Wall Street Bulls Reserve Cautious Optimism Amid Rally
In a weekly Investors Intelligence survey more than 60 percent of financial newsletters remained bullish, the highest since 2014, suggesting continued optimism even as the S&P 500 dipped after setting a record. Oppenheimer notes long term gains remain likely, while buying weakness is advised. Surgical Care Affiliates trades on news of a UnitedHealth cash and stock deal.
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VW executiveOliver Schmidt Arrested in Emissions Case
FBI unsealed complaint shows Oliver Schmidt formerly directing VW regulatory compliance in the US was arrested in Florida on conspiracy to defraud and wire fraud related to the diesel emissions cheating. The case marks a key step in the VW fraud probe as other engineers face cooperation deals and the company pays billions in settlements.
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