Reuters - Daily Investor Update

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Tuesday, October 3, 2017

Hurricane recovery helps lift U.S. September new auto sales

DETROIT (Reuters) - Major automakers on Tuesday posted higher U.S. new vehicle sales in September as consumers in hurricane-hit parts of the country replaced flood-damaged cars, extending a rally in their shares that began when Hurricane Harvey hit southeast Texas in late August.

September U.S. car sales highest in 12 years

(Reuters) - Americans bought cars and light trucks at the fastest rate in a dozen years in September as many drivers scrambled to replace vehicles lost to hurricanes that struck Texas and Florida in the past six weeks.

Wall St. sets record highs with boosts from carmakers, airlines

(Reuters) - The S&P 500, the Dow, Nasdaq and the Russell 2000 indexes all posted record high closes for the second straight day on Tuesday, helped by gains in carmakers after strong September vehicle sales and a jump in airline shares.

Auto safety advocates criticize U.S. self-driving car legislation

WASHINGTON (Reuters) - A coalition of auto safety advocates criticized a bill before the U.S. Congress that would allow automakers eventually to sell up to 100,000 self-driving vehicles annually if they could demonstrate they are as safe as current vehicles.

Viacom, CBS owner Shari Redstone says media companies need scale

(Reuters) - Media content companies must get bigger to compete in the quickly changing media landscape, Shari Redstone, whose family controls Viacom Inc and CBS , told attendees of a luncheon on Tuesday at the Paley Center for Media in New York City.

Goldman CEO keeps open mind on digital currency bitcoin

(Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein said he is keeping an open mind on bitcoin after a media report that the investment bank was exploring a new trading operation dedicated to cryptocurrencies.

Shares extend spate of record highs, dollar eases

NEW YORK (Reuters) - World shares extended a run of record highs on Tuesday on signs of strong economic growth, while the dollar was slightly weaker against the euro as investors squared positions after a three-week rally and before several days of heavy U.S. data.

Two Wall Street giants criticize Trump tax plan

WASHINGTON (Reuters) - President Donald Trump's tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the U.S. corporate rate.

Buffett says success of Trump tax plan may affect stock investments

(Reuters) - Warren Buffett is closely monitoring whether U.S. President Donald Trump can lower corporate taxes, one of the rare times the billionaire has looked to Washington to help him decide which stocks to buy and sell.

EU to reform sales tax, prepares changes to rates

STRASBOURG (Reuters) - The European Commission will propose on Wednesday changes to the way sales taxes are levied in the European Union, in an effort to close tax loopholes and eliminate fraud, a draft document said.