What's News: Business & Finance -- WSJ
May 25 2017 - 2:02AM
Dow Jones News
Prosecutors filed insider-trading charges against one of Wall
Street's best sources of tradable information from the government,
accusing him of relaying tips from a bureaucrat at a key
health-care agency to hedge-fund traders.
Earnings at U.S. firms grew at the fastest pace in nearly six
years in the first quarter, the latest boon to the bull market in
stocks.
Fed officials expected at their latest meeting that it would
"soon be appropriate" to raise rates again, signaling a possible
June move.
U.S. stocks ended higher following release of the Fed minutes.
The Dow gained 74.51 points to 21012.42.
Activist investor Loeb plans to publicly push for changes to the
combination and breakup of Dow Chemical and DuPont.
OPEC and other oil producers are poised to curtail output for at
least another nine months amid pressure from the U.S. shale
sector.
Democratic lawmakers have asked Deutsche Bank for details about
its internal reviews into Russian trades, as well as loans to
Trump.
China's efforts to draw more foreign capital to its financial
markets could become more complicated after the Moody's
downgrade.
A federal appeals court sharply questioned the powers of the
Securities and Exchange Commission's in-house courts.
Blue Cross and Blue Shield of Kansas City plans to exit ACA
exchanges next year.
(END) Dow Jones Newswires
May 25, 2017 02:47 ET (06:47 GMT)
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