Robinhood's stock jumps 4% after $1 billion buyback unveiled 

Shares of Robinhood Markets Inc. rose more than 5% in the extended session Tuesday after the online broker said its board approved a $1 billion share buyback program.

Bullish Investors Are Piling Into Stock and Bond Funds 

The flows mark a break from risk aversion and an embrace of the narrative that a strong U.S. economy will support financial markets.

PayPal Is Planning an Ad Business Using Data on Its Millions of Shoppers 

Payments company hires Uber's former head of advertising to run a new ad division.

New Mexico State Investment Council Earmarks Over $500 Million for Private-Markets Funds 

The state is making a major commitment to new infrastructure funds managed by Ardian and Antin Infrastructure Partners.

Private-Equity Giants Near Settlements With SEC Over Texting Violations 

Blackstone, TPG and Carlyle Group disclosed that they have been cooperating with the Securities and Exchange Commission.

Private-Equity Leaders Tout Industry Comeback, but Hiring Lags 

Buyout firms remain reluctant to add staff, raise pay following the industry's postpandemic hiring binge.

Rate Hikes Aren't Off the Table, Fed's Kashkari Says 

The most likely outcome is an extended period of rates at their current level, but the Fed could raise them again if inflation picks up.

Wall Street's Favorite Recession Indicator Is in a Slump of Its Own 

Treasury yields have been inverted for the longest stretch on record.

FTX's Ryan Salame, One of Sam Bankman-Fried's Associates, Is Sentenced to 7 1/2  Years 

The judge said Salame's efforts to undermine transparency in the 2022 election merited a substantial penalty to deter others.

ABN AMRO to Buy Private German Bank for $730 Million 

The Dutch bank is acquiring Hauck Aufhauser Lampe from Fosun, solidifying its position as one of Germany's top three wealth-management firms.

(END) Dow Jones Newswires

05-29-24 0715ET