Reuters - Daily Investor Update

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Friday, December 1, 2017

Whipsawed by Washington, Wall Street ends modestly lower

(Reuters) - Wall Street fell on Friday, whipsawed by developments with a probe into Russia's alleged involvement in the U.S. election as well as with progress on a tax bill in Congress.

Macy's hires more workers after Black Friday rush

(Reuters) - Macy's Inc said on Friday it had a strong start to the holiday shopping season and would hire an additional 7,000 temporary workers for its stores to deal with heavy customer numbers in the run up to Christmas.

Bitcoin rebounds to $10,500 after U.S. regulator approves futures

LONDON (Reuters) - Bitcoin rebounded on Friday to hit the day's highs above $10,500, recovering from an earlier dip below $9,500, after the U.S. derivatives regulator said it would allow CME Group and CBOE Global Markets to list bitcoin futures.

Oil settles up but off highs as Flynn news spooks Wall Street

NEW YORK (Reuters) - Oil prices settled up slightly on Friday, but came off session highs as financial markets reeled from an ABC News report that added to concerns about President Donald Trump's exposure to a probe into Russian meddling in last year's campaign.

'VIX elephant' catches a lucky break as volatility spikes

NEW YORK (Reuters) - An unnamed trader dubbed the "VIX elephant," who for months has been prepared for a stock market slump, capitalized on a short-lived spike in volatility on Friday to adjust a massive options hedge.

Three Uber security managers resign after CEO criticizes practices

SAN FRANCISCO/WASHINGTON (Reuters) - Three senior managers in Uber Technologies Inc's security unit resigned on Friday, an Uber spokesperson said, days after the company's new chief executive officer disclosed a massive data breach and criticized past practices.

Icahn steps up attack on SandRidge, seeks executive pay records

HOUSTON (Reuters) - Activist investor Carl Icahn has stepped up his attack on SandRidge Energy Inc's proposal to buy a rival oil-and-gas producer, taking aim at the company's top executives and calling for a release of records on the deal and executive pay, according to a regulatory filing on Friday.

Capital One must face overdraft fee lawsuit: U.S. appeals court

NEW YORK (Reuters) - A federal appeals court on Friday revived a proposed class-action lawsuit accusing Capital One Financial Corp of imposing illegal overdraft fees on customers.

U.S. tax bill, Russian probe whipsaw financial markets

NEW YORK (Reuters) - U.S. stocks, the dollar and Treasury yields sank on Friday after an ABC report said former national security adviser Michael Flynn was prepared to testify that Donald Trump instructed him to make contact with Russians during the presidential campaign.

New York Times cuts number of free articles on website

(Reuters) - The New York Times on Friday reduced the number of free articles it will offer most non-subscribers to five from 10 in an effort to make more money from readers.