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U.S. markets news

US trade data points to first-quarter economic contraction
WASHINGTON (Reuters) - A surge in imports lifted the U.S. trade deficit in March to its highest level in nearly 6-1/2 years, suggesting the economy contracted in the first quarter.
Ouch! US Trade Deficit Means US GDP Probably Contracted In First Quarter  Forbes
The US trade gap hasn't been this big since 2008  Quartz
Financial Times  
Disney Profit Tops Estimates on Theme Parks, 'Frozen' Toys
Walt Disney Co. reported second-quarter profit that beat analysts' estimates, led by growth at its theme parks and continued sales of �Frozen� toys in a period that lacked a major movie blockbuster.
Disney profit tops views on theme park gains, 'Frozen' toys  Chicago Tribune
Disney Shares Rise On Earnings Beat And 'Unprecedented' Star Wars ...  Forbes
You don't need to be stellar to earn billions in this job
Before you shed a tear for the poor masters of the universe, consider this: The top 25 hedge fund managers made a combined $11.6 billion last year, according to an annual ranking by Institutional Investor's Alpha.
Hedge fund pay down as top 25 managers bank total of $11.6bn  Financial Times
Opinion: Hedge fund managers' pay slashed to $211538 an hour  MarketWatch
US stocks drift lower in midday trading; oil price jumps
NEW YORK (AP) - Stocks are moving lower in midday trading following two days of gains that brought the market close to a record high.
US stocks drift lower after 2-day run; oil price jumps  Miami Herald
Europe's Economic Growth Forecast Is Revised Up
PARIS - It may not be escape velocity yet, but the European economy is definitely picking up steam, an official forecast showed on Tuesday, as low oil prices, favorable foreign-exchange rates and central bank stimulus added momentum to a modest ...
Jitters over Greece keep pressure on European stocks  MarketWatch
What to look for in Tesla earnings
Tesla has disclosed first-quarter car deliveries, but there is plenty more the electric-car maker is keeping close to the vest. By.
Tesla Motors Inc Shares Rise After Jefferies Initiation [In-Depth]  ValueWalk
Tesla Motors Inc (TSLA) Stock Over Favorable Consumer Survey: Jefferies  Business Finance News
Service Industries in U.S. Unexpectedly Grow at Faster Pace
Service industries such as real-estate firms and restaurants unexpectedly grew at a faster pace in April as the biggest part of the U.S.
EconomyUS service sector expands in April  Financial Times
US service sector growth rebounds in April: ISM survey  Reuters
US Stocks Trade Lower
U.S. stocks fell on Tuesday, pulling back after the S&P 500 notched its biggest two-day advance in more than a month. The Dow Jones Industrial Average declined 79 points, or 0.4%, to 17991.
US STOCKS-Wall St set for lower open as trade data suggests GDP contraction  Reuters UK
US services sector growth cools in April: Markit
NEW YORK, (Reuters) - The pace of expansion in the U.S. services sector eased from a seven-month high in April on a dip in new business growth, but hiring in the sector accelerated to its highest since June, an industry report showed on Tuesday.
Economic Watch: US Service Sector Increases Momentum, Trade Deficit Up  Truckinginfo
British construction PMI drops to 22-month low  GlobalPost
Freddie Mac Will Pay U.S. $746 Million on First-Quarter Profit
Freddie Mac, the U.S.-owned mortgage financier, will send $746 million to the Treasury Department next month after reporting first-quarter net income of $524 million.
Freddie Mac to hand $746 million to US Treasury  Reuters
Freddie Mac posts $524M profit in 1Q  The Detroit News