Reuters - Daily Investor Update

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Friday, December 22, 2017

U.S. stocks close lower, volume weak before holiday

(Reuters) - Wall Street's major indexes dipped on Friday in low trading volume before the holiday weekend as several blue-chip stocks slipped, including Nike.

Fiat Chrysler to recall 1.8 million trucks to fix shifter issue

(Reuters) - Fiat Chrysler Automobiles NV's U.S. unit said on Friday it would recall about 1.8 million trucks in the United States, Canada, Mexico and some other markets to fix a part if not operating could allow the driver to shift out of park without depressing the brake pedal.

CSX names Foote as CEO, following death of Harrison

(Reuters) - CSX Corp , the third-largest U.S. railroad, on Friday named Jim Foote as chief executive officer, succeeding Hunter Harrison, who died last week only months into the railroad's ambitious turnaround plan.

In Silicon Valley, much-feared tax bill pays dividends for workers

(This version of December 21's story refiles to add dropped words 'for couples' in paragraph 8.)

Nike weighs on Wall St; Catalan vote hits euro, Spanish stocks

NEW YORK (Reuters) - Major global stock indexes slipped slightly on Friday as a drop in shares of Nike and UnitedHealth helped offset any gains, while Spanish bond yields rose and European stocks briefly stumbled after separatists prevailed in a Catalan election.

Cryptocurrency stocks holding gains despite bitcoin pullback

NEW YORK (Reuters) - Stocks that surged in recent weeks because of the cryptocurrency mania have managed to hold onto most of their gains despite the recent retreat in the price of bitcoin and skepticism from market participants.

LVMH's Celine creator Phoebe Philo to leave company: source

PARIS (Reuters) - Phoebe Philo, artistic director of LVMH's Celine label will leave the high-end ready-to-wear brand in January, the company said on Friday.

Brazil's Temer would block Embraer buyout, open to capital injection

BRASILIA (Reuters) - Brazilian President Michel Temer said on Friday that he opposed Boeing Co taking control of Embraer SA , although he would welcome an injection of foreign capital into the regional planemaker.

Daimler says U.S. tax reform will lift 2017 net income

FRANKFURT (Reuters) - German carmaker Daimler said on Friday the U.S. tax reform would result in an income tax benefit of around 1.7 billion euros ($2.01 billion) in its 2017 results.

Strong U.S. consumer, business spending bolster growth picture

WASHINGTON (Reuters) - U.S. consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month, data showed on Friday, the latest signs of strong momentum in the economy as the year winds down.