Tag Archives: IN THE NEWS

The Market In 5 Minutes: Trump-ZTE, Xerox-Fujifilm, Steve Eisman And More

The biotech sector saw a modest uptick this week amid a slew of biotech earnings news flow and a deal announced in the space: Link

Retailers have shown greater capital discipline in the hopes of re-invigorating their businesses, but investors must take a cautious stance on the sector, according to Morgan Stanley: Link

President Donald Trump said he was working with Chinese President Xi Jinping to keep ZTE Corp. in business, throwing an extraordinary lifeline to the Chinese telecommunication giant that has been laid low by U.S. moves to cut off its suppliers: Link $

Xerox Corp (NYSE: XRX) said it will back out of its merger deal with Fujifilm Holdings Corp. as it reached a new settlement with two of its biggest shareholders, the latest twist in a months long tug of war over the future of the iconic American company: Link $

U.S. Secretary of State Mike Pompeo said on Sunday that Washington would agree to lift sanctions on North Korea if the country agrees to completely dismantle its nuclear weapons program, a move that would create economic prosperity that “will rival” that of South Korea: Link

HSBC Holdings Plc said on Monday it has performed the world’s first trade finance transaction using a single blockchain platform in a push to boost efficiency in the multi-trillion-dollar funding of international trade: Link

Elon Musk has said the “short burn of the century” is coming soon to investors betting against Tesla Inc (NASDAQ: TSLA). He’s rapidly losing top deputies to help him deliver on that prediction: Link $

Steve Eisman, the Neuberger Berman Group money manager who famously predicted the collapse of subprime mortgages before the 2008 financial crisis, recommended shorting Deutsche Bank AG (NYSE: DB) shares: Link $

Merrill Lynch loaded the dice in Las Vegas — and cheated a local female high roller out of at least $1 million in commissions, according to a gender discrimination lawsuit filed recently: Link

ECONOMIC DATA
St. Louis Fed President James Bullard will speak at 9:40 a.m. ET.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
ANALYST RATINGS
Canaccord upgraded Thomson Reuters (NYSE: TRI) from Hold to Buy
Jefferies upgraded Tailored Brands (NYSE: TLRD) from Hold to Buy
Compass Point downgraded Hilltop Holdings (NYSE: HTH) from Buy to Neutral
Deutsche downgraded Hostess Brands (NASDAQ: TWNK) from Buy to Hold

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.

The Market In 5 Minutes: Schneiderman Resigns, Piwowar To Step Down, Spending Cuts And More

Five months into the year, "Fortnite" is unquestionably the biggest story in gaming. The battle royale-style free play game continues to spread through word of mouth and a virality that has touched numerous aspects of society. And now it's driving hardware sales: Link

A fintech veteran talks ICOs and startups: 'The future is bright': Link

Takeda Pharmaceutical Co. on Tuesday reached an agreement to buy Shire PLC (NASDAQ: SHPG), capping a months long battle for control of the European drugmaker and marking the biggest-ever overseas acquisition by a Japanese company: Link $

New York state Attorney General Eric Schneiderman abruptly resigned Monday night after the New Yorker published an article in which four women alleged he physically abused them: Link $

U.S. President Donald Trump will request a package of $15 billion in spending cuts from Congress on Tuesday, including some $7 billion from the Children’s Health Insurance Program championed by Democrats, senior administration officials said on Monday: Link

Silicon Valley billionaire — and Donald Trump supporter — Peter Thiel has emerged as an unlikely player in the international debate over Iran’s nuclear deal with six world powers: Link

Wall Street’s favorite regulator is on his way out: Link

ECONOMIC DATA
US April NFIB small business optimism index 104.8 vs 104.5 expected
Redbook Reports US Retail Sales During First Week Of May Up 0.8% MoM, Up 3.3% YoY
The Labor Department's JOLTS report for March is schedule for release at 10:00 a.m. ET.
The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
The Treasury will auction 3-year notes at 1:00 p.m. ET.
ANALYST RATINGS
Canaccord upgraded Impinj (NASDAQ: PI) from Hold to Buy
Argus upgraded Viavi (NASDAQ: VIAV) from Hold to Buy
RBC downgraded Zillow (NASDAQ: ZG) from Outperform to Sector Perform
Raymond James downgraded Del Frisco (NASDAQ: DFRG) from Outperform to Market Perform

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.