All posts from Benzinga
Benzinga in Benzinga,

The Market In 5 Minutes



Ocwen Financial Corp OCN 1.33% shares are down 54.3% in the past week after more than 20 states issued cease-and-desist orders against the company related to alleged mismanagement of escrow accounts and the company’s poor financial state: Link

Secretary of the Treasury Steven Mnuchin revealed the White House's proposed tax plan Wednesday. It could save President Donald Trump the annual earnings of 4,300 minimum wage workers: Link

United States Steel Corporation X 1.98%'s surprise loss in the first quarter contributed to the stock's more than 15 percent decline. But according to Gordon Johnson of Axiom Capital Research, the company's outlook and stock price can only get worse moving forward: Link


The Trump administration said it was no longer considering pulling out of the North American Free Trade Agreement, following a day of intense lobbying from business leaders and lawmakers who rallied to quash internal White House discussion of the prospect: Link

Nintendo Co. NTDOY 3.94% posted a cheerful business outlook for the fiscal year on Thursday, forecasting that strong Switch sales would lift profits to seven-year highs: Link


United Airlines UAL 3.04% said on Thursday it would offer passengers who volunteer to forfeit their seats on overbooked flights up to $10,000 as part of the carrier's efforts to repair the damage from the rough removal of a passenger: Link

Two weeks after Elliott Management's surprise assault on BHP Billiton BHP 3.23%, the fund manager's three-point demand for change is gaining little traction with investors, prompting expectations a second strike is imminent: Link


Terrified that rallies in Facebook Inc. FB 0.38%, Inc. AMZN 1.09% and Google GOOG 0.21% portend a millennial catastrophe along the lines of the dot-com bust? Relax. Going by one doomsday clock, it’s only 1997 in bubble years: Link

Fannie FNMA 1.69% and Freddie FMCC 0.9% still operate under government control—and they’re now a bigger part of the system, guaranteeing payment on just under half of all U.S. mortgages, up from 38 percent before the crisis: Link


An Alabama man live-streamed his suicide on Facebook in what has become a disturbing trend: Link


  • USA Durable Goods Ex-Transportation (MoM) for Mar -0.20% vs 0.40% consensus estimate. The prior reading was revised from an initial 0.50% to 0.70%.
  • USA Initial Jobless Claims for Apr 21 257.0K vs 241.0K consensus estimate. The prior reading was revised from an initial 244.0K to 243.0K. Continuing Claims for Apr 14 1.99M vs 2.0M consensus estimate.
  • The pending home sales index for March is schedule for release at 10:00 a.m. ET.
  • The Energy Information Administration’s weekly report on natural gas stocks is schedule for release at 10:30 a.m. ET.
  • The Kansas City Fed manufacturing index for April is schedule for release at 11:00 a.m. ET.
  • The Treasury is set to auction 7-year notes at 1:00 p.m. ET.
  • Data on Farm prices for April will be released at 3:00 p.m. ET.
  • Data on money supply for the latest week will be released at 4:30 p.m. ET.


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

© 2017 Benzinga does not provide investment advice. All rights reserved.