Reuters - Daily Investor Update

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Friday, April 28, 2017

Oil up on more optimistic outlook on OPEC cuts

NEW YORK (Reuters) - Oil prices edged up on Friday on optimism among investors that OPEC would agreed to extend production cuts aimed at ending a global glut into the second half of the year.

Equities slip after weak U.S. GDP; euro strengthens

NEW YORK (Reuters) - World stock markets dipped on Friday, as U.S. equities retreated after a soft reading on first-quarter economic growth, while the euro strengthened as euro zone inflation rose to hit the European Central Bank's target.

Soft GDP weighs on Wall Street but indexes up in April

NEW YORK (Reuters) - Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash in recent gains.

U.S. airlines overhaul overbooking after United fiasco

NEW YORK (Reuters) - The backlash against the rough removal of a United Airlines passenger to make room on a crowded flight has opened a divide in the U.S. industry over how to manage flight overbooking, with some renouncing the practice and others offering richer incentives to give up seats.

Apple, Tesla ask California to change its proposed policies on self-driving car testing

(Reuters) - Apple Inc has asked the state of California to make changes in its proposed policies on self-driving cars, the latest sign the technology giant is pursuing driverless car technology.

Rising U.S. truck, crossover sales drive GM to record profit

DETROIT (Reuters) - General Motors Co on Friday reported a record quarterly

U.S. first quarter growth weakest in three years as consumer spending falters

WASHINGTON (Reuters) - The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses.

Weekahead: Hot earnings to keep fire under growth-stock rally

NEW YORK (Reuters) - Don't look for the outperformance of growth stocks to fade any time soon, as long as corporate earnings continue to improve and hopes remain for stronger economic growth.

In first 100 days, a reversal of fortune for Trump favorites on Wall Street

SAN FRANCISCO (Reuters) - A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher.

Factbox: Four tales of the Trump trade, 100 days into his presidency

NEW YORK (Reuters) - The U.S. stock market rallied sharply in the wake of President Donald Trump's election on Nov. 8, fueled by the hopes for his agenda of cutting taxes, spending on infrastructure and reducing regulations.