Reuters - Daily Investor Update

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Monday, February 5, 2018

Wall St. plunges as stocks selloff continues

NEW YORK (Reuters) - U.S. stocks plunged in highly volatile trading on Monday, with the Dow industrials falling nearly 1,600 points at its lows - the biggest intraday point drop in history - as a long-awaited pullback from record highs deepened.

Instant View: U.S. stock market crumbles, Dow erases 2018 gains

(Reuters) - U.S. stocks plunged in highly volatile trading on Monday, with the Dow industrials falling nearly 1,600 points at its lows - the biggest intraday point drop in history - as a long-awaited pullback from record highs deepened.

At car secrets trial, Uber decries 'conspiracy theory', Waymo says Uber cheats

SAN FRANCISCO (Reuters) - Uber [UBER.UL] was either a cheating competitor willing to break the law to win the race to develop self-driving cars, or the victim of an unproven conspiracy theory stitched together by its main rival, Waymo, jurors heard in opening statements of a trade secrets trial on Monday.

Bitcoin extends slide, falls below $7,000

NEW YORK (Reuters) - Digital currency bitcoin <BTC=BTSP> fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin by British and U.S. banks.

Fed puts brakes on Wells Fargo when bank needs to step on gas

BOSTON (Reuters) - The Federal Reserve's surprise ban on Wells Fargo & Co growing its balance sheet comes at a difficult juncture for the United States' third-largest lender.

Lawmakers, advocates urge Trump administration to resume Equifax probe

WASHINGTON (Reuters) - Consumer advocates on Monday urged the Trump administration to resume an investigation into how Equifax failed to protect the personal data of millions of consumers after Reuters reported the head of the U.S. consumer watchdog has pulled back on the existing probe.

A decade after recession, a jump in U.S. states with wage gains

OAKLAND, Calif./CANTON, N.Y./WASHINGTON (Reuters) - The kind of pay raises for which American workers have waited years are now here for a broadening swath of the country, according to a Reuters analysis of state-by-state data that suggests falling unemployment has finally begun boosting wages.

Exclusive: U.S. consumer protection official puts Equifax probe on ice - sources

WASHINGTON (Reuters) - Mick Mulvaney, head of the Consumer Financial Protection Bureau, has pulled back from a full-scale probe of how Equifax Inc failed to protect the personal data of millions of consumers, according to people familiar with the matter.

Instant View: U.S. stock slide drags S&P down 5 percent from January record

(Reuters) - U.S. stock indexes renewed their slide on Monday after suffering their worst week in two years last week amid fears of rising U.S. wages that lifted Treasury bond yields to the highest levels in four years on Monday.

Buffett's BNSF railroad eyes blockchain for shipping freight

NEW YORK (Reuters) - Warren Buffett's railroad is taking a ride on the blockchain.