Reuters - Daily Investor Update

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Tuesday, February 6, 2018

Chipotle restaurant sales rise slightly after price increases

(Reuters) - Chipotle Mexican Grill Inc on Tuesday reported a slightly better-than-expected rise in sales at established restaurants, boosted by menu price increases, as it works to regain customer trust after food safety lapses in 2015.

Snap's user growth, revenue beat analyst expectations

(Reuters) - Snap Inc said on Tuesday it added more users than expected to its Snapchat messaging app as it fights to fend off competition from Facebook Inc's Instagram.

Treasury's Mnuchin says he wants answers on Equifax breach

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Tuesday said he wants to know how the Consumer Financial Protection Bureau is handling a probe into a hack of credit bureau Equifax Inc after a report that the agency's chief has pulled back from investigating the matter.

Wall Street roars back in whipsaw session

NEW YORK (Reuters) - U.S. stocks posted sharp gains in another wild trading session on Tuesday, as indexes rebounded from the biggest one-day drops for the S&P 500 and the Dow in more than six years that stalled the market's record run.

Disney profit surges 78 percent on gain from new U.S. tax law

(Reuters) - Walt Disney Co , which is buying some of Fox's film and TV units, reported a 78.4 percent surge in quarterly profit on Tuesday as the media conglomerate recorded a $1.6 billion gain due to recent changes to the U.S. tax law.

Oil dips as dollar rises to highest in a week

HOUSTON (Reuters) - Oil fell for a third day on Tuesday as the U.S. dollar rose to its highest in more than a week in the wake of a sharp sell-off on Wall Street and other stock markets, a global rout that wiped out $4 trillion in value.

A soft-spoken Kalanick, ex-Uber CEO, testifies in U.S. car secrets trial

SAN FRANCISCO (Reuters) - Former Uber Chief Executive Officer Travis Kalanick testified at a high-stakes trial on Tuesday and publicly addressed for the first time allegations by Alphabet Inc's Waymo that Uber stole its self-driving car technology.

Instant View: U.S. stocks recover from slump, hit session highs

NEW YORK (Reuters) - Major Wall Street stock indexes recovered on Tuesday afternoon and hit session highs in late trading, bouncing back after an initial 2.0-percent drop.

U.S. regulators may ask Congress for virtual currency legislation

WASHINGTON (Reuters) - U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange Commission said on Tuesday.

Wall St. shifts higher late, indexes climb more than 1 pct

NEW YORK (Reuters) - U.S. stocks reversed course again to trade more than 1 percent higher by late afternoon Tuesday, a day after the Dow and S&P 500 indexes saw their biggest one-day declines in more than six years, while a world stock index remained lower.