Markets News Stocks 

The stock market is freaking out up about the bond market—but should it be?

“Government bond yields climbing and a shrinking gap between short-term and long-term Treasury rates have prompted some consternation on Wall Street, driving equity prices lower as investors fret about what these dynamics mean for U.S. economic growth entering its ninth year of expansion” reports marketwatch.com. Netflix Inc. on Monday detailed stunning growth for a tech company that has been around more than two decades, as its hefty spending on content and international expansion pays off in a big way. Source: marketwatch.com Share This:

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Alphabet earnings: Google will offer a gander at its Uber investment

“Earnings: On average, analysts polled by FactSet model earnings of $9.28 a share and adjusted earnings of $11.75” writes Tech Reporter for marketwatch.com. That change begins Monday, when the Google parent company expects to report first-quarter earnings after the bell.Revenue: For the first quarter, analysts model sales of $24.26 billion after accounting for traffic-acquisition costs.Lastly, Google said it would begin providing cost-per-impression data from Google’s network revenue instead of the cost-per-click data it has provided investors.Contributors to Estimize, which crowdsources estimates from analysts, fund managers and academics, predict earnings of…

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News Oil 

Iran intl. oil show to host start-up demo days

“The Iran oil show is among the most significant oil and gas events in the world in terms of the number of participants and its diversity” reports tehrantimes.com. Through the event, startup runners and investors can interact with each other and talk about their ideas.It aims to attract investors for newly-established startups and knowledge enterprises active in the field of gas and oil. Source: tehrantimes.com Share This:

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Crypto News 

AngelList Reports Doubling of Crypto Jobs Since New Year

“AngelList, a website for startups offering vacancies to job seekers and investment opportunities for angel investors, reported that the number of crypto job openings has doubled in the past three months, according to their weekly newsletter published Thursday, April 19” reports cointelegraph.com. In their newsletter, AngelList lists three companies hiring in the field of “Decentralized Finance,” three in “Security Hardware,” and three in “Decentralized Internet.” Last December, Cointelegraph wrote about the various new kinds of job opportunities in crypto in 2018, including in development, law, and design.The newsletter also mentions…

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A tale of two deals—ahead of earnings, Biogen move perplexes

“Read our previous coverage: Biogen earnings: The art of the (expected) deal and Rare disease drug is driving Biogen earnings, but for how long?” writes Emma Court for marketwatch.com. Ionis shares surged 4.5% on the partnership, while Biogen shares declined 1%.How Biogen approached a potential AveXis deal will be important to investors come its earnings, scheduled for early Tuesday, said Mizuho analyst Salim Syed.Long expected to make a deal, drugmaker Biogen finally did on Friday — just not the deal anyone was expecting. Source: marketwatch.com Share This:

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Alphabet is making three big changes in how it reports earnings on Monday

“When Alphabet posts its first quarter results on Monday, investors should be prepared to see three changes to how it reports its earnings” writes unknown author for cnbc.com. The changes, which Alphabet announced earlier this month, will likely lead to a decrease in revenue in Alphabet’s “Other Bets” category and more volatility for its “other income and expenses,” while also providing a new way to measure the success of its ads on third-party websites. Source: cnbc.com Share This:

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Pinnacle Foods shares surge after activist investor Jana takes 9.1% stake

“Activist investor Jana Partners disclosed a 9.1 percent stake in Pinnacle Foods on Thursday and said it would seek talks with the company on a range of subjects including a possible sale of the packaged foods maker” writes Antonio Cavallo for cnbc.com. “We are aware that Jana Partners has made a 13D filing regarding its investment in Pinnacle Foods,” a company spokesperson said in an email to Reuters.Some investors have said privately earlier this year they would like Pinnacle to revisit a possible merger and said that Conagra could still…

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News Stocks 

GE’s stock on track for best post-earnings performance in over 7 years

“The stock is on track for the biggest one-day post-earnings gain since Jan. 21, 2011, when it rallied 7.1% after fourth-quarter 2010 results” writes Reporter Editor for marketwatch.com. GE’s stock had lost 14.0% over the past three months through Thursday, while the Dow Jones Industrial Average DJIA, -0.17% had lost 5.4%.Before that, the biggest gain was 4.6% on July 19, 2013, after second-quarter 2013 results.With volume of over 4.1 million shares, the stock was the most actively traded before the open.General Electric Co.’s stock GE, +6.29% ran up 5.3% in…

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Qualcomm cutting 1,500 jobs at its California offices

“(Reuters) – Chipmaker Qualcomm Inc is cutting 1,500 jobs across multiple divisions at its offices in California, as part of its promise to investors to cut annual costs by $1 billion” writes Midwest Communications Inc for 95kqds.com. The company, which has about 33,800 employees as of Sept.24, informed about its job cut plans in California in a regulatory notice that was filed with the state on April 18.Qualcomm said it plans to cut 1,231 jobs in its San Diego office and 269 from its San Jose and Santa Clara offices…

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