Wall Street Braces for Cuts This Summer


Wall Street braces for cuts[NYTimes] "Wall Street plans to get smaller this summer. Faced with weak markets and uncertainty over regulations, many of the biggest firms are preparing for deep cuts in jobs and other costs."

Oil prices tumble [CNN Money]

RIM forecast misses on lack of BlackBerrys [Bloomberg]

Golf Summit [Politico] "It's just a friendly game, but Democrats and Republicans are managing expectations for Saturday's golf summit between President Barack Obama and House Speaker John Boehner like the high stakes political theater it actually is."