IN THE NEWS
BENZINGA
The Committee on Capital Markets Regulation worries the lack of appeal of the IPO market may have significant economic impact.
Concurrently, investors are shifting funds to the startup scene: Link
Benzinga's Mark Fritz talks on how virtual assistants like Alphabet Inc (NASDAQ: GOOG)'s Google Home and Amazon Inc (NASDAQ: AMZN) Echo/Alexa may be eavesdropping on your conversation: Link
Benzinga recently had the chance to discuss marijuana legalization in Canada and its impact on the United States with Hadley
Ford, CEO of iAnthus Capital Holdings Inc, a cannabis-focused financing and advisory firm: Link
THE WALL STREET JOURNAL
Centrist Emmanuel Macron and far-right politician Marine Le Pen led the first round of voting in France’s presidential election
as voters redrew the political map, placing the European Union at the center of a new divide:
Link
Less than a week before the federal government could run out of money, White House officials said President Donald Trump wants
any spending deal to include some funding for a border wall:
Link
REUTERS
U.S. oil and gas company Chevron Corp (NYSE: CVX) said on Monday it has agreed to sell its three gas producing fields in Bangladesh
to Chinese firm Himalaya Energy, as part of a plan to raise billions of dollars by shedding non-core properties this year:
Link
Tesla Inc (NASDAQ: TSLA) Chief Executive
Elon Musk took many risks with the technology in his company's cars on the way to surpassing Ford Motor Co's market value. Now Musk
is pushing boundaries in the factory that makes them.
Link
BLOOMBERG
Apple Inc. (NASDAQ: AAPL) prepares to
introduce a new smartphone with an OLED screen, a Japanese refiner better known for its chain of gas stations is about to join the
list:
Link
This year’s Chinese steel price rout heralds worse to come, according to a 50-year industry veteran who says the world’s top
producer is poised for a painful contraction as demand tumbles and rival nations build trade barriers:
Link
NY POST
People have been trying to figure out the end game of quantitative easing ever since the Fed started buying mortgage-backed
securities in late 2008. The goal back then was to buy securities so that interest rates would remain low:
Link
ECONOMIC DATA
- The Dallas Fed general activity index for April will be released at 10:30 a.m. ET.
- Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Los Angeles, California at 11:30 a.m. ET.
- The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
- Minneapolis Federal Reserve Bank President Neel Kashkari will speak in Claremont, California at 3:15 p.m. ET.
ANALYST RATINGS
- JP Morgan upgraded Stanley Black & Decker (NYSE: SWK) from Neutral to Overweight
- Macquarie upgraded United States Steel (NYSE:
X) from Underperform to Neutral
- PiperJaffray upgraded KeyCorp (NYSE: KEY) from Neutral to Overweight
- Berenberg downgraded Bank of America (NYSE:
BAC) from Buy to Hold
- Morgan Stanley downgraded Groupon (NASDAQ: GRPN) to Underweight
- Barclays downgraded Globus Medical (NYSE:
GMED) from Equal-Weight to Underweight
- Loop Capital downgrades Walt Disney (NYSE:
DIS) from Buy to Hold.
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