Reuters - Daily Investor Update

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Thursday, February 1, 2018

Wall St. forfeits early gains as bond yields rise

(Reuters) - Wall Street gave up earlier gains on Thursday as bond yields rose and technology stocks retreated ahead of a host of high-profile earnings.

Racial bias persists at Morgan Stanley, new lawsuit claims

NEW YORK (Reuters) - Morgan Stanley has reneged on promises to stop discriminating against black employees, according to a lawsuit by a former broker who said he was fired after complaining about racial bias, including in pay and career opportunities. In a complaint filed on Thursday in Manhattan federal court, John Lockette said he was given negative performance reviews, denied raises and bonuses, deemed too "verbose," and subjected by one supervisor to the nickname "Johnny" because he was b

Trucks, SUVs shine in mixed U.S. January sales, cars less so

DETROIT (Reuters) - Automakers posted mixed U.S. new vehicle sales data for January, with American consumers showing little sign they will stop abandoning passenger cars for the larger pickup trucks, SUVs and crossover models that manufacturers also love because they are far more profitable.

Alphabet cracks $100 billion in annual revenue as advertising soars

(Reuters) - Google parent Alphabet Inc surged past $100 billion in yearly revenue powered by soaring sales of pricey online ads, but reported a fourth-quarter loss due to a $9.9 billion one-time tax-related charge.

Amazon revenue surges 38.2 percent on holiday season boost

(Reuters) - Amazon.com Inc reported a 38.2 percent jump in fourth-quarter revenue on Thursday, driven by a surge in online shopping during the holiday season and strong demand for its cloud services.

Toy maker Mattel's holiday sales miss Wall Street forecasts

(Reuters) - Mattel Inc's sales fell short of Wall Street forecasts in the crucial holiday quarter, as the toy maker faced weak demand for key brands including Fisher-Price and as the effect of the collapse of Toys "R" Us lingered.

Airbnb says no IPO in 2018, names first COO

SAN FRANCISCO (Reuters) - Short-term home rental service Airbnb Inc will not go public this year, the company said on Thursday, and it appointed its first chief operating officer as it pursues global growth and tighter management of its finances as a more mature company.

Bond yields jump as stocks ease on investor jitters

NEW YORK (Reuters) - Bond yields shot up and global equity markets were jumpy on Thursday as investor jitters over the likelihood of rising inflation and high stock valuations dampened the appetite for risk assets after a euphoric January in markets.

Exxon Mobil names MetLife CEO Kandarian to its board

HOUSTON (Reuters) - Exxon Mobil Corp , the world's largest publicly-traded oil producer, named MetLife Inc Chief Executive Steven Kandarian to its board of directors on Thursday.

UPS shares slide on 2018 outlook, spending plans

(Reuters) - United Parcel Service Inc shares slid 7.0 percent on Thursday after it gave a 2018 earnings forecast that fell short of analyst estimates and said it would spend at least $6.5 billion this year improving its delivery network.