Reuters Daily Investor Update: May 16, 2017

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Tuesday, May 16, 2017

Housing data, political turmoil hit dollar; global stocks flat

NEW YORK (Reuters) - The U.S. dollar index touched its lowest since early November on Tuesday, hurt by weaker-than-expected U.S. housing data and concerns after political turmoil once again hit Washington.

JPMorgan's Dimon defends Trump advisory role, deregulation

NEW YORK (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon on Tuesday responded to criticism from angry shareholders of his role advising President Donald Trump on economic matters, saying he would help "any president" in office.

S&P 500 ends flat; retail earnings mixed

NEW YORK (Reuters) - The S&P 500 and the Dow ended Tuesday's session flat after a mixed set of economic data and retail earnings, while the Nasdaq hit another record closing high with help from technology stocks.

Cyber attack eases, hacking group threatens to sell code

WASHINGTON (Reuters) - Governments turned their attention to a possible new wave of cyber threats on Tuesday after the group that leaked U.S. hacking tools used to launch the global WannaCry "ransomware" attack warned it would release more malicious code.

German government can save IP addresses to help stop cyber attacks, court rules

KARLSRUHE, Germany (Reuters) - Germany's Federal Court ruled on Tuesday that websites operated by the government are generally allowed to save users' internet addresses but must provide reasons why doing so is necessary to help the sites guard against online attacks.

Euro surges to six-month high after data; Trump worries hit dollar

NEW YORK (Reuters) - The euro surged more than 1 percent against a broadly weaker dollar on Tuesday, nearly touching $1.11 as it rose to its highest level since Donald Trump was elected U.S. president in November.

Reports of large-scale Ford job cuts meet indifference on Wall Street

WASHINGTON/DETROIT (Reuters) - Investors on Tuesday shrugged off media reports that Ford Motor Co will announce plans to cut thousands of white-collar workers, highlighting the challenges facing Chief Executive Mark Fields.

EU to launch legal case against Italy over Fiat emissions: sources

BRUSSELS (Reuters) - The European Union will launch legal action against Italy on Wednesday for failing to police allegations of emissions-test cheating by Fiat Chrysler properly following the Volkswagen dieselgate scandal, EU sources said.

Facebook to reimburse some advertisers after discovering bug

(Reuters) - Facebook Inc said on Tuesday it would refund some advertisers after finding a bug that wrongly attributed video carousel ad clicks as clicks to the advertisers' websites.

Ford to cut North America, Asia salaried workers by 10 percent: source

WASHINGTON/DETROIT (Reuters) - Ford Motor Co plans to shrink its salaried workforce in North America and Asia by about 10 percent as it works to boost profits and its sliding stock price, a source familiar with the plan told Reuters on Monday.

Reuters Daily Investor Update: May 16, 2017

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