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Wall Street Roundup: Goldman’s hope for a settlement. An offer Buffett couldn’t refuse

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Consumer confidence? Consumers did not increase their spending in April from a month earlier, contrary to the expectations of analysts, the Commerce Department announced. Still, a leading index of consumer confidence inched up.

Goldman Sachs hopes to settle suit. Goldman Sachs is trying to settle a lawsuit with the Securities and Exchange Commission without having to admit to fraud, the Wall Street Journal reported. One analyst estimated that the settlement would cost Goldman $621 million.

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An offer he couldn’t turn down. Warren Buffett will testify in front of a congressional committee about ratings agencies -- in one of which (Moody’s Corp.) he is a major shareholder -- but only because he was subpoenaed, according to Fortune.

Banking on Brazilian soccer. The math geniuses at the investment banks continue to build models to predict the winner of the World Cup, and the hands-down favorite appears to be Brazil.

-- Nathaniel Popper

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