What you need to know on Wall Street right now

Ray Dalio, who oversees the world's biggest hedge fund firm, is stepping down from management amid a company-wide shake-up.

Dalio will stop managing Bridgewater Associates by mid-April. He

One of Ken Griffin's senior staffers has left hedge fund giant Citadel. And Wells Fargo isn't giving cash bonuses to eight senior executives to "promote accountability" after its accounts scandal.

In markets news, the new high above 21,000. something it hadn't done in at least 34 yearsthe stock-market rally is running out of steam

In deal news, Snap's IPO will price today after the US stock market closes. Two of the largest local TV station owners in the US are thinking about a deal. And someone might have insider-traded the $3.3 billion SoftBank-Fortress deal.

President Trump delivered a speech to Congress on Tuesday night. Here are the headlines:

Trump says 94 million Americans are out of the labor force — that's true if you include teens and grandma
TRUMP: Repealing and replacing Obamacare is "not a choice — it is a necessity"
Trump wants to upend the "slow and burdensome" drug-approval process at the FDA
China rejects Trump's claim that the US "lost 60,000 factories" since China joined the WTO
Secretary of Commerce Wilbur Ross wore $600 slippers to Trump's congressional address

Elsewhere, Fed officials jolted the market with talk of a pending rate hike. And the Bank of Canada is in "wait and see" mode.

In healthcare news, a startup that's building an unprecedented test for cancer just raised $900 million from major drugmakers and Amazon. And another healthcare startup set up by a 28-year old just landed a $65 million investment.

Lastly, tscrew-up is still in his job, but he’s "devastated" by the fallout

Traders are making a killing betting against retail - No sector has been more profitable for short sellers in 2017 than traditional retail, according to a note from financial analytics firm S3 Partners.

JPMorgan just revealed the logic behind the crazy popular Sapphire Reserve card - revealed its newest rewards cardChase Sapphire Reserve,

Consumer Reports names Tesla the top American car brand - Consumer Reports released its latest

Hershey is cutting 15% of its workforce -

Salesforce posts an all-around beat for its earnings, but investors aren't thrilled -

Lowe's beats thanks to a strong housing market -

Best Buy posts unexpected drop in same-store sales -

12 style upgrades any guy can snag for under $60 -

The 14 most important cities in the world for the globe-trotting super rich -

33 stunning images shortlisted for the Sony World Photography Awards 2017 - The Sony World Photography Awards is celebrating its 10th anniversary.