Jury selection begins in bribery case against Sen. Bob Menendez in New York
The New Jersey Democrat has pleaded not guilty to charges alleging he received “hundreds of thousands of dollars” in cash and gold bars in return for “official acts.”
How the Fed’s quest for transparency made markets more volatile
Markets often respond to Fed comments with big price swings, and recent research shows they are particularly reactive to Fed Chair Jerome Powell.
Biden administration says Israel is not violating U.S. weapons terms
The report to Congress said while it was “reasonable to assess” that Israel has violated international law in Gaza, the U.S. hasn’t been able to verify instances that would justify withholding military aid.
Wall Street expects rate hikes are off the table for now. Next week’s inflation data will test that thesis
A reading that comes in line with expectations could signal further upside ahead for stocks, while a significantly hotter print could spook investors.
How retailers like Best Buy, T.J. Maxx and Home Depot quietly target ‘problem’ returners
The latest crackdown on returns is only that latest effort by retailers to tamp down on return losses, with many U.S. names using third-party tracking software.
Consumer sentiment tumbles as inflation fears surge
The University of Michigan Survey of Consumers posted a reading of 67.4 for May, down from 77.2 in April.
Two political operatives struck plea deals in Rep. Henry Cuellar’s bribery case
Mina Colin Strother and Florencio “Lencho” Rendon have agreed to cooperate in the Justice Department’s case against the Texas Democrat, according to unsealed documents.
House committee asks Microsoft’s Brad Smith to attend hearing on security lapses
Microsoft has been facing pressure after Chinese hackers breached Commerce Secretary Gina Raimondo’s email account. Congress wants to get involved.
This provider of water to oil and gas drillers can rally 40%, Citi says
A recent business pivot has well positioned the company for upside ahead, says Citi.
Trump Media investor convicted of insider trading ahead of merger
Trump Media, whose majority shareholder is Donald Trump, completed a merger with DWAC more than two years after the deal was announced.
