New Fed chair Jay Powell made his first official appearance before Congress in that capacity, relaying to the House Financial Services Committee yesterday that he viewed the country’s economic outlook as improved since December – WSJ and Bloomberg

Markets weren’t crazy about his optimism (more specifically, what that bullishness likely means for rate hikes this year) – MarketWatch

In a unanimous decision released yesterday, the Supreme Court held that a “Bankruptcy Code provision forcing trustees to honor transfers to securities and financial institutions doesn’t protect transfers where the institution is just a conduit.” That decision limits the scope of the Code’s “safe harbor” provision exempting certain securities transactions from clawbacks – Law360

Dealbook breaks down Comcast’s bid for Sky for us – NYTimes

The Journal’s been thinking about it some more, too – WSJ

Chalk one up for the brewers. The Times tells us that craft breweries are playing an important role in reviving local economies, and my backyard—the North Loop in Minneapolis—is a great case study – NYTimes

Deutsche Bank will pay $240 million to resolve litigation with investors in NY federal court accusing the bank of conspiring with other financial giants to manipulate Libor – Law360

IQiyi Inc., a Chinese entertainment company backed by Baidu Inc. and best known for its streaming-video service, has filed for a US IPO with its sights set on a public market valuation of as much as $10 billion – Bloomberg

Amazon has acquired Ring, maker of video doorbells, in a deal valued at more than $1 billion—the ‘zon’s second-biggest acquisition ever after Whole Foods – WSJ and Bloomberg and MarketWatch

San Francisco Federal District Court Judge Jon Tigar has denied Wells Fargo’s bid to dismiss a shareholder lawsuit ‘triggered by the bank’s plummeting stock price after it admitted in 2016 to creating millions of fake accounts,” and ruling that former CEO John Stumpf must also remain in the suit (while dismissing insider-trading claims against four other executives) – Bloomberg

I’d like to think all of us in marriages are doing what we can to be supportive and encouraging partners.  But then Serena’s guy goes and blows us all out of the water.  Unfair, big guy.  Just unfair – HuffingtonPost