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U.S. markets news

Oil Rises Second Day Amid Canadian Wildfires, U.S. Output Drop
Oil rose for a second day as wildfires in Canada cut oil-sands production and data showed that U.S. output declined the most in eight months.
Fort McMurray Wildfire: Thousands Evacuated as Blaze Spreads South
Raging fire forces airlift of 25000 evacuees in Canada  USA TODAY
Wall Street Journal  
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
Donald Trump Is Coherent on Monetary Policy, but Not on Debt
Janet Yellen with the former Fed chairs Ben Bernanke, center, and Paul Volcker. Donald Trump said he would most likely replace her as Fed chairwoman if he became president.
Donald Trump Says He Would Replace Janet Yellen, Supports Low Interest Rates  Wall Street Journal
Donald Trump: I'd most likely replace Janet Yellen as Fed chair if elected  Washington Times
Square Loss Widens as Operating Expenses Surge
Payments provider Square Inc. SQ -2.54 % posted a wider-than-expected loss for its first quarter, as its operating expenses surged 72%.
Square Sales Beat Estimates on Expanding Services for Business  Bloomberg
Square reports $379 million in revenue for Q1 as gross payment volume spikes 45%  VentureBeat
Wal-Mart Brings Back Greeters at the Store Door
The nation's largest retailer said in a blog post this week that it's bringing back door greeters to a majority of its 5,000 stores by mid-summer to improve customer service.
Wal-Mart welcoming greeters back to the front of the store  Chicago Tribune
Wal-Mart Stores, Inc.: How WMT Greeters Put Turnaround Plan on Steroids
Why GoPro Is Misunderstood
GoPro (NASDAQ:GPRO) has come a long way since their inception in 2002, and while it has taken them over a decade to remember what the company is, I feel a massive turnaround is in order.
GoPro Swings to Deep Loss  Wall Street Journal
GoPro delays its highly anticipated drone until winter  The Verge
Merck shops for hefty M&A amid 'uninspiring' Q1 for new meds
One analyst called Merck & Co.'s new product sales for the first quarter “uninspiring.” The same could be said of the entire Q1 report, with every gain for one product counterbalanced by losses for another.
Merck beats 1Q profit views with tight cost controls  The Intelligencer
Merck Quarterly Sales Slip Again as Some Older Drugs Disappoint  Bloomberg
Tesla Motors Inc (TSLA) Model 3 Setbacks Begin Cropping Up, As Expected
Tesla Motors Inc (NASDAQ:TSLA) recently admitted that its Model 3 EV will probably not meet production deadline set for it. The suggestion was made by CEO Elon Musk earlier this week.
STOCKS GO NOWHERE: Here's what you need to know  Business Insider
Tesla Motors Inc: “A Cash-Hungry Start-Up Unicorn,” Says Barclays  ValueWalk
Activision Blizzard beats Wall Street Q1 earnings expectations
Activision Blizzard reported earnings today that beat the expectations of Wall Street analysts during its first fiscal quarter ended March 31.
Activision Blizzard Gets Hoped-For Boost From King Digital  Wall Street Journal
Destiny Has "Nearly" 30 Million Registered Players, Up 5 Million ...  GameSpot
Ford's Software Investment May 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 Invests in Pivotal to Soup Up Its Software  Wall Street Journal
Ford invests $182.2 million in software company Pivotal  Reuters