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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."
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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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 * Pound on back foot after dovish remarks from BoE's Carney
(Adds Wall Street close; updates throughout)
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 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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The civil penalty is among the largest ever levied by the nation's consumer protection watchdog.
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 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.
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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.
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* Pledges to safeguard interests through all legal means
(Adds comments from U.S. legal experts)
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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 ....
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 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.
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SKX earnings call for the period ending March 31, 2018.
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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.
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NUE earnings call for the period ending March 31, 2018.
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General Electric met with the Department of Justice last month to discuss the ongoing investigation into its now defunct WMC mortgage business.
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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
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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.
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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%.
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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.
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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.
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Americans waste about a quarter of the food they buy, and the environmental consequences are enormous.
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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.
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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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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....
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JPMorgan is considering spinning off Quorum, its blockchain platform, because the technology has attracted significant outside interest.
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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.
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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.
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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.
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Item 3C: Investment Company Act Section 3(c)
Item 3C.7: Section 3(c)(7)
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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
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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
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 GM could soon file for bankruptcy protection for its South Korean unit.
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From the witness stand, execs teased new products like AT&T Watch, a streaming service without sports.
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* GM, union fails to strike a deal, passing deadline for
bankruptcy filing
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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.
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Benchmark yield rises to 2.96% high as expectations of Fed moves are heightened
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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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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.
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* Deal comes as tech self-sufficiency becomes hot topic in
China
(Adds source comments, context)
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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
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 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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 Rodents and other problems were discovered at the Rose Acre Farms egg operation in Pantego, N.C. The company disputes the inspection report.
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Memberships and subscriptions are the way to go.
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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
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Lawmakers on Capitol Hill are expected to get access to former FBI director James Comey's memos memorializing his interactions with President Donald Trump.
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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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The leading economic index rose 0.3% in March, but it was the smallest increase since last September.
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