Markets end mixed as Fed meeting looms
Wall Street closed mixed after a choppy session as investors brace for a three-quarter point Fed rate hike. The S P 500 rose 0.1 percent, the Dow gained 0.3 percent, and the Nasdaq slipped 0.4 percent. Russell 2000 up 0.6 percent. Exxon Mobil up 3.3 percent, Nvidia down 1.7 percent, Garden Restaurants and Dollar Tree each fell about 2 percent. Yields rose with the two-year at 3.04 percent and the 10-year at 2.81 percent.
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Chris Scherzinger
Newmont
Treasury
Nine Indicted in Four Insider Trading Schemes Across U S
Nine defendants including a former Indiana congressman, Silicon Valley execs, and a man training to be an FBI agent were indicted in four separate insider trading schemes. Prosecutions allege profits of millions from trades ahead of mergers involving T-Mobile Sprint Nav igant Guidehouse Lumentum Merck and PandaT.
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Amit Bhardwaj
San Ramon
California
Lumentum Holdings Inc
SEC
Bhardwaj
Seth Markin
Washington Crossing
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Washington D.C
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Pandion Therapeutics
Justice Department sues poultry giants over labor practices
The Justice Department filed a federal antitrust lawsuit in Maryland against Cargill Sanderson Farms and Wayne Farms plus a data consulting firm alleging a multiyear scheme to share wage and benefit information to depress worker pay. A consent decree seeks 84.8 million in restitution and a decade of federal monitoring.
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