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Wall Street Roundup: Hedging on guns. Wall Street’s next sheriff.

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Jobless claims up. The number of people filing for unemployment claims rose last week when most analysts had expected a decline, the Labor Department reported.

Why stocks fell. Mohamed El-Erian provides a long-term view on why there have been so many days like Wednesday on the stock markets recently, pointing to the uncertainty about the future.

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Hedging on guns. A New York City hedge fund has become the biggest player in the gun industry.

Wall Street’s next sheriff. With the current attorney general looking to become governor, a review of the candidates who could take over the position that is often seen as the leading authority for New York’s banks.

Robert Rubin’s next move. The controversial former Citi executive and Treasury secretary is joining a boutique investment firm.

-- Nathaniel Popper

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