IN THE NEWS
BENZINGA
Facebook Inc (NASDAQ: FB) launched a new
Augmented Reality platform, which allows users to overlay graphics onto photos and videos in real time, leveraging new technologies
such as SLAM, 3D effects and object recognition: Link
Fox News (NASDAQ: FOXA) is parting ways
with Bill O’Reilly in the wake of a sexual-harassment scandal, bringing an end to the combative host’s two-decade run that drew
millions of loyal viewers and helped build the network’s political influence: Link
Here’s a look at how some of the world's largest financial institutions performed in the first quarter and their stock's
performance since the start of 2017 and over the past year: Link
Every golf course in China is equipped with cameras at almost every tee. Why? Because senior managers at state-owned enterprises
are forbidden from enjoying such a frivolous pastime: Link
THE WALL STREET JOURNAL
U.S. corporate debt has ballooned on cheap credit to levels exceeding those prevailing just before the 2008 financial crisis, a
potential threat to financial stability, the International Monetary Fund warned in its latest review of the top threats to markets
and banks:
Link
Exxon Mobil Corp. (NYSE: XOM) has applied
to the Treasury Department for a waiver from U.S. sanctions on Russia in a bid to resume its joint venture with state oil giant PAO
Rosneft, according to people familiar with the matter:
Link
REUTERS
North Korean state media warned the United States of a "super-mighty preemptive strike" after U.S. Secretary of State Rex
Tillerson said the United States was looking at ways to bring pressure to bear on North Korea over its nuclear program:
Link
The head of the U.S. House of Representatives' banking panel has unveiled the Republicans' most ambitious plan so far to loosen
financial regulations, a 600-page bill to replace the Dodd-Frank financial reform law:
Link
BLOOMBERG
U.S. Steel Corp. (NYSE: X), supported by
Washington politicians amid a “Buy America” push from the White House, is asking a trade agency to revive claims that rival Chinese
manufacturers colluded to keep prices low to undercut competitors in the American market:
Link
Theranos Inc. investors accused the company of threatening to file for bankruptcy protection if they don’t agree to give up
their rights to sue the firm over its flawed blood-testing business:
Link
NY POST
The Federal Trade Commission is cracking down on “influencers” — pop stars, athletes and musicians who promote products on
social media without disclosing that they are being paid for their endorsements:
Link
ECONOMIC DATA
- Federal Reserve Governor Jerome Powell is set to speak in Washington, D.C. at 8:00 a.m. ET.
- Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET.
- The Philadelphia Fed general conditions index for April is schedule for release at 8:30 a.m. ET.
- The index of leading economic indicators for March will be released at 10:00 a.m. ET.
- The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
- Data on money supply for the recent week will be released at 4:30 p.m. ET.
ANALYST RATINGS
- Atlantic Equities upgraded Goldman Sachs (NYSE: GS) from Neutral to Overweight
- Stifel Nicolaus upgraded Starbucks (NASDAQ: SBUX) from Hold to Buy
- Baird upgraded Lear (NYSE: LEA) from
Neutral to Outperform
- Raymond James downgraded Ruth's Hospitality Group (NASDAQ: RUTH) from Outperform to Market Perform
- Wells Fargo downgraded Tribune Media (NYSE: TRCO) from Outperform to Market Perform
- Morgan Stanley downgraded NanoString Technologies (NASDAQ: NSTG) from Overweight to Equal-Weight
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