Reuters - Daily Investor Update

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Friday, June 30, 2017

Wall St. ends bumpy week, strong 1st half with modest gain

(Reuters) - Major U.S. stock indexes on Friday ended a volatile week on a modestly high note, boosted by Nike's well-received quarterly report, with the S&P 500 tallying its best first half of the year since 2013.

Big Food hungry for meal kits, despite Blue Apron IPO flop

(Reuters) - The downsized initial public offering of Blue Apron Holdings Inc , the first U.S. meal-kit company to go public, may have disappointed venture capital investors, but food companies with stakes in the sector may still see returns in the form of insight into changing eating habits.

Oil up for seventh day but first-half drop biggest since 1998

NEW YORK (Reuters) - Oil climbed on Friday for a seventh straight session as a decrease in the U.S. rig count and stronger demand data from China lifted depressed prices that still finished the first half with the biggest decline for that period since 1998.

Oil rises for seventh session, U.S. stocks rebound

NEW YORK (Reuters) - Oil rose for a seventh straight session on Friday on a declining U.S. rig count and stronger demand data from China, while U.S. equities rebounded and were set to end a volatile week on an up-beat, helped by a double-digit jump in Nike shares.

Jessica Alba's company Honest reaches $7.35 million labeling settlement

NEW YORK (Reuters) - Honest Co will set up a $7.35 million fund to compensate shoppers who said the website co-founded by actress Jessica Alba fraudulently labeled dozens of home and personal care products as natural, plant-based or chemical-free.

Dollar posts biggest quarterly drop in nearly seven years

NEW YORK (Reuters) - The U.S. dollar recovered slightly on Friday, but posted its biggest quarterly decline against a basket of rival currencies in nearly seven years after hawkish signals from foreign central banks this week pressured the greenback further.

Buffett's company to become Bank of America's top shareholder

(Reuters) - Warren Buffett's company will become the biggest shareholder in Bank of America Corp , after Berkshire Hathaway Inc on Friday invoked its right to acquire 700 million shares of the second-largest U.S. bank.

Big U.S. banks pack results into one day, overwhelming analysts

(Reuters) - For the fourth straight quarter, several of the biggest U.S. banks are reporting earnings on the same day, setting up a situation that overwhelms analysts covering the industry.

Nike-Amazon deal may hurt sporting goods retailers: analysts

(Reuters) - Nike's pilot program to sell certain products on Amazon and Instagram is a precursor to it forging a deeper relationship with online retailers, and could hit sales at sporting goods retailers such as Foot Locker Inc .

High-tech dashboards signal big changes for auto parts suppliers

(This June 29 story was refiled to correct spelling of IHS Markit in fifth paragraph)