What you need to know on Wall Street right now

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Shame. Ostracism. A shift to food stamps.

This is a harsh reality for the families of white-collar criminals — hedge fund managers convicted of insider trading, or bankers nabbed for embezzlement.

This is what it’s like when the 1% go to jail.

At 2 p.m. ET on Wednesday, the Federal Open Market Committee will announce its latest policy decision — the outcome of its two-day meeting in Washington. Stand by for the Federal Reserve to do nothing

Oh, and there’s a big problem with Fed statements.

Deutsche Bank’s profits in the second quarter nosedived to just 20 million euros, or $22 million, from 800 million euros in the same period last year. And John Cryan, the bank’s CEO, said something that should frighten the bank’s employees.

In M&A news, it looks like the biggest takeover in years is in trouble.

The hyper-acquisitive tech giant SoftBank has made a big hire from Goldman Sachs, and a $30 billion merger is more evidence of the tech market’s most dominant trend right now.

In tech news, it’s time to take a serious look at Tim Cook’s leadership of Apple, and here’s what Wall Street is saying after Twitter’s weak earnings.

Finally, a steak master has shared his 7 steps to grilling the perfect cut of meat.

Here are the top Wall Street headlines at midday:

A $130 billion investor is fighting back against Wall Street’s perceptions Executives at alternative-investing giant KKR are obviously miffed.

Steve Cohen is making a big bet that computers can beat humans — Billionaire investor Steven A. Cohen is committing $250 million to a Boston-based investment firm that lets scientists, developers and students submit computerised investment models and then picks the most promising ones to manage the money.

A Wall Street investor is trying to cash in on one of China’s most pressing problems Alternative investment giant KKR is excitedly eyeing deals in China.

A $15 billion tech deal just landed, and there are 2 big winners on Wall Street A big deal in the semiconductor industry has just been announced, and there are two big winners on Wall Street.

If you bought stocks only at the 3 latest market tops, you’d still be up 26% Stocks usually go up.

It’s clear that one city is becoming a booming innovation hub, and it could change the world — China has long been known for its exports, for manufacturing items quickly and cheaply for sale abroad.

A startup backed by the hero of ‘The Big Short’ is attempting to bring Wall Street to Main Street — Eight years after the subprime crisis, news of a startup bringing institutional real-estate exposure to individual investors may be met with some scepticism.

An unusual way to deliver drugs could be a $29 billion market by 2030 A next generation of implantable eye treatments could change the way we treat eye conditions.

10 innovations that will completely change the future of the global economy Innovation is what grows economies.

What a Trump presidency could mean for Asia Because Trump has said conflicting things during his path to securing the Republican presidential nomination, it’s hard to actually predict what will happen. But it’s interesting to consider some possibilities.

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