IN THE NEWS
BENZINGA
Startups have an unprecedented opportunity to place their products in front of investors and be mentored by leading fintech figures at the Benzinga Global Fintech Awards: Link
After a headline-filled tenure, Bill Ackman's investment in Valeant Pharmaceuticals Intl Inc (NYSE: VRX) is over: Link
Getting into the business of medical marijuana: An interview with India Globalization Capital, Inc. (NYSE: IGC) CEO Ram Mukunda: Link
THE WALL STREET JOURNAL
The Federal Reserve is almost certain to say Wednesday it is raising its benchmark short-term interest rate to a range between 0.75% and 1% and that it expects to lift it further in coming months: Link
President Donald Trump reported about $153 million in income in 2005 and paid $38 million in federal taxes, according to a leaked tax return that was published on Tuesday: Link
REUTERS
President Trump on Thursday will offer the first details of his plans for deep cuts in domestic programs and foreign aid, releasing a budget outline that would boost military spending by $54 billion and seek cuts of the same size in non-defense programs: Link
McDonald's Corp (NYSE: MCD) has begun testing its long-awaited U.S. mobile ordering app, with the goal of avoiding the kinds of service hiccups that have haunted digital debuts by companies such as Starbucks Corp (NASDAQ: SBUX): Link
BLOOMBERG
The longer the seemingly unstoppable reflation rally continues, the more warning signs start to flash for Goldman Sachs Group Inc. — especially in stocks: Link
Since the end of 2008, when Domino’s Pizza, Inc. (NYSE: DPZ) was threatened by declining sales and distressed franchisees, its share price has increased 60-fold. The company is now worth $9 billion: Link
NY POST
A mega-luxury deal that would merge Neiman Marcus with the company that owns Saks Fifth Avenue is in the works, sources told The Post. Link
ECONOMIC DATA
-
US MBA mortgage applications 3.1% vs 3.3%
-
Retail Sales (MoM) for Feb 0.10% vs 0.10% Est; Prior 0.40%. Retail Sales Ex Auto (MoM) for Feb 0.20% vs 0.20% Est; Prior 0.80%
-
Core CPI (MoM) for Feb 0.20% vs 0.20% Est; Prior 0.30%
-
NY Empire State Manufacturing Index for Mar 16.40 vs 15.00 Est; Prior 18.70
-
Data on business inventories for January will be released at 10:00 a.m. ET.
-
The housing market index for March is schedule for release at 10:00 a.m. ET.
-
The Energy Information Administration’s weekly report on petroleum inventories is schedule for release at 10:30 a.m. ET.
-
The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET..
-
The Fed Chair Janet Yellen will hold a press conference at 2:30 p.m. ET.
-
The Treasury International Capital data for January is schedule for release at 4:00 p.m. ET.