IN THE NEWS
BENZINGA
With a president in office eager to roll back financial regulations, Federal Reserve Chair Janet Yellen spoke in favor of safeguards in the banking system — and the Fed’s independence — in remarks at the University of Michigan on Monday: Link
United Continental Holdings Inc UAL has found itself in the middle of a PR nightmare after a video of police forcibly removing a paying customer from an overbooked flight on Sunday night went viral: Link
THE WALL STREET JOURNAL
An activist investor has amassed a large stake in Whole Foods Market Inc. WFM and wants it to accelerate its turnaround and explore a possible sale, increasing pressure on the upscale organic grocer to find its footing after its rapid growth stalled: Link
Qualcomm Inc. QCOM fired back at Apple Inc. AAPL in their legal battle, defending its business model and seeking damages from Apple over withheld payments for technology used in iPhones: Link
The Trump administration held out the prospect Monday of wider retaliation against Syria and signaled a new push to remove the country’s divisive leader ahead of Secretary of State Rex Tillerson’s meetings with Damascus’s Russian allies: Link
REUTERS
Nervous investors turned to the safety of gold, government bonds and the yen on Tuesday as concerns mounted about possible U.S. military strikes in the Middle East and the Korean Peninsula: Link
Global stocks of corn, wheat, rice and soybeans combined will hit a record 671.1 million tonnes going into the next harvest - the third straight year of historically high surplus, according to the U.S. Department of Agriculture (USDA). That's enough to cover demand from China for about a year: Link
BLOOMBERG
Upending eight decades of convention in how equities research is priced on Wall Street will increase transparency and reduce conflicts. What it won’t do is make more people want to become analysts: Link
The world’s largest media companies returned to the negotiating table Monday with Hollywood screenwriters, seeking to avert a strike that could cost the entertainment industry billions of dollars and take popular TV shows off the air indefinitely: Link
NY POST
JAB Holding may have competition for Panera Bread Co PNRA, The Post has learned: Link
ECONOMIC DATA
- The Labor Department's JOLTS report for February 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
- Pacific Crest upgraded Yelp YELP from Sector Weight to Overweight
- RBC Capital upgraded RetailMeNot SALE from Underperform to Sector Perform
- Goldman Sachs upgraded RSP Permian RSPP from Neutral to Buy
- Jefferies downgraded State Street STT from Buy to Hold
- DA Davidson downgraded Potlach PCH from Neutral to Underperform
- Cantor Fitzgerald downgraded Wix.com WIX from Overweight to Neutral
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 or email minutes@benzinga.com.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.