Should We Call It a Comeback? Former Yahoo CEO Marissa Mayer Is Launching a Tech Incubator

Former Yahoo Chief Executive Officer Marissa Mayer is starting a technology business incubator, Lumi Labs, with longtime colleague Enrique Muñoz Torres. The venture will focus on consumer media and artificial intelligence, according to the company’

• 
  'One of my key learnings from Yahoo is timing is everything', Marissa Mayer

  Business Standard India
• 
  Marissa Mayer is renting the original Google office where she started her career in 1999

  Quartz

Bitcoin Loses Out to Bitcoin Cash – Is it the Beginning of the End?

The Bitcoin bulls didn’t get the memo on Wednesday, with Bitcoin only managing a 3.56% rise on day, partially reversing Monday and Tuesday’s losses, to end the day at $8,169.5. A morning rally saw Bitcoin break out from the 23.6% FIB Retracement Level of $7,996.57 to hit a morning $8,168.8 high, breaking through the first major support level of $8,098.87 before seeing a pullback to an early afternoon $7,907.4 to call on buyer support at the 23.6% FIB Retracement Level of $7,996.57. A late afternoon rally saw Bitcoin hit an intraday high $8,237.2, testing the day’s 1st major resistance level for a 2nd time and this time managing to hold on through to the day’s end.

• 
  Cardano’s ADA Technical Analysis – The Cardano Rally Resumes – 18/04/18

  FX Empire
• 
  Bitcoin Looking to Feed off from Gains Elsewhere for a Rebound

  FX Empire

Philip Morris Plunges the Most in a Decade on Slump in Cigarettes

Big tobacco is still looking for a savior, if Philip Morris International Inc. is any guide. Shares in the cigarette giant plunged as much as 18 percent after its latest earnings report showed that $4.5 billion spent on four new products are failing to win over new customers. Sales growth of the iQos, a device that heats a tobacco plug without setting it on fire, has been slowing after initial success in Japan. Philip Morris, which sells Marlboros outside the U.S., reported revenue excluding excise taxes of $6.9 billion, less than the $7.03 billion projected by analysts in a Bloomberg survey. The share decline, to as low as $83.50, was the biggest since the company split from Altria Inc. in 2008.

• 
  A Look At The Fair Value Of Philip Morris International Inc (NYSE:PM)

  Simply Wall St.
• 
  Philip Morris (PM) Stock Loses 5% Despite Q1 Earnings Beat

  Zacks

Rodent Infestation, ‘Spread of Filth’ Found Before Egg Recall

Before a U.S. farm voluntarily recalled 207 million eggs, government inspectors found rodents scurrying in manure pits, equipment that was coated with grime and food debris, and outside a swarm of “large flying insects too numerous to count.” Unsanitary conditions were found during multiple inspections of a Rose Acre Farms facility in Hyde County, North Carolina, that allowed for the “proliferation and spread of filth and pathogens throughout the facility that could cause the contamination of egg processing equipment and eggs,” according to a report from the U.S. Food and Drug Administration detailing inspections. A review of the farm’s pest control records flagged an ongoing rodent infestation,

• 
  FDA inspectors found rodents, filth and butt-scratching workers at farm tied to egg recall

  The Indianapolis Star
• 
  Dead Carcasses and Rodents Found at Farm Behind Massive Salmonella Egg Recall

  Fortune

TSMC's smartphone warning points squarely at Apple: analysts

Shares in Apple Inc and its suppliers fell on Thursday after a raft of analysts read a prediction of softer smartphone sales from Taiwan Semiconductor Manufacturing Co Ltd as driven chiefly by concern about demand for iPhones. TSMC, the world's largest contract chipmaker and a major Apple supplier, revised its full-year revenue target to the low end of its earlier forecast. "Apple represents nearly 20 percent of TSMC's revenue so the outlook potentially points to weaker-than-anticipated iPhone demand," Atlantic Equities analyst James Cordwell told Reuters.

• 
  Have Apple's iPhone X and iPad hit a wall?

  CNET
• 
  Apple, Nvidia shares fall after a key Asian chip partner gives weak guidance

  CNBC

AT&T's Merger Boss Mocks U.S. Claim About Comcast Coordination

An AT&T Inc. executive told a judge that the company’s contentious relationship with Comcast Corp. is evidence that the two rivals wouldn’t coordinate to withhold content from upstart distributors if AT&T’s acquisition of Time Warner Inc. goes through, as the U.S. claims.

How Amazon Prime's 100 million subscribers stacks up against Netflix, Spotify and Apple

Amazon CEO Jeff Bezos’s annual shareholder letter, released on Wednesday evening, included an unexpected reveal. Your first question might be to wonder how that number compares to other subscription services for streaming content. To be sure, these are not apples-to-apples comparisons, since Prime is not only for video—in fact, it’s likely that the vast majority of Prime members pay for the service to get the shipping benefits, not for Prime Video.

• 
  Amazon exceeds 100 million Prime subscribers

  The Telegraph
• 
  Bezos Reveals How Many Customers Subscribe to Amazon Prime

  Yahoo View

Why Did Semiconductor Stocks Dip This Morning?

Shares of several major semiconductor industry stocks were down in early morning trading Wednesday after the latest quarterly earnings reports from equipment suppliers ASML Holding ASML and Lam Research LRCX caused hesitation.Nevertheless, there were

• 
  A big slowdown in iPhone orders has Wall Street worried

  BGR News
• 
  Apple, Nvidia shares fall after a key Asian chip partner gives weak guidance

  CNBC

Tobacco and tech drag on Wall Street; yields boost banks

By Sinéad Carew NEW YORK (Reuters) - Wall Street's three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector and rising bond

• 
  U.S. Stocks Decline on Tech Woes, Treasuries Slide: Markets Wrap

  Bloomberg
• 
  Apple Jitters Mount on Concerns of Waning Smartphone Demand

  Bloomberg

Blue Origin believes it can get tourists into space by th...

CNBC's Morgan Brennan talks with Blue Origin CEO Bob Smith about the company's new engine for it's latest suborbital rocket and new opportunities in space exploration.

• 
  The surprising reason Jeff Bezos loves bad reviews from ‘divinely discontent’ Amazon customers

  CNBC
• 
  Amazon Has More Than 100 Million Prime Subscribers, Reveals Jeff Bezos

  Time

CEO Awarded $60 Million to Lead Linn Energy Firm Past Bankruptcy

The same day Linn Energy Inc. exited bankruptcy, it awarded Chief Executive Officer Mark Ellis a $60 million compensation package, more than three times the amount Exxon Mobil Corp. paid its CEO.Ellis’s pay included an equity grant worth $58 million,

• 
  Formerly bankrupt Linn Energy further splintering, CEO retiring

  Houston Chronicle
• 
  Celsius Holdings Inc. announces long-term CEO

  American City Business Journals

Philip Morris Results Stoke Global Tobacco Stock Sell-Off

Philip Morris International Inc. led a sell-off in tobacco companies in the U.S. and London after its first-quarter revenue trailed analysts’ estimates. The stock plunged the most on record, pushing shares of competitors including Imperial Brands Plc, Altria Group Inc. and British American Tobacco Plc deeper into negative territory for 2018. The latest results from the maker of Marlboro and other top cigarette brands underscored the struggle the industry has had shifting to new products as global smoking rates decline.

• 
  A Look At The Fair Value Of Philip Morris International Inc (NYSE:PM)

  Simply Wall St.
• 
  Philip Morris (PM) Stock Loses 5% Despite Q1 Earnings Beat

  Zacks

Should You Buy General Electric (GE) Stock Ahead of Earnings?

Shares of General Electric GE surged nearly 2% in early morning trading Thursday, just one day before the embattled conglomerate is scheduled to release its latest quarterly earnings report. Investors will want to pay close attention to GE’s results on Friday morning as the iconic brand looks to rebuild confidence from the market. Earnings growth is expected to be strong throughout the Q1 report season, but the tone surrounding General Electric is concern—not optimism.

• 
  U.S. Stocks Decline on Tech Woes, Treasuries Slide: Markets Wrap

  Bloomberg
• 
  Aust stocks to follow Wall Street higher

  AAP

5 Unsteady Dividend Stocks That Will Win Longer Term

This includes some pretty great dividend stocks. There are now plenty of dividend stocks that have wonderful long-term futures that have only been blurred by the recent downturn and volatility. There’s nothing wrong with them, their cash flows or other important dividend-related metrics.

• 
  Top Rated Dividend Stocks

  Simply Wall St.
• 
  How Does Leon’s Furniture Limited (TSE:LNF) Fare As A Dividend Stock?

  Simply Wall St.

Why Did Apple and Nvidia Stock Open Lower on Thursday?

Shares of tech giants Apple AAPL and Nvidia NVDA opened nearly 2% lower on Thursday after Taiwan Semiconductor Manufacturing TSM, a key chip partner for both companies, posted lower-than-expected revenue guidance for the second quarter. Taiwan Semiconductor said Thursday its revenue for the June quarter will likely fall in the range of $7.8 billion to $7.9 billion, lagging our consensus estimate of $8.5 billion. The company posted adjusted earnings of 59 cents per share for the first quarter, missing the Zacks Consensus Estimate by a penny.

• 
  Apple Jitters Mount on Concerns of Waning Smartphone Demand

  Bloomberg
• 
  Apple, Nvidia shares fall after a key Asian chip partner gives weak guidance

  CNBC

Elaine Wynn Seeks New Board Members After $25 Million Settlement

Elaine Wynn is looking to reconstitute the board of Wynn Resorts Ltd., the casino company she co-founded, after a sex-harassment scandal toppled her ex-husband Steve Wynn from his job as chief executive officer. Wynn, who settled all litigation with her ex-husband this week in exchange for $25 million, said she wanted to remake the board with a majority of new members, according to a regulatory filing Tuesday. Steve Wynn stepped down from the luxury resort operator in February after a series of articles detailed his alleged harassment of female employees at the company. Wynn subsequently sold all of his shares and settled a long-running dispute with his ex-wife that now allows her to vote or sell her 9 percent stake in the company.

• 
  Elaine Wynn's Boardroom Battle Effort Could Drive Wynn Resorts Sale or Breakup

  TheStreet.com
• 
  Wynn Resorts adds 3 new women to its board

  CNBC Videos

China Said to Delay Publication of Asset Management Product Rules

Apr.18 -- China is said to delay the release of the new rules governing its $16 trillion asset management products industry. Bloomberg's Stephen Engle reports on "Bloomberg Daybreak: Asia." (Headline and description changed to reflect the latest news on China's asset management business rules.)

Exclusive: OPEC's new price hawk Saudi Arabia seeks oil as high as $100 - sources

DUBAI/LONDON (Reuters) - Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the agreement's original target is within sight. OPEC is closing in on the original target of the pact - reducing industrialised nations' oil inventories to their five-year average. There is no indication yet, however, that Saudi Arabia or its allies want to wind down the supply cut.

• 
  OPEC, non-OPEC panel finds oil glut virtually eliminated

  Reuters
• 
  Wall Street tumbles on chip stocks, commodities soften after wild ride

  Reuters

Philip Morris Earnings: 11 Things to Know About Q1 Results for PM Stock

Here are a few things to know about the Philip Morris earnings report for the first quarter of 2018. This is an increase over its earnings per share of 98 cents from the same time last year. It also beat out Wall Street’s earnings per share estimate on 90 cents for the quarter.

• 
  Philip Morris International Struggles Despite Lower Taxes, Currency Strength

  Motley Fool
• 
  Why Shares of Altria Group, Inc. and Philip Morris International Fell Today

  Motley Fool

Out of bankruptcy, Seadrill eyes closer ties with oil service firms

Offshore oil driller Seadrill plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday. The company won U.S. court approval on Tuesday for its multi-billion dollar debt restructuring plan after reaching a deal with more than 40 banks, unsecured creditors and shipyards. Obviously, we would like to do it as fast as possible," CEO Anton Dibowitz told Reuters.

Cambridge Analytica was looking to jump on the crypto bandwagon, too

Before news broke that it had improperly obtained millions of Facebook users' data and undercover videos showed executives listing entrapment among the nefarious ways it could halt political opponents, Cambridge Analytica was reportedly working on a digital currency. A Cambridge Analytica spokesperson didn't discuss the ICO but did tell Reuters, "Prior to the Facebook controversy, we were developing a suite of technologies to help individuals reclaim their personal data from corporate entities and to have full transparency and control over how their personal data are used.

• 
  GDPR: All you need to know 

  Daily Mail
• 
  German lawmakers to grill Facebook manager on data privacy

  Reuters

Japan's Economy, Exports Likely to Pick Up: 5 Stocks to Buy

President Donald Trump and Japan’s prime minister Shinzo Abe on Wednesday agreed to start a fresh dialogue and establish a new framework for trade and investment between the two countries. The trade talks are aimed at balancing United States’ trade deficit with Japan. Trump has been critical of Japan in recent times, describing the terms of trade between them as “not fair” because of the huge trade deficit with that country.

• 
  What to Expect From Florida Summit for Abe and Trump

  Bloomberg
• 
  Donald Trump says he'll walk out of Kim Jong-un talks if they're not 'fruitful' 

  The Telegraph

5 Stock Trades to Make First Thing This Morning

Here are the stock trades for tomorrow catching our eye as we prepare for Thursday’s trading session. As a result, SQ stock is moving higher and powerfully pushed through $50. The market (as if on queue) flushed out a number of traders by plunging MU stock down to $48, running stop-loss orders all along the way.

• 
  Trying to time the market? Forget about it

  CNBC
• 
  Is UPM-Kymmene (UPMKY) a Great Stock for Value Investors?

  Zacks

Should You Buy Micron Stock? 3 Pros, 3 Cons

Micron Technology, Inc.(NASDAQ:MU) beat earnings expectations last month and closed at $61.07 on March 21, just off 52-week high of $63.42. Since then, Micron stock has retreated, and the stock now sits at $48.46 per share. Micron stock has more than doubled since December 2016.

• 
  Have Investors Priced In The Procter & Gamble Company’s (NYSE:PG) Growth?

  Simply Wall St.
• 
  Top Discounted Cyclical Stocks in April

  Simply Wall St.