Reuters - Daily Investor Update

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Tuesday, July 25, 2017

VW executive charged in U.S. emissions probe to plead guilty: court

(Reuters) - A Volkswagen AG executive charged in the automaker's diesel emissions scandal plans to plead guilty on Aug. 4 in U.S. District Court in Detroit, a court spokesman said on Tuesday.

Strong earnings boost U.S. stocks, dollar near 13-month low

NEW YORK (Reuters) - A set of strong U.S. earnings reports sent the S&P 500 stock index to a record high on Tuesday, while the dollar held at its lowest since June 2016 ahead of a two-day Federal Reserve policy meeting.

House panel wants Google, Facebook, AT&T CEOs to testify on internet rules

WASHINGTON (Reuters) - The chairman of the U.S. House Energy and Commerce Committee on Tuesday asked the chief executives of Alphabet Inc, Facebook Inc, Amazon.com Inc, AT&T Inc, Verizon Communications Inc and other companies to testify at a Sept. 7 hearing on the future of net neutrality rules.

Domino's Pizza's slowing UK sales growth sends shares tumbling

(Reuters) - Britain's biggest pizza delivery firm, Domino's Pizza Group Plc, reported much lower like-for-like sales growth in the first half of the year, sending its shares tumbling on Tuesday.

Israeli settles Mobileye insider trading case with U.S. regulators

(Reuters) - An Israeli has agreed to pay more than $850,000 settle U.S. claims he engaged in insider trading in Jerusalem-based Mobileye NV , a maker of sensors and cameras for self-driving vehicles, ahead of its $15.3 billion takeover by Intel Corp .

GM promises to cut high inventory as profit beats expectations

DETROIT (Reuters) - General Motors Co on Tuesday reported a better-than-expected quarterly net profit, helped by cost cuts, and promised to cut production in the second half to curtail its burgeoning U.S. inventory of unsold vehicles.

Volatility plunge sends VIX index to 23-year low

NEW YORK (Reuters) - Strong earnings boosted U.S. stocks on Tuesday, driving the S&P 500 to a record high while also sending a popular options-based gauge of expected price volatility down to a more than 23-year low.

Strong earnings boost S&P, Dow; Alphabet drags Nasdaq

(Reuters) - The S&P and the Dow were higher in late morning trading on Tuesday, helped by a string of strong quarterly earnings from companies, including McDonald's and Caterpillar, while the Nasdaq was little changed as a fall in Alphabet weighed.

Custom burgers, $1 drinks boost McDonald's sales; shares jump

(Reuters) - McDonald's Corp on Tuesday posted its biggest jump in global sales at established restaurants in five years, helped by stronger traffic worldwide and U.S. initiatives including drink specials and custom sandwiches.

Citigroup sets higher profit targets at first investor day since crisis

NEW YORK (Reuters) - Citigroup Inc issued loftier projections for its long-term profitability on Tuesday at the first major conference it has held for its own investors in more than nine years.