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U.S. markets news

Trump says he would likely replace Yellen once her term ends
WASHINGTON - Donald Trump said Thursday he has nothing against Janet Yellen but would likely replace her as Fed chair once her term is up.
Trump: "Let's be honest, I'm a low-interest-rate person" ...  ForexLive
Donald Trump Says He Would Replace Janet Yellen, Supports Low Interest Rates  Wall Street Journal
Washington Times  
Herbalife Soars After Saying It's Close to FTC Resolution
Herbalife Ltd. soared as much as 15 percent in late trading after saying it's in late-stage talks to resolve a Federal Trade Commission probe into whether the nutrition company is a pyramid scheme.
Herbalife Nears Resolution of FTC Investigation  Wall Street Journal
Here's What Herbalife Had To Say About Its Talks With The FTC Amid ...  Forbes
Discovery First-Quarter Earnings Rise, U.S. Ad Revenue Grows 7 Percent
Discovery Communications, the company behind such cable networks as Discovery Channel, TLC and OWN, on Thursday reported better-than-expected first-quarter earnings that were helped by stronger U.S.
Discovery Communications Raises Guidance as Earnings Top Views  Wall Street Journal
Discovery Communications (DISCA) Tops Q1 Earnings Beat in Q1, Sales Lag
Mortgage rates retreat following weak economic data
After wandering higher for the past two weeks, mortgage rates reversed course, pulling back to near yearly lows. The retreat began last week after the Federal Reserve met and expressed concerns about the economy.
Today's Housing Data Forecast: Mostly Cloudy  National Mortgage Professional Magazine
Average US Rate on 30-Year Mortgages Falls to 3.61 Percent  New York Times
Five-cent bag surcharge bill passes vote in City Council
New Yorkers will have to fork over five cents for a plastic or paper bag at the store after the City Council voted Thursday to impose the fee.
NYC lawmakers impose 5-cent charge for plastic bags  Washington Post
New York City gives nod to 5-cent charge for store bags  Reuters
Stocks give up an early gain on Wall Street and head lower
FILE - This Monday, Aug. 24, 2015, file photo shows the New York Stock Exchange. Global stocks recovered their poise Thursday, May 5, 2016, following an unconvincing start to the month, as investors became cautious ahead of U.S.
Investors blink as rally hits speed bump  USA TODAY
While you were sleeping: Wall St eyes US jobs (press release)
Tesla Bold Production Plan Brings out Skeptics, Shares Fall
CEO Elon Musk's surprised investors Wednesday with a promise to make 500,000 cars per year by 2018, two years ahead of plan - a brash projection given that Tesla has missed smaller production targets in the past.
Tesla Motors Inc (TSLA) Model 3 Setbacks Begin Cropping Up, As Expected  LearnBonds
STOCKS GO NOWHERE: Here's what you need to know  Business Insider
Does Ford's Software Investment Portend Further Shift Of Work To Silicon Valley?
Two new transactions between automakers and digital-tech specialists illustrate one of the biggest questions facing the domestic auto industry, and the industrial Midwest, as the era of “mobility” begins to supersede the era of just making vehicles.
Ford and Microsoft lead $253 million investment in EMC-owned Pivotal  Re/code
Ford To Invest $182M In San Francisco Software Company  CBS Local
Yelp Raises Annual Revenue Guidance
Yelp Inc. YELP -1.02 % on Thursday raised its revenue projection for the year following better-than-expected results in the first quarter, even as higher spending drove a fifth consecutive quarterly loss for the online-review purveyor.
GoPro sales, shares drop  USA TODAY
Yelp Inc Surges After Earnings, Square Slumps  ValueWalk
TVA to sell unfinished Alabama nuclear plant that cost $4 billion
The Tennessee Valley Authority's Bellefonte Nuclear Plant site on the Tennessee River in northeast Alabama remains unfinished.
TVA sinks floating homes  Clarksville Leaf Chronicle
TVA votes to sell unfinished Bellefonte plant  Knoxville News Sentinel