Reuters - Daily Investor Update

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Monday, September 25, 2017

Wall St. declines on tech selloff, North Korea concern

NEW YORK (Reuters) - Wall Street dipped on Monday, as a selloff in technology shares weighed heavily on the Nasdaq, while the most recent statement from North Korea's to Washington added to a cautious tone.

Oil hits highest since July 2015; producers say market rebalancing

NEW YORK (Reuters) - Oil prices soared more than 3 percent on Monday, with Brent hitting its highest in more than two years, after major producers said the global market was on its way to rebalancing, while Turkey threatened to cut oil flows from Iraq's Kurdistan region toward its ports.

Tech stocks sell-off deepens fears of shift away from sector

SAN FRANCISCO (Reuters) - Technology stocks including Facebook , Microsoft and Alphabet dropped sharply on Monday, increasing worries that the top-performing sector is falling out of favor as investors look elsewhere for cheaper opportunities.

SEC chairman belatedly learned of 2016 agency hack: testimony

WASHINGTON (Reuters) - The chairman of the U.S. Securities and Exchange Commission belatedly found out in August, about three months after being confirmed, that hackers breached the regulator's database of corporate announcements in 2016, according to prepared congressional testimony seen by Reuters on Monday.

Uber rival Lyft met London transport officials, documents show

FRANKFURT/LONDON (Reuters) - Lyft, Uber’s closest U.S. rival in the taxi-hailing business, met repeatedly with officials from London's transport regulator over the past year, a sign it may be targeting the city for international expansion.

Qatar to accept 4 Airbus A350s it previously cancelled: sources

LONDON (Reuters) - Qatar Airways plans to take delivery of four Airbus A350 airliners that it previously cancelled over aerospace supplier problems, industry sources told Reuters.

Apologizing to London, Uber CEO offers change to keep license

LONDON (Reuters) - Uber's [UBER.UL] new boss Dara Khosrowshahi apologized to Londoners for the taxi app's mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets.

Fed policymakers clash on outlook for inflation

SYRACUSE, N.Y./GRAND RAPIDS, Mich. (Reuters) - A debate within the Federal Reserve over the outlook for U.S. inflation burst into public view just days after a rate-setting meeting in Washington, with one central banker saying inflation weakness is fading and another suggesting he's nervous it won't.

Global stocks fall after North Korea says U.S. declared war; euro slips

NEW YORK (Reuters) - Stocks on Wall Street added to earlier losses while U.S. government bond yields dropped after North Korea accused the United States of having declared war on the isolated country, while the euro fell after German elections showed support for Chancellor Angela Merkel's party fell to its lowest since 1949.

Apple shares flirt with correction territory

SAN FRANCISCO (Reuters) - Shares of Apple Inc dipped on Monday and flirted with correction territory following a report that the company had told suppliers to scale back shipments of parts for its upcoming iPhone X.