Reuters - Daily Investor Update

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Tuesday, June 27, 2017

Wall St. falters as Senate delays health vote

(Reuters) - The tech-heavy Nasdaq led a broad Wall Street decline on Tuesday with stocks falling more sharply after a healthcare bill was delayed in the U.S. Senate, raising fresh questions about President Trump's domestic agenda.

Tight supply keeps U.S. home prices grinding up in April

NEW YORK (Reuters) - U.S. single-family home prices rose in April due to tight inventory of houses on the market and low mortgage rates, a survey showed on Tuesday, and economists see no imminent change in the trend.

U.S. antitrust lawsuit against Qualcomm to proceed, judge rules

(Reuters) - The Federal Trade Commission's antitrust lawsuit against Qualcomm Inc can proceed, a federal judge ruled late on Monday, meaning the iPhone chip supplier must now wage a fight with U.S. regulators even as it contests a separate $1 billion lawsuit filed by Apple Inc .

In disaster's wake, BP doubles down on deepwater despite surging shale

THUNDER HORSE OIL PLATFORM, Gulf of Mexico (Reuters) - About 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year.

Sprint shares jump on cable wireless talks, T-Mobile sinks

(Reuters) - Sprint Corp shares jumped as much as 6 percent on Tuesday on news the carrier is in talks with Charter Communications Inc and Comcast Corp about a wireless partnership, a move that added a new dimension to speculation about possible telecom sector tie-ups.

Nestle plans $20.8 billion share buyback amid Third Point pressure

LONDON/ZURICH (Reuters) - Nestle plans to buy back as much as 20 billion Swiss francs ($20.8 billion) worth of shares over three years, it said on Tuesday, days after U.S. activist shareholder Third Point LLC began a campaign to boost performance at the company.

Oil prices up 2 percent on weaker dollar, short-covering

NEW YORK (Reuters) - Oil prices rose nearly 2 percent and hit a one-week high on Tuesday, boosted by a weaker dollar, short covering and expectations that crude inventories in the United States may decline for a third consecutive week.

Wall Street ends higher on technology, energy boost

(This June 23 story was corrected to reflect company name is Conning, not Conning & Co in paragraph seven)

Euro rallies, weak dollar lifts oil; stocks slip

NEW YORK (Reuters) - The euro rallied against the U.S. dollar on Tuesday after European Central Bank President Mario Draghi fueled market expectations the ECB will reduce stimulus later this year, while the dollar's weakness helped lift crude prices.

Deutsche Bank said to lose as much as $60 million over derivative trade: Bloomberg

(Reuters) - Deutsche Bank is set to lose as much as $60 million over a trade linked to U.S. inflation, Bloomberg reported, citing people familiar with the matter.