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U.S. markets news

Dow turns negative for the year as Yellen warns of valuation risks
U.S. stocks sold off on Wednesday, building on steep losses from the previous session as Federal Reserve Chairwoman Janet Yellen spooked investors by warning of potential pitfalls for investors, referring to stock values as �quite high.
Valuation Warning Leaves S&P 500 Unmoved as Worst Losses Erased  Bloomberg
Yellen Warning About Overvalued Stocks Spooks Wall Street  TheStreet.com
USA TODAY  
Tesla beats Q1 estimates, predicts boost in deliveries
Tesla beat analyst's first-quarter earnings expectations as it continued to ramp up sales of its electric sedans and prepared the for the launch of its new electric crossover.
When will Tesla's home battery make financial sense?  The Verge
Tesla posts wider first quarter net loss, reaffirms full-year delivery target  Reuters
Zynga to cut 18% of workforce
Zynga announced it will cut 18% of its workforce across its social games studios to create a more "simplified" company, said CEO Mark Pincus Wednesday.
CompaniesZynga announces job cuts to reduce costs  Financial Times
Struggling Zynga slashing 18 percent of jobs to narrow losses  SFGate
Private Employers Add Fewest Jobs in a Year, and Nonfarm Productivity Falls
Private employers in the United States added in April the smallest monthly number of workers in more than a year. And, in another report, the Labor Department found that nonfarm productivity fell in the first quarter as harsh winter weather depressed output.
Jobs and Productivity Numbers Disappoint  CFO Magazine
Survey shows U.S. private sector hiring slows sharply in April  GlobalPost
Is This Microsoft Corporation's Next $20 Billion Business?
Microsoft (NASDAQ: MSFT ) CEO Satya Nadella recently claimed that his company could generate $20 billion in annual cloud revenues by the end of fiscal 2018.
Would Microsoft really want to own Salesforce?  Reuters Blogs (blog)
Market Update (NYSE:ORCL): Long-time Microsoft analyst: Oracle much more ...  Jutia Group
Wall St. ends lower on global bond rout, Yellen warning
(Reuters) - U.S. stocks ended weaker on Wednesday after U.S. Federal Reserve Chair Janet Yellen warned of high valuations, adding to anxiety about future interest rates and a global bond rout.
Stocks End Lower On Yellen Comment; Biotechs Bounce Back  Investor's Business Daily
US STOCKS-Wall St ends lower on global bond rout, Yellen warning  Reuters UK
UPDATE 1-Whole Foods same-store sales growth cools, shares plunge
(Adds details on results, new store concept). By Lisa Baertlein. LOS ANGELES May 6 (Reuters) - Whole Foods Market Inc on Wednesday said same-store sales growth cooled in the latest quarter, even as it cut prices further and rolled out its first national ...
Whole Foods Market Delivers Record Q2 Sales and EPS  CNNMoney
Whole Foods to Introduce New Line of Stores Aimed at Millennials  Bloomberg
Keurig Earnings Fall on Low Demand for New K-Cups
Keurig Green Mountain Inc. GMCR -1.75 % on Wednesday cut its guidance for the year as earnings fell 4% on low demand for its new brewing system.
Keurig Plummets After Maker of Brewing System Reduces Forecast  Bloomberg
Keurig Green Mountain (GMCR) Stock Plummeting After Earnings Miss  TheStreet.com
California officially adopted those historic water restrictions
The mandatory water restrictions announced last month by California Gov. Jerry Brown amid a crushing, seemingly-endless drought are now on the books.
Brown lawns loom this summer in California  U-T San Diego
Mandatory water cuts approved for California  yourcentralvalley.com
Fox's profit falls but beats estimates
21st Century Fox Inc.'s earnings fell 7.4% in the third quarter following the sale of some satellite businesses, but still topped expectations on growth from its cable-network business.
21st Century Fox (FOXA) Q3 Earnings: 'Empire' Helps, But Profits ...  International Business Times
21st Century Fox Reports Lower Net  Broadcasting & Cable