Phil Mickelson to Repay $1M After Insider Trading Probe @FoxBusiness
http://www.foxbusiness.com/features/2016/05/19/phil-mickelson-to-repay-1m-after-insider-trading-probe.html
Fmr. Ravens Star: Why Athletes Go Broke @FoxBusiness
http://www.foxbusiness.com/features/2016/05/19/fmr-ravens-star-ray-lewis-explains-why-athletes-go-broke.html
Michael R. Bloomberg: Leaving Europe Is a Risk the U.K. Shouldn’t Take
Michael R. Bloomberg: Leaving Europe Is a Risk the U.K. Shouldn’t Take
Dudley joins chorus of Fed officials seeing rate hikes soon
http://www.reuters.com/article/us-usa-fed-fischer-idUSKCN0YA1RC
S&P, Dow touch two-month lows as Fed hints at June rate hike
http://www.reuters.com/article/us-usa-stocks-idUSKCN0YA1FI
LinkedIn Corp’s Integration of Lynda.com Is Looking Good @FoxBusiness
http://www.foxbusiness.com/markets/2016/05/19/linkedin-corp-integration-lyndacom-is-looking-good.html
Required Reading
Morley Safer, ’60 Minutes’ Chronicler of the Offbeat, Dies at 84 Argentine Congress Passes Jobs Law in Test for Macri Reforms Iraq Reaches $5.4 Billion IMF Funding Accord, Minister Says G-7 Gathering Kicks Off With Competing Views on Boosting Growth Wreckage of EgyptAir jet found: airline Aviation minister suspects foul play
The Closing Look
On Thursday, stocks opened lower after the latest round of economic and earnings data was released. Before the open, Wal-Mart ($WMT) beat by 10 cents but that came after the retail giant lowered guidance several times in the past year. Economic data was mixed, jobless claims fell by 16k, to 278, missing estimates for 275k….
The Closing Look
On Wednesday, stocks were higher but fell after the Fed released the minutes of its latest meeting. The minutes showed the Fed would entertain a potential June rate hike if economic conditions improved. The USD rallied hard on the news and a slew of commodities fell. Financial stocks were bid higher all day after the bulls…