Reuters - Daily Investor Update

Click to View in Browser

Thursday, July 20, 2017

Euro soars after Draghi comments, world shares up again

NEW YORK (Reuters) - The euro strengthened to its highest level in nearly two years against the U.S. dollar on Thursday after Europe's central bank chief said officials would discuss possible changes to its bond-buying scheme this autumn, while a gauge of stocks globally gained for a 10th straight session.

Visa's revenue surges 26 percent

(Reuters) - Payments processor Visa Inc's quarterly revenue jumped nearly 26 percent as more people made payments using its network.

Microsoft's quarterly profit more than doubles

(Reuters) - Microsoft Corp reported a quarterly profit that more than doubled, helped by a tax benefit and strong growth in its cloud business.

Wall Street flat as home improvement retailers get Amazoned

NEW YORK (Reuters) - Stocks ended little changed on Wall Street on Thursday as a deal between Sears and Amazon weighed on home improvement retailers while gains in Regeneron and Microsoft buoyed the Nasdaq.

UAW 'talking' to GM about impact of car sales slump on U.S. jobs

(Reuters) - The president of the United Auto Workers union expressed concern on Thursday about the impact of slumping U.S. car sales at General Motors Co on auto plants and jobs.

Sears to sell Kenmore appliances on Amazon; shares jump

(Reuters) - Sears Holdings Corp's shares soared as much as 24 percent after the struggling retailer said it would sell its Kenmore home appliances on Amazon.com and integrate the brand's smart gadgets with the online giant's Alexa digital assistant.

Trump unveils companies' $500 million U.S. drug packaging project

WASHINGTON (Reuters) - President Donald Trump on Thursday announced a $500 million investment that Corning Inc is making with pharmaceutical giants Merck and Pfizer to manufacture a new kind of glass for injectable drug vials.

Carrefour's Diniz hails Brazil IPO, shares slip

SAO PAULO (Reuters) - Carrefour SA board member Abilio Diniz said on Thursday the initial public offering of the retailer's Brazilian unit shows the country is overcoming its harshest recession in a century as shares slipped in their market debut.

Oil settles down after early rally lifts Brent past $50

NEW YORK (Reuters) - Oil settled lower on Thursday in choppy trading, as nagging worries about abundant global crude supplies sank prices after an early rally boosted Brent above $50 per barrel for the first time since June 7.

Snap under pressure as Wall Street eyes share lock-up expirations

SAN FRANCISCO (Reuters) - A potential flood of newly available Snap shares is weighing on Wall Street's already shaky support for the owner of the Snapchat social media app.