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What you need to know on Wall Street right now

Business Insider   

What you need to know on Wall Street right now
Finance2 min read

Finance Insider is Business Insider's summary of the top stories of the past 24 hours.

The world's biggest hedge fund thinks the next radical change in central bank policy is almost upon us.

Bridgewater Associates sent a note to clients on Wednesday written by Greg Jensen, Jason Rotenberg and Jeff Amato. Jensen is Bridgewater's co-CIO and former co-CEO.

The note said that central bank policies up until now - such as dropping interest rates and quantitative easing - haven't boosted economies enough. Policy makers need to try something radical - like putting money directly into consumers' hands.

One of the world's largest high-speed traders has 'opened up the kimono,' and it shows how Wall Street is changing.

A hedge fund backed by industry legend Stan Druckenmiller has made a big hire, and a star quant trader is launching his own firm with the backing of a $4 billion hedge fund.

Bill Gross just used kittens, sex, and Victoria's Secret to explain his miserable outlook for the global economy.

And this one statistic will give Wall Street stock pickers nightmares.

One of America's biggest gunmakers spent its earnings call bashing Hillary Clinton and said it plans to donate millions to the NRA. CVS just made a move that could help customers save billions on prescription drugs. Elon Musk had the perfect response to the biggest criticism of the Tesla-SolarCity merger.

And this is why Uber failed in China.

The US economy's biggest problem will soon be a lack of available workers, and 64% of millennials are pretty sure they won't save enough money to retire.

And lastly, Morgan Stanley addressed its interns' most pressing career questions, and every young employee can learn from the answers.

Here are the top Wall Street headlines at midday:

Nobody knows what to expect from Tesla anymore - For the first time in years, no one really has any expectations for Tesla, as the company prepares to report second-quarter earnings on Wednesday after the markets close.

Time Warner is buying a 10% stake in Hulu - It spent about $580 million for the stake, according to a person familiar with the matter. That values Hulu at nearly $6 billion.

Credit Suisse is using cheesecake to forecast sales at Nordstrom - When Nordstrom stopped reporting monthly same-store sales, a very important number for investors, an alternative had to be found.

Something just happened in the stock market that was a precursor to the 1987 crash - After breaking all-time highs, the stock market has been on a bit of a losing streak lately.

The former CEO of CME talks markets, high-frequency trading, blockchain, and his new role - Donohue was the CEO of the Chicago Mercantile Exchange during its historic merger with the Chicago Board of Trade. He also oversaw the CME's purchases of the New York Mercantile Exchange and the COMEX.

Trump brushed off Warren Buffett's 'blistering critique' of his business judgment - US Republican presidential candidate Donald Trump on Tuesday brushed off billionaire investor Warren Buffett's blistering critique of his business acumen.

The last stand against the march of computerized trading - Electronic trading dominates market volume these days.

Goldman Sachs-backed London data startup Qubit lays off 34 staff - A London data analytics startup founded by four ex-Google employees and backed by Goldman Sachs has laid off 34 employees, around 12% of its entire staff, after missing internal growth targets.

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