Wall Street Roundup: Congressional stock bettors. Obama's and Dimon's breakup
Bad news on jobs. The number of people filing for unemployment claims rose unexpectedly last week, the Labor Department reported, pointing to the continued weakness of the labor market.
Grilling BP. A day after meeting with President Obama and promising to create a $20-billion oil spill fund, BP's chief executive, Tony Hayward, goes in front of a congressional hearing Thursday for what is sure to be a tough questioning.
Congressional stock bettors. A number of members of Congress made investments in companies involved in regulatory issues they were overseeing during the financial crisis, the Wall Street Journal reports.
Obama's and Dimon's breakup. The New Republic details how JPMorgan Chase's chief executive, Jamie Dimon, went from being the White House's favorite banker to one of its main antagonists.
-- Nathaniel Popper in New York