Reuters - Daily Investor Update

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Thursday, October 12, 2017

FCC head silent on Trump comment about pulling broadcast licenses

WASHINGTON (Reuters) - A suggestion by President Donald Trump that a U.S. regulator pull broadcast licenses from TV networks over what Trump calls "fake news" has been met by silence from the watchdog's head Ajit Pai, who has a history of defending free speech rights.

Inflation weighs on yields, dollar; stocks lackluster

NEW YORK (Reuters) - U.S. Treasury yields dipped and the dollar rose slightly on Thursday as investors awaited U.S. inflation data while Wall Street stock indexes fell as earnings season kicked off with a whimper.

Exclusive: Alphabet's Waymo demanded $1 billion in settlement talks with Uber - sources

SAN FRANCISCO(Reuters) - Alphabet Inc's Waymo sought at least $1 billion in damages and a public apology from Uber Technologies Inc as conditions for settling its high-profile trade secret lawsuit against the ride-services company, sources familiar with the proposal told Reuters.

Wall St. falls as banks weigh; AT&T slumps

NEW YORK (Reuters) - U.S. stocks edged lower on Thursday as bank shares fell following quarterly results from JPMorgan and Citigroup, while AT&T tumbled 6 percent after it said it lost subscribers in the last quarter.

Ohio extends ban on Wells Fargo business by six months

WASHINGTON (Reuters) - Ohio will extend its ban on doing business with Wells Fargo & Co because the bank has not done enough to help consumers and clean up its culture, the state's governor said on Thursday.

Bombardier says AirBaltic resumes CSeries CS300 flights

TORONTO (Reuters) - Bombardier Inc said on Thursday AirBaltic had resumed flights of CSeries CS300 jets after a temporary halt to inspect engine accessory.

Consumer credit casts cloud over JPMorgan and Citi

NEW YORK (Reuters) - JPMorgan Chase & Co and Citigroup Inc on Thursday said they had set aside more money for credit card lending losses in the third quarter, stoking concerns about consumer indebtedness and overshadowing profits that topped analyst estimates.

Fed 'should defend' inflation target or risk losing credibility: Bullard

WASHINGTON (Reuters) - The Fed needs to mount a clear defense of its 2 percent inflation target and stop raising rates until the pace of price increases strengthens, St. Louis Fed President James Bullard said on Thursday.

Fed's Bullard warns bank regulators are 'complacent' over fintech risks

WASHINGTON (Reuters) - U.S. banking regulators must accelerate efforts to address the risks posed by fintech companies to the banking sector which could be "eviscerated" by these innovative new players, St. Louis Fed President James Bullard said on Thursday.

Richard Branson takes another bet on the future with Hyperloop One

(Reuters) - British billionaire Richard Branson on Thursday placed another bet on the future with an investment in Hyperloop One, which is developing super high-speed transportation systems.