Reuters - Daily Investor Update

Click to View in Browser

Friday, May 5, 2017

Paul Singer's Elliott Management raises $5 billion in 24 hours: letter

NEW YORK (Reuters) - Paul Singer's hedge fund firm Elliott Management Corp raised $5 billion in about 24 hours this week citing a major potential opportunity when "investor confidence is impaired," according to letters sent to investors that were seen by Reuters.

S&P 500 sets record close as energy jumps

NEW YORK (Reuters) - Major U.S. stock indexes gained on Friday, with the S&P 500 closing at a record high, as energy stocks tracked a rebound in oil prices and U.S. job creation rose.

FCC chairman wants to cut regulations, speed new innovation approvals

WASHINGTON (Reuters) - The head of the Federal Communications Commission, Ajit Pai, said on Friday that the agency is continuing a sweeping regulatory review, keen to adapt rules to the digital age and get rid of rules that he said are barriers to business.

Fed's Williams pushes new approach to U.S. inflation goal

NEW YORK (Reuters) - One of the Federal Reserve's experts on navigating a world of low inflation and economic growth said on Friday the U.S. central bank should seriously consider ditching its old policy framework for a new approach to hitting its price-level goal.

Hot job gains could pose risks, Fed hikes needed -Williams

NEW YORK (Reuters) - The April jobs report was "encouraging" and reinforces the Federal Reserve's need to raise rates another two to three more times this year to head off the growing risk that the labor market will get too hot, San Francisco Fed President John Williams said on Friday.

Airbus well behind Boeing in January-April orders

PARIS (Reuters) - Airbus sold 25 passenger jets in April, bringing total orders for the European planemaker so far this year to 51, well behind its U.S. rival Boeing.

Exclusive: Billionaire investor Draper to participate in blockchain token sale for first time

NEW YORK (Reuters) - Billionaire venture capitalist Tim Draper soon plans to take a step that even he, a long-time bitcoin aficionado, has eschewed to now: buying a new digital currency offered by a technology startup.

Latest victim of retail downturn, Revlon tumbles 23 percent

SAN FRANCISCO (Reuters) - Shares of Revlon slumped 23 percent on Friday and were headed for their biggest one-day drop since the financial crisis after the cosmetics company said declining mall traffic hurt its quarterly sales.

Oil rebounds on Saudi assurances Russia will extend supply cuts

NEW YORK (Reuters) - Oil prices closed 1.5 percent higher on Friday, rebounding from five-month lows, following positive U.S. jobs data and assurances by Saudi Arabia that Russia is ready to join OPEC in extending supply cuts to reduce a persistent glut.

TransCanada Keystone XL shipper talks complicated, CEO says as profit up

(Reuters) - Lower oil prices and alternative export routes are complicating negotiations for shipper commitment for TransCanada Corp's Keystone XL pipeline project, and the company does not have a firm deadline for concluding the talks, Chief Executive Russell Girling said on Friday.