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Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours.
For real-time odds on the stock market's faith in President Donald Trump, look no further than recent weakness in industries most closely tied to his proposed policies: banks, builders, and retailers.
We're nearly 100 days into Trump's presidency, and the campaign promises of infrastructure spending, tighter restrictions on trade, and lower taxes have yet to materialize.
The market has not missed this lack of progress and the Trump trade looks effectively dead, report Business Insider's Joe Ciolli and Bob Bryan.
In related news, President Trump says his "massive" tax plan is coming next week. And a
In Wall Street news, Cantor Fitzgerald has just made a huge hire in its equities business.
A Wall Street boutique just hired one of Deutsche Bank's top tech dealmakers. And another senior staffer has left a struggling hedge fund started by a Steve Cohen protégé.
The betting odds for an anti-euro candidate winning the French election are eerily similar to Brexit.
Russia and Saudi Arabia could face economic and political consequences if the oil-production deal isn't extended.American oil is in a "sweet spot." And the US oil-rig count increased to a nearly two-year high
Payment card startup Plastc took £10 million from investors and customers ... and then just disappeared.
When the Yahoo-Verizon deal closes, there will be an exec shuffle — here are the details.
Lastly, here's what it's like to stay at a remote Icelandic resort where an all-inclusive, four-day stay can cost you up to $11,000.
BAML: The "$1 trillion flow that conquers all" explains everything happening in markets - The global markets all come down to central banks.
BLACKSTONE COO: We're the solution to America's retirement crisis - America has a massive retirement savings problem.
A 10-year metals slump could be almost over –As China works to reduce pollution and energy costs, aluminum manufacturers have the opportunity to end a decade-long slump.
General Electric slides despite its earnings beat - The industrial giant reported earnings of $0.21 per share, beating the Wall Street estimates by 4 cents.
MORGAN STANLEY: Disney's ESPN problem isn't a problem at all - In the summer of 2015, shares of Disney tumbled 24%, from $120 to $91, on concerns that the company would lose revenue as a result of customers "cutting the cord."
Bebe is closing all its stores by the end of May - Struggling apparel retailer Bebe Stores said on Friday it would close all its stores by the end of May, barely a month after announcing it was exploring strategic alternatives following four years of losses.
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