Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours.
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.
For all the talk of robots replacing humans on the job
A steady stream of laid-off workers have come to the college for retraining, says Ryan Davis, the college’s dean since 2013. Many are in the school’s technology and robotics programs, and the school’s proximity to a large Boeing facility makes the aerospace program a popular one.
There's a bunch of news in the world of politics, economics, trade and taxes. Here are the headlines:
- Congress has reached a budget deal to fund the federal government through September
- COMMERCE SECRETARY: Trump won’t trade American jobs for China’s help on North Korea
- Trump is claiming credit for something China did years before he was elected
- MNUCHIN TELLS WALL STREET: "You should all thank me for your bank stocks doing better"
- LOPEZ: Trump has turned his back on the one thing that makes the world rich and happy
- DA COSTA: A red flag is popping up that should make the Fed stop raising interest rates
- Manufacturing sector grows slower than expected in April
- An American jobs threat worse than coal is coming to your hometown
- Byron Wien explains simply why America's wealth inequality is getting worse
In markets news, one of the biggest pillars of the stock bull market is crumbling. And a star Wall Street fund manager is getting it all wrong
Children's Investment Fund
And a hedge fund is making a big bet on J. Crew, and it could determine whether it avoids bankruptcy.
Online lending has reached a tipping point, according to Charlie Moore at Global Debt Registry.
In autos, GM isn’t worried about Tesla’s Model 3. Carlos Ghosn saved Nissan — here's his plan to do it again at Mitsubishi. And Indian's Springfield and Chieftain are driving a new American motorcycle rivalry with Harley-Davidson.
There's a bunch of tech, media and telecoms news. Here's what you need to know:
- What to expect from Apple's upcoming earnings
- Facebook hits an all-time high
- Alphabet's chairman charged the company $1.9 million for use of private planes last year
- Cloudera founder: Why investors are "thrilled" my company is worth $2 billion less after our IPO
- Google's CEO got a massive raise last year
- Dish Network loses twice as many subscribers as expected
- One slice of the market threatens to ruin the S&P 500's clean earnings sheet
- Twenty-First Century Fox in talks with Blackstone to buy Tribune
photographer spent 25 years documenting rich people — here's what she learned.