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In an announcement that caught many by surprise, on Monday morning, AT&T said it would acquire Straight Path Communications, a holder of licenses to wireless spectrum, for $1.25 billion in an all-stock deal. The No.2 U.S. carrier said it would offer $95.63 per share, a whopping premium of 162.1% to Straight Path's Friday close just above $36. This morning, Straight Path's shares traded as high as $93.26 premarket, up over 150%. .

Authored by Lance Roberts via RealInvestmentAdvice.com,

Last week, I discussed the primary issue that has led to the “Unavoidable Pension Crisis” in America. To wit:

Roughly at the same time as today's French election narrative shifted again as traders started paying attention to the suddenly surging in the polls far-left candidate Jean-Luc Melenchon, which pushed the Euro to the lowest level in a month, Goldman has come out with a recommendation to short June OAT futures (OATM7) at 147-72, for an initial target of 144.00, and stops on a close above 150.00,

In this holiday-shortened week (markets closed for Good Friday), focus turns to several inflation prints in G10 in the week ahead, with US and UK inflation data likely to get the most attention. In addition, there are a few scheduled speaking engagements by Fed officials, including a speech by Fed Chair Yellen on Monday.

It's been a bad start to the week for bank CEOs and ex-CEOs.

Hours after Barclays chief executive Jes Staley was slammed with a regulatory probe and learned he would see substantial cuts to his compensation after he tried to "unmask" a whistleblower, the board of Wells Fargo said it has clawed back an additional $72 million of pay from the two former execs it holds responsible for last year's biggest banking scandal, namely the bank's unprecedented cross-selling practices which went on for years, and which, too, resulted in numerous whistleblowers being silenced.