Reuters - Daily Investor Update

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Tuesday, May 30, 2017

U.S. proposes fining United $435,000 over 2014 flights

WASHINGTON (Reuters) - The U.S. Federal Aviation Administration on Tuesday proposed fining United Airlines $435,000 for operating 23 flights in 2014 with a Boeing 787 that the government alleged was not in airworthy condition.

Stocks dip as bonds, yen rise on cautious outlook

NEW YORK (Reuters) - World stock prices slipped on Tuesday on concerns about the political outlook in Europe and U.S. economic growth, while nervous investors piled into yen and low-risk U.S. and German government bonds.

Uber fires self-driving car chief at center of court case

(Reuters) - Uber Technologies Inc said on Tuesday it fired the former head of its self-driving unit, Anthony Levandowski, after he failed to comply with a court order to hand over documents at the center of a legal dispute between Uber and Alphabet Inc's Waymo unit.

Wall Street slips as energy, financials lose ground

(Reuters) - U.S. stocks inched lower on Tuesday, with the S&P 500 retreating slightly from a record, as weakness in the energy and financial sectors outweighed gains in technology shares.

Dollar stumbles as global sentiment weakens

NEW YORK (Reuters) - The dollar fell to two-week lows against the safe-haven yen and Swiss franc on Tuesday, as investors turned cautious amid political worries in Europe as well as weaker stock and commodity markets after a long U.S. holiday weekend.

Oil prices slide on worries Libya output will feed glut

NEW YORK (Reuters) - Oil prices fell about 1 percent on Tuesday, on signs of resurgent crude output in Libya and concerns that extended production cuts by leading exporting countries may not be enough to drain a global glut that has depressed prices for almost three years.

Venezuelan opposition condemns Goldman for $2.8 billion bond deal

CARACAS/NEW YORK (Reuters/IFR) - Goldman Sachs Group Inc 's statement that it never transacted directly with the government of Venezuelan President Nicolas Maduro when it bought $2.8 billion of bonds for pennies on the dollar was dismissed by the country's opposition on Tuesday as an effort to "put lipstick on this pig."

Daimler aims to expand supplier base in Alabama

FRANKFURT (Reuters) - Daimler's Mercedes-Benz "sees value" in having more suppliers in the U.S. state of Alabama, where it has a factory in Tuscaloosa, the group said on Tuesday.

Brainard expects Fed rate hikes but eyeing soft inflation

NEW YORK (Reuters) - A U.S. rate hike is probably coming soon though the Federal Reserve may want to delay if inflation remains soft, an influential Fed governor said on Tuesday, adding she also backs shrinking the bond portfolio "before too long."

BlackRock CEO Fink says second-quarter earnings could disappoint

NEW YORK (Reuters) - BlackRock Chief Executive Larry Fink said on Tuesday that U.S. financial markets are "probably fully priced at this moment," and that second-quarter earnings and growth could disappoint investors.