Jamie Dimon joins billionaires list and Walmart meeting kicks off

The major stock indices (^DJI, ^GSPC, ^IXIC) are trading higher through midday. Look for stocks to stay in the narrowing trading range they've been in for much of the year, at least for now. Keith Bliss of Cuttone and Company says a move out of that rut may be coming soon. "Both the S&P 500 and the Dow Jones Industrial are in a bullish pattern," Bliss notes. "But...it has to work it's way out. The S&P 500 probably in a couple weeks and the Dow not until July...The bullish lights are still all green."

Here are some of the other stories Yahoo Finance is keeping an eye on today.

Jamie Dimon joins billionaires list
Jamie Dimon joining the ten figure fraternity. The JPMorgan Chase (JPM) Chairman and CEO is now a billionaire, according to the Bloomberg Billionaires Index. And speaking of JPMorgan and money, the bank is one of several big financial institution saving money by doing away with voice mail. Check out the video above for more

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Walmart shareholders meeting
Festivities ahead of Walmart's (WMT) annual shareholders' meeting are kicking off today in Arkansas. The world's biggest retailer making more headlines about pay this week...announcing it will increase salaries for 100-thousand of its managers.  In April Walmart raised the minimum pay of its workers to $9 dollars an hour. Our own Andy Serwer is headed to Bentonville for the meeting and we'll have more on the balance between spectacle and serious business.

Be cool, drop out of school
What's the secret to making it big in Silicon Valley?  How about dropping out! Today's Wall Street Journal includes and article about how quitting school to start a company used to be seen as risky, but now it’s considered a badge of honor. Billionaire entrepreneur and Pay-Pal (EBAY) co-founder Peter Thiel playing a role with "fellowships" for young people so they can focus on their start-ups instead of going to school. And other tech firms such as Google (GOOGL) reportedly hiring talented young people who don't have a college degree.

'Monster' horse race
It may be the biggest marketing deal in horse racing history. Various reports say the owner of Triple Crown contender American Pharoah has signed a sponsorship agreement with Monster Beverages (MNST) and it could top seven figures.