IN THE NEWS
Experts expect an influx in autonomous vehicles in 2020, but the lane change may take longer for cargo carriers:
Link
The list of notable departures from the White House grew Tuesday after President Donald Trump ousted Secretary of State Rex
Tillerson:
Link
Jeff Bezos founded Amazon (NASDAQ: AMZN)
in 1994 in his garage. From its roots as an online bookstore it has grown to be an empire valued at roughly $770 billion, behind
only Apple (NASDAQ: AAPL) and
Alphabet (NASDAQ: GOOGL) in the U.S.:
Link $
Walmart Inc. (NYSE: WMT) will offer home
delivery of groceries in 100 cities by the end of the year and launch same-day delivery in New York City, adopting a costly model
it previously resisted as Amazon, Kroger (NYSE: KR) and Target (NYSE: TGT) invest in similar services:
Link $
Congress wants to accelerate a shake-up of one firm’s dominance over the credit scores used to vet many U.S. mortgages:
Link $
Google said it will ban advertisements for cryptocurrencies and related content starting in June:
Link
Wall Street’s main regulator has a new worry in its race to keep tabs on the cryptocurrency craze: hedge funds:
Link
ECONOMIC DATA
- US MBA mortgage applications w.e. 9 March +0.9% vs +0.3% prior
- USA PPI (MoM) for Feb 0.20% vs 0.10% Est; Prior 0.40%
- Core PPI (YoY) for Feb 2.50% vs 2.50% Est; Prior 2.20%
- Core Retail Sales (MoM) for Feb 0.20% vs 0.30% Est; Prior 0.00%
- The Energy Information Administration’s weekly report on petroleum inventories is schedule for release at 10:30 a.m. ET.
ANALYST RATINGS
- Morgan Stanley upgraded Ford (NYSE: F)
from Underweight to Overweight
- Jefferies upgraded Oceaneering (NYSE: OII) from Underperform to Hold
- Vertical Group downgraded Cleveland-Cliffs (NYSE: CLF) from Hold to Sell
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