Reuters - Daily Investor Update

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Wednesday, August 23, 2017

Wall Street falls as Trump threatens government shutdown

NEW YORK (Reuters) - U.S. stocks closed lower on Wednesday as investors grappled with a threat from President Donald Trump to shut down the government if Congress fails to fund a Mexico border wall.

Toll's average price to fall as millennials buy cheaper homes

(Reuters) - Toll Brothers Inc's falling average selling price (ASP) signals a new normal for luxury homebuilders in the United States as they sell more, but lower-priced homes, to thrifty millennials.

Mexico, Canada dismiss Trump threats to scrap NAFTA trade pact

MEXICO CITY/OTTAWA (Reuters) - Mexico and Canada on Wednesday dismissed U.S. President Donald Trump's latest threat to scrap NAFTA, describing it as a negotiating tactic aimed at winning the upper hand in talks to update one of the world's biggest trading blocs.

True price of an Uber ride in question as investors assess firm's value

SAN FRANCISCO (Reuters) - What is the true cost of an Uber ride?

Uber reports losses of $645 million in second quarter, ride bookings grow

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] narrowed its losses in the second quarter by 9 percent and boosted its ride bookings, the company said on Wednesday, but is still a long way from profitable.

Trump's comments roil capital markets, oil rises

NEW YORK (Reuters) - Stocks on Wall Street, the dollar and Treasury debt rates all fell on Wednesday after U.S. President Donald Trump's threat to shut down the government and nix a trade accord with Canada and Mexico gave investors pause.

U.S. new home sales hit seven-month low as prices soar

WASHINGTON (Reuters) - New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months amid a surge in prices, raising concerns of a slowdown in the housing market recovery.

American Express to pay $96 million over discriminatory card terms

WASHINGTON (Reuters) - American Express will end up paying $96 million to credit card customers in Puerto Rico and other U.S. territories for charging higher interest rates and engaging in other discriminatory practices, federal regulators said on Wednesday.

EU starts in-depth probe of Bayer, Monsanto deal

BRUSSELS/FRANKFURT (Reuters) - The European Commission has started an in-depth investigation of Bayer's planned $66 billion takeover of U.S. seeds group Monsanto, saying it was worried about competition in various pesticide and seeds markets.

Toshiba prioritizes talks with Western Digital on chip business sale: sources

TOKYO (Reuters) - Japan's Toshiba Corp is prioritizing negotiations with Western Digital to sell its memory chip business after talks stalled with a previously preferred bidder, sources familiar with the matter said on Wednesday.