Reuters - Daily Investor Update

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Wednesday, March 15, 2017

Renault CEO Ghosn targeted in French diesel probe

PARIS (Reuters) - France's consumer fraud watchdog told prosecutors that Renault boss Carlos Ghosn should be held responsible for the carmaker's suspected diesel emissions cheating, a judicial source said on Wednesday.

Wall Street rallies as Fed raises rates, stays course

NEW YORK (Reuters) - U.S. stocks rose sharply on Wednesday after the Federal Reserve raised interest rates for the second time in three months, as expected, but did not flag any plan to accelerate the pace of monetary tightening.

FCA CEO: 'zero interest' in pursuing merger talks with VW CEO

DETROIT (Reuters) - The top executive of automaker Fiat Chrysler Automobiles NV said on Wednesday that he has "zero interest in pursuing" merger talks with his counterpart at Volkswagen AG

Big win for automakers as Trump orders fuel economy standards review

DETROIT/WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday ordered a review of tough U.S. vehicle fuel-efficiency standards put in place by the Obama administration, handing a victory to auto industry executives and provoking criticism from Democrats and environmental groups.

Fed raises rates as job gains, firming inflation stoke confidence

WASHINGTON (Reuters) - The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.

U.S. indicts Russian spies, hackers over massive Yahoo hack

WASHINGTON (Reuters) - The U.S. government on Wednesday unsealed charges against two Russian spies and two criminal hackers for allegedly pilfering 500 million Yahoo user accounts in 2014.

Stocks strengthen, dollar fades as Fed sees gradual tightening

NEW YORK (Reuters) - U.S. stocks pushed higher on Wednesday, while Treasury yields fell and the dollar weakened, after the Federal Reserve raised interest rates for the second time in three months but did not flag any plan to accelerate the pace of monetary tightening.

Turner, Fox, Viacom to offer advertisers way to laser focus on audience

NEW YORK (Reuters) - Major U.S. media companies Time Warner Inc’s Turner, Viacom Inc and 21st Century Fox Inc’s Fox Networks Group will launch OpenAP, a program for advertisers to laser focus their commercials at specific audiences on television.

Interest rate futures traders see two more Fed rate hikes in 2017

(Reuters) - U.S. short-term interest rate futures rose on Wednesday after the Federal Reserve raised interest rates for the second time in three months but gave little sign it saw a need to raise rates faster than the pace it had laid out in December.

Gundlach expects short-term rally in U.S. Treasuries on Fed: CNBC

NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Wednesday he expected a short-term rally in U.S. Treasuries and that investors should "use the strength" in U.S. stocks to take profits and diversify in overseas markets.