Reuters - Daily Investor Update

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Thursday, May 4, 2017

Jay Clayton sworn in as chairman of the U.S. SEC

WASHINGTON (Reuters) - Wall Street attorney Jay Clayton was officially sworn in as chairman of the U.S. Securities and Exchange Commission by U.S. Supreme Court Justice Anthony Kennedy on Thursday, the agency announced.

Wal-Mart files patent for Amazon Dash rival

(Reuters) - Wal-Mart Stores Inc has applied for a patent to compete with Amazon.com Inc's wifi-connected, one-button ordering device, Amazon Dash, according to data provider CB Insights.

Wall Street ends flat as health bill passes; energy slammed

(Reuters) - Wall Street ended flat on Thursday as a steep fall for the energy sector countered some solid earnings reports, with major stock indexes closing little changed after the U.S. House of Representatives passed a healthcare overhaul.

Retailer Bebe avoids bankruptcy with landlord deals: sources

(Reuters) - Fashion chain Bebe Stores Inc has clinched deals with its landlords to close its approximately 180 stores, enabling it to avoid filing for bankruptcy and continue to sell merchandise online, people familiar with the matter said on Thursday.

Greenlight says documents show GM tried to undermine dual-share plan

(Reuters) - Greenlight Capital escalated its battle against General Motors Co. on Thursday, posting credit ratings documents related to the hedge fund's dual-share plan that it said were inappropriately changed by GM to undermine its proposal.

Volatility near record lows a bad omen for stock returns

NEW YORK (Reuters) - U.S. stock market volatility is close to record lows and, going by history, that does not bode well for stock market returns over the next twelve months.

Oil tumbles on supply concern, euro up ahead of French vote

NEW YORK (Reuters) - Crude oil prices tumbled on Thursday, erasing the gains made since a production cut deal last November, while the euro strengthened against the U.S. dollar as a pro-European Union centrist looked set to win the French presidency.

Dip in Tesla's customer deposits triggers worries over orders

(Reuters) - A 7 percent drop in Tesla Inc's customer deposits in its latest quarter raised concerns about future sales at the U.S. luxury electric-car maker.

Oil dives 5 percent; OPEC looks unlikely to deepen output cuts

NEW YORK (Reuters) - Oil prices tumbled about 5 percent on Thursday, breaking below $50 a barrel to the lowest since late November on signs that OPEC and other producing countries would not take more drastic steps to reduce the world's stubbornly persistent glut of crude.

U.S. Senate passes bill to fund government through September

WASHINGTON (Reuters) - The U.S. Senate on Thursday gave final legislative approval to a $1.2 trillion spending bill to keep the government open through September, a measure President Donald Trump is expected to sign before Friday's deadline.