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What you need to know on Wall Street today
Finance Insider is Business Insider's midday summary of the top stories of the past 24 hours.
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President Donald Trump is set to release his massive tax plan on Wednesday that includes slashing the corporate tax rate. Under Trump's plan, business taxes in the US would be among the lowest in the developed world. You can stay up to date with the latest on the tax plan here.
Congress is getting closer to a deal to stop a government shutdown — but details are still murky. And tMexican pesoNAFTA
Companies "have a moral obligation" to do more for society, according to JPMorgan chief Jamie Dimon.
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A new hedge fund started by a Steve Cohen protégé is off to a strong start. And billionaire hedge funder Howard Marks just listed his "Versailles in the Sky" condo for a discounted $27.5 million.
"Sell in May and go away" is an old saying that should probably be ignored. And here's how to make a killing this earnings season, according to Goldman Sachs.
No-fee stock trading app Robinhood is now officially worth $1.3 billion. A radical finance firm has an app that'll show you the social impact of all of your purchases. And this analytics firm uses one trillion Facebook and Twitter posts to predict stock movements.
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Consumer Reports has demoted the Tesla Model S from its top luxury-car rating. Twitter's revenue declined for the first time last quarter, but it still managed to beat expectations across the board. And here's what to pay attention to when Google reports Q1 results.
Hedge fund honcho Simon Lorne talks Trump, Brexit and "Billions" - Hedge fund critics are becoming increasingly vocal about the $3 trillion industry, arguing that it produces mediocre returns for clients while enriching managers with exorbitant fees.
A Wall Street trader is calling the bottom in retail - Ian Winer, the head of equities at Wedbush Securities, is making a bold call: buy retail stocks.
US Steel is tanking 25% after reporting an unexpected loss - US Steel is diving after reporting a loss for the first quarter of 2017 on Tuesday.
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Fiat Chrysler beats expectations for first-quarter earnings - Fiat Chrysler Automobiles is continuing its run of good financial results.
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