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slash Wall Street.

The Biden administration zeros in on its pick

to lead the beleaguered FDIC, plus a federal jury begins deliberating in

Hunter Biden's gun trial, and we'll look at the self-proclaimed degenerate traders

fueling the latest meme stock mania.

Talk to anyone and they'll tell you about inflation and the cost of rent.

They have a lot of student debt.

This kind of pessimism does translate into people having a

pension for long shot trades and long shot bets. It's Tuesday, June 11th. I'm

Luke Vargas for the Wall Street Journal, and here is the AM edition

of What's News? The top headlines and business stories moving your world today. We are exclusively reporting that the White House is close to naming

derivatives regulator Christie Goldsmith Romero to head the

federal deposit insurance corporation. Smith Romero to head the Federal Deposit Insurance Corporation.

The agency's longtime Chairman Martin Grunberg bowed to pressure to resign in May after an external

investigation prompted by reporting from the Wall Street Journal found widespread

sexual harassment and other misconduct at the FDIC.

Grunberg said he would step down after a successor is confirmed by the Senate. Journal Banking reporter

Andrew Ackerman says that while the White House discussed two other women for the job,

Goldsmith Romero has emerged as the front runner.

...