MARKETWATCH FRONT PAGE
Our call of the day, from Mohamed El-Erian, chief economic adviser for Pimco parent Allianz, says the Fed lacks a sense of what’s going on with markets and that could spell trouble for investors. See full story.
Dump these 5 tech stocks in 5 high-profile sectors
The technology sector is sizzling, but these five stocks are duds. See full story.
Apple deal doesn’t solve Qualcomm’s problems
Two weeks ago, investors cheered when Qualcomm Inc. and Apple Inc. settled their mega-patent and royalty feud just as a trial was starting. Those investors were reminded Wednesday that the nice, big settlement isn’t going to change the chip company’s underlying issues with its core business. See full story.
Jobless claims stick to 3-month high of 230,000 after Easter holiday, spring break
The number of people who applied for jobless benefits at the end of April stood at a three-month high of 230,000 for the second week in a row, but the recent increase in new claims is likely inflated by the recent Easter holiday and spring break. See full story.
Tesla to raise money through new stock and convertible debt offerings
Tesla Inc. on Thursday filed for a capital raise, disclosing its intent to sell both common stock and convertible notes. Shares were up 5.6% in premarket trading. See full story.
MARKETWATCH PERSONAL FINANCE
A ProPublica investigation says TurboTax steered customers to its paid product, even if they were eligible for services at no charge. See full story.
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