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WSJ US NewsApr 20, 2018
OPEC, Russia Back Continued Oil Cuts, Drawing Trump Ire
A group of some of the world's biggest crude producers said they would keep a tight grip on output for the rest of the year, and perhaps into next, spurring President Donald Trump to call oil prices "artificially very high."

Google Business NewsApr 20, 2018
Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric - TheStreet.com

TheStreet.com


The S&P 500 and Nasdaq traded lower Friday for the second time in five sessions. The Dow Jones Industrial Average declined Friday for the third day in a row. Despite declines Friday, the three U.S. benchmark stock indexes finished higher for the week
Stock market fall as energ


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U.S. stocks slump in broad decline, Apple shares tumble (MarketWatch MarketPulse)

Reuters Company NewsApr 20, 2018
GLOBAL MARKETS-U.S. yield hits 4-year high; stocks fall on tech sector
* Pound on back foot after dovish remarks from BoE's Carney (Adds Wall Street close; updates throughout)

RELATED ARTICLES
Stocks veer down as tech shares slump - Los Angeles Times (Google Business News)

MarketWatchApr 20, 2018
The Wall Street Journal: Students across U.S. walk out to mark 19th anniversary of Colorado school shooting
Thousands of students nationwide streamed out of their high schools on Friday as part of a nationwide protest of gun violence, the second organized walkout since the February mass shooting at a school in Florida that left 17 people dead.

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Wall Street slides as tech stumbles (USA Today Money)

Washington Post BusinessApr 20, 2018
Wells Fargo fined $1 billion for ‘reckless unsafe or unsound practices'
The civil penalty is among the largest ever levied by the nation's consumer protection watchdog.

RELATED ARTICLES
Three Ways Wells Fargo Can Avoid Another Billion-Dollar Fine (Forbes Headlines)

MarketWatch MarketPulseApr 20, 2018
Mattel's stock sinks to 9-year low after CEO departure puts turnaround efforts in doubt
Shares of Mattel Inc. sank 6.4% toward a nine-year low in morning trade Friday, to pace the S&P 500's decliners, after the company announced the surprise departure of its chief executive officer. The stock's intraday low of $12.21 was the lowest price seen since April 2, 2009. Late Thursday, the toy maker said CEO Margo Georgiadis was leaving the company after just 15 months in the role, with Ynon Kreiz to become Mattel's fourth CEO in as many years. Analyst Michael Swartz at SunTrust Robinson Humphrey said Georgiadis's departure "lends greater uncertainty" to Mattel's turnaround efforts. Swartz said the CEO change increases the possibility that the board of directors will look to sell the company, which could limit the stock's downside. In the meantime, Swartz said "there is virtually no earnings visibility," meaning the stock could "remain volatile for the foreseeable future." The stock has plunged 50% over the past 12 months, while the S&P 500 has gained 14%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseApr 20, 2018
Fed policy rate is close to neutral, Kashkari says
Federal Reserve monetary policy is close to neutral - a level that doesn't add or push down inflation, said Minneapolis Fed President Neel Kashkari, on Friday. His comments, in an interview on CNBC, indicate he may not support additional rate hikes this year. Kashkari said the neutral rate of interest could be 2%. At the moment, the target range for the federal funds rate is 1.5% to 1.75%. Other Fed officials have higher estimates of neutral. Only Kashkari and St. Louis Fed President James Bullard have been urging their colleagues to be cautious about hiking rates. The other 13 officials generally support gradual rate hikes. The Fed has targeted two more moves this year.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



SEC.gov Updates: News DigestApr 20, 2018
40-17G - PUTNAM GLOBAL UTILITIES FUND (0000867824) (Filer)
2018-04-20 0000928816-18-000775 2 MB

SEC.gov Updates: News DigestApr 20, 2018
497K - PowerShares Exchange-Traded Fund Trust II (0001378872) (Filer)
2018-04-20 0001193125-18-124519 85 KB

RELATED ARTICLES
Where U.S. Trade Policy and Grand Strategy Intersect (Forbes Headlines)

SEC.gov Updates: News DigestApr 20, 2018
497K - LORD ABBETT GLOBAL FUND INC (0000829901) (Filer)
2018-04-20 0000930413-18-001368 45 KB

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497 - LORD ABBETT GLOBAL FUND INC (0000829901) (Filer) (SEC.gov Updates: News Digest)

SEC.gov Updates: News DigestApr 20, 2018
497 - PowerShares Actively Managed Exchange-Traded Commodity Fund Trust (0001595386) (Filer)
2018-04-20 0001193125-18-124298 11 KB

SEC.gov Updates: News DigestApr 20, 2018
25-NSE - NEW YORK STOCK EXCHANGE LLC (0000876661) (Filed by)
2018-04-20 0000876661-18-000396 3 KB

Reuters Company NewsApr 20, 2018
UPDATE 4-China's ZTE slams U.S. ban, says company's survival at risk
* Pledges to safeguard interests through all legal means (Adds comments from U.S. legal experts)

Forbes HeadlinesApr 20, 2018
Why Did Philip Morris' Shares Have Their Biggest One Day Drop?
Philip Morris International reported its first quarter earnings on April 19, and saying investors weren't quite pleased with the results would be an understatement. The shares of the company plunged 16% in the aftermath of the results announcement, its biggest one-day drop since 2008 ....

Reuters BusinessApr 20, 2018
China trade body urges tighter corporate compliance after ZTE woes: document
BEIJING (Reuters) - A state-backed Chinese trade body said compliance is now a core risk for Chinese firms and that the government must speed up the implementation of guidelines on corporate oversight following a U.S. ban on sales to ZTE Corp.

The Motley FoolApr 20, 2018
Skechers (SKX) Q1 2018 Earnings Conference Call Transcript
SKX earnings call for the period ending March 31, 2018.

MarketWatch MarketPulseApr 20, 2018
Justice Department looking into whether AT&T, Verizon are hampering switching carriers: report
The Justice Department has opened an antitrust investigation into AT&T , Verizon Communications and a telecommunications standards organization, the GSMA, over whether they hindered consumers from easily switching wireless carriers, The New York Times reported, citing six people with knowledge of the inquiry. The report said the government was looking into whether they thwarted a new technology that would allow people to switch providers without having to insert a new SIM card into a device. The report said device makers including Apple , Google and Microsoft support the technology.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



The Motley FoolApr 20, 2018
Nucor (NUE) Q1 2018 Earnings Conference Call Transcript
NUE earnings call for the period ending March 31, 2018.

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Crown Castle International (CCI) Q1 2018 Earnings Conference Call Transcript (The Motley Fool)

CNBC BusinessApr 20, 2018
GE sets aside $1.5 billion for investigation settlement after talks with the Justice Department
General Electric met with the Department of Justice last month to discuss the ongoing investigation into its now defunct WMC mortgage business.

Google Business NewsApr 20, 2018
General Electric reports $1.2 bn loss in 1Q; reaffirms outlook - Yahoo News

Yahoo News


New York (AFP) - General Electric reported a $1.2 billion loss in the first quarter Friday following a large legal charge, but shares surged after operating profits topped analyst expectations. GE, which has been hit by weakness in its power and oil
GE profit tops estimates as cost-cutting kicks in


NYTimes BusinessApr 20, 2018
Wall Street Hit by Tech, Oil Weakness
U.S. stock indexes fell on Friday, with Apple leading declines in the technology sector and as energy companies took a hit from lower oil prices after President Donald Trump's criticism on OPEC.

Dismal.com: IndicatorsApr 20, 2018
United States: ECRI Weekly Leading Index
U.S. economic performance remains strong and the outlook is bright for the quarters ahead. In the week ending April 13, the ECRI weekly leading index increased to 148.9 from 147.8. The WLIg, the headline figure's smoothed, annualized growth rate, ticked down to 3.2% from 3.5%.

Reuters BusinessApr 20, 2018
U.S. said to investigate AT&T, Verizon over wireless collusion claim: source
WASHINGTON (Reuters) - The U.S. has opened a probe into alleged coordination by AT&T Inc , Verizon Communications , a telecommunications standards organization and potentially other providers to hinder consumers from easily switching wireless carriers, a person briefed on the matter said on Friday.

RELATED ARTICLES
US Investigating AT&T and Verizon Over Wireless Collusion Claim - New York Times (Google Business News)

MarketWatchApr 20, 2018
Bond Report: Yield for 10-year U.S. government bond jumps to more than 4-year high
Treasury yields rose on Friday set to consolidate a sharp weeklong climb as investors circle around the consensus that three additional rate hikes were in the offing this year.

Washington Post BusinessApr 20, 2018
Trump turns Twitter power on OPEC, oil prices
Americans waste about a quarter of the food they buy, and the environmental consequences are enormous.

MarketWatch MarketPulseApr 20, 2018
The U.S. 10-year government bond yield just touched its highest level in about 4 years
Treasury prices tumbled, pushing yields higher, on Friday as investors and traders sold U.S. government paper. The 10-year Treasury note yield advanced 4.4 basis points to 2.956%, the highest since January 2014. The 2-year note yield rose 4.2 basis points to 2.956%, while the 30-year bond yield rose 3.9 basis points to 3.144%. Bond prices move in the opposite direction of yields. Investors pointed the finger at a range of reasons including an overextended yield curve flattening in the last few weeks, stronger inflation expectations and more market participants pricing in three additional rate hikes this year. The rise in yields coincided with an accelerated slide in the Dow Jones Industrial Average and the S&P 500 index in late-Friday trade.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



RELATED ARTICLES
Dow falls nearly 300 points at lows, threatens to give up weekly gain as government bond yields rise (MarketWatch MarketPulse)

MarketWatchApr 20, 2018
Futures Movers: Oil ends modestly higher, posts a second straight weekly gain
Oil prices settle with a modest gain, shaking off earlier weakness sparked by a tweet from U.S. President Donald Trump, to finish with a gain for the week.

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Gold futures fall 0.7% for the week (MarketWatch MarketPulse)

Forbes HeadlinesApr 20, 2018
Barrick Gold Q1'18 Earnings Preview: Higher Gold Prices To Provide Relief
Barrick Gold (NYSE: ABX) will report its first quarter 2017 results on 23rd April and conduct a conference call with analysts the following day. The company's top line is expected to decline due to falling gold output, with higher gold prices expected to provide some respite to the top line....

SEC.gov Updates: News DigestApr 20, 2018
4 - People's United Financial, Inc. (0001378946) (Issuer)
2018-04-20 0001562180-18-001943 4 KB

CNBC FinanceApr 20, 2018
JPMorgan, National Bank of Canada, others test debt issuance on blockchain
JPMorgan is considering spinning off Quorum, its blockchain platform, because the technology has attracted significant outside interest.

SEC.gov Updates: News DigestApr 20, 2018
3 - Manoni Douglas J (0001737918) (Reporting)
2018-04-20 0001144204-18-021663 9 KB

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3 - Comstock Brian J (0001737944) (Reporting) (SEC.gov Updates: News Digest)
4 - Filler James J (0001097672) (Reporting) (SEC.gov Updates: News Digest)

MarketWatchApr 20, 2018
Market Snapshot: Stocks end lower but eke out weekly gains
U.S. stocks extend losses in late trade to end lower on Friday, as weakness in technology and consumer staples shares offset the latest batch of corporate earnings, which largely continued to beat expectations.

MarketWatch MarketPulseApr 20, 2018
Salesforce CEO made 30 times typical worker last year, but ratio should have been much higher
Salesforce.com Inc. Chief Executive Marc Benioff made 30 times the median Salesforce employee's salary in the most recent fiscal year, the company disclosed Friday afternoon, though it would have been much higher if it were not for a quirk of the calendar. Salesforce said Benioff made about $4.7 million in fiscal 2018, with $1.5 million in salary and a $3 million bonus, while the median employee compensation was $155,284. The company said both figures would have been much higher if stock bonuses were counted, but a change in the equity payout schedule meant that no equity awards were actually doled out in the 2018 fiscal year. Salesforce said if the equity awards given to employees and Benioff in the 2019 fiscal year had counted on the tally, it would have increased the ratio to 130-to-1. Companies this year are reporting their CEO pay in relation to the compensation of a median worker for the first time as a result of a 2015 rule mandated by the Dodd-Frank act. Salesforce stock has gained 46.1% in the past year, while the S&P 500 index has added 14.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters BusinessApr 20, 2018
Wall Street falls on investor nerves about interest rates, tech
NEW YORK (Reuters) - Wall Street's three major indexes declined on Friday as investors worried about a jump in U.S. bond yields, with technology stocks leading the decline on nerves about upcoming earnings reports and iPhone demand.

SEC.gov Updates: News DigestApr 20, 2018
D - Freeport First Lien Loan Fund IV LP (0001737501) (Filer)
2018-04-20 0001393725-18-000071 11 KB
Item 3C: Investment Company Act Section 3(c)
Item 3C.7: Section 3(c)(7)


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40-17G - A&Q Masters Fund (0001580166) (Filer) (SEC.gov Updates: News Digest)
40-17G - A&Q Alternative Fixed-Income Strategies Fund LLC (0001174281) (Filer) (SEC.gov Updates: News Digest)

Google Business NewsApr 20, 2018
There are multiple red flags in MoviePass' financial statements that should scare investors - Business Insider

Business Insider


MoviePass' owner, Helios and Matheson Analytics, has been losing $20 million a month on average since September, it said in a prospectus filed this week. Erik Gordon, a professor at the University of Michigan's Ross School of Business, said the fine
Is Movi


KiplingerApr 20, 2018
5 Best Emerging-Markets Funds for the Long Haul
Emerging-markets funds are on fire. Over the past 12 months through April 18, the MSCI Emerging Markets index has returned 27.1%. That's 7.6 percentage points more than the MSCI EAFE index of developed countries outside the U.S. and 9.6 percentage points better than Standard & Poor's 500-stock index.

The rally looks likely to continue. Corporate earnings are growing at a rapid clip in many emerging markets, and the stocks are cheap. EM shares are trading at 11.9 times analysts' estimates for the coming 12 months. That compares to a forward price-earnings ratio of 16.6 for the S&P 500 and 13.8 for the rest of the developed world. The World Bank projects emerging economies will grow 4.5% this year compared to 2.2% for developed economies.

Emerging markets do have their issues. For instance, EMs have higher rates of corruption than developed economies and many have not embraced capitalism. Russia is the poster child for these afflictions. Many emerging markets are dominated by commodity-producing companies, which tend to go through long periods of feast and famine. Others, such as China, have a high percentage of state ownership of publicly traded companies.

Historically, emerging markets have either led the pack or trailed it for multiyear periods. The most recent dry spell was from 2011 through 2015, when EMs lost an annualized 4.8% thanks to meager earnings growth, particularly in commodities. For the five previous years, emerging markets returned an annualized 12.8%, topping the U.S. and the MSCI EAFE index by more than 10 percentage points.

My advice: Own emerging markets, especially when they're relatively cheap, as they are now. But don't get carried away. Dedicating 10% or 15% of your portfolio to a good emerging-markets fund makes good sense to me. Here are my five favorites:

SEE ALSO: The 25 Best Low-Fee Mutual Funds You Can Buy


CNN/MoneyApr 20, 2018
GM Korea on verge of filing for bankruptcy
GM could soon file for bankruptcy protection for its South Korean unit.

Washington Post BusinessApr 20, 2018
5 things AT&T revealed in the Time Warner trial that could directly affect you
From the witness stand, execs teased new products like AT&T Watch, a streaming service without sports.

Reuters Company NewsApr 20, 2018
UPDATE 3-GM Korea fails to reach wage deal, edging closer to bankruptcy filing
* GM, union fails to strike a deal, passing deadline for bankruptcy filing

SEC.gov Updates: News DigestApr 20, 2018
DEFA14A - NETGEAR, INC (0001122904) (Filer)
2018-04-20 0001122904-18-000119 337 KB

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DEF 14A - Knight-Swift Transportation Holdings Inc. (0001492691) (Filer) (SEC.gov Updates: News Digest)

Reuters Company NewsApr 20, 2018
UPDATE 1-Engine maker CFM recommends urgent checks on some Boeing 737 engines
PARIS/WASHINGTON, April 20 (Reuters) - Aircraft engine maker CFM International said on Friday it was recommending expanded inspections within 20 days of engines similar to one involved in a fatal Southwest Airlines accident earlier this week.

FT.com - Financial MarketsApr 20, 2018
Treasuries sell-off pushes yields to four-year high
Benchmark yield rises to 2.96% high as expectations of Fed moves are heightened

SEC.gov Updates: News DigestApr 20, 2018
DEFA14A - PRA Health Sciences, Inc. (0001613859) (Filer)
2018-04-20 0001104659-18-025621 273 KB

Washington Post BusinessApr 20, 2018
Wells Fargo May Not Be Done Paying for Its Misdeeds: Gadfly
The legislation, which passed 51 to 47 largely along party lines, is the latest Republican rebuke of the Consumer Financial Protection Bureau.

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UPDATE 2-Wells Fargo agrees to pay $1 bln to settle customer abuses (Reuters Company News)

NYTimes BusinessApr 20, 2018
Economic View: How the Loss of Union Power Has Hurt American Manufacturing
The nation's union leaders once had the president's ear through seats in the cabinet as secretaries of labor. And then they stopped getting that job.

Reuters Company NewsApr 20, 2018
UPDATE 1-Alibaba buys Chinese chipmaker to aid IoT biz, help drive local chip sector
* Deal comes as tech self-sufficiency becomes hot topic in China (Adds source comments, context)

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UPDATE 4-Southwest challenged engine maker over speed of safety checks (Reuters Company News)

Google Business NewsApr 19, 2018
AT&T's CEO Stephenson Pitches Time Warner Deal to Judge - Bloomberg

Bloomberg


AT&T Inc. Chief Executive Officer Randall Stephenson made his grandest pitch yet for the company's planned takeover of Time Warner Inc., describing the $85 billion deal as a crucial step to the judge who holds the deal's fate in his hands. Stephenson


USA Today MoneyApr 19, 2018
Philip Morris Int'l stock slumps on poor earnings as iQOS growth in Japan 'plateaus'
Philip Morris International said growth of iQOS, its heat-not-burn tobacco product, slowed in Japan. iQOS warms tobacco to a temperature that's high enough to emit an aerosal but not high enough to cause combustion, the chemical process that makes smoking conventional cigarettes so harmful.      

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Philip Morris on track for worst day in a decade as iQOS growth in Japan 'plateaus' - CNBC (Google Market News)

USA Today MoneyApr 19, 2018
Feds: Rodents, filth found at N.C. farm tied to massive egg recall
Rodents and other problems were discovered at the Rose Acre Farms egg operation in Pantego, N.C. The company disputes the inspection report.        

The Motley FoolApr 19, 2018
How Amazon Prime Compares to These 3 Leading Membership-Based Businesses
Memberships and subscriptions are the way to go.

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Amazon Prime has 100 million members — here's how to decide if it's worth the cost - Business Insider (Google Business News)

Google Business NewsApr 19, 2018
MoviePass faces angry investors after selling off $150M in stock - New York Post

New York Post


Subscribers to the MoviePass $9.95-a-month all-you-can-watch service who wondered how the company can make money got an answer on Thursday. It can't. At least not yet. The parent company of the popular movie subscription plan was forced to sell $150
MoviePass parent company Helios &a


WSJ US NewsApr 19, 2018
Justice Department to Give Congress Access to Comey Memos
Lawmakers on Capitol Hill are expected to get access to former FBI director James Comey's memos memorializing his interactions with President Donald Trump.

Dismal.com: IndicatorsApr 19, 2018
United States: St. Louis Fed Financial Stress Index
Financial market stress eased for the first time in four weeks as trade tensions between the U.S. and China eased. The St. Louis Fed Financial Stress Index declined to -0.97. The S&P 500 rose 2% and volatility fell. Meanwhile, the yield on the 10-year Treasury bond rose 5 basis points to 2.82%. Measures of credit risk also improved, helping to ease financial conditions.

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United States: Conference Board Leading Indicators (Dismal.com: Indicators)

SEC.gov Updates: News DigestApr 19, 2018
485BPOS - VANGUARD PENNSYLVANIA TAX-FREE FUNDS (0000788606) (Filer)
2018-04-19 0000932471-18-005673 1 MB

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Well, that was a wild Tax Day. This is how many people procrastinated. (Washington Post Business)
485BPOS - VANGUARD CALIFORNIA TAX-FREE FUNDS (0000783401) (Filer) (SEC.gov Updates: News Digest)

MarketWatchApr 19, 2018
Economic Report: U.S. economy still has plenty of fuel for growth, leading indicators show
The leading economic index rose 0.3% in March, but it was the smallest increase since last September.

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U.S. Leading Economic Indicators Rose in March (Wall Street Journal US Business)
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