Reuters - Daily Investor Update

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Thursday, January 4, 2018

Dow tops 25,000 as new year's rally rolls on

NEW YORK (Reuters) - The Dow industrials rose above the 25,000 level for the first time on Thursday and other major indexes hit new closing record highs again, propelled by strong global economic data that extended the new year's rally for the stock market.

Sears Holdings to close 103 Kmart and Sears stores

CHICAGO (Reuters) - Sears Holdings Corp said on Thursday it was shuttering 103 unprofitable Kmart and Sears stores as it continues to assess the viability of its operations.

Federal Reserve seeks to clarify big bank risk management expectations

WASHINGTON (Reuters) - The Federal Reserve proposed new guidance Thursday that would clarify the regulator's expectations for how senior managers at large banks handle risk at their respective institutions.

Tesla Model 3 delay raises cashflow risks, but analysts upbeat

(Reuters) - Tesla Inc shares recouped some of their losses on Thursday after falling as much as 3.6 percent, a day after it pushed back a production target for its much-anticipated Model 3 sedan yet again.

Oil at highest since 2015 on inventory drawdown, Iran unrest

NEW YORK (Reuters) - Oil rose on Thursday to its highest since May 2015, on concern about supply risks due to unrest in Iran and another decline in U.S. inventories as refining activity hit a 12-year high.

Brookfield Business Partners to buy Westinghouse for $4.6 billion

(Reuters) - A subsidiary of Canada's Brookfield Asset Management Inc plans to acquire Westinghouse Electric Co LLC, the bankrupt nuclear services company owned by Toshiba Corp , for $4.6 billion.

World stocks hit records, euro near three-year high

NEW YORK (Reuters) - Global shares shattered records and European stocks closed higher on Thursday, bolstered by upbeat data from the world's largest economies, while the euro hovered near a three-year high and the U.S. dollar fell against major currencies.

U.S. derivatives regulator to review bitcoin futures risks

WASHINGTON (Reuters) - The U.S. derivatives regulator will hold two meetings to discuss the procedure and operational controls for listing and trading digital currency futures, it said on Thursday, amid rising concerns over the risks bitcoin poses to the financial system.

Intel falls as investors worry about costs of fixing chip bug

(Reuters) - Intel Corp shares fell nearly 3 percent on Thursday as investors worried that newly disclosed bugs in the company's widely used computer microprocessors could be costly to mitigate.

Citibank fined $70 million for anti-money laundering compliance shortcomings

WASHINGTON (Reuters) - A U.S. bank regulator has fined Citibank $70 million for failing to address shortcomings in its anti-money laundering policies.