IN THE NEWS
BENZINGA
Your local ATM could recognize your face within five years. Your taxes could be prepared by a robo-accountant. Your lawyer might
be reduced to an algorithm fully versed in legal precedent: Link
Akorn, Inc. (NASDAQ: AKRX) shares were
up 18.2 percent on Friday after Bloomberg reported Frensius is considering a buyout bid for Akorn. The news came just hours after
Benzinga alerted its pro subscribers to an unusually large Akorn call purchase on the options market: Link
In a Michigan city synonymous with manufacturing, the most cutting-edge business ventures — fintech startups — are taking shape
at MadDog Technologies: Link
THE WALL STREET JOURNAL
Hackers are targeting the growing population of third-party sellers on Amazon.com Inc. (NASDAQ: AMZN), using stolen credentials to post fake deals and steal cash:
Link
President Donald Trump said he would nominate Kevin Hassett, an expert in tax policy and one of the most prominent economists at
the conservative American Enterprise Institute, to serve as the chairman of the Council of Economic Advisers:
Link
REUTERS
U.S. President Donald Trump is considering an executive order to launch a trade investigation that could lead to supplemental
duties in certain product categories, a Trump administration official told Reuters:
Link
The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply
dynamics and made forecasts far more polarized:
Link
BLOOMBERG
These days, it seems like everyone in the bond market is obsessed over what will happen when the Federal Reserve starts
whittling down its mammoth, crisis-era investments in U.S. government bonds:
Link
Barclays (NYSE: BCS) Chief Executive
Officer Jes Staley, who has demanded the highest ethical standards from staff, will face a “significant” pay cut and is being
probed by regulators for violating policy in trying to unmask a whistle-blower last year:
Link
THE NEW YORK TIMES
In the latest move by a major automaker to enhance its American manufacturing operations, Toyota Motor (NYSE:
TM) said on Monday that it would invest more than $1.3 billion
to upgrade its assembly plant in Kentucky:
Link
ECONOMIC DATA
- The Labor Market Conditions Index for March is schedule for release at 10:00 a.m. ET.
- The Treasury will auction 3-and 6-month bills at 11:30 a.m. ET.
- The TD Ameritrade Investor Movement Index for March is schedule for release at 12:30 p.m. ET.
ANALYST RATINGS
- Piper Jaffray upgraded Tesla (NASDAQ: TSLA) from Neutral to Overweight
- Jefferies upgraded Sunoco (NYSE: SUN)
from Underperform to Hold
- Susquehanna upgraded Skechers (NYSE: SKX) from Negative to Neutral
- Morgan Stanley downgraded JM Smucker (NYSE:
SJM) from Equal-Weight to Underweight
- Jefferies downgraded National Fuel Gas (NYSE: NFG) from Buy to Underperform
- Canaccord Genuity downgraded Education Realty Trust (NYSE: EDR) from Buy to Hold
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five
minutes. To get the full version of this note every morning, click here or
email minutes@benzinga.com.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.