Reuters - Daily Investor Update

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Tuesday, May 2, 2017

Wall Street fears end of boom as automakers' April U.S. sales drop

DETROIT (Reuters) - Major automakers on Tuesday posted declines in U.S. new vehicle sales for April in a sign the long boom cycle that lifted the American auto industry to record sales last year is losing steam, sending carmaker stocks down.

Wall Street edges up on heavy earnings day; Fed on tap

(Reuters) - Wall Street edged higher on Tuesday as gains for the tech and industrial sectors countered weakness in auto and energy stocks and investors digested a heavy day of earnings reports.

U.S. lawmakers eye airline legislation, citing 'terrible' experiences

WASHINGTON (Reuters) - U.S. lawmakers threatened United Airlines and other U.S. carriers on Tuesday with legislation aimed at improving customer service after a passenger was hauled down the aisle of an overbooked flight last month.

U.S. lawmakers eye airline legislation, citing 'terrible' experiences

Brent crude falls to five-month low, erases gains since OPEC agreed to cuts

NEW YORK (Reuters) - Brent crude oil prices fell on Tuesday to its lowest level in over five months, erasing all of the gains since OPEC agreed to cut production at the end of November, after breaking through a key technical support level.

Europe leads stocks higher, oil tumbles

NEW YORK (Reuters) - A measure of stocks across major markets globally inched up to a record high on Tuesday, lifted by gains in Europe amid corporate and economic strength, while crude futures tumbled as prices breached key technical levels.

Tesla is most painful stock for short sellers in 2017

SAN FRANCISCO (Reuters) - Traders short selling Tesla's soaring stock have lost $3.7 billion this year, eclipsing the combined losses of traders shorting Apple , Amazon.com and Netflix .

AIG's investors, awaiting CEO plan, uneasy ahead of results

(Reuters) - For nearly two months, American International Group Inc has planned to replace its chief executive but a successor has yet to be named, creating a void that has stoked investor concerns about the insurance company's future.

Wall Street elite find it hard to bank on Trump's breakup talk

NEW YORK (Reuters) - At an annual gathering of the world's most powerful thinkers and trendsetters in Beverly Hills this week, business leaders and major investors said they have gotten used to dismissing most things that President Donald Trump says or tweets.

Infosys plans to hire 10,000 U.S. workers after Trump targets outsourcing firms

SAN FRANCISCO/MUMBAI (Reuters) - India-based IT services firm Infosys Ltd plans to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States, starting with a center this August in Indiana, the home state of U.S. Vice President Mike Pence.