Reuters - Daily Investor Update

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Friday, August 25, 2017

Wall Street rises modestly following Yellen speech

NEW YORK (Reuters) - U.S. stocks rose slightly on Friday, lifted by high-dividend-paying stocks, after Federal Reserve Chair Janet Yellen stayed silent on monetary policy in a much-anticipated speech.

Yellen to Trump: don't expect a flip-flop on financial reforms

JACKSON HOLE, Wyo. (Reuters) - Janet Yellen delivered a message to President Donald Trump on Friday, making it clear that if he re-nominates her as Federal Reserve chair she will not turn her back on the raft of U.S. financial reforms that Republicans want to roll back.

'Worthless' Subway 'Footlong' sandwich settlement is thrown out: U.S. court

(Reuters) - A U.S. federal appeals court on Friday threw out a class-action settlement intended to resolve claims that the Subway sandwich chain deceived customers by selling "Footlong" subs that were less than a foot long.

General Motors details Brazil investments

SAO PAULO (Reuters) - U.S. automaker General Motors Co on Friday announced 1.9 billion reais ($603 million) of investments in its Joinville factory in southern Brazil and 1.2 billion reais of capital spending in its plant on the outskirts of São Paulo.

Low world inflation dogs central bankers, even as economies grow

JACKSON HOLE, Wyo. (Reuters) - The world's top central bankers gather in Jackson Hole, their confidence bolstered by a sustained return to economic growth that may eventually allow the European Central Bank and the Bank of Japan to follow the Federal Reserve in winding down their crisis-era policies.

Stocks rise, U.S. dollar eases on Yellen remarks

NEW YORK (Reuters) - World stock markets advanced while the U.S. dollar weakened on Friday after Federal Reserve Chair Janet Yellen omitted monetary policy in a much-anticipated speech that left the possibility of a U.S. interest rate hike in December open to interpretation.

Yellen: Financial rules have made economy stronger, changes should be 'modest'

JACKSON HOLE, Wyo. (Reuters) - Reforms put in place after the 2007 to 2009 crisis have strengthened the financial system without impeding economic growth and any changes to these rules should remain modest, Federal Reserve Chair Janet Yellen said Friday in her fullest defense yet of the regulations enacted after the Great Recession.

Fed can be patient about lifting interest rates: Powell

WASHINGTON (Reuters) - Low inflation and a strong labor market in the United States are allowing the Federal Reserve to be "patient" about when it next raises interest rates, Fed Governor Jerome Powell said on Friday.

Platinum founder's lawyers appeal order barring contact with witnesses

NEW YORK (Reuters) - Lawyers defending Platinum Partners founder Mark Nordlicht in a $1 billion fraud case have asked a U.S. appeals court to allow them to communicate with potential government witnesses, calling a judge's order blocking them from doing so unconstitutional.

Traders dial back rate hike view on Yellen's silence on policy

(Reuters) - U.S. short-term interest rate futures rose on Friday as traders scaled back expectations that the Federal Reserve will raise interest rates further this year after Fed Chair Janet Yellen skipped mention of monetary policy in a widely anticipated speech.