warning that investors need to rein in expectations for a December interest-rate cut underscored a growing tug-of-war among US policymakers who are opposed in their outlooks for jobs and inflation.

Euro-Zone Economy Grows More Than Expected as France Surges

The euro-area economy expanded more than anticipated, displaying resilience to higher US tariffs with France recording its strongest growth in over two years.

JPMorgan’s Top Banker in Europe Predicts ‘Big M&A’ Next Year

A top JPMorgan Chase & Co. banker predicted that a surge in big-ticket dealmaking activity in Europe and business from new companies mushrooming in the Middle East as part of ambitious diversification efforts will drive the firm’s business in the wider region in coming years.

Ares to Buy BlueCove In Systematic Credit Investing Push

Ares Management Corp. said it agreed to acquire fixed-income manager BlueCove Ltd. to expand in the fast-growing business of systematic credit investing.