Here are 10 things you should know for Monday, April 18:
1. -- U.S. stock futures were pointing lower Monday and European stocks fell as oil prices tumbled following a weekend meeting of major oil producers that failed to come up with an agreement on a production freeze.
Oil prices in the U.S. slid 2.7% to $39.27 a barrel in early trading Monday.
European stocks followed most Asian markets lower on Monday after oil prices plunged.
2. -- The economic calendar in the U.S. on Monday includes the NAHB Housing Market Index for April at 10 a.m. EDT.
3. -- U.S. stocks on Friday ended lower ahead of the weekend meeting of the major oil producers.
The S&P 500 dropped 0.1%, and the Dow Jones Industrial Average and the Nasdaq each slid 0.16%.
4. -- Some of the world's largest oil producing countries ended talks late Sunday without an agreement on whether to cap production, amid tensions between Iran and Saudi Arabia.
The members of the Organization of the Petroleum Exporting Countries, which produce about half the world's oil, ended their meeting at the Sheraton Hotel in Doha, Qatar, around 9 p.m. local time, more than 10 hours after the expected end time. Also attending the meeting were oil-producing countries like Russia and Azerbaijan, which are not members of OPEC.
The countries disagreed even before the meeting began, with Saudi Arabia and Russia said to have agreed to cap production at current rates, Iran refusing to alter production until a pre-sanctions level is restored, and Saudi Arabia ruling out a production cut unless Iran agrees to one, too.
Ahead of a Monday deadline for preliminary bids, telecom giant Verizon was among a handful of firms moving ahead with offers to buy Yahoo! or parts of it, compared with the roughly 40 firms that had initially expressed interest, people familiar with the process told the Journal.
One interested suitor that won't be participating is Time Inc. (TIME) , which concluded the degree of difficulty in righting Yahoo!'s fortunes is too great, according to a person familiar with the situation.
Others that have opted not to make a bid include Google parent Alphabet(GOOGL) - Get Report , Comcast(CMCSA) - Get Report , AT&T(T) - Get Report and IAC/InterActiveCorp (IACI) , according to people familiar with the matter, the Journal reported.
6. -- Chevron(CVX) - Get Report has put all of its Myanmar gas block stakes up for sale, which at a combined likely valuation of $1.3 billion would be the biggest deal involving Myanmar assets to date, financial sources familiar with the matter told Reuters.
Chevron is working with an U.S investment bank on the deal, the sources said.
The sale, part of Chevron's efforts to preserve cash and retreat from non-core assets in the wake of sliding oil prices, is seen as setting the tone for future deals in a country that is opening up for business after historic elections last year, Reuters noted.
A monthly subscription will cost $8.99, a dollar less than the most popular plan from Netflix, the Journal reported.
Amazon had been offering its video service as a perk for subscribers of its $99 annual Prime shipping service. Prime membership also will be offered monthly for the first time to all U.S. customers for $10.99, the Journal noted.
8. -- The European Union antitrust chief, Margrethe Vestager, who already has charged Google with favoring its own shopping service in Internet searches, said Monday she was now examining its deals with phone makers and operators, Reuters reported.
The comments by Vestager follow a year-long investigation into Android, the world's most popular operating system for smartphones, triggered by two complaints.
A decision on the shopping service could come this year. Like the Android case, it could lead to a fine of up to $7.4 billion or 10% of Google's 2015 revenue, and force it to change its business practices, according to Reuters.